Essex Property Trust, Inc. Q2 adjusted earnings Beat Estimates

(RTTNews) - Essex Property Trust, Inc. (ESS) revealed a profit for second quarter that decreased from the same period last year.

The company's earnings totaled $64.85 million, or $1.00 per share. This compares with $84.46 million, or $1.29 per share, in last year's second quarter.

Excluding items, Essex Property Trust, Inc. reported adjusted earnings of $204.94 million or $3.04 per share for the period.

Analysts had expected the company to earn $0.84 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Essex Property Trust, Inc. earnings at a glance:

-Earnings (Q2): $204.94 Mln. vs. $213.69 Mln. last year. -EPS (Q2): $3.04 vs. $3.16 last year. -Analysts Estimate: $0.84

-Guidance: Full year EPS guidance: $5.42 - $5.66