AI English summary of an SEC filing — figures as filed

The company said its net income per diluted share for Q1 2026 was $1.65, down from $3.16 a year earlier. It attributed the decline mainly to gains on sales of real estate and land recognized in Q1 2025.

8-KResults of Operations and Financial ConditionFiled Apr 28, 2026Period of report Apr 28, 2026Summary published (UTC) Oct 26, 2026

Key points

AI summary

The company said its net income per diluted share for Q1 2026 was $1.65, down from $3.16 a year earlier. It attributed the decline mainly to gains on sales of real estate and land recognized in Q1 2025.
Essex reported Core FFO per diluted share of $4.06 for Q1 2026, up 2.3% from $3.97 a year earlier, and Total FFO of $4.17, up 5.0%. The company said Core FFO exceeded the midpoint of its guidance by $0.11.
The company said same-property revenue for Q1 2026 rose 2.9% from a year earlier, and same-property NOI rose 4.1%. On a sequential basis, they improved 0.7% and 1.3%, respectively.
Essex said it repurchased $61.9 million of common stock year to date, including commissions, at an average price of $243.76 per share. It said immediately available liquidity was over $1.7 billion as of March 31, 2026.

Summary

AI-written

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.

Net Income per Diluted Share Falls to $1.65 in Q1 from $3.16 a Year Earlier

The company said its net income per diluted share for Q1 2026 was $1.65, down from $3.16 a year earlier. It attributed the decline mainly to gains on sales of real estate and land recognized in Q1 2025.

Source · Based on the filing body and exhibits

Core FFO per Diluted Share at $4.06, Total FFO at $4.17

Essex reported Core FFO per diluted share of $4.06 for Q1 2026, up 2.3% from $3.97 a year earlier, and Total FFO of $4.17, up 5.0%. The company said Core FFO exceeded the midpoint of its guidance by $0.11.

Source · Based on the filing body and exhibits

Same-Property Revenue Up 2.9%, NOI Up 4.1%

The company said same-property revenue for Q1 2026 rose 2.9% from a year earlier, and same-property NOI rose 4.1%. On a sequential basis, they improved 0.7% and 1.3%, respectively.

Source · Based on the filing body and exhibits

Buybacks Total $61.9 million, Liquidity Exceeds $1.7 billion

Essex said it repurchased $61.9 million of common stock year to date, including commissions, at an average price of $243.76 per share. It said immediately available liquidity was over $1.7 billion as of March 31, 2026.

Source · Based on the filing body and exhibits

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

View the original filing on SEC EDGAR ↗

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