Essex Property Trust to buy back stock

Palo Alto’s Essex Property Trust Inc. (ESS) will buy back up to $200 million in shares using working capital or proceeds from the sale of properties, company officials announced Thursday.

The exact timing and amount of stock repurchases will depend on market pricing and other factors, but this program supersedes one announced in 2001.

Essex had 27,874,574 shares of common stock outstanding as of June 30.

businessBusiness & Real Estate

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/
Previous story
Business briefs: Business card industry booming
Next story
Brothers by Choice: Selling products in new, hip ways

Just Posted

Protesters turn out Sunday in San Francisco for second day in a row

“To me, it’s everyone’s breaking point,” said Chris Jackson, who handed out water to fellow demonstrators.

Businesses slam proposed COVID-19 worker rehire law as too ‘burdensome’

Supervisor Mar’s legislation would require employers to take back staff at same pay

Curfew to remain in effect Monday night in SF; dozens arrested from Sunday protests

Police chief estimates as many as 6,000 took part in demonstrations

San Francisco mayor calls in 200 law enforcement officers from California to enforce curfew

Mayor London Breed said Sunday morning that she made the request last night as first responders answered calls to dozens of fires and vandalism

Photos: San Francisco businesses clean up the damage: protesters march peacefully

Here are some images from San Francisco on Sunday as businesses began… Continue reading

Most Read