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

Extra Space Storage Inc (NYSE:EXR) announced a quarterly dividend on Thursday, May 14th. Shareholders of record on Monday, June 15th will be given a dividend of 1.62 per share by the real estate investment trust on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, June 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 annually for the last 1 consecutive 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. Research 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 Performance

Shares of NYSE EXR traded up $0.07 during midday trading on Friday, reaching $150.33. The company had a trading volume of 890,142 shares, compared to its average volume of 1,020,898. The business’s 50-day simple moving average is $142.29 and its 200 day simple moving average is $139.46. The stock has a market cap of $31.76 billion, a P/E ratio of 33.71, a P/E/G ratio of 4.88 and a beta of 1.20. Extra Space Storage has a 1 year low of $125.71 and a 1 year high of $155.19. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93.

Extra Space Storage (NYSE:EXR) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share 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 company had revenue of $856.03 million for the quarter, compared to analysts’ expectations of $851.35 million. During the same period last year, the firm earned $2.00 earnings per share. Extra Space Storage’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. On average, analysts forecast that Extra Space Storage will post 8.24 earnings per share 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.