Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Company owns, operates, manages, acquires, develops and redevelops self-storage properties (stores). The Company has interests in approximately 1000 operating stores.
Market: NYSE
Fair value: $94
Discount: fairly priced
Fair value: $94
Average yearly return: 34%
Yield: 3.1%
Marketperformer
Hold
EXR announced today that the Company's board of directors has declared a quarterly dividend of $0.78 per share on the common stock of the Company for the second quarter 2016. This is a 32.2% increase over the previous quarter. The dividend is payable on June 30, 2016 to stockholders of record at the close of business on June 15, 2016.
The company is expected to next post earnings on or around 2016-08-03.
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