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 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.
Extra Space Storage Inc. (NYSE: EXR) has announced the tax allocations for its 2021 dividend distributions. The ex-dividend date is March 12, 2021, with a record date of March 15, 2021, and payment on March 31, 2021. The total distribution per share is $4.500000, consisting of ordinary dividends, qualified dividends, and capital gain distributions, with varying amounts. The company advises shareholders to consult their tax advisors for specific tax treatment. This information is preliminary and may be subject to adjustments upon final tax filing.
Extra Space Storage Inc. (NYSE: EXR) will release its financial results for the year ended December 31, 2021, on February 23, 2022. A conference call is scheduled for February 24, 2022, at 1:00 p.m. ET, hosted by CEO Joe Margolis and CFO Scott Stubbs. During the call, they will discuss the company's operating performance and answer questions from registered analysts. The earnings report will be available on the company’s website immediately after the release. This call marks an important opportunity for investors to gauge the company's financial health and growth prospects.
Extra Space Storage Inc. (NYSE: EXR) has declared a quarterly dividend of $1.25 per share for Q4 2021, payable on December 31, 2021. Stockholders on record by December 15, 2021 will receive the dividend, reflecting the company's commitment to returning value to shareholders. Headquartered in Salt Lake City, Extra Space Storage operates 2,054 self-storage properties across the U.S., making it the second-largest in the country. The company continues to bolster investor confidence with consistent dividend payments.
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Extra Space Storage Inc. (NYSE: EXR) reported substantial growth in Q3 2021, with net income reaching $1.40 per diluted share, a 59.1% increase year-over-year. Funds from operations (FFO) rose 41.2% to $1.85 per diluted share. Same-store revenue and net operating income (NOI) surged by 18.4% and 27.8%, respectively. The company acquired 10 operating stores and 4 newly constructed stores for approximately $198 million. Additionally, it paid a quarterly dividend of $1.25 per share, reflecting a 25% increase. Total managed stores reached 1,088, solidifying its position as a leader in self-storage management.