Essex Property Trust Declares Quarterly Distributions
| Source: Essex Property Trust, Inc.
PALO ALTO, CA--(Marketwire - June 2, 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 July 15, 2009 to shareholders of record
as of June 30, 2009.
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 September 1, 2009 to shareholders of record
as of August 14, 2009. Distributions for the 4.875% Series G Cumulative
Convertible Preferred shares are payable on July 31, 2009 to shareholders
of record as of July 1, 2009.
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 132 multifamily properties
(26,862 units), and has 972 units in various stages of development.
Additional information about Essex can be found on the Company's web site
at www.essexpropertytrust.com.