The group has outperformed the market by a wide margin since NAREIT began tracking data in 1994. Because of the 90% net income payout requirement for REITs, shareholders can feel confident that they'll get valuable dividends as long as the REIT remains profitable. See on Scoop.it - BBG Extra Space Storage, Inc. (EXR): REIT investors turn from sector Seeking Alpha The only sectors showing gains in Q3 were self-storage (+7.45%) and hotel (+6.23%) REITs.See on seekingalpha.com GUTHRIE — A real estate investment trust has bought Always Storage, an 801-unit self-storage property in Guthrie, paying $4,725,000, county records show. The REIT's most recent boost came just last month, with a 10% increase bringing the payout to $0.86 per share on a quarterly basis. However, investors in non-REIT real-estate businesses end up essentially having their profits taxed twice: once at the corporate level, and once when they pay any taxes due on the dividend income they receive. Extra Space Storage is a smaller company than Public Storage, but it's been aggressive in its efforts to expand. Beyond that point, REITs look like most other businesses, making strategic moves as necessary to capitalize on favorable trends while selling or discontinuing the operation of less successful properties. Its current quarterly payout of $0.30 per share is 12 times the $0.025 per share it paid as recently as late 2010. Компания Extra Space Storage Inc. принадлежит к индустрии Недвижимость, REIT - Промышленный, ЗПИФН, и базируется в Соединенных Штатах. With some types of REITs, having substantial portions of space vacant is simply part of the business cycle, and it's worth holding a property empty if it can lead to finding a high-quality tenant that will make a long-term commitment. ... Tell us about your journey at Extra Space Storage. Nareit® is the worldwide representative voice for REITs and publicly traded real estate companies with an interest in U.S. real estate and capital markets. That gives investors a chance to tailor their exposure to match up with the risks they're willing to take and the opportunities they see in the self-storage space. Acquisition activity among the national self storage REITs increased significantly during the third quarter of 2020, and third-party management platforms continue to grow among the national self storage REITs… Expansion took it first along the East and Gulf Coasts, and then into the Midwest before making it to the West Coast in 2016 with the acquisition that gave the self-storage REIT its current name. By both owning and operating facilities, Extra Space makes maximum use of its expertise and broadens its options beyond solely company-owned storage facilities. “This property outperformance contributed to better-than-expected FFO growth of 6.1%, […] As of September 30, 2020, Extra Space owned and/or operated 1,906 self-storage properties in … After having been off the radar for many investors who saw these facilities as low-rent, low-quality real-estate holdings, self-storage has shown how lucrative it can be, and that's invited more competition. In addition, like any REIT, self-storage REITs are vulnerable to interest rate increases. The company built its first self-storage facility back in 1972, but today, it has almost 2,400 locations in the U.S. as well as more than 220 facilities in seven different nations in Western Europe through its 49% interest in Shurgard Europe. Extra Space Storage Inc., headquartered in Salt Lake City, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2019, the company owned and/or operated 1,817 locations in 40 states, Washington, D.C. and Puerto Rico, comprising approximately 140 million square feet of net rentable space in 1.3 million storage units. It's similar to net income for regular companies, but it excludes the extensive depreciation that real-estate investment trusts typically have because of their large portfolios of real-estate holdings. For income investors, Public Storage has been a reliable dividend-payer. Many of these companies are small businesses that own only a single storage location. Extra Space Storage Inc., a publicly traded self-storage real estate investment trust (REIT) and third-party management firm, raised more than $22,000 for Utah Food Bank (UFB) in December … Even when you ignore the impact of dividends, the REIT's share price has jumped more than 500% over the past decade. First, self-storage facilities require just about the least amount of capital expenditure in order to build and maintain. Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust. ©Copyright Nareit 2021. We offer an all-cash purchase or the option to receive operating partnership units in Extra Space Storage’s REIT—which can provide huge tax savings over the long run. We don't promise to have all the answers, but we will continue to improve everyday towards that goal. Funds from operations in the first quarter of 2018 were up more than 20% from year-ago levels, and the REIT spent about $145 million on acquisitions of roughly 25 self-storage properties. In the first quarter of 2018, net income jumped by more than 60%, and funds from operations were up modestly from year-ago levels. First, funds from operations, or FFO, is an accounting term that shows how profitable a REIT is. Extra Space Storage Inc. to Participate in REIT/International Panel at UBS Self Storage REIT Summit Storage space is more of a commodity item, though, and that makes it vital for successful self-storage facilities to have occupancy rates that are as high as possible. Extra Space Storage Inc. Makes $300 Million Preferred Equity Investment In Jernigan Capital, Inc. ... Avoid the 'REIT rout' -- These 5 REITs are breaking out … 32.5 million square feet to its overall extra space storage reit make further adjustments to FFO reflect. 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