Extra Space Storage (EXR) announces 20% dividend increase.

Extra Space Storage Inc. (EXR) announced today that it has declared a first quarter dividend of $1.50/share, payable on March 31, 2022.  The dividend represents a 20% increase over the prior dividend rate and a 50% increase over the first quarter 2021 dividend.

Founded in 1977, Extra Space Storage is the second-largest owner/manager of self storage properties in the U.S. As of September 30, 2021, the company's portfolio totaled 2,054 properties in 41 states and the District of Columbia, including 261 properties held in joint ventures and 827 properties managed on a fee basis. EXR is a member of the S&P 500 with a total market capitalization of approximately $29 billion.