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Essex Reports Characteristics of 2020 Dividends

SAN MATEO, Calif.--(BUSINESS WIRE)--Essex Property Trust, Inc. (NYSE:ESS) announced today the income tax treatment for its 2020 distributions to shareholders. The 2020 distribution characteristics are as follows:

Common Stock – CUSIP Number 297178105:

 

 

 

 

 

 

 

 

 

 

 

 

Unrecaptured

 

 

Record

 

Payment

 

Cash
Distribution

 

Ordinary
Taxable

 

Return of

 

Capital
Gain

 

Section 1250
Capital Gain

 

 

Section 199A

Date

 

Date

 

Per Share

 

Dividend

 

Capital

 

(20% rate)

 

(25% rate)

 

Dividend

1/2/2020

 

1/15/2020

 

$1.95000

 

$1.66203

 

$0.00000

 

$0.20826

 

$0.07971

 

$1.66203

3/31/2020

 

4/15/2020

 

$2.07750

 

$1.77070

 

$0.00000

 

$0.22188

 

$0.08492

 

$1.77070

6/30/2020

 

7/15/2020

 

$2.07750

 

$1.77070

 

$0.00000

 

$0.22188

 

$0.08492

 

$1.77070

9/30/2020

 

10/15/2020

 

$2.07750

 

$1.77070

 

$0.00000

 

$0.22188

 

$0.08492

 

$1.77070

 

 

Totals:

 

$8.18250

 

$6.97413

 

$0.00000

 

$0.87390

 

$0.33447

 

 

 

 

Percentages:

 

100%

 

85.232%

 

0.0000%

 

10.680%

 

4.088%

 

 

For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.13 per common share attributable to depreciation assuming a full year of ownership.

The Company did not incur any foreign taxes during 2020.

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 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development. Additional information about the Company can be found on the Company’s website at www.essex.com.

Contacts

Rylan Burns
Vice President of Finance & Investor Relations
(650) 655-7800
rburns@essex.com

Essex Property Trust, Inc.

NYSE:ESS

Release Versions

Contacts

Rylan Burns
Vice President of Finance & Investor Relations
(650) 655-7800
rburns@essex.com

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