|Bid||146.66 x 800|
|Ask||146.71 x 1100|
|Day's Range||145.03 - 147.52|
|52 Week Range||80.86 - 149.43|
|Beta (5Y Monthly)||0.19|
|PE Ratio (TTM)||33.30|
|Earnings Date||Aug 02, 2021 - Aug 06, 2021|
|Forward Dividend & Yield||4.00 (2.72%)|
|Ex-Dividend Date||Mar 12, 2021|
|1y Target Est||145.25|
Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP (the "operating partnership"), has priced a public offering of $450 million aggregate principal amount of 2.550% senior notes due 2031 (the "Notes"). The Notes were priced at 99.849% of the principal amount and will mature on June 1, 2031. J.P. Morgan, BofA Securities, Citigroup, PNC Capital Markets LLC, TD Securities, US Bancorp and Wells Fargo Securities are acting as the joint book-running managers for the offering. BBVA, BMO Capital Markets, BNP PARIBAS, BOK Financial Securities, Inc., Fifth Third Securities, Morgan Stanley, Regions Securities LLC, Ramirez & Co., Inc. and Truist Securities, Inc. are acting as the co-managers for the offering. The offering is expected to close on or about May 11, 2021, subject to customary closing conditions. The Notes will be fully and unconditionally guaranteed by Extra Space and certain of its subsidiaries.
Thank you for standing by, and welcome to Extra Space Storage's First Quarter 2021 Earnings Conference Call. Please remember that management's prepared remarks and answers to your questions may contain forward-looking statements as defined in the Private Securities Litigation Reform Act.
Robust average occupancy aids same-store net operating income growth for Extra Space Storage (EXR) in Q1.