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Essex Property Trust Inc. Announces Retreat In Q2 Profit

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

The company's earnings came in at $92.28 million, or $1.40 per share. This compares with $100.44 million, or $1.52 per share, in last year's second quarter.

Analysts had expected the company to earn $1.23 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): $92.28 Mln. vs. $100.44 Mln. last year.
-EPS (Q2): $1.40 vs. $1.52 last year.
-Analysts Estimate: $1.23

Full year revenue guidance: $5.84 - $6.02

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