Essex Property Trust Inc Exceeds Revenue Guidance, Prepares for Steady West Coast Fundamentals in 2026

Essex Property Trust Inc (ESS) reported Q4 2025 earnings, with same property revenue growth at the high end of guidance and strong financial positioning. Northern California outperformed expectations, while Seattle's performance was softer due to corporate layoffs. Occupancy increased to 96.3%, and the company expects steady West Coast fundamentals to deliver solid rent growth in 2026. However, political uncertainty, Seattle tax expenses, and delinquency rates in Los Angeles remain risk factors.