Extra Space Storage Inc (EXR) To Go Ex-Dividend on September 15th

Extra Space Storage Inc (NYSE:EXR) announced 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 4.7%. The ex-dividend date is Tuesday, September 15th.

Extra Space Storage has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Extra Space Storage has a dividend 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. Analysts expect Extra Space Storage to earn $8.46 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 76.6%.

Extra Space Storage Price Performance

Shares of EXR opened at $137.83 on Friday. The firm has a market capitalization of $29.12 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 3.95 and a beta of 1.16. 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 company’s fifty day moving average price is $145.46 and its 200-day moving average price is $143.51.

Extra Space Storage (NYSE:EXR) last issued its earnings results on Tuesday, July 28th. The real estate investment trust reported $1.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.16 by $0.09. Extra Space Storage had a return on equity of 6.70% and a net margin of 27.80%.The company had revenue of $874.15 million during the quarter, compared to analyst estimates of $874.99 million. During the same quarter last year, the business posted $2.05 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, equities research analysts predict that Extra Space Storage will post 8.33 EPS for the current year.

Extra Space Storage Company Profile

Extra Space Storage Inc is a real estate investment trust (REIT) that owns, operates, manages and acquires self-storage facilities. Its properties provide individuals and businesses with rental storage units in a range of sizes, along with vehicle, boat and recreational vehicle storage at select locations.

The company also provides third-party management services for self-storage properties owned by other investors and operators. Its services generally include facility operations, marketing, customer support, revenue management and technology solutions.