The company said diluted net income per share for Q2 2024 was $1.45, down 6.5% from $1.55 a year earlier, while Core FFO per diluted share rose 4.5% year over year to $3.94.

1. 01

   The company said diluted net income per share for Q2 2024 was $1.45, down 6.5% from $1.55 a year earlier, while Core FFO per diluted share rose 4.5% year over year to $3.94.

2. 02

   The company set its full-year Core FFO outlook at $15.38 to $15.62 per diluted share (midpoint $15.50), and said the midpoint was raised by +$0.27 from the previous midpoint of $15.23.

3. 03

   Essex said same-property revenue and NOI for Q2 rose 3.4% and 3.0%, respectively, from a year earlier, and improved 1.2% and 2.5% sequentially.

4. 04

   The company repaid its $400.0 million unsecured notes at maturity in May and said that as of July 26, 2024, its liquidity, consisting of undrawn unsecured credit facility capacity, cash and cash equivalents, and marketable securities, was approximately $1.1 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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