Essex Reports Characteristics of 2020 Dividends

Jan 15, 2021 04:15 pm

SAN MATEO, Calif. --

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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210115005501/en/

Rylan Burns
Vice President of Finance & Investor Relations
(650) 655-7800
[email protected]

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