The company said diluted Net Income per share for Q4 2024 was $4.00 (compared with $1.02 a year earlier), and Core FFO was $3.92 (compared with $3.83 a year earlier). For the full year, diluted Net Income per share was $11.54 (2023 $6.32), and Core FFO was $15.60 (2023 $15.03).

1. 01

   The company said diluted Net Income per share for Q4 2024 was $4.00 (compared with $1.02 a year earlier), and Core FFO was $3.92 (compared with $3.83 a year earlier). For the full year, diluted Net Income per share was $11.54 (2023 $6.32), and Core FFO was $15.60 (2023 $15.03).

2. 02

   Essex said same-property revenues and NOI rose 2.6% and 1.7%, respectively, year over year in Q4 2024, and 3.3% and 2.6%, respectively, for the full year 2024, both exceeding the high end of its original guidance range.

3. 03

   The company said it acquired or increased its ownership interest in 13 apartment communities in 2024 for a total contract price of $1.4 billion on a gross basis ($849.4 million at pro rata), and sold one apartment community for $252.4 million on a gross basis ($205.7 million at pro rata).

4. 04

   The company set full-year 2025 diluted Core FFO per share at $15.56 to $16.06 (midpoint $15.81), and said Q1 Core FFO is $3.86 to $3.98 (midpoint $3.92).

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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