Essex Property Trust Inc

Latest Essex Property Trust Inc News and Updates

  • uploads///Art  Debt
    Earnings Report

    How Equity Residential Improved Its Balance Sheet in 2Q17

    During 2Q17, Equity Residential (EQR) reported higher-than-expected top-line and bottom-line results backed by robust rent growth and occupancy levels.

    By Jennifer Mathews
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    Company & Industry Overviews

    Understanding Equity Residential’s Business Segments

    In 1Q17, Southern California comprised 25% of Equity Residential’s (EQR) total revenues, 19% of its total revenues came from Washington, D.C., and New York comprised 21% of its total revenues.

    By Jennifer Mathews
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    Company & Industry Overviews

    Investing in American Campus Communities through ETFs

    ETFs are a convenient, easy way to diversify your portfolio. In this article, we’ll look at how sector-specific and sector-agnostic ETFs invest in American Campus Communities (ACC) stock.

    By Peter Barnes
  • uploads///Chart  Apartment REITs
    Company & Industry Overviews

    Residential Sector: What Investors Should Know

    The residential REIT sector mainly includes apartments and manufactured housing. It’s one of the largest segments in the REIT industry.

    By Peter Barnes
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    Company & Industry Overviews

    How Is Equity Residential Rewarding Its Investors?

    EQR announced a quarterly dividend of $0.50. The current dividend yield stands at 3.2%, and it has a payout ratio of 135.2% for 3Q17.

    By Raina Brown
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    Earnings Report

    Why Equity Residential’s Top Line Soared in 2Q17

    Equity Residential’s (EQR) top line in 2Q17 surpassed both the year-ago results as well as management’s expectations backed by rent growth.

    By Jennifer Mathews
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    Earnings Report

    Here’s What Drove Equity Residential’s Strong Q3 Results

    Equity Residential (EQR) reported strong third-quarter results yesterday.

    By Anirudha Bhagat
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    Earnings Report

    Equity Residential: Shareholder Wealth by Capital Reallocation

    During the first half of 2018, Equity Residential sold four apartment properties and a land parcel for $292.7 million.

    By Anirudha Bhagat
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    Earnings Report

    Equity Residential’s Q2 Results Beat Wall Street Estimates

    Equity Residential (EQR) posted FFO (funds from operations) of $0.81 in Q2 2018, beating Wall Street’s expectations by a penny.

    By Anirudha Bhagat
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    Company & Industry Overviews

    What Do Wall Street Analysts Think of Equity Residential?

    Analysts gave EQR a mean price target of $69.08, implying a ~8.3% rise from its current level of $63.77.

    By Raina Brown
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    Company & Industry Overviews

    How Does Equity Residential’s Balance Sheet Look?

    EQR reported higher revenues backed by strong growth in rental income.

    By Raina Brown
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    Company & Industry Overviews

    How Tax Plan, Interest Rates, and Other Factors Are Affecting EQR

    Since REITs are required to pay 90% of their income as dividends, the tax cuts might reduce their advantage in comparison to other corporations.

    By Raina Brown
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    Company & Industry Overviews

    Equity Residential’s Strategic Properties Give It an Edge

    Equity Residential (EQR) has properties in Southern California, San Francisco, New York, Washington DC, Boston, and Seattle.

    By Raina Brown
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    Company & Industry Overviews

    What Lies Ahead for AVB, ESS, and EQR?

    The residential REIT sector is on the threshold of a transition period and the performance of these stocks depends a lot on the macroeconomic as well as industrial changes taking place currently.

    By Jennifer Mathews
  • uploads///EQR Dev
    Company & Industry Overviews

    Residential REITs Implemented These Capital Deployment Strategies

    Residential REITs undertook various development and expansionary activities in order to maintain their leadership in the sector.

