Loading…
Loading…
Sentiment · FY2026 Q1
| Analyst | Firm | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| Haendel Juste | Mizuho Securities | 13 | 0% |
| Alex Goldfarb | Piper Sandler | 12 | 33% |
| Austin Wurschmidt | KeyBanc Capital Markets | 12 | 0% |
| John Kim | BMO Capital Markets | 11 | 0% |
| Jamie Feldman | Wells Fargo | 10 | 10% |
| Brad Heffern | RBC Capital Markets | 10 | 0% |
| Nick Yulico | Scotiabank | 10 | 0% |
| John Pawlowski | Green Street | 9 | 0% |
| Rich Anderson | Wedbush Securities | 9 | 11% |
| Julien Blouin | Goldman Sachs | 8 | 13% |
| Firm | Analysts | Questions | ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|---|
| BMO Capital Markets | 2 | 13 | 0% |
| Citigroup | 2 | 13 | 8% |
| Mizuho Securities | 1 | 13 | 0% |
| KeyBanc Capital Markets |
| 1 |
| 12 |
| 0% |
| Piper Sandler | 1 | 12 | 33% |
| Green Street | 2 | 11 | 0% |
| RBC Capital Markets | 1 | 10 | 0% |
| Scotiabank | 1 | 10 | 0% |
Essex reported Q1 2026 core FFO exceeding the high end of guidance by $0.11 on both revenue and expense beats, with same-property revenue growing 2.9%, 50 basis points ahead of plan. Northern California was the best-performing region with 3.2% Q1 blended rates and affordability runway, while Seattle flipped positive in March after a slow start. The structured finance headwind was effectively completed, and management reaffirmed guidance citing macro uncertainty, while pivoting to share buybacks at an attractive $243.76 average price.
Demand | Revenue Growth | Capital Allocation | Competitive Dynamics | Regulation Policy | Labor Market | Guidance Reliability | Geographic Expansion | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 11 | 7 | 4 | 3 | 4 | 1 | 1 | |
| 2025Q1 | 8 | 6 | 3 | 6 | 2 | 1 | 1 | 2 |
| 2025Q2 | 9 | 7 | 8 | 3 | 2 | 2 | 4 | 2 |
| 2025Q3 | 8 | 5 | 6 | 6 | 3 | 6 | 1 | 3 |
| 2025Q4 | 13 | 10 | 11 | 4 | 4 | 4 | 4 | 1 |
| 2026Q1 | 9 | 9 | 10 | 5 | 1 | 2 | 3 | 2 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 11 | 8 | 9 | 8 | 13 | 9 |
| Revenue Growth | 7 | 6 | 7 | 5 | 10 | 9 |
| Capital Allocation | 4 | 3 | 8 | 6 | 11 | 10 |
| Competitive Dynamics | 3 | 6 | 3 | 6 | 4 | 5 |
| Regulation Policy | 4 | 2 | 2 | 3 | 4 | 1 |
| Labor Market | 1 | 1 | 2 | 6 | 4 | 2 |
| Guidance Reliability | 1 | 4 | 1 | 4 | 3 | |
| Geographic Expansion | 1 | 2 | 2 | 3 | 1 | 2 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
ESS Essex Property Trust | 5 | +1.5% | |
| AVB AvalonBay Communities | 6 | +3.3% | |
| CPT Camden Property Trust | 5 | +0.1% | |
| EQR Equity Residential | 5 | +2.5% | |
| INVH Invitation Homes | 6 | +8.8% | |
| MAA Mid-America Apartment Communities | 5 | +0.8% | |
| UDR UDR, Inc. | 5 | +0.9% |