NEW YORK CITY CONSUMER PROTECTION AGENCY FILES LAWSUIT AGAINST EXTRA SPACE, ACCUSING OF DECEPTIVE PRICING PRACTICES, HIDDEN FEES, AND OTHER MISCONDUCT; SEEKS RESTITUTION AND OVER $5 MILLION IN PENALTIES
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 days ago
0mins
Should l Buy EXR?
Source: moomoo
Lawsuit Filed: The New York City Consumer Protection Agency has filed a lawsuit against Extra Space, alleging bait-and-switch pricing practices and junk fees.
Claims for Restitution: The agency is seeking restitution for affected consumers and is pursuing penalties exceeding $5 million for the alleged wrongdoings.
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Analyst Views on EXR
Wall Street analysts forecast EXR stock price to rise
11 Analyst Rating
4 Buy
7 Hold
0 Sell
Moderate Buy
Current: 144.340
Low
142.00
Averages
152.00
High
178.00
Current: 144.340
Low
142.00
Averages
152.00
High
178.00
About EXR
Extra Space Storage, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, provides lending to, acquires, develops and redevelops self-storage properties (stores). Its stores offer month-to-month rental of storage space for personal or business use. Its segments include self-storage operations and tenant reinsurance. Its self-storage operations segment includes rental operations of wholly owned stores. Its tenant reinsurance segment includes the reinsurance of risks relating to the loss of goods stored by tenants in its stores. The Company owns and operates 4,238 self-storage properties, which comprise approximately 2.9 million units and approximately 326.9 million square feet of rentable storage space operating under the Extra Space brand. It offers customers a selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Key Companies to Monitor This Week: PCE, Walmart, Palo Alto, Analog Devices, Deere, and Others
- Market Performance: Equities experienced a decline last week, with all three major indexes falling by at least 1.2%.
- Economic Indicators: This downturn occurred despite a better-than-expected jobs report from the Bureau of Labor Statistics and a relatively stable inflation report.
See More
Extra Space Storage Declares Quarterly Dividend
- Quarterly Dividend Declaration: Extra Space Storage has declared a quarterly dividend of $1.62 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
- Yield Information: The forward yield of this dividend stands at 4.43%, providing investors with a relatively attractive return, reflecting the company's competitiveness in the current market environment.
- Payment Schedule: The dividend will be payable on March 31, with a record date of March 16 and an ex-dividend date also on March 16, ensuring shareholders receive their earnings promptly.
- Investor Insights: Investors can refer to EXR's Dividend Scorecard, Yield Chart, and Dividend Growth information to assess its long-term investment value and stability.
See More
Extra Space Storage Declares Q1 2026 Dividend of $1.62 per Share
- Dividend Declaration: Extra Space Storage has announced a Q1 2026 dividend of $1.62 per share, reflecting the company's ongoing profitability and commitment to shareholder returns, which is expected to enhance investor confidence.
- Payment Schedule: The dividend will be payable on March 31, 2026, to shareholders of record as of March 16, 2026, ensuring timely returns for investors and further solidifying the company's relationship with its shareholders.
- Company Scale: As of September 30, 2025, Extra Space Storage owned and operated 4,238 self-storage properties, offering approximately 2.9 million units and 326.9 million square feet of rentable storage space, reinforcing its leadership position in the U.S. self-storage market.
- Market Positioning: As the largest operator of self-storage properties in the U.S., the company provides a diverse range of storage solutions, including boat storage, RV storage, and business storage, catering to various customer needs and driving further business growth.
See More
Extra Space Storage Declares Q1 2026 Dividend of $1.62
- Dividend Declaration: Extra Space Storage has announced a Q1 2026 dividend of $1.62 per share, reflecting the company's strong cash flow and profitability, which is likely to attract more investor interest.
- Payment Date: The dividend will be payable on March 31, 2026, to shareholders of record as of March 16, 2026, ensuring timely returns for shareholders and enhancing their confidence in the company.
- Company Scale: As of September 30, 2025, Extra Space Storage owned and operated 4,238 self-storage properties, offering approximately 2.9 million units and 326.9 million square feet of rentable storage space, solidifying its leadership position in the U.S. market.
- Market Positioning: As the largest operator of self-storage properties in the U.S., the company provides a diverse range of storage solutions, including boat storage, RV storage, and business storage, catering to various customer needs and driving further business growth.
See More
Powell's Tenure Nears End, Market Focuses on His Legacy
- Monetary Policy Balance: As Fed Chair Powell's tenure approaches its end, the market is keenly focused on his performance in balancing maximum employment and stable prices, especially with the upcoming release of the latest meeting minutes, marking one of his final meetings in office.
- Interest Rate Challenges: During Powell's leadership, the Fed has navigated emergency interventions and an aggressive rate-hiking cycle, with the benchmark rate rising from near zero to over 5%; despite initially viewing inflation as 'transitory,' achieving a 'soft landing' for the economy will be a key part of his legacy.
- Market Reaction Expectations: Investors are optimistic about the upcoming personal consumption expenditure data, although the cooler-than-expected CPI could impact the Fed's interest rate outlook, with markets currently pricing in only two quarter-point cuts for the year.
- Industry Dynamics Observation: As concerns over AI disruption grow, stocks in software, finance, and real estate have seen declines, prompting investors to search for the next potentially affected sectors, with Walmart and Deere's upcoming earnings reports likely to be focal points for market attention.
