SALT LAKE CITY , Feb. 21, 2025 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a first quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on March 31, 2025, to stockholders of record at the close of business on March 14, 2025.
Evaluate the expected performance of Extra Space Storage (EXR) for the quarter ended December 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
2 Now Or Never REIT Picks For Dividend Investors
SALT LAKE CITY , Jan. 24, 2025 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three months and year ended December 31, 2024 on Tuesday, February 25, 2025 after the market closes. The Company will host a conference call at 1:00 p.m.
Extra Space Storage Inc. is a REIT specializing in self-storage operations, including owning, managing, acquiring, and developing self-storage properties. The company also offers tenant insurance and manages properties for third-party owners, earning management fees. The investment thesis highlights Extra Space Storage's diversified revenue streams and robust business model in the self-storage sector.
SALT LAKE CITY , Jan. 16, 2025 /PRNewswire/ -- Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP (the "operating partnership"), has priced a public offering of $350 million aggregate principal amount of additional 5.500% senior notes due 2030 (the "Notes"). The Notes will be issued as additional notes under the indenture pursuant to which the operating partnership previously issued $450 million of 5.500% senior notes due 2030 (the "Initial Notes").
Extra Space Storage has underperformed recently, but I believe it offers a reasonable risk/reward ratio and expects growth to resume by 2026 at the latest. The business model is recession-resistant, with increasing demand for self-storage and potential for market consolidation through acquisitions. Rising interest rates have impacted REITs, but Extra Space Storage's occupancy and customer satisfaction remain high, supporting long-term stability.
Scotiabank upgraded Extra Space Storage to Sector Perform from Underperform with a $167 price target, calling the stock's valuation "now more compelling."
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EXR gains from high brand value, strategic buyouts, favorable demographics and a healthy balance sheet. Lower new customer rates and high unit supply ail.