Essex Property Trust Declares Quarterly Distributions

Rhea-AI Summary

Essex Property Trust (NYSE:ESS) has declared a quarterly cash dividend of $2.0775 per share, scheduled for payment on January 15, 2021. Shareholders must be on record by January 4, 2021 to receive the dividend. As a fully integrated real estate investment trust, Essex focuses on acquiring, developing, and managing multifamily residential properties primarily on the West Coast. The company currently holds interests in 246 apartment communities, totaling approximately 60,000 apartment homes, with another 6 properties in development.

Positive

• Declared a quarterly cash dividend of $2.0775 per share.
• Company has ownership interests in 246 apartment communities.
• Total of approximately 60,000 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 $2.0775 per common share, payable January 15, 2021 to shareholders of record as of January 4, 2021.

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 246 apartment communities comprising approximately 60,000 apartment homes with an additional 6 properties in various stages of active development. Additional information about the Company can be found on the Company’s website at www.essex.com.