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 will release its financial results for Q2 2024 on July 30, 2024, after market close. A conference call to discuss these results will be held on July 31, 2024, at 1:00 p.m. ET. The call will be hosted by CEO Joe Margolis and CFO Scott Stubbs. During this call, the company's operating performance and recent events will be reviewed, followed by a Q&A session to registered financial analysts. A live webcast and replay will be available on the company's investor relations website.
Participants can pre-register for the call online to receive a special dial-in number and PIN for quicker access. Full text of the earnings report and supplemental data will be accessible on the company's website immediately after the release.
Extra Space Storage announced a second quarter 2024 dividend of $1.62 per share on its common stock. The dividend will be paid on June 28, 2024, to stockholders of record at the close of business on June 14, 2024. The announcement was made by the company's board of directors on May 24, 2024. The board's decision reflects a commitment to delivering shareholder value and maintaining a strong dividend payout policy.
Extra Space Storage Inc. reported a 30.8% decrease in net income attributable to common stockholders, mainly due to non-cash interest and amortization from the Life Storage Merger. Same-store revenue increased by 1.0%, while same-store NOI decreased by 0.5%. The company acquired new stores and completed developments, originated bridge loans, and added stores to its management platform. Core FFO per share decreased by 3.0% year-over-year.
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