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

its 2025 core funds from operations forecast on Wednesday,

betting on strong rental growth.

The multifamily residential property company, which owns a

portfolio of about 62,000 apartment units across Washington and

California, expects to benefit from higher rents as housing

supply remains constrained in its markets.

Same-property revenue in the third quarter rose 2.7%, with

San Francisco seeing the highest percentage revenue rise of 5%,

compared with a year earlier.

Essex now expects full-year core FFO to range between $15.89

and $15.99 per share from the $15.80 to $16.02 per share it

previously forecast, representing an increase of 3 cents per

share at the midpoint.

On a same-property basis, the REIT projected 2025 operating

expenses to grow in the range of 3% to 3.50% and revenue growth

between 3% and 3.30%.

For the quarter ended September 30, Essex reported FFO of

$4.03 per share, compared with analysts' estimates of $3.96 per

share.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Anil

D'Silva)