The current quarter saw Essex raise its Core FFO per share guidance by $0.10 and increase same-property NOI growth expectations, while the previous quarter maintained guidance amid macro uncertainty.

Second quarter earnings season is in full swing, and the results have been largely positive so far, with more positive surprises than negative ones.

National Bank Financial analyst Michael Doumet, who has an “outperform” (buy) and $7.50 price target on the stock, said he was expecting a small cut to guidance given the company’s cautious outlook in ...