Extra Space Storage Inc. (ticker: EXR, exchange: New York Stock Exchange (.N))
News Release -
Extra Space Storage Announces Tax Treatment of 2004 Dividend Distributions
SALT LAKE CITY, Feb. 16 /PRNewswire-FirstCall/ -- Extra Space Storage Inc.
(NYSE: EXR) announced today that 100% of its 2004 Common Share dividend
qualifies as return of capital. The table below summarizes the income tax
treatment for 2004 distributions for the Common Shares of Extra Space Storage
Inc. (CUSIP# 30225T102).
Record Payable Distribution Ordinary Return of
Date Date Per Share Taxable Capital
9/15/04 9/30/04 $0.1113 $0.0000 $0.1113
12/15/04 12/31/04 $0.2275 $0.0000 $0.2275
The Company's third quarter dividend of $.1113 per share was a pro-rata
distribution for the period commencing upon completion of Extra Space
Storage's initial public offering on August 17, 2004 and ending September 30,
2004. The Company's fourth quarter dividend was a full quarterly distribution
of $.2275 based on a $.91 per share dividend for a full year.
About Extra Space Storage Inc.
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a real
estate investment trust that owns and operates 141 self-storage properties in
20 states. The Company's properties comprise more than 87,000 units and
9 million square feet rented by over 70,000 tenants. Additional Extra Space
Storage information is available at www.extraspace.com.
SOURCE Extra Space Storage Inc.
CONTACT: James Overturf of Extra Space Storage Inc., +1-801-365-4501; or
William Coffin of CCG Investor Relations, +1-818-789-0100, for Extra Space
Web site: http://www.extraspace.com