Extra Space Storage Inc. Announces Tax Reporting Information for 2021 Distributions

Rhea-AI Summary

Extra Space Storage Inc. (NYSE: EXR) has announced the tax allocations for its 2021 dividend distributions. The ex-dividend date is March 12, 2021, with a record date of March 15, 2021, and payment on March 31, 2021. The total distribution per share is $4.500000, consisting of ordinary dividends, qualified dividends, and capital gain distributions, with varying amounts. The company advises shareholders to consult their tax advisors for specific tax treatment. This information is preliminary and may be subject to adjustments upon final tax filing.

Positive

• Total distribution per share reached $4.500000 for 2021, which reflects a solid return to shareholders.
• The company is well-positioned in the market, owning and operating over 2,096 self-storage properties across the U.S.

Negative

• None.

SALT LAKE CITY, Jan. 25, 2022 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company") announced today the tax allocations of the Company's 2021 dividend distributions on its common stock. The allocations, as they will be reported on Form 1099-DIV, are as follows for common shares CUSIP# 30225T102:

Ex-Dividend Date	Record Date	Payable Date	Total Distribution Per Share	Ordinary Dividend Per Share (Box 1a)	Qualified Dividend Per Share (Box 1b)	Capital Gain Distribution Per Share (Box 2a)1	Unrecaptured Section 1250 Gain Per Share (Box 2b)	Section 199A Dividend Per Share (Box 5)	Section 897 Capital Gain Per Share (Box 2f)
03/12/2021	03/15/2021	03/31/2021	$1.000000	$0.983008	$0.001864	$0.016992	$0.004483	$0.981144	$0.016992
06/14/2021	06/15/2021	06/30/2021	$1.000000	$0.983008	$0.001864	$0.016992	$0.004483	$0.981144	$0.016992
09/14/2021	09/15/2021	09/30/2021	$1.250000	$1.228759	$0.002329	$0.021241	$0.005604	$1.226430	$0.021241
12/14/2021	12/15/2021	12/31/2021	$1.250000	$1.228759	$0.002329	$0.021241	$0.005604	$1.226430	$0.021241
		Totals	$4.500000	$4.423534	$0.008386	$0.076466	$0.020173	$4.415148	$0.076466

1.	Of the Total Capital Gain Distribution in box 2a, 76.83% is excluded under Treas. Reg. §1.1061-4(b)(7). The remaining 23.17% is a Three Year Amount under Treas. Reg. §1.1061-6(c).

This release is based on the preliminary results of work on the Company's tax filings and may be subject to correction or adjustment when the filings are completed. The Company is releasing information at this time to aid those required to distribute Forms 1099 on the Company's distributions. No material change in the classification is expected.

Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Company distributions.

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 ex-dividend date for Extra Space Storage's 2021 distributions?

The ex-dividend date is March 12, 2021.

When will Extra Space Storage pay its 2021 dividends?

The dividends will be payable on March 31, 2021.

What is the total distribution per share for Extra Space Storage for 2021?

The total distribution per share for 2021 is $4.500000.

How can shareholders find tax treatment information for Extra Space Storage dividends?

Shareholders are encouraged to consult their personal tax advisors regarding the tax treatment of company distributions.

What significant information did Extra Space Storage provide regarding its tax allocations?

The company announced tax allocations for its dividend distributions, which may be subject to correction upon final filings.