Oct 29 (Reuters) - Essex Property Trust ( ESS ) beat

Wall Street estimates for third-quarter funds from operations

(FFO) on Tuesday, on the back of an outperformance in the

Seattle, Northern California and Southern California markets.

The real estate investment trust, which has a portfolio of

about 62,000 apartment units in the coastal markets of

California and Washington, said it saw favorable same-property

revenue growth across all of its markets during the quarter.

The REIT reported adjusted FFO per share of $3.91 in the

quarter ended Sept. 30, compared to analysts' estimates of $3.88

per share, according to data compiled by LSEG.

Quarterly same-property revenue increased 3.5% from a year

ago.

The California-based company also lifted the lower end of

its full-year 2024 forecast for adjusted FFO to range between

$15.50 to $15.62 per share, from $15.38 to $15.62 apiece

earlier.