SOURCE: Extra Space Storage Inc.

February 28, 2008 15:24 ET

Extra Space Storage Inc. Announces First Quarter 2008 Dividend

SALT LAKE CITY, UT--(Marketwire - February 28, 2008) - Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that its board of directors has declared a quarterly dividend of $0.25 per share on the common stock of the Company. On an annualized basis, the dividend represents a distribution of $1.00 per share of common stock. The dividend is payable on March 31, 2008 to stockholders of record at the close of business on March 14, 2008.

About Extra Space Storage Inc.

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a fully integrated, self-administered and self-managed real estate investment trust that owns and/or operates 651 self-storage properties in 33 states and Washington, D.C. The Company's properties comprise approximately 448,000 units and 47 million square feet rented by approximately 330,000 individual tenants. The Company is the second largest operator of self storage in the United States.

Contact Information

  • For Information:
    James Overturf
    Extra Space Storage Inc.
    (801) 365-4501

    Mark Collinson
    CCG Investor Relations
    (310) 477-9800

    Extra Space Storage Inc.
    PHONE (801) 562-5556
    FAX (801) 562-5579
    2795 East Cottonwood Parkway, Suite 400
    Salt Lake City, Utah 84121
    www.extraspace.com