(RTTNews) -  Essex Property Trust Inc. (ESS: News ) announced that its third-quarter net income available to common stockholders totaled $21.7 million or $0.74 per share, compared to net income available to common stockholders of $11.4 million, or $0.45 per share in the year ago quarter.

Funds from Operations for the quarter totaled $50.8 million, or $1.69 per share compared to $42.1 million, or $1.51 per share last year. The Company's FFO, excluding non-recurring items, totaled $38.0 million, or $1.26 per share, compared to $42.3 million, or $1.52 per share in the year ago quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of $1.26 per share for the quarter. Analysts' estimates typically exclude special items.
The Company increased its previous full year 2009 FFO Guidance of $6.20 to $6.40 per share, to a range of $6.72 to $6.82 per share. Analysts expect the company to report earnings of $6.31 per share for fiscal 2009.

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by RTT Staff Writer

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