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Essex Property Trust is well-positioned to gain from the robust West Coast market, driven by healthy demand for residential rental units due to high home ownership costs. The company is leveraging technology and operational capabilities to drive margin expansion and improve efficiency. However, elevated supply in certain markets and a concentrated portfolio pose challenges. Analysts are bullish on the stock, with a Zacks Consensus Estimate for 2025 FFO per share revised upward to $15.97.

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