SALT LAKE CITY, Aug. 21, 2025 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a third quarter 2025 dividend of $1.62 per share on the common stock of the Company.  The dividend is payable on September 30, 2025, to stockholders of record at the close of business on September 15, 2025. About Extra Space Storage Inc.Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self- ...

Core Viewpoint - Extra Space Storage Inc. is set to release its financial results for the three and six months ending June 30, 2025, on July 30, 2025, after market close, followed by a conference call on July 31, 2025, at 1:00 p.m. Eastern Time to discuss these results [1][2]. Company Overview - Extra Space Storage Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT) and a member of the S&P 500 [7]. - As of March 31, 2025, the company owned and/or operated 4,099 self-storage properties, comprising approximately 2.8 million units and about 315.0 million square feet of rentable storage space [7]. - The company is the largest operator of self-storage properties in the United States, offering a wide selection of conveniently located and secure storage units, including options for boat storage, RV storage, and business storage [7]. Conference Call Details - The conference call will include a review of operating performance, discussion of recent events, and a question-and-answer period limited to registered financial analysts [2]. - A live webcast of the conference call will be available on the company's investor relations page, and participants can pre-register to receive a special dial-in number and PIN [3][4]. - A replay of the conference call will be accessible on the investor relations website starting July 31, 2025, at 5:00 p.m. ET, remaining available for one year [5]. Earnings Report Availability - The full text of the earnings report and supplemental data will be available on the company's investor relations website immediately following the earnings release on July 30, 2025 [6].

Company Overview - Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500 [2] - As of March 31, 2025, the company owned and/or operated 4,099 self-storage properties, comprising approximately 2.8 million units and about 315.0 million square feet of rentable storage space [2] - The company is the largest operator of self-storage properties in the United States, offering a wide selection of conveniently located and secure storage units, including boat storage, RV storage, and business storage [2] Dividend Announcement - The company's board of directors declared a second quarter 2025 dividend of $1.62 per share on the common stock [1] - The dividend is payable on June 30, 2025, to stockholders of record at the close of business on June 16, 2025 [1]

Core Insights - Extra Space Storage Inc. reported strong operating results for Q1 2025, exceeding same-store revenue expectations and maintaining high occupancy rates, while also growing capital-light ancillary businesses [3][8] - The company achieved a net income attributable to common stockholders of $270.9 million, or $1.28 per diluted share, a 26.7% increase from the previous year [8][40] - Funds from operations (FFO) were reported at $428.1 million, or $1.93 per diluted share, with Core FFO at $443.9 million, or $2.00 per diluted share, reflecting a 2.0% increase year-over-year [4][8] Financial Performance - Same-store property revenues increased by 0.3% to $659.7 million, while same-store net operating income (NOI) decreased by 1.2% to $467.3 million [7][9] - The company reported an ending same-store occupancy of 93.4%, up from 92.4% in the prior year [8][9] - Total revenues for the quarter were $820.0 million, compared to $799.5 million in Q1 2024 [40] Investment Activity - The company acquired 12 operating stores for approximately $153.8 million and engaged in joint ventures for additional acquisitions totaling $38.3 million [8][12] - During the quarter, Extra Space Storage originated $53.2 million in bridge loans and sold $27.7 million in mortgage bridge loans, with outstanding balances of approximately $1.4 billion [19][20] - The company managed a total of 2,114 stores, making it the largest self-storage management company in the U.S. [20] Balance Sheet and Capital Management - As of March 31, 2025, the company had total assets of approximately $29.0 billion and total liabilities of $14.2 billion [38][40] - The company did not issue any shares under its ATM program during the quarter and had $800.0 million available for issuance [21] - A quarterly dividend of $1.62 per share was paid to stockholders, consistent with the previous quarter [26] Outlook - The company maintained its Core FFO guidance for 2025, projecting a range of $8.00 to $8.30 per share, with same-store revenue growth expectations between -0.75% and 1.25% [27][28] - The company anticipates same-store expense growth of 3.75% to 5.25% for the year [28]