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Posted by
Two Blokes Jun 25 -
Filed in
Stock
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2 views
Essex's focus on California and Seattle markets provides insulation from national rental weakness, thanks to limited new supply and strong rental affordability. Q1 results outperformed national trends, with solid revenue growth, sequential rent increases, and improving delinquencies, despite rising expenses like taxes and insurance. Essex's strong balance sheet and disciplined portfolio management enable opportunistic acquisitions, supporting shareholder value and a secure 3.6% dividend yield.
