Extra Space StorageNYSE: EXR

SALT LAKE CITY , June 25, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three and six months ended June 30, 2024 on Tuesday, July 30, 2024 after the market closes. The Company will host a conference call at 1:00 p.m.

Our team has been carefully researching the commercial real estate sector, and we now have more clarity on when (we believe) rates will finally decrease. Our data and reasoning suggest that a “tipping point” in the sector is imminent and that REIT investors will soon be able to “finally” capitalize on a once-in-a-lifetime capital appreciation opportunity. We fully expect the inflation rate to resume its downtrend as the year progresses.

SALT LAKE CITY, May 24, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a second quarter 2024 dividend of $1.62 per share on the common stock of the Company.  The dividend is payable on June 28, 2024, to stockholders of record at the close of business on June 14, 2024.

I prefer investing in Extra Space Storage as a REIT because of its impressive performance and ability to provide lasting value. Despite challenges in the industry, EXR has consistently maintained high occupancy rates and successfully implemented revenue strategies, showing its resilience. With a reliable dividend yield of 4.6% and opportunities for growth in the self-storage sector, EXR is a strong investment choice.

Extra Space Storage Inc. (NYSE:EXR) First Quarter 2024 Earnings Conference Call on May 1, 2024 at 1:00 PM ET. Company representatives include Jared Conley, Joe Margolis, and Scott Stubbs. Various analysts and investors are also present on the call. Thank you for joining the First Quarter 2024 Extra Space Storage Earnings Conference Call.

Extra Space Storage (EXR) reported improved occupancy in Q1, but this was offset by higher same-store operating expenses and increased interest costs.

The key figures for Extra Space Storage (EXR) offer a glimpse into the company's performance in the first quarter of 2024, but it could be beneficial to analyze certain metrics in comparison to Wall Street forecasts and last year's results.

Extra Space Storage (EXR) reported quarterly funds from operations (FFO) of $1.96 per share, exceeding the Zacks Consensus Estimate of $1.95 per share. This is lower than the FFO of $2.02 per share reported in the same quarter last year.

Although Extra Space Storage (EXR) is expected to benefit from its strong brand recognition and established presence in major cities in its Q1 results, there are still worries about decreased new customer acquisition rates and the impact of high interest rates.