SOURCE: Essex Property Trust, Inc.

Essex Property Trust, Inc.

January 27, 2015 20:14 ET

Essex Reports Characteristics of 2014 Dividend

PALO ALTO, CA--(Marketwired - Jan 27, 2015) - Essex Property Trust, Inc. (NYSE: ESS) announced today the income tax treatment for its 2014 distributions to shareholders. The 2014 distribution characteristics are as follows:

 
 
Common Stock - CUSIP Number 297178105:
                        Unrecaptured
        Cash   Ordinary           Section 1250
Record   Payment   Distribution   Taxable   Return of   Capital Gain   Capital Gain
Date   Date   Per Share   Dividend   Capital   (20% rate)   (25% rate)
1/2/2014   1/15/2014   $1.21000   $0.84738   $0.00000   $0.26564   $0.09697
3/14/2014   3/31/2014   $1.21000   $0.84738   $0.00000   $0.26564   $0.09697
6/30/2014   7/15/2014   $1.30000   $0.91041   $0.00000   $0.28540   $0.10419
9/30/2014   10/15/2014   $1.30000   $0.91041   $0.00000   $0.28540   $0.10419
    Totals:   $5.02000   $3.51558   $0.00000   $1.10208   $0.40232
  Percentages:   100%   70.0316%   0.0000%   21.9539%   8.0145%
                     
                     

For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.08 per common share attributable to depreciation assuming a full year of ownership.

 
 
Series G Preferred - CUSIP Number 297178303:
                        Unrecaptured
        Cash   Ordinary       Capital   Section 1250
Record   Payment   Distribution   Taxable   Return of   Gain   Capital Gain
Date   Date   Per Share   Dividend   Capital   (20% rate)   (25% rate)
1/2/2014   1/31/2014   $0.30469   $0.21338   $0.00000   $0.06689   $0.02442
4/1/2014   4/30/2014   $0.30469   $0.21338   $0.00000   $0.06689   $0.02442
    Totals:   $0.60938   $0.42676   $0.00000   $0.13378   $0.04884
 Percentages:   100%   70.0316%   0.0000%   21.9539%   8.0145%
 
 
 
Series H Preferred - CUSIP Number 297178402:
                        Unrecaptured
        Cash   Ordinary       Capital   Section 1250
Record   Payment   Distribution   Taxable   Return of   Gain   Capital Gain
Date   Date   Per Share   Dividend   Capital   (20% rate)   (25% rate)
1/2/2014   1/15/2014   $0.44531   $0.31186   $0.00000   $0.09776   $0.03569
4/1/2014   4/15/2014   $0.44531   $0.31186   $0.00000   $0.09776   $0.03569
7/1/2014   7/15/2014   $0.44531   $0.31186   $0.00000   $0.09776   $0.03569
10/1/2014   10/15/2014   $0.44531   $0.31186   $0.00000   $0.09776   $0.03569
    Totals:   $1.78124   $1.24744   $0.00000   $0.39104   $0.14276
 Percentages:   100%   70.0316%   0.0000%   21.9539%   8.0145%
                         
                         

The Company did not incur any foreign taxes during 2014. 

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 240 apartment communities with an additional 14 properties in various stages of active development. Additional information about Essex can be found on the Company's web site at www.essex.com.

Contact Information

  • Contact Information
    Barb Pak
    Director of Investor Relations
    (650) 494-3700
    bpak@essex.com