Extra Space Storage Inc (EXR) to Issue Quarterly Dividend of $1.62 on June 30th

Extra Space Storage Inc (NYSE:EXRGet Free Report) declared 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) dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, June 15th.

Extra Space Storage has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive 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. 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 Up 0.0%

EXR stock traded up $0.07 during mid-day 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 company has a debt-to-equity ratio of 0.93, a current ratio of 0.37 and a quick ratio of 0.37. The stock has a 50 day simple moving average of $142.29 and a two-hundred day simple moving average of $139.46. The company has a market capitalization of $31.76 billion, a price-to-earnings ratio of 33.71, a PEG ratio of 4.88 and a beta of 1.20. Extra Space Storage has a 52 week low of $125.71 and a 52 week high of $155.19.

Extra Space Storage (NYSE:EXRGet Free Report) last posted its quarterly earnings results 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). The company had revenue of $856.03 million during the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a net margin of 27.66% and a return on equity of 6.65%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 earnings per share. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. As a group, equities analysts predict that Extra Space Storage will post 8.24 earnings per share for the current fiscal year.

Extra Space Storage Company Profile

(Get Free Report)

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.

Featured Stories

Dividend History for Extra Space Storage (NYSE:EXR)

Receive News & Ratings for Extra Space Storage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extra Space Storage and related companies with MarketBeat.com's FREE daily email newsletter.