Extra Space Storage Inc. Announces Fourth Quarter 2009 Cash Dividend of $0.13 per Share

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Extra Space Storage Inc. Announces Fourth Quarter 2009 Cash Dividend of $0.13 per Share

Extra Space Storage Inc. Announces Fourth Quarter 2009 Cash Dividend of $0.13 per Share

^{Published on 2009-11-12 06:07:38 - Market Wire}

SALT LAKE CITY, UT--(Marketwire - November 12, 2009) - Extra Space Storage Inc. (the "Company") (NYSE: [ EXR ]) announced today that its board of directors has declared a fourth quarter cash dividend of $0.13 per share on the common stock of the Company. The dividend is payable on December 31, 2009 to stockholders of record at the close of business on December 10, 2009.

Together with the $0.25 cash dividend paid to date, the Company's aggregate 2009 cash dividends will total $0.38 per share, which approximates the Company's distribution requirements to maintain its status as a real estate investment trust.

The Company's dividend policy is set by its board of directors on a quarterly basis.

About Extra Space Storage Inc.

Extra Space Storage Inc., a leading owner and operator of self-storage properties in the United States, is a fully integrated, self-administered and self-managed real estate investment trust specializing in the ownership and/or operations of well-located, high quality [ self-storage ] properties. As of September 30, 2009, the Company owned and/or operated 749 self-storage properties in 33 states and Washington, D.C. The Company's properties comprised approximately 500,000 units and 54 million square feet of rentable space. More information regarding Extra Space Storage can be found on the Company's website at [ www.extraspace.com ]