Extra Space Storage (EXR) Stock

Here are two real estate investment trust (REIT) options for dividend investors that you should consider right now.

SALT LAKE CITY, Jan. 24, 2025 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) has announced that it will share its financial results for the last three months and the year ending December 31, 2024, on Tuesday, February 25, 2025, after the market closes. A conference call will take place at 1:00 p.m.

Extra Space Storage Inc. is a real estate investment trust (REIT) that focuses on self-storage services, which involve owning, managing, buying, and developing storage facilities. The company provides tenant insurance and manages properties for other owners, receiving management fees in return. The investment argument emphasizes Extra Space Storage's varied sources of income and strong business approach in the self-storage industry.

SALT LAKE CITY, Jan. 16, 2025 /PRNewswire/ -- Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a top owner and operator of self-storage facilities in the U.S. and part of the S&P 500, has announced that its operating partnership, Extra Space Storage LP, will offer $350 million in additional 5.500% senior notes due in 2030. These new notes will be added to the previously issued $450 million of 5.500% senior notes due in 2030.

Extra Space Storage has not been doing well lately, but I think it presents a good balance of risk and reward, with growth likely to return by 2026. Its business model is strong against economic downturns, as there is a growing need for self-storage and opportunities for growth through acquisitions. Although rising interest rates have affected real estate investment trusts (REITs), Extra Space Storage continues to have high occupancy rates and customer satisfaction, which bodes well for its long-term stability.

The high valuations in the market make it difficult to find good investments, but dividend stocks still provide stability and growth for those investing for the long term. I've found three excellent dividend stocks that have strong fundamentals, appealing yields, and the ability to withstand the current expensive market. These choices offer a good mix of income and growth, making them suitable for managing tough market conditions while increasing wealth over time.

The S&P 500 has increased by around 25% in the last year. This growth is due to a strong economy and slowing inflation, which has allowed the Federal Reserve to begin lowering interest rates.

Investing in dividend stocks can help you earn passive income. This income can increase over time if you reinvest the dividends and the company keeps raising its dividend annually.

This year, the average U.S. REIT had a return of 9%, or 13% when including dividends, based on the MSCI U.S. REIT index. Analysts from KeyBanc Capital Markets predict that next year will be quite similar for real estate trusts. They expect the total return for the average REIT in 2025 to be between 5% and 15%.