Essex Property Trust forecasts 2026 same-property NOI growth of 2.3%-3.3% - ESS News | RalliesEssex Property Trust forecasts 2026 same-property NOI growth of 2.3%-3.3%
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ESS• 2026 same-property outlook
- Essex Property Trust expects same-property portfolio cash-basis revenue growth of 2.5%-3.1% in 2026, midpoint 2.8%.
- Cash-basis same-property NOI growth outlook is 2.3%-3.3%, midpoint 2.8%, based on 52,135 apartment homes.
- Operating expense growth is guided at 2.5%-3.0% on a cash basis, midpoint 2.8%; first-half expense growth ran 1.5%.
- Management expects rent growth to moderate through the rest of 2026, citing normal seasonality in leasing trends.
- Based on leasing through August, 2027 revenue “earn-in” is estimated at about 150 basis points, up 65 basis points year over year.
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