Contact Information: NICOLE CHRISTIAN (650) 849-1649
Essex Property Trust Declares Quarterly Distributions
| Source: Essex Property Trust, Inc.
PALO ALTO, CA--(Marketwire - December 11, 2009) - Essex Property Trust, Inc. (NYSE : ESS ), a
real estate investment trust (REIT) that invests in apartment communities
located in highly desirable, supply-constrained markets, announced today
that its Board of Directors has declared a regular quarterly cash dividend
of $1.03 per common share, payable January 15, 2010 to shareholders of
record as of January 4, 2010.
The Board of Directors declared quarterly distributions of $0.48828 and
$0.30469 per share on its 7.8125% Series F Cumulative Redeemable Preferred
Shares and its 4.875% Series G Cumulative Convertible Preferred shares,
respectively. Distributions for the 7.8125% Series F Cumulative Redeemable
Preferred shares are payable on March 1, 2010 to shareholders of record as
of February 12, 2010. Distributions for the 4.875% Series G Cumulative
Convertible Preferred shares are payable on February 1, 2010 to
shareholders of record as of January 4, 2010.
Essex Property Trust, Inc., located in Palo Alto, California and traded on
the New York Stock Exchange (ESS), is a fully integrated real estate
investment trust (REIT) that acquires, develops, redevelops, and manages
multifamily residential properties in selected West Coast communities.
Essex currently has ownership interests in 133 multifamily properties
(27,221 units), and has 466 units in various stages of development.
Additional information about Essex can be found on the Company's web site
at www.essexpropertytrust.com.