Extra Space Storage

Extra Space Storage, Inc. is a real estate investment trust. It operates through the following segments: Self-Storage Operations and Tenant Reinsurance. The Self-Storage Operations segment includes rental operations of wholly-owned stores. The Tenant Reinsurance segment includes reinsurance of risks relating to the loss of goods stored by tenants in stores. The company was founded by Kenneth Musser Woolley on April 30, 2004, and is headquartered in Salt Lake City, UT.

Earnings data Q1 2023

Earnings data Q2 2023

SALT LAKE CITY , March 21, 2023 /PRNewswire/ -- Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP (the "operating partnership"), has priced a public offering of $500 million aggregate principal amount of 5.700% senior notes due 2028 (the "Notes"). The Notes were priced at 99.823% of the principal amount and will mature on April 1, 2028.

Extra Space Announces Pricing of $500 Million of 5.700% Senior Notes due 2028

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Favorable self-storage industry fundamentals, accretive buyouts and a solid balance-sheet position drive Extra Space Storage's (EXR) 11.2% quarter-to-date rise.

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Extra Space Storage recently announced an 8% dividend increase, bringing the yield to the 4% mark. The stock is trading 27% off 52-week highs, putting shares at a double-digit discount to fair value.

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In this article, we start by discussing the fundamentals of industrial and self-storage real estate. Thanks to strong tailwinds, Extra Space Storage continues to excel, hiking its dividend by another 8% thanks to outperforming same-store revenue growth and higher margins.

Why I'm Buying More Extra Space Storage

Extra Space Storage Inc. (NYSE:EXR ) Q4 2022 Results Conference Call February 23, 2023 1:00 PM ET Company Participants Jeff Norman - VP of IR and Corporate Communications Joe Margolis - Chief Executive Officer Scott Stubbs - CFO Conference Call Participants Michael Goldsmith - UBS Jeffrey Spector - BofA Securities Todd Thomas - KeyBanc Capital Markets Keegan Carl - Wolfe Research Smedes Rose - Citi Spenser Allaway - Green Street Ronald Kamdem - Morgan Stanley Juan Sanabria - BMO Capital Markets Steve Sakwa - Evercore ISI Ki Bin Kim - Truist Operator Good day, and thank you for all for standing by. Welcome to the Q4 2022 Extra Space Storage, Inc. Earnings Conference Call.

Extra Space Storage Inc. (EXR) Q4 2022 Earnings Call Transcript

Extra Space's (EXR) Q4 results benefit from higher average rates for existing customers and a rise in other operating income. However, it provides a lower-than-expected 2023 projection.

Extra Space (EXR) Tops Q4 FFO, Guides '23 Below Expectation

Extra Space Storage (EXR) delivered FFO and revenue surprises of 0.48% and 2.28%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Extra Space Storage (EXR) Tops Q4 FFO and Revenue Estimates

SALT LAKE CITY , Feb. 22, 2023 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, announced operating results for the three months and year ended December 31, 2022. Highlights for the three months ended December 31, 2022: Achieved net income attributable to common stockholders of $1.52 per diluted share, representing a 24.0% decrease compared to the same period in the prior year (which prior period included a $76.9 million, or $0.54/share, gain on real estate transactions).

Extra Space Storage Inc. Reports 2022 Fourth Quarter and Year-End Results

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Extra Space Storage (EXR) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

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Extra Space Storage's (EXR) Q4 results are likely to reflect gains from high brand value and its solid presence in key cities.

What's in Store for Extra Space Storage (EXR) in Q4 Earnings?

SALT LAKE CITY , Feb. 16, 2023 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a first quarter 2023 dividend of $1.62 per share on the common stock of the Company, an 8% increase over the prior quarter's dividend.  The dividend is payable on March 31, 2023 to stockholders of record at the close of business on March 15, 2023.

Extra Space Storage Inc. Announces 1st Quarter 2023 Dividend

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