VRAI - Essex Property Trust: Hefty West Coast Dividend Checks

• Essex Property Trust is an S&P REIT focused on the West Coast rental market with a long track record of delivering outstanding shareholder returns.
• The company pays an annual dividend of $8.80/share, and they have been growing the annual payout for 28 consecutive years.
• Shares are currently trading at their lows and are underperforming the broader S&P index on a YTD basis.
• Favorable return-to-work trends in the region, in addition to affordability and supply-related constraints with respect to homeownership are a few tailwinds in Essex's operating regions.
• At current pricing, shares offer modest upside potential along with reliable dividend growth that is unlikely to be impacted by any near-term challenges.

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