Essex Property Trust, Inc. (ESS) Q1 2025 Earnings Call

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WEBVTT 00:00:01.752 -- 00:00:07.419 Good day and welcome to Essex Property Trust first quarter 2025 earnings 00:00:07.419 -- 00:00:08.821 call. 00:00:08.821 -- 00:00:12.986 As a reminder, today's conference call is being recorded. 00:00:12.986 -- 00:00:18.193 Statements made on this conference call regarding expected operating results and other 00:00:18.193 -- 00:00:23.917 future events are forward-looking statements that involve risk and uncertainties. 00:00:23.940 -- 00:00:29.339 Forward-looking statements are made based on current expectations assumptions and beliefs 00:00:29.339 -- 00:00:34.104 as well as information available to the company at this time. 00:00:34.104 -- 00:00:40.332 A number of factors could cause actual results to differ materially from those anticipated. 00:00:40.332 -- 00:00:45.117 Further information about these risks can be found on the company's filings with the 00:00:45.117 -- 00:00:47.117 SEC. 00:00:47.180 -- 00:00:50.083 It is now my pleasure to introduce your host, Ms. 00:00:50.083 -- 00:00:55.470 Angela Kleiman, President and Chief Executive Officer for Essex Property 00:00:55.470 -- 00:00:59.542 Trust, Thank you, Ms. Kleiman. You may begin. 00:01:00.505 -- 00:01:03.108 Welcome to Essex First Quarter Earnings Call. 00:01:03.108 -- 00:01:07.813 Today, I will cover highlights from the quarter, our near-term outlook, and provide an 00:01:07.813 -- 00:01:12.919 update on the investment market. Barb Haque will follow with prepared remarks, and Rylan 00:01:12.919 -- 00:01:15.780 Burns is here for Q&A. 00:01:16.083 -- 00:01:21.049 We reported a healthy first quarter with core FFO per share exceeding the midpoint of 00:01:21.049 -- 00:01:26.205 our guidance range. Additionally, We are pleased to start the year with $345 00:01:26.205 -- 00:01:...