PALO ALTO, CA — (Marketwire) — 01/18/13 — Essex Property Trust, Inc., (NYSE: ESS) announced today the income tax treatment for its 2012 distributions to shareholders. The 2012 distribution characteristics are as follows:
For purposes of calculating alternative minimum taxable income under Sec. 55 of the Internal Revenue Code of 1986, the Company apportions $0.03 per common share attributable to depreciation assuming a full year of ownership.
The Company did not incur any foreign taxes during 2012.
Shareholders are encouraged to consult with their tax advisors as to their specific tax treatment of Essex Property Trust, Inc. dividends.
Essex Property Trust, Inc., an S&P 400 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages apartment communities located in highly desirable, supply-constrained markets. Essex currently has ownership interests in 161 multifamily properties with an additional 9 properties in various stages of development. Additional information about Essex can be found on the Company-s web site at .
Barb Pak
Director of Investor Relations
(650) 849-1667