Latest news with #EssexPropertyTrustInc
Yahoo
17-05-2025
- Business
- Yahoo
Essex Property Trust, Inc. (ESS) Maintains Steady Dividend: A Reliable High-Yield Pick
Essex Property Trust Inc. (NYSE:ESS) recently announced a new quarterly dividend, staying consistent with its commitment to rewarding shareholders. Aerial view of a large REIT building complex, its facade reflecting the city skyline. Essex Property Trust, Inc. (NYSE:ESS) is an American real estate investment trust (REIT) company, headquartered in California. On May 15, the company declared a quarterly dividend of $2.57 per share, which was consistent with its previous dividend. The company has maintained a steady track record of increasing its dividend payouts every year since going public in 1994, marking 31 years of uninterrupted dividend growth and a total increase of 516% over that period. Additionally, from its IPO through January 2025, Essex delivered a total shareholder return of 5,615%, significantly outperforming the S&P Index's 2,242% and the 1,411% return of the NAREIT All Equity REITs. Essex Property Trust, Inc. (NYSE:ESS) operates as a fully integrated REIT focused on acquiring, developing, redeveloping, and managing apartment communities in markets with limited housing supply, such as Southern California, the San Francisco Bay Area, and the Seattle metro region. The Dividend Aristocrat offers a dividend yield of 3.56%, as of May 17, and will trade ex-dividend on June 30. While we acknowledge the potential of ESS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ESS and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: and Disclosure. None.
Los Angeles Times
11-04-2025
- Business
- Los Angeles Times
Santa Ana Condo Towers Sells for $240M
Essex Property Trust Inc. sold Essex Skyline, which is comprised of two condo towers at 15 MacArthur Place in Santa Ana, for $239.6 million, or $685,000 per unit. The buyer was Crescent Heights, a Miami-based commercial real estate owner and developer. It was the second major sale in Southern California for San Mateo-based Essex, a real estate investment trust. The company also sold the Highridge apartment complex in Rancho Palos Verdes for $127 million in February to Bascom Group. The 25-story towers in Santa Ana were constructed in 2008 as condominiums and were converted into apartments two years later by Essex when it acquired a majority stake in the 350-unit development. It assumed full control in 2012. It simultaneously announced the acquisition of three apartment properties in Northern California for an aggregate value of $345 million. 'We are pleased to announce a productive first quarter of acquisitions and disposition,' said Angela Kleiman, chief executive of Essex Property Trust, in a statement. 'The newly acquired properties will seamlessly integrate into our existing property collections operating model.' Information for this article was sourced from Essex Property Trust.
