Essex Property beats as West Coast stays hot

• Q1 core FFO of $181.7M or $2.68 per share vs. $152.6M and $2.29 one year ago. Expectations were for $2.50.
• Same-property revenue growth of 7.3%, and NOI growth of 8.8%.
• Q2 core FFO guidance of $2.61-$2.71 per share. Full-year core FFO per share guidance of $10.72-$11.12 is reaffirmed.
• Source: Press Release
• NYSE:ESS flat after hours