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Essex Reports Characteristics of 2019 Dividends

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Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2019 distributions to shareholders. The 2019 distribution characteristics are as follows:

Common Stock – CUSIP Number 297178105:

Record

Date

Payment

Date

Cash

Distribution

Per Share

Ordinary

Taxable

Dividend

Return of

Capital

Capital

Gain

(20% rate)

Unrecaptured

Section 1250

Capital Gain

(25% rate)

 

Section 199A

Dividend

1/2/2019

1/15/2019

$1.86000

$1.55891

$0.00000

$0.25628

$0.04481

$1.55891

3/29/2019

4/12/2019

$1.95000

$1.63434

$0.00000

$0.26868

$0.04698

$1.63434

6/28/2019

7/12/2019

$1.95000

$1.63434

$0.00000

$0.26868

$0.04698

$1.63434

9/30/2019

10/15/2019

$1.95000

$1.63434

$0.00000

$0.26868

$0.04698

$1.63434

 

Totals:

$7.71000

$6.46193

$0.00000

$1.06232

$0.18575

 

 

Percentages:

100%

83.812%

0.0000%

13.779%

2.409%

 

For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.17 per common share attributable to depreciation assuming a full year of ownership.

The Company did not incur any foreign taxes during 2019.

Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Essex Property Trust, Inc. dividends.

About Essex Property Trust, Inc.

Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. The Company currently has ownership interests in 249 apartment communities comprising approximately 60,000 apartment homes with an additional 7 properties in various stages of active development. Additional information about Essex can be found on the Company's web site at www.essex.com.

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