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. (EXR), a leading self-storage REIT, provides investors and industry observers with timely updates through this comprehensive news hub. Track official announcements, financial disclosures, and strategic developments from one of the largest operators in the U.S. storage sector.
This resource consolidates EXR's earnings reports, facility expansions, and partnership announcements, offering stakeholders efficient access to material information. Users will find updates on property acquisitions, third-party management contracts, and operational innovations that drive the company's performance in competitive real estate markets.
Key categories include quarterly financial results, dividend declarations, sustainability initiatives, and leadership updates. All content is sourced directly from company filings and verified press releases to ensure reliability. Bookmark this page for streamlined monitoring of EXR's market movements and corporate milestones within the evolving self-storage landscape.
Extra Space Storage Inc. (NYSE:EXR) announced tax allocations for its 2020 dividend distributions. The total distribution per share is $3.60, with an ordinary dividend of $3.501724. Key dates include an ex-dividend date of March 13, 2020, a record date of March 16, 2020, and a payable date of March 31, 2020. The release indicates that these allocations will appear on Form 1099-DIV and suggests shareholders consult tax advisors for individual tax implications. The company emphasizes that no material changes in the classification are expected following tax filings.
NexPoint has launched NexPoint Storage Partners, a dedicated real estate investment platform focusing on the self-storage sector, following its acquisition of Jernigan Capital. The new platform's investments total approximately $1.1 billion across 69 self-storage facilities, with a significant emphasis on Generation V facilities in major U.S. markets. Former Jernigan CEO John Good leads this endeavor, supported by a strong partnership with Extra Space Storage, which made a $300 million equity investment, and J.P. Morgan, providing $512 million in financing.
Extra Space Storage Inc. (NYSE: EXR) has declared a quarterly dividend of $0.90 per share for the fourth quarter of 2020. This dividend is payable on December 31, 2020 to stockholders who are on record by the close of business on December 15, 2020. The company, based in Salt Lake City, operates 1,906 self-storage properties across the U.S., amounting to approximately 1.4 million units and 147.5 million square feet of rentable storage space. Extra Space Storage is the second-largest self-storage operator in the U.S.
NexPoint Advisors announced the completion of its acquisition of Jernigan Capital, Inc. (JCAP) in a cash deal valued at approximately $900 million. JCAP will rebrand as NexPoint Storage Partners, receiving $17.30 per share for common stock and $25.00 per Series B preferred stock. The acquisition is supported by $300 million from Extra Space Storage and $512 million in financing from JPMorgan Chase Bank. NexPoint aims to expand its self-storage platform and leverage JCAP's existing assets and management, led by John Good.
Extra Space Storage (NYSE: EXR) announced a $300 million investment in preferred stock of Jernigan Capital, Inc. (JCAP) as part of JCAP’s acquisition by NexPoint Advisors. This investment includes a $200 million tranche yielding 10% per annum and a $100 million tranche at 12%, offering a blended yield of 10.7%. Following the investment, Extra Space will manage 37 JCAP stores, enhancing its asset portfolio. CEO Joe Margolis emphasized the investment’s potential for attractive returns and future growth opportunities in the storage sector.
Extra Space Storage (NYSE: EXR) reported Q3 2020 results with net income of $0.88 per diluted share, a 6.0% increase year-over-year. Funds from operations (FFO) were $1.30 per diluted share, up 5.6%. However, same-store revenue and net operating income (NOI) decreased by 1.5% and 2.7%, respectively. Occupancy improved to 95.9%, up from 93.8% in 2019. The company acquired eight stores for $87.4 million and paid a quarterly dividend of $0.90 per share. Due to COVID-19 uncertainties, annual guidance has not been reinstated. The CEO noted strong demand and reduced vacates as positive trends.
Extra Space Storage Inc. (NYSE: EXR) will release its financial results for Q3 2020 on November 4, 2020, after market close. A conference call will follow at 1:00 p.m. ET on November 5, 2020, led by CEO Joe Margolis and CFO Scott Stubbs. The earnings report will be available on the company's website post-release. Extra Space Storage, based in Salt Lake City, operates 1,878 self-storage properties, representing approximately 1.3 million units and 145.4 million square feet of rentable space as of June 30, 2020.
Extra Space Storage Inc. (NYSE: EXR) announced that CEO Joseph D. Margolis and CFO Scott Stubbs will participate in a roundtable presentation at the Bank of America Merrill Lynch 2020 Global Real Estate Conference in New York, NY. The event is set for September 15, 2020, at 12:00 p.m. ET, accessible via webcast. The recorded session will be available until January 15, 2021. As of June 30, 2020, Extra Space Storage managed 1,878 properties with approximately 1.4 million units and 145.4 million square feet of rentable space, making it a leader in the self-storage sector.
Extra Space Storage Inc. (NYSE: EXR) has declared a quarterly dividend of $0.90 per share for the third quarter of 2020. The dividend is scheduled for payment on September 30, 2020, to stockholders recorded by the close of business on September 15, 2020. This announcement underscores the company's commitment to providing returns to its investors. As of June 30, 2020, Extra Space Storage operated 1,878 properties across the United States, solidifying its position as a leading self-storage operator.
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