Unrecaptured Section Cash 1250 Distribution Ordinary Capital Capital Record Payment Per Taxable Return of Gain Gain Date Date Share Dividend Capital (15% rate) (25% rate) -------- --------- --------- --------- --------- 1/4/2010 1/15/2010 $ 1.03 0.849279 $0.122921 $0.057800 $0.000000 03/31/2010 4/15/2010 $ 1.0325 0.851340 $0.123220 $0.057940 $0.000000 6/30/2010 7/15/2010 $ 1.0325 0.851340 $0.123220 $0.057940 $0.000000 9/30/2010 10/15/2010 $ 1.0325 0.851340 $0.123220 $0.057940 $0.000000 -------- --------- --------- --------- --------- Totals: $ 4.1275 $3.403299 $0.492581 $0.231620 $0.000000 Percentages: 100% 82.4542% 11.9341% 5.6116% 0.0000%For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.11 per common share attributable to depreciation assuming a full year of ownership. Series F Preferred - CUSIP Number 297178204:
Unrecaptured Section Cash 1250 Distribution Ordinary Capital Capital Record Payment Per Taxable Return of Gain Gain Date Date Share Dividend Capital (15% rate) (25% rate) --------- --------- --------- --------- --------- 2/12/2010 3/1/2010 $0.488280 $0.457166 $0.000000 $0.031114 $0.000000 5/14/2010 6/1/2010 $0.488280 $0.457166 $0.000000 $0.031114 $0.000000 8/13/2010 9/1/2010 $0.488280 $0.457166 $0.000000 $0.031114 $0.000000 11/15/2010 12/1/2010 $0.488280 $0.457166 $0.000000 $0.031114 $0.000000 ========= ========= ========= ========= ========= Totals: $ 1.95312 $ 1.82867 $0.000000 $ 0.12445 $0.000000 Percentages: 100% 93.6279% 0% 6.3721% 0.0000%For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.06 per preferred Series F share attributable to depreciation assuming a full year of ownership. Series G Preferred - CUSIP Number 297178303:
Unrecaptured Section Cash 1250 Distribution Ordinary Capital Capital Record Payment Per Taxable Return of Gain Gain Date Date Share Dividend Capital (15% rate) (25% rate) --------- --------- --------- --------- --------- 1/4/2010 2/1/2010 $0.304690 $0.285275 $0.000000 $0.019415 $0.000000 4/1/2010 4/30/2010 $0.304690 $0.285275 $0.000000 $0.019415 $0.000000 7/1/2010 8/2/2010 $0.304690 $0.285275 $0.000000 $0.019415 $0.000000 10/1/2010 11/1/2010 $0.304690 $0.285275 $0.000000 $0.019415 $0.000000 ========= ========= ========= ========= ========= Totals: $ 1.21876 $1.141100 $0.000000 $ 0.07766 $0.000000 Percentages: 100% 93.6279% 0% 6.3721% 0.0000%For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.04 per preferred Series G share attributable to depreciation assuming a full year of ownership. The Company did not incur any foreign taxes during 2010. 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 markets. Essex currently has ownership interests in 147 multifamily communities with an additional 2 properties 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: Nicole Culbertson (650) 849-1649