    By Jennifer Mathews
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    Earnings Report

    Financing Activities Leverage AvalonBay’s Balance Sheet in 2Q17

    Performance in 2Q17 AvalonBay Communities (AVB) has undertaken several development, redevelopment, and expansion projects to maintain its share in the market. It invested $400 million in new developments during the quarter. REITs such as UDR (UDR), Essex Property Trust (ESS), and Equity Residential (EQR) fund these activities with the help of debt and equity. Therefore, […]

    By Jennifer Mathews
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    Earnings Report

    Income Rises in 2Q17, AvalonBay Expects Higher Expenses

    Income generated in 2Q17 AvalonBay Communities (AVB) reported NOI (net operating income) of $367.1 million, compared with $339.6 million in 2Q16. The Northern California region reported the highest NOI of $64.6 million, followed by the New York metropolitan area, which reported NOI of $61.5 million. Development and redevelopment communities reported NOI growth of $40.1 million, […]

    By Jennifer Mathews
  • uploads///Regional
    Earnings Report

    How Geography Affected AvalonBay’s 2Q17 Results

    Wide geographical diversity AvalonBay Communities (AVB) has its assets well placed in high-demand Class A cities. These cities have soaring job growth, a high barrier to entry for competitors, and proximity to premium infrastructure. REIT peers UDR (UDR), Equity Residential (EQR), and Essex Property Trust (ESS) are repositioning their properties to Class A cities and […]

    By Jennifer Mathews
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    Earnings Report

    AvalonBay Maintains Profit with Strategic Capital Deployment

    Demographic shift American demographics are shifting towards Class A cities with high-income growth and demand for residential apartments. These cities offer job prospects and proximity to offices, schools, and other necessities for premium social living. Although these cities also have high barriers to entry, more residential apartment owners are repositioning their properties in these areas. […]

    By Jennifer Mathews
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    Earnings Report

    AvalonBay Revenue Climbs in 2Q17, Backed by Rent Growth

    Robust 2Q17 driven by rent growth AvalonBay Communities’ (AVB) total revenue of $530.5 million marginally surpassed Wall Street estimates by 0.3%. However, revenue rose by almost 6% from the year prior. Upbeat top-line growth reflected growth in development communities and stabilized operating communities. Same-store revenue rose 2.5% year-over-year. Including revenue from redeveloped communities, same-store revenue […]

    By Jennifer Mathews
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    Earnings Report

    What Lies Ahead for AvalonBay

    Robust 2Q17 results AvalonBay Communities’ (AVB) top and bottom lines exceeded expectations, backed by higher net operating income growth of 8.1%.   Factors affecting profit during 2Q17 Higher occupancy and rent growth in development communities and stabilized operating communities led to upbeat results during the quarter. Higher funds from operations expected for 3Q17 AvalonBay expects […]

    By Jennifer Mathews
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    Earnings Report

    Where AvalonBay Stands after Its 2Q17 Earnings Release

    AvalonBay Communities (AVB) reported core FFO (funds from operations) of $2.09 per share, in line with Wall Street estimates.

    By Jennifer Mathews
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    Earnings Report

    Equity Residential’s Main Revenue Drivers in 2Q17

    Equity Residential (EQR) is expected to experience slightly lower margins, mainly due to the higher cost of debt.

    By Jennifer Mathews
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    Company & Industry Overviews

    How Does Wall Street Rate Essex Property Trust?

    Essex Property Trust’s (ESS) performance expectations in 2017 are reflected in analysts’ ratings for its stock. Analysts have given ESS a mean price target of $257.6.

    By Jennifer Mathews
  • uploads///Art  PFFO
    Company & Industry Overviews

    How Essex Property Trust Compares to Other Industry Players

    The price-to-FFO (funds from operation) ratio is the most popular method of measuring the relative valuation of real estate investment trusts (or REIT) such as Essex Property Trust.

    By Jennifer Mathews
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    Company & Industry Overviews

    How Well Does Essex Property Manage Its Balance Sheet?

    In order to function as real estate investment trusts (or REIT), companies such as Essex Property Trust (ESS) have to pay almost 90% of their taxable income out as dividends.

