SOURCE: Extra Space Storage Inc.

November 30, 2007 17:13 ET

Extra Space Storage Inc. Announces Fourth Quarter 2007 Dividend

SALT LAKE CITY, UT--(Marketwire - November 30, 2007) - 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 fourth quarter 2007 dividend represents a nearly 10% increase from the Company's previous quarterly dividend of $0.2275 per share of common stock and increases the dividend to $1.00 per share of common stock on an annualized basis from the $0.91 per share annualized rate paid previously.

The dividend is payable on December 31, 2007 to stockholders of record at the close of business on December 14, 2007.

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 operates 644 self-storage properties in 33 states and Washington, D.C. The Company's properties comprise approximately 444,000 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