Residential REITs are likely to have gained from portfolio diversification and technological initiatives in Q1, though high supply and elevated interest rates are likely to have acted as dampeners.
While Essex Property's (ESS) Q1 results are likely to show the benefits of a solid property base and technological initiatives, elevated supply and higher interest expenses might have limited the growth tempo.
Essex Property Trust (ESS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.