8-KOther EventsExhibits & Filings

ESSEX PROPERTY TRUST, INC. 8-K Report, Corporate Update (Feb 5, 2009)

Filed February 5, 2009For Securities:ESS

Summary

Essex Property Trust, Inc. (ESS) announced its 2009 earnings per share (EPS) and Funds From Operations (FFO) per diluted share estimates on February 5, 2009. This current report (8-K) primarily serves to incorporate by reference the press release containing these forward-looking estimates. Investors should review the referenced press release for the specific quantitative guidance provided by the company for the upcoming fiscal year. The filing itself is brief and does not contain detailed financial statements or new operational data, but the disclosed estimates are crucial for investors assessing the company's expected financial performance and valuation. The guidance issued reflects management's expectations for the business environment and operational results in 2009.

Key Highlights

  • 1Essex Property Trust (ESS) issued 2009 earnings per share (EPS) estimates.
  • 2The company also provided 2009 Funds From Operations (FFO) per diluted share estimates.
  • 3These estimates were formally announced via a press release dated February 5, 2009.
  • 4The 8-K filing incorporates this press release by reference.
  • 5Investors are directed to the press release (Exhibit 99.1) for the specific numerical guidance.
  • 6The filing does not contain new financial statements or detailed operational disclosures beyond the estimates.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce and incorporate by reference Essex Property Trust's (ESS) 2009 estimates for Earnings per Share (EPS) and Funds From Operations (FFO) per diluted share, which were released in a press release on February 5, 2009.

The specific 2009 EPS and FFO per diluted share estimates are detailed in the press release issued by Essex Property Trust on February 5, 2009, which is attached as Exhibit 99.1 to this 8-K filing.

No, this 8-K filing primarily serves to report the forward-looking financial estimates for 2009. It does not include new financial statements or other detailed operational updates beyond the press release containing these estimates.

Funds From Operations (FFO) is a key non-GAAP metric used by the Real Estate Investment Trust (REIT) industry to measure operating performance. It adjusts net income to account for depreciation and amortization of real estate, which are non-cash expenses, and gains or losses from property sales. FFO is generally considered a better indicator of a REIT's ability to generate cash from its operations than traditional GAAP net income.