Extra Space Storage Inc. Announces Tax Reporting Information for 2022 Distributions

Rhea-AI Summary

Extra Space Storage Inc. (NYSE: EXR) announced the tax allocations of its 2022 dividend distributions. The total distribution per share for the year is $6.00, with an ordinary dividend per share of $5.894046. Key dates include the ex-dividend date on 03/14/2022, record date on 03/15/2022, and payable date on 03/31/2022. Shareholders are encouraged to consult tax advisors regarding the implications of these distributions in their tax filings. The information is based on preliminary tax results and may be subject to adjustments.

Positive

• Total distribution per share of $6.00 reflects strong dividend policy.
• Ordinary dividend of $5.894046 per share is attractive to investors.
• Company maintains clear communication regarding tax implications for shareholders.

Negative

• Distributions are subject to potential adjustments, indicating some uncertainty.

SALT LAKE CITY, Jan. 25, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company") announced today the tax allocations of the Company's 2022 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)
03/14/2022	03/15/2022	03/31/2022	$1.500000	$1.473512	$0.000000	$0.026488	$0.000337	$1.473512	$0.026488
06/14/2022	06/15/2022	06/30/2022	$1.500000	$1.473512	$0.000000	$0.026488	$0.000337	$1.473512	$0.026488
09/14/2022	09/15/2022	09/30/2022	$1.500000	$1.473512	$0.000000	$0.026488	$0.000337	$1.473512	$0.026488
12/13/2022	12/14/2022	12/30/2022	$1.500000	$1.473512	$0.000000	$0.026488	$0.000337	$1.473512	$0.026488
		Totals	$6.000000	$5.894046	$0.000000	$0.105954	$0.001347	$5.894046	$0.105954

1.	Of the Total Capital Gain Distribution in box 2a, 98.87% is excluded under Treas. Reg. §1.1061-4(b)(7). The remaining 1.13% 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 September 30, 2022, the Company owned and/or operated 2,327 self-storage properties, which comprise approximately 1.6 million units and approximately 175.1 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 total distribution per share for EXR in 2022?

The total distribution per share for Extra Space Storage Inc. (EXR) in 2022 is $6.00.

What are the key dates for the 2022 dividends of EXR?

The key dates for the 2022 dividends of EXR include the ex-dividend date on 03/14/2022, record date on 03/15/2022, and payable date on 03/31/2022.

What was the ordinary dividend per share for EXR in 2022?

The ordinary dividend per share for Extra Space Storage Inc. (EXR) in 2022 was $5.894046.

Why should shareholders consult tax advisors regarding EXR distributions?

Shareholders should consult tax advisors to understand the specific tax treatment of the distributions reported by Extra Space Storage Inc. (EXR).