Essex Reports Characteristics of 2014 Dividend

PALO ALTO, CA--(Marketwired - Jan 27, 2015) - Essex Property Trust, Inc. (NYSE: ESS) announced today the income tax treatment for its 2014 distributions to shareholders. The 2014 distribution characteristics are as follows:

Common Stock - CUSIP Number 297178105:
												Unrecaptured
				Cash		Ordinary						Section 1250
Record		Payment		Distribution		Taxable		Return of		Capital Gain		Capital Gain
Date		Date		Per Share		Dividend		Capital		(20% rate)		(25% rate)
1/2/2014		1/15/2014		$1.21000		$0.84738		$0.00000		$0.26564		$0.09697
3/14/2014		3/31/2014		$1.21000		$0.84738		$0.00000		$0.26564		$0.09697
6/30/2014		7/15/2014		$1.30000		$0.91041		$0.00000		$0.28540		$0.10419
9/30/2014		10/15/2014		$1.30000		$0.91041		$0.00000		$0.28540		$0.10419
		Totals:		$5.02000		$3.51558		$0.00000		$1.10208		$0.40232
Percentages:				100%		70.0316%		0.0000%		21.9539%		8.0145%

For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.08 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		(20% rate)		(25% rate)
1/2/2014		1/31/2014		$0.30469		$0.21338		$0.00000		$0.06689		$0.02442
4/1/2014		4/30/2014		$0.30469		$0.21338		$0.00000		$0.06689		$0.02442
		Totals:		$0.60938		$0.42676		$0.00000		$0.13378		$0.04884
Percentages:				100%		70.0316%		0.0000%		21.9539%		8.0145%

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		(20% rate)		(25% rate)
1/2/2014		1/15/2014		$0.44531		$0.31186		$0.00000		$0.09776		$0.03569
4/1/2014		4/15/2014		$0.44531		$0.31186		$0.00000		$0.09776		$0.03569
7/1/2014		7/15/2014		$0.44531		$0.31186		$0.00000		$0.09776		$0.03569
10/1/2014		10/15/2014		$0.44531		$0.31186		$0.00000		$0.09776		$0.03569
		Totals:		$1.78124		$1.24744		$0.00000		$0.39104		$0.14276
Percentages:				100%		70.0316%		0.0000%		21.9539%		8.0145%

The Company did not incur any foreign taxes during 2014. 

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 240 apartment communities with an additional 14 properties in various stages of active development. Additional information about Essex can be found on the Company's web site at www.essex.com.