EXR (Extra Space Storage) Dividend Payout Ratio : 1.46 (As of Sep. 2024)

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What is Extra Space Storage Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Extra Space Storage's Dividend Payout Ratio for the months ended in Sep. 2024 was 1.46.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Extra Space Storage Inc is 1.50, which seems too high.

The historical rank and industry rank for Extra Space Storage's Dividend Payout Ratio or its related term are showing as below:

EXR' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.87 Med: 1.09 Max: 1.5
Current: 1.5

During the past 13 years, the highest Dividend Payout Ratio of Extra Space Storage was 1.50. The lowest was 0.87. And the median was 1.09.

EXR's Dividend Payout Ratio is ranked worse than
71.22% of 674 companies
in the REITs industry
Industry Median: 1.01 vs EXR: 1.50

As of today (2024-12-12), the Dividend Yield % of Extra Space Storage is 4.05%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Extra Space Storage was 6.09%. The lowest was 1.90%. And the median was 3.33%.

Extra Space Storage's Dividends per Share for the months ended in Sep. 2024 was $1.62.

During the past 12 months, Extra Space Storage's average Dividends Per Share Growth Rate was 1.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 21.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 15.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 14.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Extra Space Storage was 53.60% per year. The lowest was -25.30% per year. And the median was 19.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Extra Space Storage Dividend Payout Ratio Historical Data

The historical data trend for Extra Space Storage's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Extra Space Storage Dividend Payout Ratio Chart

Extra Space Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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1.10

1.01

0.87

0.95

1.27

Extra Space Storage Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.50	1.50	1.60	1.44	1.46

Competitive Comparison of Extra Space Storage's Dividend Payout Ratio

For the REIT - Industrial subindustry, Extra Space Storage's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Extra Space Storage's Dividend Payout Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Extra Space Storage's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Extra Space Storage's Dividend Payout Ratio falls into.

Extra Space Storage Dividend Payout Ratio Calculation

Extra Space Storage's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	6.48	/	5.124
	=	1.26

Extra Space Storage's Dividend Payout Ratio for the quarter that ended in Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	1.62	/	1.112
	=	1.46

Extra Space Storage (NYSE:EXR) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Extra Space Storage Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Extra Space Storage's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Extra Space Storage Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Extra Space Storage Inc (NYSE:EXR) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

0IJV:UK FG8:Germany E1XR34:Brazil

Address

2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121

Website

http://www.extraspace.com

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,800 self-storage properties in 42 states, with over 285 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.

Executives

Diane Olmstead	director	2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Joseph D Margolis	director	C/O ARSENAL REAL ESTATE FUNDS, 117 ON THE GREEN, 67 PARK PLACE EAST, MORRISTOWN NJ 07960
Kenneth M. Woolley	director	2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
William N Springer	officer: EVP, Assets & 3rd Party Mgmt	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Gwyn Goodson Mcneal	officer: EVP/Chief Legal Officer	2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Joseph J Bonner	director	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Matthew T Herrington	officer: EVP & COO	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Samrat Sondhi	officer: SVP Operations	2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Joseph Saffire	director	6467 MAIN STREET, WILLIAMSVILLE NY 14221
Mark G Barberio	director	19 WIK STREET, WILLIAMSVILLE NY 14221
Sue Harnett	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Jennifer Blouin	director	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Jefferson Scott Shreve	director	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
P Scott Stubbs	officer: Senior VP Accounting	2795 EAST COTTONWOOD PARKWAY, SALT LAKE CITY UT 84121
Spencer Kirk	director, officer: Chief Executive Officer	2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121