Essex Property Trust (ESS) reported $464.58 million in revenue for the quarter ended March 2025, representing a year-over-year increase of 8.8%. EPS of $3.97 for the same period compares to $4.25 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $459.78 million, representing a surprise of +1.05%. The company delivered an EPS surprise of +1.28%, with the consensus EPS estimate being $3.92.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Essex Property Trust performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Financial Occupancies - Same-Property Portfolio: 96.3% versus 96% estimated by four analysts on average.
• Revenues- Rental and other property: $462.09 million versus the eight-analyst average estimate of $456.98 million. The reported number represents a year-over-year change of +8.9%.
• Revenues- Management and other fees from affiliates: $2.49 million versus $2.36 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a -8.1% change.
• Revenues- Rental and other property- Rental income: $455.86 million versus $455.74 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.3% change.
• Revenues- Rental and other property- Other property: $6.23 million compared to the $6.83 million average estimate based on two analysts. The reported number represents a change of -10.8% year over year.
• Net Earnings Per Share (Diluted): $3.16 versus $1.37 estimated by eight analysts on average.

View all Key Company Metrics for Essex Property Trust here>>>

Shares of Essex Property Trust have returned -9.5% over the past month versus the Zacks S&P 500 composite's -0.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Essex Property Trust, Inc. (ESS) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research