05:13 PM EST, 01/15/2025 (MT Newswires) -- Essex Property Trust ( ESS ) on Wednesday announced the income tax treatment for its 2024 dividend payments.

The company said it paid a total of $9.66 per share in dividends for 2024, with four quarterly payments that include $2.31 in January, $2.45 in April, $2.45 in July, and $2.45 in October.

Out of the total, 98.191%, or $9.48525 is deemed an ordinary taxable dividend, while 1.809%, or $0.17475 is categorized as a capital gain.

The distributions consist of $9.48525 in Section 199A dividends and $0.17475 in Section 897 gains, the company said.

Essex said it did not incur any foreign taxes in 2024.