Extra Space Storage Inc. Announces 3rd Quarter 2021 Dividend

Rhea-AI Summary

Extra Space Storage Inc. (NYSE: EXR) declared a quarterly dividend of $1.25 per share for Q3 2021, marking a 25% increase from the previous quarter. This dividend is scheduled for payment on September 30, 2021, to stockholders of record by September 15, 2021. The company, headquartered in Salt Lake City, is a leading self-storage REIT, owning and operating 1,973 properties with approximately 152.6 million square feet of rentable space across the U.S.

Positive

• Quarterly dividend increased by 25%, now at $1.25 per share, reflecting strong company performance.
• Extra Space Storage operates 1,973 properties, enhancing its market position as the second-largest self-storage operator in the U.S.

Negative

• None.

SALT LAKE CITY, Aug. 23, 2021 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a quarterly dividend of $1.25 per share on the common stock of the Company for the third quarter 2021, a 25% increase from the previous quarter.  The dividend is payable on September 30, 2021 to stockholders of record at the close of business on September 15, 2021. 

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 June 30, 2021, the Company owned and/or operated 1,973 self-storage properties, which comprise approximately 1.4 million units and approximately 152.6 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 Extra Space Storage for Q3 2021?

Extra Space Storage declared a dividend of $1.25 per share for Q3 2021.

When is the dividend payable to shareholders?

The dividend is payable on September 30, 2021, to stockholders of record on September 15, 2021.

How much did Extra Space Storage increase its dividend by for Q3 2021?

The dividend was increased by 25% compared to the previous quarter.

What is the significance of Extra Space Storage's dividend increase?

The dividend increase signifies the company's strong financial performance and commitment to returning value to shareholders.