Key Developments: Extra Space Storage Inc (EXR)
43.44USD
24 May 2013
$0.06 (+0.14%)
$43.38
$43.20
$43.53
$42.68
450,533
730,813
$45.29
$27.55
Latest Key Developments (Source: Significant Developments)
Extra Space Storage Inc Announces Increase In Second Quarter 2013 Dividend
Extra Space Storage Inc announced that Board Of Directors has declared a quarterly dividend of $0.40 per share on the common stock of the Company for the second quarter 2013. This is a 60% increase over the previous quarter. The dividend is payable on June 28, 2013 to stockholders of record at the close of business on June 14, 2013. Full Article
Extra Space Storage Inc Issues Q2 2013 FFO Guidance In Line With Analysts' Estimates; Raises FY 2013 FFO Guidance
Extra Space Storage Inc announced that for second quarter of 2013, it expects funds from operations (FFO) per diluted share will be between $0.47 and $0.49 and FFO to be between $1.94 and $2.01 for fiscal 2013. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.47 for the second quarter of 2013; FFO of $1.91 for fiscal 2013. Full Article
Extra Space Storage Inc Issues Q1 2013 FFO Guidance In Line With Analysts' Estimates; Issues FY 2013 FFO Guidance Above Analysts' Estimates
Extra Space Storage Inc announced that for the first quarter of 2013, it expects FFO per diluted share to be between $0.42 and $0.44. and will be between $1.87 and $1.95 for fiscal 2013. FFO estimates for the year are fully diluted for an estimated average number of shares and Operating Partnership units ("OP units") outstanding during the year. The Company's estimates are forward-looking and based on management's view of current and future market conditions. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $0.43 for the first quarter of 2013; FFO of $1.85 for fiscal 2013. Full Article
Extra Space Storage Inc Announces First Quarter 2013 Dividend
Extra Space Storage Inc announced that the Company's board of directors has declared a quarterly dividend of $0.25 per share on the common stock of the Company for the first quarter 2013. The dividend is payable on March 29, 2013 to stockholders of record at the close of business on March 15, 2013. Full Article
Extra Space Storage Inc Completes Public Offering Of 5,980,000 Shares Of Common Stock
Extra Space Storage Inc announced the completion of its previously announced public offering of 5,980,000 shares of its common stock, including 780,000 shares of common stock sold pursuant to the underwriter's full exercise of its option to purchase additional shares. Citigroup acted as the sole book-running manager for the offering. Net proceeds of the offering were approximately $202.9 million after deducting the underwriting discount and estimated expenses. Full Article
Extra Space Storage Inc Announces Fourth Quarter 2012 Dividend
Extra Space Storage Inc announced that the Company's board of directors has declared a quarterly dividend of $0.25 per share on the common stock of the Company for the fourth quarter 2012, a 25% increase over the third quarter 2012 dividend of $0.20. The dividend is payable on December 31, 2012 to stockholders of record at the close of business on December 10, 2012. Full Article
Extra Space Storage Inc Announces Offering Of 5,200,000 Shares Of Common Stock
Extra Space Storage Inc announced that it will issue and sell 5,200,000 shares of its common stock in a public offering. Citigroup is acting as the sole book-running manager for the offering. The Company will grant the underwriter a 30-day option to purchase up to an additional 780,000 shares. The Company intends to use the net proceeds of this offering to fund its acquisition of 28 properties that are under contract or letter of intent with an aggregate purchase price of $190.2 million, to repay a portion of the outstanding indebtedness under its secured lines of credit and for other general corporate and working capital purposes. The pending acquisitions include the purchase of a joint venture partner's interest in one of the Company's existing joint ventures that owns 21 self-storage properties in 11 states, resulting in full ownership of the joint venture by the Company, as well as the purchase of seven additional properties that are located in Florida, Maryland, Massachusetts and New Jersey. Full Article
Extra Space Storage Inc Announces Acquisition Of 21 Properties From Joint Venture Partner
Extra Space Storage Inc announced that it entered into a letter of intent with a joint venture partner to acquire the partner's interest in one of the Company's existing joint ventures that owns 21 self-storage properties in 11 states. These 21 assets are currently operated by the Company under the Extra Space Storage brand. The joint venture properties contain approximately 1.7 million square feet of net rentable space in approximately 13,600 units. As of September 30, 2012, approximately 89.0% of the net rentable space at these properties was occupied. Upon closing, the Company would own 100% of the joint venture properties. In addition, the Company has entered into definitive purchase agreements to acquire seven additional properties located in Florida, Maryland, Massachusetts and New Jersey, with an aggregate of approximately 575,000 square feet of net rentable space in approximately 5,800 units. As of September 30, 2012, approximately 86.6% of the net rentable space at these properties was occupied. In total, with the acquisition of the joint venture partner's interest, the Company has 28 properties under contract or letter of intent, with an aggregate purchase price of approximately $190.2 million. The Company intends to close each of these acquisitions by December 31, 2012 Full Article
Extra Space Storage Inc Raises FY 2012 FFO Guidance
Extra Space Storage Inc announced that for fiscal 2012, it expects FFO per diluted share will be between $1.56-$1.58. According to I/B/E/S Estimates, analysts are expecting the Company to report FFO of $1.53 for fiscal 2012. Full Article
Extra Space Storage Inc Revises Record Date For Third Quarter 2012 Dividend
Extra Space Storage Inc announced that it has revised the record date for its previously declared quarterly dividend of $0.20 per share on the common stock of the Company for the third quarter 2012. The dividend is payable on September 28, 2012 to stockholders of record at the close of business on September 17, 2012. Full Article
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