Common Stock - CUSIP Number 297178105: Unrecaptured Section 1250 Cash Ordinary Capital Capital Record Payment Distribution Taxable Return of Gain Gain Date Date Per Share Dividend Capital (15% rate) (25% rate) ---------- ---------- ---------- ---------- ---------- 3/30/2007 4/16/2007 $ 0.930000 $ 0.703509 $ 0.000000 $ 0.180407 $ 0.046084 6/29/2007 7/16/2007 $ 0.930000 $ 0.703509 $ 0.000000 $ 0.180407 $ 0.046084 9/28/2007 10/15/2007 $ 0.930000 $ 0.703509 $ 0.000000 $ 0.180407 $ 0.046084 12/28/2007 1/15/2008 $ 0.930000 $ 0.703509 $ 0.000000 $ 0.180407 $ 0.046084 ---------- ---------- ---------- ---------- ---------- Totals: $ 3.720000 $ 2.814037 $ 0.000000 $ 0.721629 $ 0.184334 Percentages: 100% 75.65% 0% 19.40% 4.96% Series F Preferred - CUSIP Number 297178204: Unrecaptured Section 1250 Cash Ordinary Capital Capital Record Payment Distribution Taxable Return of Gain Gain Date Date Per Share Dividend Capital (15% rate) (25% rate) ---------- ---------- ---------- ---------- ---------- 2/14/2007 3/1/2007 $ 0.488280 $ 0.369365 $ 0.000000 $ 0.094720 $ 0.024195 5/17/2007 6/1/2007 $ 0.488280 $ 0.369365 $ 0.000000 $ 0.094720 $ 0.024195 8/17/2007 9/3/2007 $ 0.488280 $ 0.369365 $ 0.000000 $ 0.094720 $ 0.024195 11/16/2007 12/3/2007 $ 0.488280 $ 0.369365 $ 0.000000 $ 0.094720 $ 0.024195 ---------- ---------- ---------- ---------- ---------- Totals: $ 1.95312 $ 1.47746 $ 0.00000 $ 0.37888 $ 0.09678 Percentages: 100% 75.65% 0% 19.40% 4.96% Series G Preferred - CUSIP Number 297178303: Unrecaptured Section 1250 Cash Ordinary Capital Capital Record Payment Distribution Taxable Return of Gain Gain Date Date Per Share Dividend Capital (15% rate) (25% rate) ---------- ---------- ---------- ---------- ---------- 1/2/2007 1/31/2007 $ 0.304690 $ 0.230486 $ 0.000000 $ 0.059106 $ 0.015098 4/2/2007 4/30/2007 $ 0.304690 $ 0.230486 $ 0.000000 $ 0.059106 $ 0.015098 7/2/2007 7/31/2007 $ 0.304690 $ 0.230486 $ 0.000000 $ 0.059106 $ 0.015098 10/1/2007 10/31/2007 $ 0.304690 $ 0.230486 $ 0.000000 $ 0.059106 $ 0.015098 ---------- ---------- ---------- ---------- ---------- Totals: $ 1.21876 $ 0.92195 $ 0.00000 $ 0.23642 $ 0.06039 Percentages: 100% 75.65% 0% 19.40% 4.96%The Company did not incur any foreign taxes during 2007. In addition, only for purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.07 per share attributable to depreciation assuming a full year of ownership. Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Essex Property Trust, Inc. dividends. 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 134 multifamily properties (27,489 units), and has 1,108 units in various stages of development. Additional information about Essex can be found on the Company's web site at www.essexpropertytrust.com. If you would like to receive future press releases via e-mail-please send a request to investors@essexpropertytrust.com.
Contact Information: Contact: Nicole Christian (650) 849-1649