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

Extra Space Storage Inc (NYSE:EXR) announced a quarterly dividend on Wednesday, August 19th. Investors of record on Tuesday, September 15th will be paid 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 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 increased 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 research 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

NYSE:EXR opened at $148.07 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.96. The firm has a market capitalization of $31.28 billion, a PE ratio of 32.69, a price-to-earnings-growth ratio of 4.22 and a beta of 1.18. Extra Space Storage has a twelve month low of $125.71 and a twelve month high of $158.88. The stock’s 50-day simple moving average is $147.43 and its 200 day simple 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 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.09. The company had revenue of $874.15 million for the quarter, compared to the consensus estimate of $874.99 million. Extra Space Storage had a net margin of 27.80% and a return on equity of 6.70%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $2.05 EPS. Extra Space Storage has set its FY 2026 guidance at 8.250-8.400 EPS. On average, 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.