Essex Property Trust, Inc.

Strong Financial Performance: Essex Property Trust reported same-property revenue growth of 3.3% and core FFO growth of 3.8% for 2024, both exceeding original guidance and indicating robust demand driven by return-to-office trends and effective management resolution of delinquency issues.

2025 Guidance and Market Forecast: For 2025, Essex projects same-property revenue growth of approximately 3% with blended rent growth of 3% by year-end. Notably, urban markets such as LA are expected to experience modest improvement from a challenging 2024, with rent growth projected at around 2%.

Concerns Over Regulatory Environment: The company highlighted potential regulatory risks, particularly in Los Angeles, with discussions around eviction moratoriums and rent freeze proposals causing uncertainty. These factors could represent headwinds that affect overall growth if enacted more severely than currently anticipated.