Welcome to our dedicated page for Extra Space Storage news (Ticker: EXR), a resource for investors and traders seeking the latest updates and insights on Extra Space Storage stock.
Extra Space Storage Inc. (NYSE: EXR) is a fully integrated self-storage REIT headquartered in Salt Lake City, Utah and a member of the S&P 500 index. This news page aggregates company-specific updates drawn from official press releases and regulatory disclosures, giving readers a focused view of developments affecting EXR stock and the Extra Space Storage platform.
According to its public statements, Extra Space Storage is the largest operator of self-storage properties in the United States, owning and/or operating thousands of facilities under the Extra Space brand. News about the company frequently covers quarterly earnings results, including metrics such as funds from operations (FFO), Core FFO, same-store revenues, net operating income (NOI) and occupancy levels. These releases also highlight acquisition activity, joint venture buyouts, development completions and changes in the company’s bridge loan portfolio.
Investors following EXR can also expect capital markets and financing news, such as announcements of senior note offerings, amendments to unsecured credit facilities and updates on available borrowing capacity. The company’s 2025 disclosures include details of an $800 million senior notes offering due 2033 and a fourth amended and restated credit agreement providing for a multi-billion-dollar unsecured credit facility.
Another recurring theme in Extra Space Storage’s news is dividend declarations and corporate governance updates. The company issues press releases when its board declares quarterly dividends on common stock, and when it schedules earnings release dates and conference calls. Leadership and organizational changes, including executive promotions and planned successions, are also reported through news releases and related Form 8-K filings.
By monitoring this EXR news feed, readers can review historical and ongoing announcements about operating performance, portfolio growth, financing activities and management developments that the company has chosen to disclose publicly.
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.
Extra Space Storage Inc. (NYSE: EXR) reported robust Q2 2021 results, with a net income per diluted share of $1.25, a 56.3% increase year-over-year. Funds from operations (FFO) also grew 33.3% to $1.64 per share. The company achieved a 13.6% rise in same-store revenue and a 20.2% increase in same-store net operating income. Occupancy reached 97%, up from 94.2% a year prior. Extra Space acquired 22 operating stores for $332.4 million and raised $450 million through a bond offering. A dividend of $1.00 per share was paid, reflecting strong financial health and growth outlook.
Extra Space Storage (NYSE: EXR) reaches a milestone by onboarding its 2,000th property, doubling its store count since 2013. The company operates over 2,000 stores across 40 states and Washington, D.C., providing 1.4 million units and 156 million square feet of rentable space. In 2020, it invested over $900 million in growth. Of the 2,000 stores, 53% are wholly owned, 7% are joint ventures, and 40% are managed for independent owners. CEO Joe Margolis emphasized the company’s stability and the exceptional performance of its 4,000+ employees.
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Extra Space Storage (NYSE: EXR) will release its financial results for the second quarter of 2021 on July 27, 2021, after market close. A conference call is scheduled for July 28, 2021, at 1:00 PM ET, featuring CEO Joe Margolis and CFO Scott Stubbs. The call will discuss operating performance and recent developments, with a Q&A segment limited to registered financial analysts. The earnings report will be available on the company's Investor Relations website immediately following the release.
Extra Space Storage Inc. (NYSE: EXR) has declared a quarterly dividend of $1.00 per share for the second quarter of 2021. This dividend will be paid on June 30, 2021 to stockholders on record as of the close of business on June 15, 2021. As of March 31, 2021, the Company operates 1,969 self-storage properties with approximately 1.4 million units available across the U.S., making it the second-largest self-storage operator in the country.
Extra Space Storage Inc. (NYSE: EXR) has announced the pricing of a public offering of $450 million in 2.550% senior notes due June 1, 2031. Priced at 99.849%, the offering is expected to close around May 11, 2021. Proceeds will be used for acquisitions, repayment of credit lines, and general corporate needs. The notes will be fully guaranteed by Extra Space and its subsidiaries. The offering is registered with the SEC, and a prospectus will be available for potential investors.
Extra Space Storage Inc. (NYSE: EXR) reported strong Q1 2021 results with net income rising to $1.53 per diluted share, an 84.3% increase year-over-year. Funds from operations (FFO) reached $1.50, a 21.0% increase. Same-store revenue grew by 4.6%, while net operating income (NOI) rose by 6.5%. The company achieved a record occupancy of 95.7% and expanded its footprint by acquiring nine stores for $148.4 million. A quarterly dividend of $1.00 per share was paid out, representing an 11.1% increase from the previous quarter.
Extra Space Storage Inc. (NYSE: EXR) will release its financial results for Q1 2021 on April 28, 2021, post-market. A conference call is scheduled for April 29, 2021, at 1:00 p.m. ET, led by CEO Joe Margolis and CFO Scott Stubbs. The call will review operating performance and recent events, featuring a Q&A for financial analysts. Earnings report details will be available on their website post-release. As of March 31, 2021, the company manages 1,969 storage properties in the U.S., totaling approximately 153.4 million square feet of rentable space.
Extra Space Storage Inc. (NYSE: EXR) announced a public offering of 1,600,000 shares of its common stock, aiming for gross proceeds of approximately $207.7 million. Citigroup and Wells Fargo Securities are joint book-running managers for the offering, which is expected to close around March 23, 2021. The proceeds will fund acquisitions, pay down credit lines, and cover general corporate expenses. The offered shares are under an effective shelf registration statement with the SEC, and the underwriters hold a 30-day option for an additional 240,000 shares.
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