The company said diluted net income per share for Q3 2026 was $1.52, down from $2.56 a year earlier, and Core FFO per share rose 0.8% to $4.00. The company cited gains on sale of real estate and land recognized in Q3 2025 as the reason net income declined.

1. 01

   The company said diluted net income per share for Q3 2026 was $1.52, down from $2.56 a year earlier, and Core FFO per share rose 0.8% to $4.00. The company cited gains on sale of real estate and land recognized in Q3 2025 as the reason net income declined.

2. 02

   Essex said same-property revenue for Q3 2026 rose 3.0% from a year earlier, and same-property NOI rose 3.1%. The company said revenue grew 1.0% sequentially, and revenue in Northern California rose 5.4% from a year earlier.

3. 03

   The company set full-year 2026 Core FFO per diluted share guidance at $16.10 to $16.22, with the midpoint up $0.02 from its prior outlook. Net income per diluted share guidance is $5.62 to $5.74, with the midpoint up $0.10.

4. 04

   The company said it sold 3 apartment communities in Q3 2026 for a total pro rata contract price of $111.9 million. It also said that in September 2026 it obtained an unsecured term loan of $275.0 million priced at SOFR plus 0.80%.

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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