Essex Reports Characteristics of 2021 Dividends

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2021 distributions to shareholders. The 2021 distribution characteristics are as follows:

Common Stock – CUSIP Number 297178105:

Record	Payment	Cash Distribution	Ordinary Taxable	Return of	Capital Gain	Unrecaptured Section 1250 Capital Gain	Section 199A	Sec. 897 Capital
Date	Date	Per Share	Dividend	Capital	(20% rate)	(25% rate)	Dividend	Gains
1/4/2021	1/15/2021	$2.07750	$1.47343	$0.00000	$0.45854	$0.14553	$1.47343	$0.60407
3/31/2021	4/15/2021	$2.09000	$1.48229	$0.00000	$0.46130	$0.14641	$1.48229	$0.60771
6/30/2021	7/15/2021	$2.09000	$1.48229	$0.00000	$0.46130	$0.14641	$1.48229	$0.60771
9/30/2021	10/15/2021	$2.09000	$1.48229	$0.00000	$0.46130	$0.14641	$1.48229	$0.60771
	Totals:	$8.34750	$5.92030	$0.00000	$1.84244	$0.58476	$5.92030	$2.42720
	Percentages:	100%	70.923%	0.000%	22.072%	7.005%

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 2021.

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. Essex currently has ownership interests in 247 apartment communities comprising approximately 60,000 apartment homes with an additional 3 properties in various stages of active development. Additional information about the Company can be found on the Company’s website at www.essex.com.