Key Developments: Essex Property Trust Inc (ESSFP.PK)

ESSFP.PK on OTC Markets Group - US Other OTC and Grey Market

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29 Sep 2010
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Latest Key Developments (Source: Significant Developments)

Essex Property Trust, Inc declares regular quarterly cash dividend
Tuesday, 26 May 2015 04:01pm EDT 

Essex Property Trust, Inc;:Declares regular quarterly cash dividend of $1.44 per common share.Payable July 15, to shareholders of record as of June 30.  Full Article

Essex Property Trust Inc announces changes to management team
Wednesday, 6 May 2015 04:02pm EDT 

Essex Property Trust Inc:Says Michael Dance, CFO, plans to retire on Sept. 30.Appoints Angela Kleiman, Senior Vice President of portfolio management, to succeed Michael Dance.  Full Article

Essex Property Trust Inc raises FY 2015 Core FFO guidance
Wednesday, 6 May 2015 04:01pm EDT 

Essex Property Trust Inc:Revises full year Core FFO guidance range from $9.25 to $9.55 to a range of $9.36 to $9.60, raising the midpoint by $0.08.FY 2015 FFO of $9.40 - Thomson Reuters I/B/E/S.  Full Article

Essex Property Trust Inc prices $500 million senior unsecured notes due April 1, 2025
Tuesday, 10 Mar 2015 07:52pm EDT 

Essex Property Trust Inc:Says that its operating partnership, Essex Portfolio, L.P., priced $500 million aggregate principal amount of senior unsecured notes at interest rate per annum of 3.500 pct.Notes were offered to investors at price of 99.747 pct. of par value with yield to maturity of 3.530 pct.Interest is payable semiannually on April 1 and Oct. 1 with first interest payment due Oct. 1.Notes mature on April 1, 2025.Notes will be the senior unsecured obligations of the operating partnership and will be fully and unconditionally guaranteed by Essex Property Trust, Inc.Notes offering is expected to close on March 17, 2015.Operating partnership expects to use net proceeds to repay indebtedness under its unsecured line of credit facility, its unsecured working capital line of credit facility and for other general corporate and working capital purposes.Wells Fargo Securities, Citigroup, J.P. Morgan, MUFG, and US Bancorp served as joint book-running managers.Barclays, BNP PARIBAS, Deutsche Bank Securities, and UBS Investment Bank served as senior co-managers.And BB&T Capital Markets, BMO Capital Markets, Capital One Securities, Comerica Securities, HSBC, PNC Capital Markets LLC, and Regions Securities LLC served as co-managers for the offering.  Full Article

Essex Property announces acquisition in Downtown Los Angeles
Friday, 27 Feb 2015 04:01pm EST 

Essex Property Trust Inc:Says the purchase of 8th & Hope, an apartment community located in the core of downtown Los Angeles, for a contract price of $200 mln.Property is centrally situated near high paying jobs in the financial district, shopping, entertainment, and restaurants.  Full Article

Essex Property Trust Inc announces 21st consecutive annual dividend increase
Wednesday, 25 Feb 2015 04:01pm EST 

Essex Property Trust Inc:Approved a $0.56 per share annualized increase to its regular cash dividend.Says the first quarter dividend distribution, payable on April 15, 2015 to shareholders of record as of March 31, 2015, will be $1.44 per share.Declared dividend represents a 10.8 pct increase over the Company's prior quarterly dividend.  Full Article

Essex Property Trust Inc gives FY 2015 FFO guidance in line with analysts' estimates
Wednesday, 4 Feb 2015 04:15pm EST 

Essex Property Trust Inc:Expects FY 2015 core FFO per diluted share guidance range to $9.25 - $9.55.Expects FY 2015 total FFO per diluted share guidance range to $9.11 - $9.44.FY 2015 FFO of $9.36 - Thomson Reuters I/B/E/S.  Full Article

Essex Property Trust declares quarterly distributions
Wednesday, 17 Dec 2014 04:00pm EST 

Essex Property Trust:Declares a regular quarterly cash dividend of $1.30 per common share.Payable Jan. 15, 2015 to shareholders of record as of Jan. 02, 2015.Board also declared a regular quarterly distribution for its Series H Preferred Stock for the fourth quarter of 2014 in the amount of $0.44531 per share.Payable on Jan. 15, 2015 to Series H preferred stockholders of record on Jan. 02, 2015.  Full Article

Essex Property Trust Inc raises FY 2014 FFO outlook
Thursday, 30 Oct 2014 04:01pm EDT 

Essex Property Trust Inc:Raises FY 2014 Core FFO per diluted share guidance range to $8.43 to $8.52, raising the midpoint by $0.09 per share.FY 2014 FFO of $7.40 - Thomson Reuters I/B/E/S.  Full Article

Essex Property Trust Inc declares quarterly distributions
Wednesday, 10 Sep 2014 06:00pm EDT 

Essex Property Trust Inc:Declares regular quarterly cash dividend of $1.30 per common share.Payable Oct. 15 to shareholders of record as of Sept. 30.Also declares regular quarterly distribution for Series H Preferred Stock for third quarter of 2014 in the amount of $0.44531 per share.Payable on Oct. 15 to Series H preferred stockholders of record on Oct. 01.  Full Article

Fitch Affirms Essex Property Trust's IDR at 'BBB+'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, April 17 (Fitch) Fitch Ratings has affirmed its 'BBB+' Issuer Default Rating (IDR) for Essex Property Trust, Inc. (NYSE: ESS) and its operating partnership, Essex Portfolio, L.P. (collectively, Essex, or the company). A full list of rating actions follows at the end of this release. The Rating Outlook is Stable. KEY RATING DRIVERS Fitch's ratings for Essex consider the company's strong multifamily portfolio position within

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