Essex Property Trust Declares Quarterly Distributions

Rhea-AI Summary

Essex Property Trust, Inc. (NYSE:ESS) has declared a quarterly cash dividend of $2.20 per common share, with payment scheduled for October 14, 2022. Shareholders must be on record by September 30, 2022 to qualify for this dividend. The company operates as a fully integrated real estate investment trust (REIT) focused on multifamily residential properties primarily in West Coast markets. Essex currently manages 253 apartment communities, totaling approximately 62,000 apartment homes, with ongoing developments as part of its growth strategy.

Positive

• Regular quarterly dividend of $2.20 per share demonstrates financial stability.
• Ownership of 253 apartment communities shows a strong real estate portfolio.

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 October 14, 2022 to shareholders of record as of September 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 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/20220915005957/en/

Rylan Burns

Group VP of Private Equity & Finance

(650) 655-7800

rburns@essex.com

Source: Essex Property Trust, Inc.

FAQ

What is the dividend declaration date for Essex Property Trust (ESS)?

The dividend declaration date for Essex Property Trust (ESS) is October 14, 2022.

When will Essex Property Trust pay its dividend?

Essex Property Trust will pay its dividend on October 14, 2022.

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

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

Who is eligible to receive the Essex Property Trust dividend?

Shareholders on record as of September 30, 2022, are eligible to receive the Essex Property Trust dividend.