Extra Space Storage (EXR) announces 11% dividend increase.

Extra Space Storage (EXR) announced today that it has declared a first quarter 2021 dividend of $1.00/share, representing an 11% increase over the prior year period.  The dividend is payable March 31, 2021 to stockholders of record on March 15, 2021.

Founded in 1977, Extra Space Storage is the second-largest owner/manager of self storage properties in the U.S. As of September 30, 2020, the company's portfolio totaled 1,906 properties in 40 states and the District of Columbia, including 247 properties held in joint ventures and 718 properties managed on a fee basis for third parties. EXR is a member of the S&P 500 and has a total market capitalization of approximately $20 billion.