A sturdy property base in the West Coast market with favorable demand drivers is likely to aid ESS. Technology initiatives and a healthy balance sheet bode well.
SAN MATEO, Calif., August 19, 2024--Essex Property Trust, Inc. (NYSE: ESS) ("Essex") announced today that its operating partnership, Essex Portfolio, L.P. (the "Issuer"), priced an underwritten public offering of $200 million in additional senior notes due 2034 with a reoffer yield of 5.110% (the "notes"). The notes will be issued as additional notes under the indenture pursuant to which the Issuer previously issued $350 million of 5.500% senior notes due 2034 (the "initial notes"). The notes wi
Essex Property (ESS) is likely to benefit from its strong property base on the West Coast, favorable demographics and a solid balance sheet.