Essex Property Trust Declares Quarterly Distributions

Rhea-AI Summary

Essex Property Trust, Inc. (NYSE:ESS) has announced a quarterly cash dividend of $2.20 per share, set to be paid on July 15, 2022, to shareholders of record as of June 30, 2022. This dividend reflects the company's ongoing commitment to returning value to its investors. Essex is a fully integrated real estate investment trust (REIT) focused on multifamily residential properties along the West Coast, managing approximately 62,000 apartment homes across 253 communities, with two additional properties under development.

Positive

• Quarterly cash dividend of $2.20 per share announced.
• Demonstrates commitment to shareholder value.
• Strong portfolio represented by 253 apartment communities.
• Approximately 62,000 apartment homes managed.

Negative

• None.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Essex Property Trust, Inc. (NYSE:ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $2.20 per common share, payable July 15, 2022 to shareholders of record as of June 30, 2022.

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 253 apartment communities comprising approximately 62,000 apartment homes with an additional 2 properties in various stages of 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/20220511005982/en/

Rylan Burns

Group VP of Private Equity & Finance

(650) 655-7800

rburns@essex.com

Source: Essex Property Trust, Inc.

FAQ

What is the amount of the dividend declared by Essex Property Trust?

Essex Property Trust declared a quarterly cash dividend of $2.20 per common share.

When will the dividend be paid to shareholders of Essex?

The dividend will be payable on July 15, 2022.

What is the record date for the Essex dividend?

The record date for the dividend is June 30, 2022.

How many apartment homes does Essex Property Trust manage?

Essex Property Trust manages approximately 62,000 apartment homes.

How many properties does Essex currently have under development?

Essex has two properties in various stages of active development.