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flag Extra Space Storage beat earnings estimates, raised full-year guidance, and increased its dividend despite a high payout ratio.

flag Extra Space Storage reported fourth-quarter earnings of $2.08 per share, beating estimates, with full-year 2026 guidance set at $8.05 to $8.35 per share. flag The company's stock rose to $146.42, and it announced a quarterly dividend of $1.62, yielding 4.4% despite a payout ratio of 144.64%. flag Same-store occupancy declined slightly to 92.6%, while core funds from operations rose 2.5% year-over-year. flag The company acquired 27 stores and expanded third-party management to 2,263 locations. flag Institutional ownership remains high at 99.11%, and analysts maintain a mixed "Hold" consensus rating.

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