Extra Space Storage Declares Q2 2026 Dividend of $1.62 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy EXR?
Source: PRnewswire
- Dividend Announcement: Extra Space Storage has declared a second-quarter 2026 dividend of $1.62 per share, payable on June 30, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Record Date for Shareholders: The record date for this dividend is June 15, 2026, ensuring that investors holding shares before this date will receive the payout, thereby enhancing investor confidence in the company.
- Company Scale: As of March 31, 2026, Extra Space Storage owned and operated 4,344 self-storage properties, offering approximately 3.0 million units and 335.6 million square feet of rentable storage space, solidifying 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 further driving business growth.
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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: 142.190
Low
142.00
Averages
152.00
High
178.00
Current: 142.190
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.
Extra Space Storage Declares Q2 2026 Dividend of $1.62 per Share
- Dividend Announcement: Extra Space Storage has declared a second-quarter 2026 dividend of $1.62 per share, payable on June 30, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Record Date for Shareholders: The record date for this dividend is June 15, 2026, ensuring that investors holding shares before this date will receive the payout, thereby enhancing investor confidence in the company.
- Company Scale: As of March 31, 2026, Extra Space Storage owned and operated 4,344 self-storage properties, offering approximately 3.0 million units and 335.6 million square feet of rentable storage space, solidifying 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 further driving business growth.
See More
Elixir Energy Initiates Flow-Back at Diona-1 Well After Successful Stimulation
- Flow-Back Operations Begin: Elixir Energy has commenced flow-back and clean-up operations at the Diona-1 well in Queensland's Surat-Bowen Basin after successfully completing stimulation, marking a critical phase in the project.
- Production Metrics: The Diona-1 well was opened on May 10, 2026, and is currently producing gas and condensate at a flowing tubing head pressure of 735 psig through a 20/64-inch choke, indicating strong initial production potential.
- Production Stream Dynamics: As flow-back continues, fluid production is expected to decline while gas and condensate will increasingly dominate the production stream, after which the flow will be redirected through measurement equipment for multi-rate testing and pressure monitoring.
- Equipment Mobilization: The workover rig and associated equipment are being demobilized from the site, while a dedicated well testing package has been installed, preparing for the next operational phase and further advancing the project.
See More
Extra Space Storage Reports Q1 2026 Earnings with Positive Growth Indicators
- Core Earnings Growth: Extra Space Storage reported a core FFO of $2.04 per share for Q1 2026, reflecting a 2% year-over-year increase, indicating the company's stability in revenue growth despite macroeconomic uncertainties.
- Same-Store Revenue Increase: Same-store revenue grew by 1.7%, exceeding internal projections, showcasing a positive trend in customer acquisition and market demand improvement, which is expected to further drive future revenue growth.
- Acquisition Plans: The company projects $200 million in acquisitions for 2026, primarily through asset-light joint venture structures, indicating strategic decisions aimed at expanding market share and enhancing competitiveness.
- Financial Robustness: With 83% of its debt at fixed interest rates and an average rate of 4.3%, along with approximately $2 billion in revolving credit capacity, the company demonstrates a strong financial foundation and capability to navigate market fluctuations.
See More
Extra Space Storage Reports Decline in Q1 Profit
- Profit Decline: Extra Space Storage reported a Q1 profit of $240.97 million, or $1.14 per share, down from $270.87 million and $1.28 per share last year, indicating challenges in maintaining profitability.
- Revenue Growth: Despite the profit decline, the company achieved a 4.4% increase in revenue to $856.02 million compared to $819.99 million last year, suggesting ongoing business expansion even as profitability falters.
- Future Guidance: The company provided full-year EPS guidance of $4.52 to $4.82, reflecting cautious optimism from management regarding future profitability, which may influence investor sentiment.
- Market Reaction: Given the profit decline, market reactions to Extra Space Storage may lean negative, prompting investors to closely monitor how the company addresses profitability pressures and its future growth strategies.
See More
Extra Space Storage Q1 Earnings Announcement Scheduled
- Earnings Release Date: Extra Space Storage (EXR) is set to announce its Q1 2023 earnings results on April 28th after market close, with consensus estimates for FFO at $2.01 and revenue at $727.72 million, indicating market anticipation of its financial performance.
- Performance Expectations: The expected FFO of $2.01 and revenue of $727.72 million provide investors with an initial assessment of the company's future performance, which could significantly influence its stock price trajectory.
- Historical Performance Review: In Q4 2022, Extra Space Storage reported an FFO of $2.08, beating estimates by $0.04, and revenue of $857.5 million, exceeding expectations by $124.64 million, showcasing the company's strong performance in terms of revenue and profitability.
- Future Outlook: The company has guided for 2026 same-store revenue growth between -0.5% and 1.5%, and despite facing market challenges, steady occupancy and strategic capital deployment may support future growth prospects.
See More
U.S. Stocks Near All-Time Highs as Investors Eye Tech Giants' Earnings
- Strong Market Performance: The S&P 500 and Nasdaq Composite indices reached new all-time highs in April, rising over 8% and 13% respectively, indicating robust market resilience despite ongoing geopolitical tensions and AI disruption concerns, reflecting investor confidence in tech stocks.
- Earnings Pressure on Tech Giants: Next week, five of the 'Magnificent Seven' companies will report earnings, with market expectations for them to demonstrate sufficient revenue growth to justify their high AI expenditures; Alphabet, Amazon, Meta, and Microsoft have all seen stock price increases of over 10% this month, highlighting the market's keen interest in their performance.
