This Dividend Aristocrat REIT Is Catching a Huge Wave in Southern California

When the pandemic struck the U.S. in early 2020, apartment landlords like Essex Property Trust (NYSE: ESS) were particularly hard hit by its economic ripples. That was in part due to fact that short-term leases are common in the apartment space, and in the case of Essex, also due to the region in which most of its properties are sited.

However, as the direct impacts of the coronavirus have receded, Essex's business has started to rebound, showing that the trends that underpinned it are still going strong.

In 2020, governments around the world took intense measures to try and slow the spread of COVID-19, including shutting non-essential businesses, asking people to practice social distancing, which included a shift toward a work from home model for most jobs that could be performed remotely.  

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Source Fool.com