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Essex Property Trust beat its core funds from operation per-share guidance in the second quarter due to higher than expected same-property revenues, including stronger net effective rent growth.

In Q2, the Palo Alto, California-based REIT posted year-over-year gains in same-property revenue and net operating income of 3.4% and 3.0%. On the REIT’s Q2 earnings call earlier this month, CEO Angela Kleiman credited strong demand drivers in Essex’s West Coast markets.