Essex Reports Characteristics of 2013 Dividend

PALO ALTO, CA--(Marketwired - Jan 22, 2014) - Essex Property Trust, Inc., (NYSE: ESS) announced today the income tax treatment for its 2013 distributions to shareholders. The 2013 distribution characteristics are as follows:

Common Stock - CUSIP Number 297178105:

									Unrecaptured
				Cash	Ordinary			Capital	Section 1250
Record		Payment	Distribution		Taxable		Return of	Gain	Capital Gain
Date		Date		Per Share	Dividend		Capital	(15% rate)	(25% rate)
1/2/2013		1/15/2013		$1.100000	$0.8506805		$0.0000000	$0.194076	$0.0552440
3/28/2013		4/15/2013		$1.210000	$0.9357485		$0.0000000	$0.213483	$0.0607683
6/28/2013		7/15/2013		$1.210000	$0.9357485		$0.0000000	$0.213483	$0.0607683
9/30/2013		10/15/2013		$1.210000	$0.9357485		$0.0000000	$0.213483	$0.0607683
		Totals:		$4.730000	$3.657926		$0.000000	$0.834525	$0.237549
Percentages:				100%	77.3346%		0.0000%	17.6432%	5.0222%

For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.06 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	(15% rate)	(25% rate)
1/2/2013		1/31/2013		$0.304690	$0.235631		$0.000000	$0.053757	$0.0153020
4/1/2013		4/30/2013		$0.304690	$0.235631		$0.000000	$0.053757	$0.0153020
7/1/2013		7/31/2013		$0.304690	$0.235631		$0.000000	$0.053757	$0.0153020
10/1/2013		10/31/2013		$0.304690	$0.235631		$0.000000	$0.053757	$0.0153020
		Totals:		$1.21876	$0.94252		$0.00000	$0.215029	$0.061208
Percentages:				100%	77.3346%		0%	17.6433%	5.0222%

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	(15% rate)	(25% rate)
1/2/2013		1/15/2013		$0.445310	$0.344379		$0.000000	$0.078567	$0.0223643
4/1/2013		4/15/2013		$0.445310	$0.344379		$0.000000	$0.078567	$0.0223643
7/1/2013		7/15/2013		$0.445310	$0.344379		$0.000000	$0.078567	$0.0223643
10/1/2013		10/15/2013		$0.445310	$0.344379		$0.000000	$0.078567	$0.0223643
		Totals:		$1.78124	$1.37752		$0.00000	$0.314268	$0.089457
Percentages:				100%	77.3346%		0%	17.6432%	5.0222%

The Company did not incur any foreign taxes during 2013. 

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 400 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages apartment communities located in highly desirable, supply-constrained markets. Essex currently has ownership interests in 163 multifamily properties with an additional 11 properties in various stages of development. Additional information about Essex can be found on the Company's web site at www.essexpropertytrust.com.