Essex Property Trust (ESS) 2015年年度报告「NYSE」.pdf

1、2015 ANNUAL REPORT0%16%14%12%10%8%6%4%2%Annual Total ReturnAnnual NAV Per Share GrowthESSPeer Average10 YEARS OF COMPOUND ANNUAL OUTPERFORMANCE RELATIVE TO PEER GROUPEssex has remained committed to its founding strategy of investing in apartment communities in supply-constrained West Coast markets.O

2、ur unique position as the only pure-play publicly traded multifamily REIT dedicated exclusively to the West Coast sets us apart from our peers and has led to superior total returns for our shareholders.Our research driven approach to asset allocation,definitive strategy,and dedicated and highly expe

3、rienced management team positions us well to create long-term value for our shareholders.THE PROVEN LEADER IN WEST COAST APARTMENTSSource:SNL Financial and Green Street Advisors.Annual Total Return and Net Asset Value(NAV)per share growth are for the 10-year period ending 12/31/15.Peer average repre

4、sents 7 multifamily REITs.AVANT IN LOS ANGELES,CADEAR FELLOW SHAREHOLDERSOVERVIEWIn 2015,Essex delivered yet another year of sector-leading results.For the year,Core Funds from Operations(“Core FFO”)per diluted share,a primary operating metric,grew 15.0%,the fifth consecutive year of double-digit gr

5、owth.Extraordinary job growth and vibrant economic conditions in coastal California and Seattle,coupled with limited new housing supply,fueled robust apartment operating fundamentals.These positive con-ditions drove same-property revenue growth of 8.0%,the highest level reached in the last 15 years.

6、Internal and external accom-plishments achieved throughout the year led to an 18.9%total return to shareholders,which exceeded both the NAREIT Apartment and All Equity REIT indices.In 2015 we surpassed our operational goals in each major seg-ment of the Company.During the year,the Company acquired s