Essex Property Trust Inc. Reports Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2018; Provides Earnings Guidance for the Full Year of 2019
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%.