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SALT LAKE CITY - Extra Space Storage Inc. (NYSE: EXR), a leading real estate investment trust in the self-storage industry, has announced a dividend for the second quarter of 2025. The company’s board of directors declared a dividend of $1.62 per share on the common stock. This dividend is scheduled to be paid on June 30, 2025, to shareholders who are on record as of the close of business on June 16, 2025. According to InvestingPro data, the company has maintained dividend payments for 22 consecutive years, with a current dividend yield of 4.46%.
The announcement reflects the company’s ongoing financial strategies and commitment to providing value to its shareholders. Extra Space Storage Inc., with a market capitalization of $32.14 billion, is known for owning and operating a substantial number of self-storage properties across the United States. As of March 31, 2025, the company managed over 4,099 properties, translating to roughly 2.8 million units and about 315.0 million square feet of rentable space under the Extra Space brand. InvestingPro analysis shows the company maintains strong financial health with a current ratio of 4.02, indicating robust liquidity.
This dividend declaration is a key financial event for the company and its investors, signifying the company’s performance and its board’s confidence in the financial health of the business. Extra Space Storage Inc. is a significant player in the self-storage market and is listed on the S&P 500 index, highlighting its status as one of the largest operators in the sector.
The company’s portfolio includes a diverse range of storage solutions catering to various customer needs, including boat storage, RV storage, and business storage. With strategically located and secure storage units, Extra Space Storage Inc. continues to serve a broad customer base across the country.
Investors and market watchers often view dividend announcements as indicators of a company’s profitability and stability. The announcement made today is based on a press release statement from Extra Space Storage Inc. and provides shareholders with relevant information on the upcoming financial distribution.
In other recent news, Extra Space Storage Inc. reported stronger-than-expected earnings for the first quarter of 2025, with earnings per share (EPS) of $1.28, surpassing the forecast of $1.04. However, the company slightly missed revenue expectations, reporting $820 million against a forecast of $823.9 million. KeyBanc Capital Markets maintained an Overweight rating and a $178.00 price target for Extra Space Storage, citing the company’s consistent performance and signs of stabilization in the self-storage sector. The firm highlighted the integration of the LSI portfolio as a positive influence on the company’s future revenue growth. In a significant leadership change, Extra Space Storage announced that Jeff Norman will succeed P. Scott Stubbs as Chief Financial Officer, effective July 1, 2025. Stubbs will retire after a 25-year tenure, during which the company expanded significantly under his financial guidance. The company continues to focus on strategic growth, including the expansion of its third-party management platform and maintaining a strong balance sheet.
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