    By Jennifer Mathews
  • uploads///Art  Dividend
    Company & Industry Overviews

    How Well Does Essex Property Return Value to Its Shareholders?

    Real estate investment trusts (or REIT) such as Essex Property Trust (ESS) need to pay at least 90% of their taxable incomes as dividends or share buybacks as a prerequisite for functioning as REITs.

    By Jennifer Mathews
  • uploads///Art  Consumer Sentiment
    Company & Industry Overviews

    Are Trump and the Rate Hike Blessings in Disguise for ESS?

    Rising optimism among citizens bodes well for REITs such as Essex Property Trust (ESS) AvalonBay Communities (AVB), Equity Residential (EQR), and UDR (UDR).

    By Jennifer Mathews
  • uploads///Art  Price and Interest
    Company & Industry Overviews

    How High Interest Could Affect ESS and Residential REITs

    REITs such as Essex Property Trust (ESS) yielded high returns in the long period during which interest rates were below average.

    By Jennifer Mathews
  • uploads///Art  Development Projects
    Company & Industry Overviews

    Development Projects Helps Essex Property Combat REIT Headwinds

    Amid the shifting residential REIT scenario, Essex Property Trust (ESS) has been able to maintain its dominant position.

    By Jennifer Mathews
  • uploads///Art  Proportion
    Company & Industry Overviews

    Essex Property to See Growth due to Winning Strategies

    The current macroeconomic scenario is conducive for growth in the residential REIT (real estate investment trust) sector.

    By Jennifer Mathews
  • uploads///Art  Housing starts
    Company & Industry Overviews

    Essex Property and Residential REITs Are Poised to Grow

    The home building sector has set itself a course for smooth sailing amid the current favorable economic scenario.

    By Jennifer Mathews
  • uploads///Art  Revenue
    Company & Industry Overviews

    How Essex Property Maintains Its Revenue Growth

    A slow and steady improvement in the job market and rising optimism among consumers about their economic welfare has triggered a spike in the construction sector.

    By Jennifer Mathews
  • uploads///Art  FFO
    Company & Industry Overviews

    Essex Property: An Apartment REIT Standing Strong amid Headwinds

    The current economic environment has made investors skeptical about the real estate investment trust (or REIT) industry.

    By Jennifer Mathews
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    Miscellaneous

    How Wall Street Analysts View AvalonBay Stock

    In May 2017, 11 of 23 analysts covering AVB stock issued “buy” or “strong buy” ratings.

    By Jennifer Mathews
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    Company & Industry Overviews

    AvalonBay—Comparison with Other Retail REITs in Its Industry

    Currently, AvalonBay Communities is offering a next-12-month (or NTM) dividend yield of 3%, which is in line with its close competitors.

    By Jennifer Mathews
  • uploads///Dividend
    Company & Industry Overviews

    AvalonBay Communities: A Rewarding Stock for Shareholders

    During 2016, AvalonBay Communities (AVB) repurchased 57,172 shares worth $0.6 million.

    By Jennifer Mathews
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    Company & Industry Overviews

    AvalonBay, Residential REITs Target Headwinds through Diversification

    During 1Q17, AvalonBay Communities (AVB) had completed the development of projects worth $650 million at an initially projected yield of 5.6%.

    By Jennifer Mathews
  • uploads///Consumer Sentiment Trump Article
    Company & Industry Overviews

    Could Rising Consumer Sentiment Boost REITs Like AVB?

    According to the University of Michigan, the consumer sentiment index for May 2017 gained 2.5% year-over-year, standing at 97.1%.

    By Jennifer Mathews
  • uploads///Art  Rev
    Company & Industry Overviews

    AvalonBay Maintains Revenue Growth amid Industrial Headwinds

    AvalonBay’s 1Q17 revenues came in at ~$522.3 million and surpassed estimates by 0.3%.

