EXR dividend yield – Extra Space Storage Increases Quarterly Dividend by 8%, Yielding 4.08% Annually.
February 20, 2023
Trending News 🌥️
Extra Space Storage ($NYSE:EXR) has announced a new quarterly dividend of $1.62 per share, a significant 8% increase from the prior dividend of $1.50. This dividend will be paid out to shareholders of record on March 15th, with the ex-dividend date being the 14th. This dividend has a forward yield of 4.08%, making it an attractive option for investors looking for reliable returns. For those interested in further information on this dividend, Extra Space Storage provides a Dividend Scorecard as well as a Yield Chart and Dividend Growth information to help investors evaluate the potential of this dividend.
These resources are designed to help investors make informed decisions and maximize returns. Extra Space Storage continues to provide reliable dividend payments to its shareholders and this latest increase serves as a testament to its dedication to strong returns. With these latest changes, Extra Space Storage has presented itself as an attractive option for investors looking for reliable income.
Dividends – EXR dividend yield
Extra Space Storage has increased its quarterly dividend by 8%, and is now yielding 4.08% annually. In the last three years, the company has issued an annual dividend per share of 5.75, 4.5, and 3.6 USD, respectively. The resulting dividend yields from 2020 to 2022 have averaged at 3.07%, ranging from 2.96% in 2020 to 3.46% in 2022.
If you are interested in dividend stocks, then Extra Space Storage could be a good option for you. The company’s substantial dividend yields make it an appealing investment for those looking for income from their investments.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for EXR. More…
| Total Revenues | Net Income | Net Margin |
| 1.84k | 924.47 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EXR. More…
| Operations | Investing | Financing |
| 1.13k | -837.54 | -166.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for EXR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.84k | 7.77k | 24.27 |
Key Ratios Snapshot
Some of the financial key ratios for EXR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 54.4% |
| FCF Margin | ROE | ROA |
| – | – | – |
Market Price
Extra Space Storage, a publicly traded Real Estate Investment Trust (REIT), announced Thursday that it will be increasing its quarterly dividend by 8%, bringing the total yield to 4.08% annually. Shortly after the announcement, however, the stock opened at $159.7 and closed at $158.8, down by 2.1% from its prior closing price of 162.2. Extra Space Storage’s dividend increase reflects a positive trend for the company, which is one of the largest operators of self storage units in the U.S. The REIT’s ability to raise dividends and deliver value to investors should continue to make it an attractive option for portfolio managers. This, combined with Extra Space Storage’s track record of consistent growth, suggests that the REIT is well-positioned for further expansion in the near future. Live Quote…
Analysis
At GoodWhale, we have performed an analysis of Extra Space Storage’s financials, giving it a Risk Rating of Low. Our assessment suggests that Extra Space Storage is a low risk investment in terms of financial and business aspects. However, we have detected one risk warning in the balance sheet. To access information regarding this risk warning, become a registered user of GoodWhale. Once registered, you can check out the full details on our platform. More…
Peers
Extra Space Storage Inc is one of the leading self-storage providers in the United States. The company has a large network of facilities across the country and offers a wide range of storage solutions to its customers. Extra Space Storage Inc competes with other self-storage providers such as Global Self Storage Inc, National Storage Affiliates Trust, and Life Storage Inc.
– Global Self Storage Inc ($NASDAQ:SELF)
Global Self Storage is a publicly traded real estate investment trust that owns, operates, and develops self storage properties. Headquartered in New York, the company has over 500 storage facilities across the United States, Canada, and the United Kingdom. Global Self Storage is one of the largest self storage companies in the world with over 30 million square feet of storage space.
– National Storage Affiliates Trust ($NYSE:NSA)
National Storage Affiliates Trust is a publicly traded real estate investment trust focused on the ownership, operation and acquisition of self storage properties located throughout the United States. The company has a market cap of $3.68 billion as of March 2022. National Storage Affiliates Trust is headquartered in Denver, Colorado.
– Life Storage Inc ($NYSE:LSI)
As of 2022, Life Storage Inc has a market cap of 8.69B. The company is a self storage company that operates in the United States. The company has over 850 locations in 38 states.
Summary
The company’s stock price has been resilient during the current pandemic and is likely to remain a solid long-term investment option in the self-storage REIT industry.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
