Extra Space Storage Declares Generous Third Quarter Dividend
Dividend Announcement for Extra Space Storage Inc.
Extra Space Storage Inc. (NYSE: EXR) recently declared its third quarter dividend, reaffirming its commitment to delivering value to its shareholders. The announced dividend is set at $1.62 per share on the common stock. Shareholders can expect to receive this dividend on September 30, enhancing their investment returns.
Details of the Dividend Declaration
The dividend will be paid to stockholders of record as of September 15. This timely announcement reflects the company’s robust financial performance and commitment to rewarding its investors. By affirming such a dividend, Extra Space Storage continues to strengthen investor confidence and reflects its operational success.
Company Overview
Extra Space Storage Inc., a fully integrated, self-administered, and self-managed real estate investment trust, is one of the largest operators of self-storage properties in the United States. The company, a proud member of the S&P 500, operates thousands of self-storage locations across the country, demonstrating significant industry presence.
Growth and Operations
As of the mid-year, the company owns and operates over 4,179 self-storage properties, providing around 2.9 million storage units, which collectively offer approximately 321.5 million square feet of rentable space. Their extensive network of facilities includes a variety of storage options such as boat storage, RV storage, and dedicated business storage areas tailored for commercial needs.
Market Position
Extra Space Storage stands out in the self-storage market by not only providing secure storage solutions but by focusing on excellent customer service. With well-located facilities, the company caters to diverse customer needs, from individuals seeking personal storage to businesses needing commercial space. This strategic approach has helped maintain its dominant position in the competitive landscape.
Investor Relations
For those interested in learning more about Extra Space Storage or exploring investment opportunities, they can find further details through their corporate website. It provides invaluable insights into their operational strategies, company updates, and investment details that can aid potential investors in making informed decisions.
Why Invest in Extra Space Storage?
Investing in Extra Space Storage Inc. offers potential for steady income through its dividends alongside appreciation opportunities as the self-storage market continues to grow. The demand for reliable storage solutions has been on the rise, influenced by urbanization trends and the increasing need for flexible storage options among consumers and businesses alike.
Frequently Asked Questions
What is the dividend per share declared by Extra Space Storage Inc.?
The company has declared a third quarter dividend of $1.62 per share.
When will the dividend be paid?
The dividend is scheduled to be paid on September 30 to shareholders of record by September 15.
What is the business model of Extra Space Storage Inc.?
Extra Space Storage operates self-storage facilities, focusing on providing a wide range of storage solutions to both individual and commercial clients.
How many properties does Extra Space Storage own?
The company owns and operates over 4,179 self-storage properties across the United States.
Why is investing in Extra Space Storage appealing?
The company offers strong growth potential due to increasing demand for storage solutions and reliable dividends for shareholders.
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