Essex Property Trust: Limited Supply Enables Further Growth
Portfolio Pulse from
Essex Property Trust has seen a 35% increase in its stock price over the past year due to limited new apartment supply in California and its strategic geographic positioning. The company expects 4-5% growth in FFO and has a fair value target of $320-325.
December 06, 2024 | 11:15 am
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Essex Property Trust has experienced a 35% stock price increase over the past year, supported by limited new apartment supply in California. The company projects 4-5% growth in FFO and has set a fair value target of $320-325.
The limited supply of new apartments in California has positively impacted Essex Property Trust's stock price, which has risen by 35% over the past year. The company's strategic positioning and expected FFO growth of 4-5% further support a positive outlook, with a fair value target of $320-325.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100