Extra Space Storage Inc. Announces Tax Reporting Information for 2024 Distributions

Extra Space Storage Inc. (EXR) has recently announced the tax reporting information for its 2024 distributions, providing valuable insights into the company's dividend structure and potential tax implications for shareholders. As an investor, it's crucial to understand these details to make informed decisions about your portfolio. Let's dive into the key takeaways from this announcement.

First and foremost, EXR's 2024 distributions consisted of a total of $6.48 per share, paid out quarterly. The breakdown of this distribution includes:

* Ordinary Dividend: $6.328823 per share
* Qualified Dividend: $1.179667 per share
* Capital Gain Distribution: $0.151177 per share
* Unrecaptured Section 1250 Gain: $0.062120 per share
* Section 199A Dividend: $5.149156 per share

The Capital Gain Distribution is further classified as follows:

* Excluded under Treas. Reg. §1.1061-4(b)(7): 90.42%
* Three-Year Amount under Treas. Reg. §1.1061-6(c): 9.58%