See More
NEW YORK CITY CONSUMER PROTECTION AGENCY FILES LAWSUIT AGAINST EXTRA SPACE, ACCUSING OF DECEPTIVE PRICING PRACTICES, HIDDEN FEES, AND OTHER MISCONDUCT; SEEKS RESTITUTION AND OVER $5 MILLION IN PENALTIES
Lawsuit Filed: The New York City Consumer Protection Agency has filed a lawsuit against Extra Space, alleging bait-and-switch pricing practices and junk fees.
Claims for Restitution: The agency is seeking restitution for affected consumers and is pursuing penalties exceeding $5 million for the alleged wrongdoings.
See More
Key Companies to Monitor This Week: PCE, Walmart, Palo Alto, Analog Devices, Deere, and Others
- Market Performance: Equities experienced a decline last week, with all three major indexes falling by at least 1.2%.
- Economic Indicators: This downturn occurred despite a better-than-expected jobs report from the Bureau of Labor Statistics and a relatively stable inflation report.
See More
Extra Space Storage Declares Quarterly Dividend
- Quarterly Dividend Declaration: Extra Space Storage has declared a quarterly dividend of $1.62 per share, consistent with previous distributions, indicating the company's stable cash flow and profitability.
- Yield Information: The forward yield of this dividend stands at 4.43%, providing investors with a relatively attractive return, reflecting the company's competitiveness in the current market environment.
- Payment Schedule: The dividend will be payable on March 31, with a record date of March 16 and an ex-dividend date also on March 16, ensuring shareholders receive their earnings promptly.
- Investor Insights: Investors can refer to EXR's Dividend Scorecard, Yield Chart, and Dividend Growth information to assess its long-term investment value and stability.
See More
Extra Space Storage Declares Q1 2026 Dividend of $1.62 per Share
- Dividend Declaration: Extra Space Storage has announced a Q1 2026 dividend of $1.62 per share, reflecting the company's ongoing profitability and commitment to shareholder returns, which is expected to enhance investor confidence.
- Payment Schedule: The dividend will be payable on March 31, 2026, to shareholders of record as of March 16, 2026, ensuring timely returns for investors and further solidifying the company's relationship with its shareholders.
- Company Scale: As of September 30, 2025, Extra Space Storage owned and operated 4,238 self-storage properties, offering approximately 2.9 million units and 326.9 million square feet of rentable storage space, reinforcing its leadership position in the U.S. self-storage market.
- Market Positioning: As the largest operator of self-storage properties in the U.S., the company provides a diverse range of storage solutions, including boat storage, RV storage, and business storage, catering to various customer needs and driving further business growth.
See More
Extra Space Storage Declares Q1 2026 Dividend of $1.62
- Dividend Declaration: Extra Space Storage has announced a Q1 2026 dividend of $1.62 per share, reflecting the company's strong cash flow and profitability, which is likely to attract more investor interest.
- Payment Date: The dividend will be payable on March 31, 2026, to shareholders of record as of March 16, 2026, ensuring timely returns for shareholders and enhancing their confidence in the company.
- Company Scale: As of September 30, 2025, Extra Space Storage owned and operated 4,238 self-storage properties, offering approximately 2.9 million units and 326.9 million square feet of rentable storage space, solidifying its leadership position in the U.S. market.
- Market Positioning: As the largest operator of self-storage properties in the U.S., the company provides a diverse range of storage solutions, including boat storage, RV storage, and business storage, catering to various customer needs and driving further business growth.
See More
Powell's Tenure Nears End, Market Focuses on His Legacy
- Monetary Policy Balance: As Fed Chair Powell's tenure approaches its end, the market is keenly focused on his performance in balancing maximum employment and stable prices, especially with the upcoming release of the latest meeting minutes, marking one of his final meetings in office.
- Interest Rate Challenges: During Powell's leadership, the Fed has navigated emergency interventions and an aggressive rate-hiking cycle, with the benchmark rate rising from near zero to over 5%; despite initially viewing inflation as 'transitory,' achieving a 'soft landing' for the economy will be a key part of his legacy.
- Market Reaction Expectations: Investors are optimistic about the upcoming personal consumption expenditure data, although the cooler-than-expected CPI could impact the Fed's interest rate outlook, with markets currently pricing in only two quarter-point cuts for the year.
- Industry Dynamics Observation: As concerns over AI disruption grow, stocks in software, finance, and real estate have seen declines, prompting investors to search for the next potentially affected sectors, with Walmart and Deere's upcoming earnings reports likely to be focal points for market attention.
See More
NEW YORK CITY CONSUMER PROTECTION AGENCY FILES LAWSUIT AGAINST EXTRA SPACE, ACCUSING OF DECEPTIVE PRICING PRACTICES, HIDDEN FEES, AND OTHER MISCONDUCT; SEEKS RESTITUTION AND OVER $5 MILLION IN PENALTIES
Lawsuit Filed: The New York City Consumer Protection Agency has filed a lawsuit against Extra Space, alleging bait-and-switch pricing practices and junk fees.
Claims for Restitution: The agency is seeking restitution for affected consumers and is pursuing penalties exceeding $5 million for the alleged wrongdoings.
See More
