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

Extra Space Storage Inc (NYSE:EXR) declared a quarterly dividend on Wednesday, August 19th. Stockholders of record on Tuesday, September 15th will be given a dividend of 1.62 per share by the real estate investment trust on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Extra Space Storage has increased its dividend by an average of 0.1%per year 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% 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 $8.45 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 76.7%.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $148.07 on Thursday. The stock has a market cap of $31.28 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 4.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.56 and a quick ratio of 1.56. Extra Space Storage has a 1 year low of $125.71 and a 1 year high of $158.88. The firm’s 50-day moving average is $147.43 and its 200 day moving average is $143.67.

Extra Space Storage (NYSE:EXR) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The firm had revenue of $874.15 million for the quarter, compared to analysts’ expectations of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.05 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. Sell-side analysts anticipate that Extra Space Storage will post 8.32 EPS for the current fiscal 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.