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Essex Property Trust Inc. Q3 adjusted earnings Beat Estimates

Essex Property Trust Inc. (ESS) reported earnings for its third quarter that climbed from last year.

The company's profit came in at $80.98 million, or $1.22 per share. This compares with $79.72 million, or $1.21 per share, in last year's third quarter.

Excluding items, Essex Property Trust Inc. reported adjusted earnings of $215.21 million or $3.15 per share for the period.

Analysts had expected the company to earn $1.11 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

Essex Property Trust Inc. earnings at a glance:

-Earnings (Q3): $215.21 Mln. vs. $204.04 Mln. last year.
-EPS (Q3): $3.15 vs. $2.98 last year.
-Analysts Estimate: $1.11

Next quarter EPS guidance: $3.13 to $3.23
Full year EPS guidance: $12.51 - $12.61

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