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 (NYSE: EXR) has announced its dividend payment for the first quarter of 2025. The company's board of directors has declared a quarterly dividend of $1.62 per share on common stock. Shareholders who are recorded as stockholders at the close of business on March 14, 2025, will receive the dividend payment on March 31, 2025.
Extra Space Storage (NYSE:EXR) has released its tax allocation details for 2024 dividend distributions on common stock. The company distributed a total of $6.48 per share throughout 2024, paid in four equal quarterly installments of $1.62 per share.
The distributions breakdown includes: $6.328823 as Ordinary Dividend, of which $1.179667 qualified as Qualified Dividend, $0.151177 as Capital Gain Distribution, $0.062120 as Unrecaptured Section 1250 Gain, and $5.149156 as Section 199A Dividend. Of the Capital Gain Distribution, 90.42% is excluded under Treas. Reg. §1.1061-4(b)(7), while 9.58% is classified as a Three-Year Amount.
Extra Space Storage (NYSE: EXR) has scheduled its Q4 and full-year 2024 earnings release for February 25, 2025, after market close. The company will host a conference call on February 26, 2025 at 1:00 p.m. Eastern Time to discuss the financial results.
CEO Joe Margolis and CFO Scott Stubbs will lead the call, which will include an operating performance review and a Q&A session to registered financial analysts. Other participants will have listen-only access. The earnings call will be accessible via webcast on the company's investor relations website, with pre-registration available to avoid delays.
A replay of the webcast will be available from February 26, 2025, at 5:00 p.m. ET and remain accessible for one year. The complete earnings report and supplemental data will be published on the company's investor relations website following the earnings release.
Extra Space Storage (NYSE: EXR) has announced the pricing of an additional $350 million of 5.500% senior notes due 2030. These notes will be combined with previously issued $450 million notes under the same terms. The notes were priced at 101.509% of principal value and will mature on July 1, 2030.
The offering, expected to close around January 22, 2025, is being managed by multiple financial institutions including Wells Fargo Securities, PNC Capital Markets , and US Bancorp as joint book-running managers. The notes will be guaranteed by Extra Space and certain subsidiaries.
The company plans to use the net proceeds to repay outstanding amounts on its lines of credit and commercial paper program, as well as for general corporate purposes and potential acquisitions.
Extra Space Storage announced the pricing of a $300 million add-on offering of 5.700% senior notes due 2028. The notes will be combined with previously issued $500 million notes under the same terms. Priced at 102.857% of principal amount, the notes will mature on April 1, 2028. The offering, expected to close around December 5, 2024, involves multiple financial institutions as joint book-running managers and co-managers. The company plans to use the proceeds to repay credit line amounts and for general corporate purposes, including potential acquisitions.
Extra Space Storage has established an unsecured commercial paper note program through its operating partnership, allowing for the issuance of up to $1 billion in commercial paper notes. The notes will rank equally with other unsecured senior debt and will be fully guaranteed by the company. The program is expected to provide cost benefits compared to the company's existing $2.0 billion revolving credit facility, which will serve as a liquidity backstop. The proceeds will be used for general corporate purposes.
Extra Space Storage (NYSE: EXR) has announced its fourth quarter 2024 dividend payment. The company's board of directors has declared a dividend of $1.62 per share on common stock. Shareholders of record as of December 16, 2024, will receive the dividend payment on December 31, 2024.
Extra Space Storage reported its Q3 2024 results with net income of $0.91 per diluted share, down 5.2% year-over-year, primarily due to a $51.8 million loss from Life Storage trade name impairment. Core FFO was $2.07 per diluted share, up 2.5% from 2023. Same-store revenue decreased by 0.3% and NOI declined by 1.0%. The company maintained strong occupancy at 94.3%, acquired 10 operating stores and one C of O store for $163.9 million, and added 63 stores to its third-party management platform. Moody's revised the company's credit outlook to positive, and a quarterly dividend of $1.62 per share was paid.
Extra Space Storage Inc. (NYSE: EXR) has announced the date for its 3rd Quarter 2024 earnings release and conference call. The company will release its financial results for the three and six months ended Sept 30, 2024, on Tuesday, October 29, 2024, after market close. A conference call will be held on Wednesday, October 30, 2024, at 1:00 p.m. Eastern Time to discuss the results.
The call will be hosted by CEO Joe Margolis and CFO Scott Stubbs. A live webcast will be available on the company's investor relations website. Telephone participants can pre-register to avoid delays. The conference call will be to registered financial analysts for Q&A, with others having listen-only access. A replay of the webcast will be available from October 30, 2024, at 5:00 p.m. ET for one year.
Extra Space Storage (NYSE: EXR) celebrates its 20th anniversary as a publicly traded company on August 20, 2024. Since its IPO in 2004, EXR has grown from 450 employees and 160 properties in 20 states to 7,500 employees and 3,812 properties in 42 states. The company's market cap has surged from $700 million to approximately $35 billion, making it one of the most valuable REITs and an S&P 500 listed company.
EXR now serves over 2.2 million customers across the United States, a 3,100% increase since 2004. The company remains focused on providing convenient, secure, and professional storage solutions. CFO Scott Stubbs expressed gratitude for the company's growth and emphasized their commitment to long-term success, sustainable growth, and delivering value to shareholders.