Essex Property Trust Inc (STU:EXP)
€ 287.1 -1.6 (-0.55%) Market Cap: 18.42 Bil Enterprise Value: 24.40 Bil PE Ratio: 35.16 PB Ratio: 3.56 GF Score: 82/100
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Q3 2024 Essex Property Trust Inc Earnings Call Transcript

Oct 30, 2024 / 05:00PM GMT
Release Date Price: €270.8 (-0.26%)
Operator

Ladies and gentlemen, good afternoon, and welcome to the Essex Property Trust third-quarter 2024 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Angela Kleiman, President and CEO. Please go ahead, ma'am.

Angela Kleiman
Essex Property Trust Inc - President, Chief Executive Officer, Director

Good morning. Thank you for joining Essex's third quarter earnings call. Barb Pak will follow with prepared remarks, and Roland Burns is here for Q&A.

We are pleased to report our third guidance raise this year as a result of another healthy quarter with core FFO per share exceeding the midpoint of our guidance range. Today, my comments will focus on our performance year-to-date preliminary considerations for 2025 and an update on the investment market.

Starting with highlights to date. Notable milestones this year include record low turnover, excellent progress resolving delinquency, and positive inflection points in several key demand drivers.

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