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

Extra Space Storage Inc (NYSE:EXR) declared a quarterly dividend on Friday, February 13th. Stockholders of record on Monday, March 16th will be paid a dividend of 1.62 per share by the real estate investment trust on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Monday, March 16th.

Extra Space Storage has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Extra Space Storage has a payout ratio of 135.8% meaning 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 $8.34 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 77.7%.

Extra Space Storage Stock Performance

NYSE EXR opened at $141.34 on Friday. The business’s 50 day moving average price is $143.43 and its 200-day moving average price is $139.81. Extra Space Storage has a fifty-two week low of $121.03 and a fifty-two week high of $155.19. The company has a market cap of $29.84 billion, a P/E ratio of 30.73, a P/E/G ratio of 2.82 and a beta of 1.24. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.39 and a current ratio of 0.39.

Extra Space Storage (NYSE:EXR) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.03 by $0.05. The company had revenue of $857.47 million during the quarter, compared to the consensus estimate of $732.92 million. Extra Space Storage had a return on equity of 6.79% and a net margin of 28.84%.Extra Space Storage’s revenue was up 4.3% on a year-over-year basis. During the same period last year, the company earned $2.03 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Sell-side analysts predict that Extra Space Storage will post 8.1 earnings per share for the current year.

Extra Space Storage Company Profile

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.