Extra Space Storage Inc. Announces 1st Quarter 2022 Dividend

Rhea-AI Summary

Extra Space Storage Inc. has declared a quarterly dividend of $1.50 per share for Q1 2022, marking a 20% increase from the previous quarter and a 50% increase year-over-year. This dividend is payable on March 31, 2022 to shareholders on record as of March 15, 2022. The company operates 2,096 self-storage properties with approximately 1.5 million units, making it the second-largest self-storage operator in the U.S.

Positive

• Quarterly dividend of $1.50 reflects strong company performance.
• 20% increase in quarterly dividend compared to the previous quarter.
• 50% increase in dividend compared to Q1 2021.

Negative

• None.

SALT LAKE CITY, Feb. 16, 2022 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a quarterly dividend of $1.50 per share on the common stock of the Company for the first quarter 2022. This represents a 20% increase over the previous quarter dividend, and a 50% increase over the first quarter 2021 dividend. The dividend is payable on March 31, 2022 to stockholders of record at the close of business on March 15, 2022. 

About Extra Space Storage Inc.
Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500. As of December 31, 2021, the Company owned and/or operated 2,096 self-storage properties, which comprise approximately 1.5 million units and approximately 160.9 million square feet of rentable storage space offering customers conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage properties in the United States and is the largest self-storage management company in the United States.

For more information, please visit www.extraspace.com.

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SOURCE Extra Space Storage Inc.

FAQ

What is the dividend amount declared by EXR for Q1 2022?

Extra Space Storage declared a dividend of $1.50 per share for Q1 2022.

When will the dividend for EXR be paid?

The dividend will be paid on March 31, 2022.

What is the record date for the EXR dividend?

The record date for the dividend is March 15, 2022.

How much has EXR increased its dividend compared to the previous quarter?

EXR has increased its dividend by 20% compared to the previous quarter.

What is the year-over-year increase in EXR's dividend?

The dividend has increased by 50% compared to the first quarter of 2021.