Essex Property Trust Inc. reported consolidated earnings results for the fourth quarter and full year ended December 31, 2018. For the quarter, the company reported net income available to common shareholders were $117,820,000 or $1.78 per diluted share compared to $103,613,000 or $1.57 per diluted share a year ago. Earnings from operations were $109,412,000 compared to $112,375,000 a year ago. Net operating income was $252,337,000 against $246,342,000 a year ago.

For the year, the company reported net income available to common shareholders were $390,153,000 or $5.90 per diluted share compared to $433,059,000 or $6.57 per diluted share a year ago. Earnings from operations were $450,128,000 compared to $446,522,000 a year ago. Net operating income was $1,005,536,000 against $978,939,000 a year ago.

For the year 2019, the company expects net income per diluted share to be in the range of $4.81 to $5.21. Gross revenue to be 2.5% to 3.5%. Net operating income to be 2.1% to 3.9%.