Essex Property Trust Declares Quarterly Distributions

Rhea-AI Summary

Essex Property Trust, Inc. (NYSE:ESS) has declared a quarterly cash dividend of $2.09 per common share, payable on October 15, 2021. Shareholders of record as of September 30, 2021 will receive this dividend. The company is a fully integrated real estate investment trust (REIT), focusing on multifamily residential properties across the West Coast, currently owning 246 apartment communities with around 60,000 apartment homes and three additional properties under development.

Positive

• Quarterly cash dividend of $2.09 demonstrates financial stability.
• Ownership of 246 apartment communities highlights 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 $2.09 per common share, payable October 15, 2021 to shareholders of record as of September 30, 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 3 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/20210910005492/en/

Rylan Burns

Group Vice President of Private Equity & Finance

(650) 655-7800

rburns@essex.com

Source: Essex Property Trust, Inc.

FAQ

What is the dividend amount declared by Essex Property Trust, Inc. in September 2021?

Essex Property Trust, Inc. declared a quarterly cash dividend of $2.09 per common share.

When will the dividend be paid to shareholders of Essex Property Trust, Inc.?

The dividend will be paid on October 15, 2021.

What is the record date for the Essex Property Trust, Inc. dividend?

The record date for the dividend is September 30, 2021.

How many apartment communities does Essex Property Trust, Inc. currently own?

Essex Property Trust, Inc. owns 246 apartment communities.

What is the total number of apartment homes owned by Essex Property Trust, Inc.?

The company has approximately 60,000 apartment homes.