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) 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.
Extra Space Storage (NYSE: EXR) reported Q2 2020 results, showing a net income of $0.80 per diluted share, a 1.2% decrease from Q2 2019. Funds from operations (FFO) were $1.21 per diluted share. Same-store revenue fell by 3.1% and net operating income (NOI) by 4.6%. The company managed 951 stores, reflecting growth in its third-party management platform. As of June 30, 2020, cash and equivalents stood at $56.4 million, with $883 million available in credit. Citing ongoing COVID-19 impacts, the company has not reinstated annual guidance.
Extra Space Storage Inc. (NYSE: EXR) announced its financial results for Q2 2020 will be released on August 4, 2020, after market close. A conference call will follow on August 5, 2020, at 1:00 p.m. ET, hosted by CEO Joe Margolis and CFO Scott Stubbs. This call will cover the company’s operating performance and recent developments, with a Q&A session for registered analysts. The earnings report will be accessible on the company’s website immediately after the release.