    By Jennifer Mathews
  • uploads///Art  FFO
    Company & Industry Overviews

    AvalonBay: Weathering Ups and Downs in Residential REITs

    In May 2017, 11 of 23 analysts covering AvalonBay Communities (AVB) stock issued “buy” or “strong buy” ratings. Eleven analysts gave AVB a “hold” rating, and one analyst gave it a “sell” or a “strong sell” rating.

    By Jennifer Mathews
  • uploads///Art  Dividend Payout
    Company & Industry Overviews

    GGP: A Rewarding Stock for Shareholders

    General Growth Properties (GGP) has been paying dividends to its shareholders consistently in every quarter since it raised its dividend 11.1% during 4Q16 to $0.22.

    By Jennifer Mathews
  • uploads///Art  DE
    Company & Industry Overviews

    How Does Equity Residential Manage Its Debt Leverage?

    Equity Residential’s effective overall borrowing rate for fiscal 2016 was ~4.5%, close to its 2015 level of ~4.6%.

    By Jennifer Mathews
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    Company & Industry Overviews

    Equity Residential’s Geographic Expansion

    As a part of its strategy initiated in 2005, Equity Residential (EQR) started to sell off its properties to other REITs located in less-dense regions.

    By Jennifer Mathews
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    Earnings Report

    Equity Residential’s Management Paints a Bullish Picture for 2016

    Equity Residential upwardly revised its guidance for its 2016 same-store operating performance, normalized FFO per share, and some of its transactions.

    By Peter Barnes
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    Earnings Report

    EQR Sees a Marginal Fall in Borrowing Costs in 4Q15

    In 2015, EQR was active in both the unsecured and secured credit markets to lower its effective borrowing costs and extend its maturity profile.

    By Peter Barnes
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    Macroeconomic Analysis

    How Much Money Are You Spending on Rent?

    Rent is rising fast while pay raises have been very modest, which is a very difficult situation for median-income households.

    By Peter Barnes
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    Macroeconomic Analysis

    What Can the Government Do to Increase Housing Affordability?

    Many local governments have initiated measures to increase housing affordability. The California Community Redevelopment Law requires developers of redevelopment projects to construct 15% of the houses to be affordable for low- and moderate-income households.

    By Peter Barnes
  • uploads/// cpi
    Macroeconomic Analysis

    Why Rent Is Going through the Roof

    As more and more people seek apartments, rent has also been rising rapidly. In fact, rent has been rising faster than the overall cost of living in the US.

    By Peter Barnes
  • uploads///C ETF
    Company & Industry Overviews

    Investing in Post Properties through ETFs

    The iShares US Real Estate ETF (IYR) has a 0.39% stake in Post Properties while the SPDR Dow Jones REIT ETF (RWR) has a 0.55% exposure.

    By Peter Barnes
  • uploads///C EV EBITDA
    Company & Industry Overviews

    What Post Properties’ Higher-than-Average EV-to-EBITDA Multiple Means

    Post Properties’ EV-to-EBITDA ratio is in line with its historical valuation, ranging between 12.2x–25.5x, with a current EV-to-EBITDA ratio of ~21.7x.

    By Peter Barnes
  • uploads///C P FFO
    Company & Industry Overviews

    Assessing Post Properties’ Average Price-to-FFO Multiple

    Post Properties’ TTM price-to-FFO multiple is in line with its historical valuation at around 18.9x.

    By Peter Barnes
  • uploads///C PIC
    Company & Industry Overviews

    A Must-Read Company Overview of Post Properties

    Headquartered in Atlanta, Georgia, Post Properties is structured as an REIT and completed its initial public offering in 1993.

    By Peter Barnes
  • uploads///C PIC
    Company & Industry Overviews

    Investing in Education Realty Trust: A Must-Know Company Overview

    Education Realty Trust is a self-managed and self-administered equity REIT. The main objective of the company is to develop, acquire, own, and manage student housing properties.

    By Peter Barnes
  • uploads///C REV
    Company & Industry Overviews

    Why AIMCO Has Reported Subdued Revenue Growth in Recent Years

    AIMCO (AIV) generates revenue primarily from leasing apartments to residents. Other revenues include management fees based on the revenues of the properties being managed.

