8-KOther EventsExhibits & Filings

ESSEX PROPERTY TRUST, INC. 8-K Report, Corporate Update (Jan 9, 2006)

Filed January 9, 2006For Securities:ESS

Summary

Essex Property Trust, Inc. (ESS) filed an 8-K on January 9, 2006, to report on its 2006 Funds From Operations (FFO) per diluted share estimates, which were announced via press release on December 23, 2005. This filing provides investors with forward-looking financial guidance, specifically regarding expected operational performance as measured by FFO. The key takeaway for investors is the company's projection for its 2006 financial performance. While the specific FFO per share figures are detailed in the referenced press release (Exhibit 99.1), this 8-K serves as the official record of that disclosure. Investors should review the accompanying press release for the precise numerical estimates and any accompanying commentary on the factors influencing these projections.

Key Highlights

  • 1Essex Property Trust (ESS) announced its 2006 Funds From Operations (FFO) per diluted share estimates.
  • 2The FFO estimates were communicated via a press release on December 23, 2005.
  • 3This 8-K filing formally incorporates the press release detailing the 2006 financial outlook.
  • 4The filing is made pursuant to Item 8.01 (Other Events) of Form 8-K.
  • 5The press release (Exhibit 99.1) contains the specific FFO per share projections for 2006.
  • 6The report was filed on January 9, 2006, with the earliest event reported being December 23, 2005.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Essex Property Trust's (ESS) estimated Funds From Operations (FFO) per diluted share for the fiscal year 2006, which was previously announced in a press release.

The specific 2006 FFO per share estimates are detailed in the press release issued by Essex Property Trust on December 23, 2005. This press release is included as Exhibit 99.1 to this 8-K filing.

Funds From Operations (FFO) is a key financial metric used by Real Estate Investment Trusts (REITs) to measure their operating performance. It is calculated by taking net income, adding back depreciation and amortization, and subtracting gains from property sales while adding back losses from property sales. FFO is considered a more accurate representation of a REIT's cash flow from operations than net income alone, making it a crucial indicator for investors evaluating REIT profitability and dividend-paying capacity.

The date December 23, 2005, represents the earliest event reported in this 8-K filing. This is the date when Essex Property Trust, Inc. announced its 2006 FFO per diluted share estimates in a press release.