In a noteworthy development, Extra Space Storage Inc. (EXR) has declared tax reporting information for 2024 distributions, announced a $1 billion commercial paper note program and is currently in the midst of a development cycle. Furthermore, they have scheduled their Q4 2024 earnings call for 25th February. In the recent developments, Brentview Investment Management took a $2.85 million stake in the company while implications are growing that EXR may be one of the best real estate and warehouse assets on the market. The company has announced its 4th quarter 2024 dividend while venturing into $6.48 annual dividend tax allocation details.
EXR's financial performance has been fetching with strong occupancy and revenue growth. It recently announced an 8% increase in its dividend, celebrating 20 years as a publicly-traded company. Jefferies' lowered price target from $198 to $175 and Citigroup reducing target from $185 to $165. Despite lowered targets, growth is indicated to be 'in their DNA' after two decades post-IPO.
Fulfilling its consistent commitment of acquiring esteemed assets, Extra Space Storage recently procured Storage Express and appointed Jefferson Shreve to its board of directors. A mega-deal task of merging with Life Storage, resulted in a solid self-storage entity, ringing the NYSE closing bell.
Extra Space Storage EXR News Analytics from Mon, 15 Jun 2015 07:00:00 GMT to Wed, 05 Feb 2025 02:24:11 GMT - Rating 4 - Innovation 1 - Information 1 - Rumor -6
