U.S. Markets closed
  • Crude Oil

    70.51
    -0.05 (-0.07%)
     
  • Gold

    1,768.40
    -9.80 (-0.55%)
     
  • Silver

    23.03
    +0.46 (+2.05%)
     
  • EUR/USD

    1.1696
    -0.0034 (-0.2924%)
     
  • 10-Yr Bond

    1.3360
    +0.0120 (+0.91%)
     
  • Vix

    20.87
    -3.49 (-14.33%)
     
  • GBP/USD

    1.3619
    -0.0045 (-0.3282%)
     
  • USD/JPY

    109.7800
    +0.5600 (+0.5127%)
     
  • BTC-USD

    44,713.76
    +1,456.30 (+3.37%)
     
  • CMC Crypto 200

    1,089.55
    +49.07 (+4.72%)
     
  • FTSE 100

    7,083.37
    +102.39 (+1.47%)
     
  • Nikkei 225

    29,639.40
    -200.31 (-0.67%)
     

Essex Reports Characteristics of 2020 Dividends

  • Oops!
    Something went wrong.
    Please try again later.
·2 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

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/

Contacts

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