- Federal Reserve Meeting Impact: This is expected to be Jerome Powell's last meeting as chair, with the market widely anticipating that the Fed will keep interest rates unchanged, although rising oil prices could complicate future monetary policy, necessitating close attention to how this dynamic may affect the market.
- Cautious Investor Sentiment: As the traditional market adage 'Sell in May' approaches, investors remain wary of potential downside risks, particularly in light of poor software stock performance and rising oil prices, which could further dampen market sentiment.
See More
Extra Space Storage Declares Q2 2026 Dividend of $1.62 per Share
- Dividend Announcement: Extra Space Storage has declared a second-quarter 2026 dividend of $1.62 per share, payable on June 30, 2026, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Record Date for Shareholders: The record date for this dividend is June 15, 2026, ensuring that investors holding shares before this date will receive the payout, thereby enhancing investor confidence in the company.
- Company Scale: As of March 31, 2026, Extra Space Storage owned and operated 4,344 self-storage properties, offering approximately 3.0 million units and 335.6 million square feet of rentable storage space, solidifying 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 further driving business growth.
See More
Elixir Energy Initiates Flow-Back at Diona-1 Well After Successful Stimulation
- Flow-Back Operations Begin: Elixir Energy has commenced flow-back and clean-up operations at the Diona-1 well in Queensland's Surat-Bowen Basin after successfully completing stimulation, marking a critical phase in the project.
- Production Metrics: The Diona-1 well was opened on May 10, 2026, and is currently producing gas and condensate at a flowing tubing head pressure of 735 psig through a 20/64-inch choke, indicating strong initial production potential.
- Production Stream Dynamics: As flow-back continues, fluid production is expected to decline while gas and condensate will increasingly dominate the production stream, after which the flow will be redirected through measurement equipment for multi-rate testing and pressure monitoring.
- Equipment Mobilization: The workover rig and associated equipment are being demobilized from the site, while a dedicated well testing package has been installed, preparing for the next operational phase and further advancing the project.
See More
Extra Space Storage Reports Q1 2026 Earnings with Positive Growth Indicators
- Core Earnings Growth: Extra Space Storage reported a core FFO of $2.04 per share for Q1 2026, reflecting a 2% year-over-year increase, indicating the company's stability in revenue growth despite macroeconomic uncertainties.
- Same-Store Revenue Increase: Same-store revenue grew by 1.7%, exceeding internal projections, showcasing a positive trend in customer acquisition and market demand improvement, which is expected to further drive future revenue growth.
- Acquisition Plans: The company projects $200 million in acquisitions for 2026, primarily through asset-light joint venture structures, indicating strategic decisions aimed at expanding market share and enhancing competitiveness.
- Financial Robustness: With 83% of its debt at fixed interest rates and an average rate of 4.3%, along with approximately $2 billion in revolving credit capacity, the company demonstrates a strong financial foundation and capability to navigate market fluctuations.
See More
Extra Space Storage Reports Decline in Q1 Profit
- Profit Decline: Extra Space Storage reported a Q1 profit of $240.97 million, or $1.14 per share, down from $270.87 million and $1.28 per share last year, indicating challenges in maintaining profitability.
- Revenue Growth: Despite the profit decline, the company achieved a 4.4% increase in revenue to $856.02 million compared to $819.99 million last year, suggesting ongoing business expansion even as profitability falters.
- Future Guidance: The company provided full-year EPS guidance of $4.52 to $4.82, reflecting cautious optimism from management regarding future profitability, which may influence investor sentiment.
- Market Reaction: Given the profit decline, market reactions to Extra Space Storage may lean negative, prompting investors to closely monitor how the company addresses profitability pressures and its future growth strategies.
See More
Extra Space Storage Q1 Earnings Announcement Scheduled
- Earnings Release Date: Extra Space Storage (EXR) is set to announce its Q1 2023 earnings results on April 28th after market close, with consensus estimates for FFO at $2.01 and revenue at $727.72 million, indicating market anticipation of its financial performance.
- Performance Expectations: The expected FFO of $2.01 and revenue of $727.72 million provide investors with an initial assessment of the company's future performance, which could significantly influence its stock price trajectory.
- Historical Performance Review: In Q4 2022, Extra Space Storage reported an FFO of $2.08, beating estimates by $0.04, and revenue of $857.5 million, exceeding expectations by $124.64 million, showcasing the company's strong performance in terms of revenue and profitability.
- Future Outlook: The company has guided for 2026 same-store revenue growth between -0.5% and 1.5%, and despite facing market challenges, steady occupancy and strategic capital deployment may support future growth prospects.
See More
U.S. Stocks Near All-Time Highs as Investors Eye Tech Giants' Earnings
- Strong Market Performance: The S&P 500 and Nasdaq Composite indices reached new all-time highs in April, rising over 8% and 13% respectively, indicating robust market resilience despite ongoing geopolitical tensions and AI disruption concerns, reflecting investor confidence in tech stocks.
- Earnings Pressure on Tech Giants: Next week, five of the 'Magnificent Seven' companies will report earnings, with market expectations for them to demonstrate sufficient revenue growth to justify their high AI expenditures; Alphabet, Amazon, Meta, and Microsoft have all seen stock price increases of over 10% this month, highlighting the market's keen interest in their performance.
- Federal Reserve Meeting Impact: This is expected to be Jerome Powell's last meeting as chair, with the market widely anticipating that the Fed will keep interest rates unchanged, although rising oil prices could complicate future monetary policy, necessitating close attention to how this dynamic may affect the market.
- Cautious Investor Sentiment: As the traditional market adage 'Sell in May' approaches, investors remain wary of potential downside risks, particularly in light of poor software stock performance and rising oil prices, which could further dampen market sentiment.
See More
