Extra Space Storage Increases Dividend to $0.20 from $0.14/Share

Extra Space Storage EXR Board of Directors declared a first quarter 2012 dividend of $0.20 per share on the common stock of the Company, an increase of 42.9% over the fourth quarter of 2011. The dividend will be paid on March 30, 2012 to stockholders of record at the close of business on March 15, 2012.