John Kim
BMO Capital Markets Fairness Analysis
Okay. Thanks a lot for becoming a member of us immediately. My title is John Kim with BMO Capital Markets. It’s my pleasure to be internet hosting this panel presentation with Essex Property Belief, one of many preeminent multifamily house owners.
With me immediately, Angela Kleiman, CEO and President; to the far left, Barb Pak, Chief Monetary Officer; and in between, Rylan Burns, CIO.
I feel at the moment, we’re simply going to cross it off to Angela for some opening remarks, after which we’ll go to Q&A.
Angela Kleiman
President, CEO & Director
Nice. Thanks, John, and welcome, everybody, to the Essex presentation. Only a high-level overview. Essex is an S&P 500 firm and the one public firm devoted to the West Coast geography. Now we have our market cap, which is about $25 billion. We personal someplace round 258 items — house buildings, slightly over 63,000 items throughout our footprint. And we have now generated a 32 years of consecutive dividend progress, incomes us the Dividend Aristocrat standing. So we’re fairly happy with that.
A few of the differentiating elements with the West Coast is admittedly pushed by the basics, and the important thing one being that we have now — we produced a low quantity of housing provide. And at the moment, really, we’re sitting at a historic low. Now we have about 40 foundation factors of whole provide proper now. And usually, it is about 70 foundation factors. And that is vital as a result of it gives a really protected foundation when it comes to the place the financial system is. We do not want a
