Business Wire | Jan 15, 2021 04:15PM EST

Essex Reports Characteristics of 2020 Dividends

Jan. 15, 2021

SAN MATEO, Calif.--(BUSINESS WIRE)--Jan. 15, 2021--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 Ordinary Return Capital Section 1250 Distribution Taxable of Gain Capital Gain Section 199A

Date Date Per Share Dividend Capital (20% (25% rate) Dividend rate)

1/2/ 1/15/2020 $1.95000 $1.66203 $0.00000 $0.20826 $0.07971 $1.662032020

3/31/ 4/15/2020 $2.07750 $1.77070 $0.00000 $0.22188 $0.08492 $1.770702020

6/30/ 7/15/2020 $2.07750 $1.77070 $0.00000 $0.22188 $0.08492 $1.770702020

9/30/ 10/15/2020 $2.07750 $1.77070 $0.00000 $0.22188 $0.08492 $1.770702020

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.

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