Essex Property Trust beats Q2 2026 Core FFO guidance, raises full-year forecast, and resolves major litigation risks.

Essex Property Trust reported strong Q2 2026 results, surpassing its Core FFO guidance and raising its full-year Core FFO forecast for the second quarter in a row. The company resolved its two largest litigation issues, which reduces risk and improves its outlook. It maintains a strong balance sheet, is buying back shares opportunistically, and reinvesting capital into high-yield opportunities. The analyst maintains a 'Buy' rating and has increased the price target to $305 per share, reflecting improved fundamentals and lower risk.