Essex Property Trust Declares Quarterly Distributions

Rhea-AI Summary

Essex Property Trust (NYSE:ESS) announced a quarterly cash dividend of $2.45 per common share, payable on July 12, 2024, to shareholders recorded by June 28, 2024. The company, a fully integrated real estate investment trust (REIT), focuses on acquiring, developing, redeveloping, and managing multifamily residential properties in West Coast markets. Currently, Essex holds ownership interests in 254 apartment communities, totaling approximately 62,000 apartment homes.

Positive

• Quarterly cash dividend of $2.45 per common share.
• Dividend payment date set for July 12, 2024.
• Shareholders recorded by June 28, 2024, are eligible for the dividend.
• Essex Property Trust is part of the S&P 500 index.
• Owns interests in 254 apartment communities with around 62,000 apartment homes.

Negative

• No mention of increased dividends compared to previous quarters, potentially indicating stagnant or unchanged dividend growth.

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 $2.45 per common share, payable July 12, 2024 to shareholders of record as of June 28, 2024.

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 254 apartment communities comprising approximately 62,000 apartment homes. 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/20240515765956/en/

Loren Rainey

Director, Investor Relations

(650) 655-7800

lrainey@essex.com

Source: Essex Property Trust, Inc.

FAQ

What is the dividend amount declared by Essex Property Trust for Q2 2024?

Essex Property Trust declared a quarterly cash dividend of $2.45 per common share.

When is the dividend payment date for Essex Property Trust's Q2 2024 dividend?

The dividend payment date is July 12, 2024.

Who is eligible to receive Essex Property Trust's Q2 2024 dividend?

Shareholders recorded by June 28, 2024, are eligible to receive the dividend.

How many apartment communities does Essex Property Trust own?

Essex Property Trust has ownership interests in 254 apartment communities.

How many apartment homes does Essex Property Trust manage?

Essex Property Trust manages approximately 62,000 apartment homes.

What is the stock symbol for Essex Property Trust?

The stock symbol for Essex Property Trust is ESS.