Essex Announces Its 31st Consecutive Annual Dividend Increase

Establishes Record Date for the Annual Shareholders’ Meeting

SAN MATEO, Calif.--(BUSINESS WIRE)-- Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has approved a 4.9% increase to its annual cash dividend. This represents the Company’s 31^st consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.57 per share, payable on April 15, 2025 to shareholders of record as of March 31, 2025. On an annualized basis, the dividend represents a distribution of $10.28 per common share.

The Annual Meeting of Shareholders will be held virtually on Tuesday, May 13, 2025 at 10:00 a.m. Pacific Time or 1:00 p.m. Eastern. Shareholders of record as of February 28, 2025 will be entitled to vote at the meeting. Further information regarding how to access and vote at the virtual Annual Meeting will be contained in the proxy materials to be filed with the U.S. Securities and Exchange Commission.

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 256 apartment communities comprising over 62,000 apartment homes with an additional property in active development. Additional information about the Company can be found on the Company’s website at www.essex.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250220004240/en/

Loren Rainey

Director, Investor Relations

(650) 655-7800

lrainey@essex.com

Source: Essex Property Trust, Inc.

FAQ

What is Essex Property Trust's new quarterly dividend amount for 2025?

Essex Property Trust's new quarterly dividend is $2.57 per share, payable on April 15, 2025.

How much is ESS's annual dividend increase for 2025?

Essex Property Trust announced a 4.9% increase to its annual cash dividend, resulting in an annualized distribution of $10.28 per common share.

When is Essex Property Trust's 2025 Annual Shareholders Meeting?

The Annual Shareholders Meeting will be held virtually on Tuesday, May 13, 2025, at 10:00 a.m. Pacific Time.

What is the record date for ESS's Q1 2025 dividend?

The record date for Essex Property Trust's Q1 2025 dividend is March 31, 2025.

How many consecutive years has ESS increased its dividend?

Essex Property Trust has increased its dividend for 31 consecutive years.