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
       CashOrdinary    CapitalSection 1250
Record  PaymentDistributionTaxable  Return ofGainCapital Gain
Date  Date  Per ShareDividend  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
       CashOrdinary    CapitalSection 1250
Record  PaymentDistributionTaxable  Return ofGainCapital Gain
Date  Date  Per ShareDividend  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
       CashOrdinary    CapitalSection 1250
Record  PaymentDistributionTaxable  Return ofGainCapital Gain
Date  Date  Per ShareDividend  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.