ESS Q3 FFO & Revenues Miss Estimates Amid Rising Property Expenses
Essex Property Trust (ESS) reported third-quarter 2026 core FFO and revenues that missed analyst estimates, primarily due to rising property expenses. While rental revenues increased, higher operating costs, particularly in maintenance, utilities, and real estate taxes, outpaced revenue growth. Despite the challenges, Northern California markets showed strong performance, and the company raised its full-year core FFO guidance.
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