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

From left, Doug Emhoff, U.S. Vice President-elect Kamala Harris, Jill Biden and President-elect Joe Biden wave as they arrive on the East Front of the U.S. Capitol for the inauguration on Jan. 20, 2021 in Washington, DC. During today’s inauguration ceremony Joe Biden becomes the 46th president of the United States. (Joe Raedle/Getty Images/TNS)
Joe Biden inaugurated as 46th president as Trump era comes to an end

Todd Spangler Detroit Free Press Taking over the reins of government at… Continue reading

San Francisco City Hall is lit in gold and amber to remember victims as part of a national Memorial to Lives Lost to COVID-19 on Tuesday, Jan. 19, 2021. (Kevin N. Hume/S.F. Examiner)
San Francisco joins national COVID memorial ceremony

San Francisco took part Tuesday in the first national Memorial to Lives… Continue reading

(Allen J. Schaben/Los Angeles Times/TNS)
With executive orders, Biden to reverse Trump policies on environment, immigration

Evan Halper Los Angeles Times President-elect Joe Biden will move swiftly to… Continue reading

Private vehicles were banned from much of Market Street in January 2020, causing bike ridership on the street to increase by 25 percent and transit efficiency by as much as 12 percent. (Kevin N. Hume/S.F. Examiner)
SFMTA board approves new Better Market Street legislation

Advocates say traffic safety improvements don’t go far enough to make up for lost bikeway

The S.F. Police Department has canceled discretionary days off and will have extra officers on duty for Inauguration Day, chief Bill Scott said Tuesday. <ins>(Kevin N. Hume/S.F. Examiner)</ins>
SF ‘prepared for anything’ ahead of inauguration, but no protests expected

Authorities boosting police staffing, security at City Hall

Most Read