The board of directors for Extra Space Storage Inc., a self-storage real estate investment trust, declared a quarterly dividend of $0.14 per share on the company’s common stock for the fourth quarter 2011. The dividend is payable on Dec. 30 to stockholders of record at the close of business on Dec. 9.
In early November, Extra Space released operating results for the quarter ended Sept. 30. Revenue was up 4.9 percent compared to the same quarter a year prior, while net operating income was up 7.3 percent. Quarterly funds from operations were $0.32 per share.
Headquartered in Salt Lake City, Extra Space is a real estate investment trust that owns or operates 860 self-storage facilities in 34 states and Washington, D.C. The company's properties comprise approximately 570,000 units and more than 62 million square feet of rentable storage space.