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SALT LAKE CITY - Extra Space Storage Inc. (NYSE:EXR) announced Thursday that its board of directors has declared a third quarter 2025 dividend of $1.62 per share on the company’s common stock.
The dividend will be payable on September 30, 2025, to stockholders of record at the close of business on September 15, 2025.
Extra Space Storage, a member of the S&P 500, is a real estate investment trust that specializes in self-storage properties. As of June 30, 2025, the company owned and/or operated 4,179 self-storage properties comprising approximately 2.9 million units and about 321.5 million square feet of rentable storage space across the United States.
The Salt Lake City-based company offers various storage options including boat storage, RV storage, and business storage solutions. According to the company’s press release statement, Extra Space Storage is currently the largest operator of self-storage properties in the United States. The company maintains a strong financial health score of "GOOD" according to InvestingPro metrics, with liquid assets exceeding short-term obligations.
In other recent news, Extra Space Storage reported its second-quarter 2025 earnings, exceeding earnings per share (EPS) expectations but falling short on revenue. The company posted an EPS of $1.18, surpassing the forecast of $1.15, but revenue came in at $841.62 million, below the anticipated $844.76 million. Additionally, Extra Space Storage announced the pricing of an $800 million public offering in 4.950% senior notes due January 15, 2033. This offering is expected to close around August 8, 2025, subject to customary conditions. On the analyst front, Goldman Sachs downgraded Extra Space Storage from Buy to Neutral, citing a slower growth outlook and estimating average annual funds from operations (FFO) growth of 2.5% from 2025 through 2027. Truist Securities also adjusted its outlook, lowering the price target to $150 from $158 while maintaining a Hold rating. The firm revised its 2025 and 2026 FFO per share estimates slightly downward. These developments highlight the current financial and strategic landscape for Extra Space Storage.
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