Resulting in Total Third Quarter Payout of
$1.62 per share of Common
Stock
SALT
LAKE CITY, Aug. 18, 2023 /PRNewswire/ -- Extra
Space Storage Inc. ("EXR" or the "Company") (NYSE: EXR) announced
today that the Company's board of directors has declared a dividend
of $0.61 per share of common stock to
be paid on September 29, 2023 to
stockholders of record at the close of business on September 15, 2023.
In addition to this dividend of $0.61 per share of common stock, the Company
previously paid a dividend of $1.01
per share of common stock on July 19,
2023 prior to its merger with Life Storage, Inc. The
pre-closing dividend was attributed to the total amount paid for
the third quarter, so that between the pre-closing dividend of
$1.01 per share and today's announced
quarterly dividend of $0.61 per share
to be paid, an EXR stockholder will receive a total dividend of
$1.62 per share of common stock,
consistent with the Company's second quarter 2023 dividend.
It is anticipated that the Company's board of directors will
return to its historical practice of paying a single quarterly
dividend during the fourth quarter of 2023.
About Extra Space Storage Inc.
Extra Space Storage
Inc., headquartered in Salt Lake
City, is a fully integrated, self-administered and
self-managed real estate investment trust, and a member of the
S&P 500. As of June 30,
2023, Extra Space owned and/or operated 2,438 self-storage
properties, which comprise approximately 1.7 million units and
approximately 184.3 million square feet of rentable storage space.
With the completed merger, Extra Space now has over 3,600 locations
under the Extra Space, Life Storage and Storage Express brands, and
it is the largest operator of self-storage properties in the United
States.
For more information, please visit www.extraspace.com.
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SOURCE Extra Space Storage Inc.