SALT LAKE CITY, Oct. 29, 2024 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a constituent of the S&P 500, announced operating results for the three and nine months ended September 30, 2024.

Highlights for the three months ended September 30, 2024:

Achieved net income attributable to common stockholders of $0.91 per diluted share, representing a 5.2% decrease compared to the same period in the prior year primarily due to a $51.8 million loss related to the impairment of the Life Storage Inc. ("Life Storage" or "LSI") trade name based on the Company's decision to operate under a single brand.Achieved funds from operations attributable to common stockholders and unit holders ("FFO") of $1.75 per diluted share. FFO, excluding adjustments ("Core FFO"), was $2.07 per diluted share, representing a 2.5% increase compared to the same period in the prior year.Same-store revenue decreased by (0.3)% and same-store net operating income ("NOI") decreased by (1.0)% compared to the same period in the prior year.Reported ending same-store occupancy of 94.3% as of September 30, 2024, compared to 93.7% as of September 30, 2023.The Company acquired 10 operating stores and one store at completion of construction ("Certificate of Occupancy stores" or "C of O stores") for a total cost of approximately $163.9 million.In conjunction with joint venture partners, acquired five properties and completed two developments for a total cost of approximately $114.6 million, of which the Company invested $30.7 million.The Company recognized a gain of $13.7 million upon the dissolution of two joint ventures which owned 17 properties.Originated $158.4 million in mortgage and mezzanine bridge loans and sold $179.0 million mortgage bridge loans.Added 63 stores (38 stores net) to the Company's third-party management platform. As of September 30, 2024, the Company managed 1,461 stores for third parties and 460 stores in unconsolidated joint ventures, for a total of 1,921 managed stores.Moody's Ratings revised the Company's credit outlook to positive from stable.Paid a quarterly dividend of $1.62 per share.

SALT LAKE CITY, Sept. 24, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three and six months ended Sept 30, 2024 on Tuesday, October 29, 2024 after the market closes. The Company will host a conference call at 1:00 p.m. Eastern Time on Wednesday, October 30, 2024, to discuss its financial results.  Hosting the call will be Extra Space Storage's CEO, Joe Margolis. Joining him will be Scott Stubbs, Executive Vice President and CFO. 

SALT LAKE CITY, Aug. 19, 2024 /PRNewswire/ -- Extra Space Storage (NYSE: EXR), a leader in the self-storage sector, celebrates its 20th anniversary as a publicly traded company. The company began trading on the New York Stock Exchange on August 20, 2004, following its initial public offering (IPO).

At the time of the IPO, Extra Space had 450 employees, operated 160 properties in 20 states, and had a market cap value of around $700 million. Twenty years later, Extra Space is an S&P 500 listed company with 7,500 employees, operating 3,812 properties in 42 states and is one of the most valuable REITs with a market cap of approximately $35 billion.

SALT LAKE CITY, Aug. 19, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a third quarter 2024 dividend of $1.62 per share on the common stock of the Company.  The dividend is payable on September 30, 2024, to stockholders of record at the close of business on September 16, 2024. 

About Extra Space Storage Inc.

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. Eastern Time on Wednesday, July 31, 2024, to discuss its financial results.  Hosting the call will be Extra Space Storage's CEO, Joe Margolis. Joining him will be Scott Stubbs, Executive Vice President and CFO. 

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. 

About Extra Space Storage Inc.