    By Peter Barnes
  • uploads///C PICS
    Company & Industry Overviews

    Camden Property Trust: Its History and Its Business

    Camden Property Trust (CPT) is the fifth largest apartment REIT in the United States. At the end of fiscal 2014, it had 181 multifamily properties comprised of 63,163 apartment homes.

    By Peter Barnes
  • uploads///C PICS
    Company & Industry Overviews

    Investing in Apartment Investment & Management Company

    Apartment Investment & Management Company (or AIMCO) (AIV) is a self-administered, self-managed REIT. It’s one of the largest owners and operators of apartment communities in the United States.

    By Peter Barnes
  • uploads///C STARWOOD
    Earnings Report

    Equity Residential Plans to Sell Apartment Units to Starwood Capital

    On October 26, Equity Residential announced its plans to sell 72 properties in five markets to Starwood Capital. This includes 23,262 apartment units.

    By Peter Barnes
  • uploads///C AVG RENTAL
    Earnings Report

    AvalonBay Struggled to Increase Occupancy Rates in 3Q15

    AvalonBay’s established communities’ occupancy rate fell by 0.4% year-over-year to 95.3% in 3Q15. This is the lowest occupancy level recorded by the company in the last 14 quarters.

    By Peter Barnes
  • uploads///C EV EBITDA
    Company & Industry Overviews

    Why UDR Trades at a Higher EV/EBITDA Multiple

    A closer look at UDR’s EV/EBITDA multiple shows that, over the last seven years, UDR’s EV/EBITDA was 12.9x–23.8x. Its current EV/EBITDA is around 22.3x.

    By Peter Barnes
  • uploads///C VAL
    Company & Industry Overviews

    Why Essex Property Trust Trades at a High Price-to-FFO Multiple

    A close look at Essex Property Trust’s trailing-12-month price-to-FFO multiple shows that it’s in line with its historical valuation.

    By Peter Barnes
  • uploads///C BRE
    Company & Industry Overviews

    Why Did Essex Property Trust Merge with BRE Properties?

    Essex Property Trust merged with BRE Properties for the opportunity to acquire a highly complementary apartment portfolio concentrated in its target markets.

    By Peter Barnes
  • uploads///C Milstones
    Company & Industry Overviews

    Investing in Essex Property Trust: A Must-Read Company Overview

    Essex Property Trust is one of the largest apartment REIT companies in the United States with a market capitalization of $14.4 billion.

    By Peter Barnes
  • uploads///Chart  Brands
    Company & Industry Overviews

    What Are the Major Brands of AvalonBay Communities?

    AvalonBay Communities’ brands focus on consumer preference as well as location and price. They help differentiate its apartments from the competition.

    By Peter Barnes
  • uploads///Chart  Debt
    Company & Industry Overviews

    Equity Residential Has a Moderate Debt-to-Equity Ratio

    Equity Residential’s debt-to-equity ratio reached its high of 1.96 in 2008. Since then, it has fallen consistently from 1.72 in 2009 to 0.96 as of June 2015.

    By Peter Barnes
  • uploads///Chart  Map
    Company & Industry Overviews

    An Overview of AvalonBay Communities’ Geographic Coverage

    The distribution of properties in attractive US coastal markets reflects AvalonBay Communities’ geographic diversification strategy.

    By Peter Barnes
  • uploads///Chart  Milestones
    Company & Industry Overviews

    Investing in AvalonBay Communities: A Must-Know Company Overview

    AvalonBay Communities is a REIT focused on developing, redeveloping, acquiring, and managing high-quality apartment communities in high barrier-to-entry US markets.

    By Peter Barnes
  • uploads///Chart  Cost
    Company & Industry Overviews

    What Was Equity Residential’s Cost Structure?

    Equity Residential’s (EQR) consolidated cost was $1.69 billion for fiscal 2014—down by 9.70% over 2013. This came after a 52% rise in the total cost in 2013.

    By Peter Barnes
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