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Extra Space Storage Inc. (EXR)
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EXR Dividends

Extra Space Storage Inc. (EXR) pays $6.48 in dividends per share, with a current dividend yield of 4.46%.

EXR Dividend Summary

Consecutive Years

0

Most Recent Ex-Date

Jun 15, 2026

Next Payment Date

Jun 30, 2026

EXR Dividends per Share (Nominal History)

View full nominal table list

This step chart displays the nominal dividend payouts over time on their actual payment dates, matching the distribution frequency.

EXR Dividends CAGR Chart

Extra Space Storage Inc. (EXR)

Annual Dividend History

YearDividend/ShareYoY Growth
2026(YTD)$3.24
2025$6.48+0.00%
2024$6.48N/A
2023$6.48N/A
2022$6.00+33.33%
2021$4.50+25.00%
2020$3.60+1.12%
2019$3.56+5.95%
2018$3.36+7.69%
2017$3.12+6.48%
2016$2.93+30.80%
2015$2.24+23.76%
2014$1.81+24.83%
2013$1.45+70.59%
2012$0.85+51.79%
2011$0.56+40.00%
2010$0.40N/A
2009$0.38N/A
2008$1.00+7.24%
2007$0.93+2.47%

Quarterly Dividend History

QuarterDividend/ShareYoY Growth
Q2 2026$1.62+0.00%
Q1 2026$1.62+0.00%
Q4 2025$1.62+0.00%
Q3 2025$1.62+0.00%
Q2 2025$1.62+0.00%
Q1 2025$1.62+0.00%
Q4 2024$1.62+0.00%
Q3 2024$1.62
Q2 2024$1.62+0.00%
Q1 2024$1.62+0.00%
Q4 2023$1.62+8.00%
Q3 2023$1.62
Q2 2023$1.62+8.00%
Q1 2023$1.62+8.00%
Q4 2022$1.50+20.00%
Q3 2022$1.50+20.00%
Q2 2022$1.50+50.00%
Q1 2022$1.50+50.00%
Q4 2021$1.25+38.89%
Q3 2021$1.25+38.89%
Q2 2021$1.00+11.11%
Q1 2021$1.00+11.11%
Q4 2020$0.90+0.00%
Q3 2020$0.90+0.00%

Dividend Yield Metrics

Current Yield
4.46%
Average Yield (TTM)
4.46%
Average Yield (3Y)
4.46%
Forward Yield on Cost (3Y)
6.42%
Forward Yield on Cost (5Y)
8.19%
Forward Yield on Cost (10Y)
15.03%

Payout Ratio Analysis

Payout Ratio (Current)
147.27%
FCF Payout Ratio
78.28%
Payout Ratio (3Y Avg)
146.23%
Payout Ratio (5Y Avg)
120.97%
FCF Payout (3Y Avg)
75.86%
FCF Payout (5Y Avg)
71.40%

For REITs, the net-income payout ratio overstates sustainability — large non-cash depreciation depresses net income, so it often reads >100%. The FCF payout ratio above (or FFO/AFFO, the REIT-standard basis) is the more meaningful gauge.

Dividend Coverage

Payout Ratio
147.3%
Dividends / net income
FCF Payout Ratio
78.3%
Dividends / free cash flow
Consecutive Years
N/A
Years with regular dividend payments
5Y Dividend Growth
12.5%
Compound annual dividend growth

About Extra Space Storage Inc.

Extra Space Storage Inc., a prominent, self-administered and self-managed real estate investment trust (REIT), is headquartered in Salt Lake City, Utah, and holds a distinguished place as a member of the S&P 500 index. As of September 30, 2020, its expansive portfolio encompassed 1,906 self-storage facilities, with operations spanning 40 U.S. states, Washington, D.C., and Puerto Rico. Collectively, these facilities offer roughly 1.4 million individual storage units, totaling approximately 147.5 million square feet of rentable area. Extra Space Storage caters to diverse customer needs by providing a wide array of secure and conveniently located storage solutions nationwide. This includes specialized options for vehicles like boats and RVs, as well as dedicated business storage. Notably, it holds the position of the second-largest owner and operator of self-storage facilities throughout the U.S., and stands as the nation's largest self-storage management company.

Salt Lake City, UT
8,012 employees
Real Estate / REIT - Industrial
Sector
Real Estate
Industry
REIT - Industrial
CEO
Joseph Daniel Margolis