Essex Property: Shares Have Further Upside Given Limited Housing Supply (Upgrade)
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Essex Property Trust, Inc. has experienced a 29% increase in shares over the past year due to limited housing supply and higher rental inflation in California. Solid Q4 results and strong demand fundamentals support a bullish outlook for Essex into 2025.
February 06, 2025 | 2:45 pm
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Essex Property Trust's shares have risen by 29% over the past year, driven by limited housing supply and higher rental inflation in California. The company's solid Q4 results, including a 2.3% increase in funds from operations, support a positive outlook.
The limited housing supply and higher rental inflation in California have driven Essex Property Trust's share price up by 29% over the past year. The company's strong Q4 results, including a 2.3% increase in funds from operations, indicate robust financial health. Despite rising costs, strong demand fundamentals and limited housing supply, especially post-wildfires, support a bullish outlook for Essex into 2025.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100