Essex Property Trust forecasts 2026 same-property NOI growth of 2.3%-3.3%

• Essex Property Trust expects same-property portfolio cash-basis revenue growth of 2.5%-3.1% in 2026, midpoint 2.8%.
• Cash-basis same-property NOI growth outlook set at 2.3%-3.3%, midpoint 2.8%, based on 52,135 apartment homes.
• Operating expense growth guided at 2.5%-3.0% on a cash basis, midpoint 2.8%; first-half expense growth ran 1.5%.
• Management expects rent growth to moderate through the rest of 2026, citing normal seasonality in leasing trends.
• Based on leasing through August, 2027 revenue “earn-in” estimated at about 150 basis points, up 65 basis points year over year.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Essex Property Trust Inc. published the original content used to generate this news brief on September 11, 2026, and is solely responsible for the information contained therein.