Essex Property Trust (ESS) Q3 2026 Earnings

Yes. Essex Property Trust reported Q3 2026 earnings of $1.52 a share on Oct 27, 2026, beating the $1.47 consensus estimate by 3.1%. Revenue was $492.7M against a $491.0M estimate.

Essex Property Trust delivered a clean beat to open its third-quarter 2026 report, with GAAP diluted EPS of $1.52 clearing the $1.47 consensus by 3.06% and revenue of $492.69 million edging past estimates by 0.35% on 4.1% year-over-year growth. The headline GAAP figure, which includes a $10.71 million impairment loss, a $6.80 million gain on real estate and land sales, and a $5.80 million gain on co-investment community dispositions, fell 40.6% from a year ago, when larger real estate sale gains inflated the prior-year comparison. The more closely watched Core FFO came in at $4.00 per diluted share, landing $0.01 above the midpoint of management's own prior guidance, with same-property revenue growth of 3.0% and Northern California's 5.4% revenue gain doing much of the heavy lifting. West Coast market dynamics, including constrained new multifamily supply, continue to support occupancy, which held at 96.3%. Encouraged by the momentum, Essex raised its full-year Core FFO guidance midpoint to $16.16 per share and lifted its same-property NOI growth target to a 3.0% midpoint.