ESSEX PROPERTY TRUST, INC.

Essex Property Trust (ESS) reallocated its portfolio, selling older Southern California properties and acquiring newer ones in Northern California to capitalize on anticipated higher rent growth and lower supply [3], [4]. This move is expected to be net neutral to the 2025 Core FFO [3], [4]. ESS also reported increased Q4 2024 revenue and CFFO, driven by strong same-property revenue growth, and increased its quarterly dividend by 4.9%, marking 30 years of consecutive dividend growth [1], [2]. While these are positive developments, external factors like market volatility and potential rent control regulations pose challenges [6]. Q1 2025 earnings will be released on April 29th, with a conference call on April 30th [5].