05:19 PM EDT, 04/30/2024 (MT Newswires) -- Essex Property Trust ( ESS ) reported Q1 core funds from operations late Tuesday of $3.83 per diluted share, up from $3.65 per share a year earlier.

Analysts polled by Capital IQ expected $3.75.

Revenue for the quarter ended March 31 rose to $426.9 million from $412.4 million a year earlier. Analysts surveyed by Capital IQ expected $421.9 million.

For Q2, the company expects core FFO of $3.77 to $3.89 per share. The consensus is for $3.81.

For 2024, Essex Property ( ESS ) said it now expects core FFO of $15.03 to $15.43 per share, compared with its prior range of $14.76 to $15.30. Analysts are looking for $15.15.

The company's shares were down 1.9% in after-hours activity.

Price: 241.68, Change: -4.57, Percent Change: -1.86