Earnings call transcript: Essex Property Trust misses Q2 2026 EPS, raises outlook

Essex Property Trust (ESS) reported Q2 2026 earnings per share of $0.97, missing the $1.45 forecast, though revenue was in line with expectations. Despite the EPS miss, the company raised its full-year Core FFO guidance by $0.20 due to stronger operating performance, particularly in Northern California. Shares fell in after-hours trading as investors weighed the profit miss against the improved guidance and healthy rent growth in key West Coast markets.