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. reports news as a self-administered and self-managed REIT focused on self-storage properties in the United States. The company owns, operates and manages stores under the Extra Space brand, including storage units for personal use, boat storage, RV storage and business storage.
Recurring company updates include quarterly and annual operating results, FFO and Core FFO reconciliations, same-store revenue and expense metrics, dividend declarations and tax reporting for distributions. News also covers portfolio activity, third-party management, joint ventures, and governance or leadership changes tied to its REIT structure.
Extra Space Storage Inc. (NYSE: EXR) will release its financial results for Q3 2021 on October 27, 2021, after market close. A conference call led by CEO Joe Margolis and CFO Scott Stubbs is scheduled for October 28, 2021, at 1:00 p.m. ET. This call will cover operating performance and recent events, with a Q&A session for registered financial analysts. Interested parties can listen in via phone or the company website, where a replay will be available for 30 days. Extra Space Storage operates 1,973 self-storage properties across the U.S.
Extra Space Storage Inc. (NYSE:EXR) announced reaching a milestone of 800 managed properties through its ManagementPlus platform, which constitutes about 40% of its facilities. This achievement coincides with the company being recognized as the Best Third-Party Management Company in the 2021 Inside Self Storage reader-choice poll. In 2021, Extra Space added over 100 stores to its platform and aims to manage a total of approximately 200 by year-end, serving over 500,000 customers across more than 60 million net rentable square feet.
Extra Space Storage Inc. (NYSE: EXR) announced the pricing of $600 million in 2.350% senior notes due 2032, priced at 99.797% of the principal amount. The offering, set to close on September 22, 2021, will be utilized for acquisitions, debt repayment, and general corporate purposes. The notes are guaranteed by Extra Space and certain subsidiaries, contributing to its solid financial position as a leading self-storage operator in the U.S. Currently, Extra Space manages nearly 2,000 properties, making it the second largest in the country.
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.