Extra Space Storage Inc (NYSE:EXR – Get Free Report) declared a quarterly dividend on Wednesday, August 19th. Stockholders 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 raised 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. 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 Down 0.3%
Shares of NYSE:EXR opened at $147.53 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.56 and a quick ratio of 1.56. The stock has a market cap of $31.17 billion, a price-to-earnings ratio of 32.57, a P/E/G ratio of 4.25 and a beta of 1.18. The company has a 50 day moving average of $147.37 and a 200-day moving average of $143.74. Extra Space Storage has a one year low of $125.71 and a one year high of $158.88.
About Extra Space Storage
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.
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