Feb. 5 at 2:56 PM
$ESS Q4 FFO miss — but revenue beats! 📉📈
Core FFO came in at
$3.98, missing the Zacks Consensus Estimate of
$4, yet total revenues rose 5.5% year over year to
$479.6M, surpassing expectations. Despite higher interest expenses, same-property NOI growth and both sequential and year-over-year occupancy gains were positives.
See the full breakdown here 👉 https://www.zacks.com/stock/news/2829777/essex-property-q4-core-ffo-lags-estimates-revenues-beat-rise-yy?cid=sm-stocktwits-2-2829777-body-32100&ADID=SYND_STOCKTWITS_TWEET_2_2829777_BODY_32100