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 (NYSE: EXR) reported robust Q2 2022 results, with net income of $1.73 per diluted share, marking a 38.4% year-over-year increase. Funds from operations (FFO) hit $2.12 per share, a 29.9% rise, while same-store revenue grew by 21.7%. The company acquired 12 operating stores and completed a $231.4 million investment in new developments. Occupancy slightly declined to 95.9%, down from 96.9% in Q2 2021. The quarterly dividend was maintained at $1.50 per share. The company raised its annual FFO guidance for the second time this year, reflecting continued operational strength.
Extra Space Storage (NYSE: EXR) has announced its partnership with Project Destined for a paid summer internship program aimed at mentoring students from underserved communities in financial literacy and real estate. This marks Extra Space as the first self-storage company to participate in such a program. The internship focuses on providing real-world experience in the self-storage sector, with the aim of preparing students for careers in commercial real estate. Over 160 real estate firms have collaborated with Project Destined since its inception in 2016, impacting more than 3,500 participants across various cities.
Extra Space Storage Inc. (NYSE: EXR) announced it will release financial results for the three and six months ended June 30, 2022, on August 2, 2022, after market close. A conference call will occur on August 3, 2022, at 1:00 p.m. ET, featuring CEO Joe Margolis and CFO Scott Stubbs. The call will include a review of operating performance and a Q&A session, limited to registered financial analysts. Results and supplemental data will be available on their investor relations website following the earnings release.
Extra Space Storage Inc. (NYSE: EXR) has declared a quarterly dividend of $1.50 per share for the second quarter of 2022. This dividend is payable on June 30, 2022, to shareholders of record by the end of business on June 15, 2022. As of March 31, 2022, the company owned and operated 2,130 self-storage properties, totaling approximately 164.2 million square feet and 1.5 million storage units across the U.S.
Extra Space Storage Inc. (NYSE: EXR) reported Q1 2022 results with a net income of $1.51 per diluted share, a 1.3% decrease from the prior year, impacted by a $63.9 million gain in 2021. Funds from operations (FFO) grew by 34.0% to $2.01 per share. Same-store revenue rose 21.7%, while net operating income (NOI) increased by 27.6%. The occupancy rate fell to 94.5%. The company acquired 14 operating stores for approximately $225 million and paid a boosted dividend of $1.50 per share, up 20% from the last quarter. Future growth aims for same-store revenue growth of 13% to 15%.
Extra Space Storage Inc. (NYSE: EXR) announced that it will release its financial results for the first quarter of 2022 on May 3, 2022, after market close. A conference call discussing these results will take place on May 4, 2022, at 1:00 p.m. ET, led by CEO Joe Margolis and CFO Scott Stubbs. The call will include an overview of operating performance and a Q&A session for registered financial analysts. The earnings report will be accessible on the Company’s website following the release.
Extra Space Storage Inc. (NYSE: EXR) announced the pricing of a public offering of $400 million in 3.900% senior notes due April 1, 2029. The notes were priced at 99.885% of the principal amount and are expected to close by March 31, 2022, subject to standard conditions. Proceeds will fund acquisition opportunities, repay outstanding debt, and support general corporate purposes. The offering is managed by several financial institutions, and the notes are guaranteed by Extra Space and its subsidiaries.
Extra Space Storage (NYSE: EXR) reported strong Q4 2021 results with a net income of $2.00 per diluted share, a 68.1% increase year-over-year. Funds from operations (FFO) reached $1.91 per share, reflecting a 29.1% growth. The company increased same-store revenue by 18.3% and net operating income by 24.2%. Over the year, net income was $6.19 per share, also up 66.8%. The company acquired 63 operating stores costing approximately $1.1 billion and sold 17 stores, gaining $76.9 million. A quarterly dividend of $1.25 per share was paid.
Extra Space Storage Inc. has declared a quarterly dividend of $1.50 per share for Q1 2022, marking a 20% increase from the previous quarter and a 50% increase year-over-year. This dividend is payable on March 31, 2022 to shareholders on record as of March 15, 2022. The company operates 2,096 self-storage properties with approximately 1.5 million units, making it the second-largest self-storage operator in the U.S.
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