Extra Space Storage Inc (NYSE:EXR) Declares Quarterly Dividend of $1.62

Extra Space Storage Inc (NYSE:EXR) announced a quarterly dividend on Thursday, May 14th. Investors of record on Monday, June 15th will be paid a dividend of 1.62 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, June 15th.

Extra Space Storage has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Extra Space Storage has a dividend payout ratio of 135.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Extra Space Storage to earn $8.47 per share next year, which means the company should continue to be able to cover its $6.48 annual dividend with an expected future payout ratio of 76.5%.

Extra Space Storage Stock Up 0.0%

Extra Space Storage stock traded up $0.07 during midday trading on Friday, reaching $150.33. The stock had a trading volume of 890,142 shares, compared to its average volume of 1,020,898. The firm’s fifty day simple moving average is $142.29 and its 200-day simple moving average is $139.46. Extra Space Storage has a 1-year low of $125.71 and a 1-year high of $155.19. The stock has a market capitalization of $31.76 billion, a P/E ratio of 33.71, a price-to-earnings-growth ratio of 4.88 and a beta of 1.20. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.37 and a current ratio of 0.37.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.01 by ($0.87). Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The firm had revenue of $856.03 million during the quarter, compared to analyst estimates of $851.35 million. During the same period in the prior year, the business posted $2.00 EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, analysts expect that Extra Space Storage will post 8.24 EPS for the current fiscal year.

About Extra Space Storage

Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.

Its business model combines property ownership with third-party management and development activities.