$EXR (Extra Space Storage Inc.)

$EXR {{ '2016-07-29T00:12:25+0000' | timeago}} • Webcast

$EXR reported that is 2Q16 adjusted FFO per share of $0.94 met the high end of its guidance range. The company's top performing markets including Atlanta, Tampa and most of the California, all experienced double-digit revenue growth. Slower markets like Chicago, Denver, Memphis, and Washington D.C. still had positive revenue growth.

$EXR {{ '2017-05-22T20:28:02+0000' | timeago}} • Announcement

$EXR's BoD declared 2Q17 dividend of $0.78 per share on its common stock. The dividend is payable on June 30, 2017 to stockholders of record at the close of business on June 15, 2017.

$EXR {{ '2017-04-27T13:06:17+0000' | timeago}} • Announcement

$EXR expects 2Q17 EPS of $0.61-0.63, FFO per share of $1.03-1.05 and adjusted FFO per share of $1.04-1.06. For 2017, the company predicts EPS of $2.45-2.53, FFO per share of $4.17-4.25 and adjusted FFO per share of $4.21-4.29.

$EXR {{ '2017-04-27T13:04:04+0000' | timeago}} • Announcement

$EXR's same-store revenue for 1Q17 increased by 5.8% from last year. This was due to gains in occupancy and higher rental rates for both new and existing customers. Same-store operating expenses declined 2% on decreases across most expense categories and most significant decreases to expenses were in office, insurance and payroll.

$EXR {{ '2017-04-27T12:59:34+0000' | timeago}} • Announcement

$EXR reported a decline in 1Q17 earnings due to last year's gain on sale of real estate assets and purchase of JV partner's interest. Net income slid to $82.28MM or $0.64 per share from $82.59MM or $0.66 per share last year. Revenue grew to $263MM from $229.4MM. FFO per share increased to $1.02 from $0.79.

$EXR {{ '2017-02-22T18:54:57+0000' | timeago}} • Webcast

$EXR expects the same-store revenue deceleration to stabilize in 2H17. The rate of deceleration has slowed. It is not dropping significantly QoQ but the company estimates it will continue to decline slightly throughout 2017.

$EXR {{ '2017-02-22T18:31:43+0000' | timeago}} • Webcast

$EXR said its street rates YTD for January and February have been between 3-4%. The company has seen solid street rates YTD. $EXR added that the level of existing customer increases have been at the high single digits rate in January and February.

$EXR {{ '2017-02-22T18:23:11+0000' | timeago}} • Webcast

$EXR expects its new same-store pool to increase by 168 stores for a new total of 732 in 2017. The company expects the change in the same-store pool to positively impact revenue growth by an average of 50BP over the year. For 2017, $EXR’s acquisition guidance includes $325MM in wholly-owned stores. $EXR also projects $225MM in JV acquisitions.

$EXR {{ '2017-02-22T18:15:27+0000' | timeago}} • Webcast

For 4Q16, $EXR’s same-store revenue growth was 5.2% and net operating income growth was 7.9%. Adjusted FFO per share increased by 18%. FFO growth was driven by property performance, accretive acquisitions, JVs, third-party management and an optimized balance sheet. $EXR acquired 27 wholly-owned stores for $316MM in 4Q16.

$EXR {{ '2017-02-21T21:53:22+0000' | timeago}} • Announcement

For 2017, $EXR expects FFO attributable to common stockholders of $4.11-$4.20 per share. On an adjusted basis, the company expects FFO attributable to common stockholders of $4.15-$4.24 per share. Same-store property revenue growth is expected to be 4-5%. Additionally, $EXR expects solid revenue and NOI growth in 2017.

$EXR {{ '2017-02-21T21:48:33+0000' | timeago}} • Announcement

Self-administered and self-managed REIT $EXR reported a 849.8% increase in 4Q16 earnings. Net income for the quarter was $82.403MM or $0.65 per diluted share compared to $8.67MM or $0.07 per diluted share a year ago. The company reported funds from operations attributable to common stockholders of $1.00 per diluted share for 4Q16.

$EXR {{ '2017-02-17T13:59:07+0000' | timeago}} • Announcement

$EXR BoD declared a quarterly cash dividend of $0.78 per share of common stock for 1Q17, payable on March 31, 2017, to shareholders of record on March 15, 2017.

$EXR {{ '2016-12-09T12:13:14+0000' | timeago}} • Announcement

$EXR's BoD declared 4Q16 dividend of $0.78 per share on its common stock. The dividend is payable on Dec. 30, 2016 to stockholders of record at the close of business on Dec. 19, 2016.

$EXR {{ '2016-10-28T03:32:35+0000' | timeago}} • Webcast

$EXR expects to close $255MM in CofO acquisitions in 2016. $90MM of these will be wholly owned and the remainder will be in joint ventures with investment in these ventures totaling $53MM. $EXR said its JV strategy and the CofO program are doing well in terms of value addition.

$EXR {{ '2016-10-27T19:10:50+0000' | timeago}} • Announcement

For 2016, $EXR forecast FFO of $3.63-$3.65 per share. On an adjusted basis, the company forecast FFO of $3.78-$3.80 per share for the period. Same-store property revenue growth is expected to be 6.75%.

$EXR {{ '2016-10-27T19:07:58+0000' | timeago}} • Announcement

$EXR reported 3Q16 earnings of $0.93 per diluted share, representing a 60.3% increase compared to the same period in 2015. The company posted funds from operations attributable to common stockholders (FFO) of $1.00 per diluted share for the period. $EXR said the results were driven by strong rate growth it obtained from new and existing customers.

$EXR {{ '2016-10-17T20:20:08+0000' | timeago}} • Announcement

$EXR completed $1.15Bil in unsecured bank financing through a senior unsecured credit facility. This consists of $500MM senior unsecured revolving credit facility, $430MM senior unsecured 5-year term loan and $220MM senior unsecured 7-year term loan, of which $300MM of the unsecured 5-year term loan was drawn on Oct. 14, 2016.

$EXR {{ '2016-09-12T13:18:57+0000' | timeago}} • Announcement

$EXR said Spencer Kirk will retire as its CEO, effective Dec. 31, 2016. Kirk will continue to serve on its BoD, while devoting significant attention to his non-profit foundation, Kirk Humanitarian. The BoD has selected Joseph Margolis to succeed Kirk as its CEO, effective Jan. 1, 2017.

$EXR {{ '2016-09-12T12:05:44+0000' | timeago}} • Announcement

Self-storage units provider $EXR said Spencer Kirk will retire as its CEO effective Dec. 31, 2016, but will continue to serve on the company's BoD. BoD has selected Joseph Margolis, currently Chief Investment Officer, to replace Kirk as CEO, effective January 1, 2017.

$EXR {{ '2016-08-30T11:06:54+0000' | timeago}} • Announcement

$EXR said its BoD declared a quarterly dividend of $0.78 per share on its common stock for 3Q16, payable on Sept. 30, 2016 to stockholders of record at the close of business on Sept. 15, 2016.

$EXR {{ '2016-08-29T20:29:39+0000' | timeago}} • Announcement

$EXR said that its BoD has declared a quarterly dividend of $0.78 per share for 3Q16. The dividend is payable on Sept. 30, 2016 to stockholders of record at the close of business on Sept. 15, 2016.

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