ESSEX PPTY TR INC
			Symbol			ESS

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Essex Announces Third Quarter 2009 Earnings Results

2009-11-03 17:27 ET - News Release

PALO ALTO, CA -- (MARKET WIRE) -- 11/03/09

Essex Property Trust, Inc. (NYSE: ESS) announces its third quarter 2009 earnings results and related business activities.

Funds from Operations ("FFO") for the quarter ended September 30, 2009, totaled $50.8 million, or $1.69 per diluted share compared to $42.1 million, or $1.51 per diluted share for the quarter ended September 30, 2008. The Company's FFO, excluding non-recurring items, totaled $38.0 million, or $1.26 per diluted shared for the quarter ended September 30, 2009, compared to $42.3 million, or $1.52 per diluted share for the quarter ended September 30, 2008.

A reconciliation of FFO for non-recurring items can be found on page S-3 in the Company's Supplemental Financial Information package. The following non-recurring items impacted the Company's third quarter results for 2009 and 2008:

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