{"id":461043,"date":"2021-03-18T16:05:33","date_gmt":"2021-03-18T20:05:33","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=461043"},"modified":"2021-03-18T16:05:33","modified_gmt":"2021-03-18T20:05:33","slug":"extra-space-storage-inc-announces-offering-of-1600000-shares-of-common-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/extra-space-storage-inc-announces-offering-of-1600000-shares-of-common-stock\/","title":{"rendered":"Extra Space Storage Inc. Announces Offering of 1,600,000 Shares of Common Stock"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"xn-location\">SALT LAKE CITY<\/span>, <span class=\"xn-chron\">March 18, 2021<\/span> \/PRNewswire\/ &#8212;\u00a0Extra Space Storage Inc. (&#8220;Extra Space&#8221;) (NYSE: EXR), a leading owner and operator of self-storage facilities in <span class=\"xn-location\">the United States<\/span> and a member of the S&amp;P 500, today announced that it will issue and sell 1,600,000 shares of its common stock in a public offering. Citigroup and Wells Fargo Securities are acting as the joint book-running managers for the offering.\u00a0 Extra Space will grant the underwriters a 30-day option to purchase up to an additional 240,000 shares.\u00a0 <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/154912\/extra_space_storage_inc_logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/154912\/extra_space_storage_inc_logo.jpg\" title=\"Extra Space Storage. You deserve some extra space! (PRNewsFoto\/Extra Space Storage Inc.)\" alt=\"Extra Space Storage. You deserve some extra space! (PRNewsFoto\/Extra Space Storage Inc.)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>Extra Space intends to use the net proceeds of this offering to fund potential acquisition opportunities, to repay amounts outstanding from time to time under its lines of credit, and for other general corporate and working capital purposes.<\/p>\n<p>The shares will be issued pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission. This release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale is not permitted. The offering will be made only by means of a prospectus supplement and accompanying prospectus, copies of which, when available, may be obtained from Citigroup, c\/o Broadridge Financial Solutions, 1155 Long Island Avenue, <span class=\"xn-location\">Edgewood, NY<\/span> 11717 (Tel: 800-831-9146 or email to: <a href=\"mailto:Prospectus@citi.com\" rel=\"nofollow\">Prospectus@citi.com<\/a>), or from Wells Fargo Securities, Attention: Equity Syndicate Department, 500 West 33rd Street, <span class=\"xn-location\">New York, New York<\/span>, 10001, at (800) 326-5897 or email a request to <a href=\"mailto:cmclientsupport@wellsfargo.com\" rel=\"nofollow\">cmclientsupport@wellsfargo.com<\/a>. A prospectus supplement related to the offering will also be available free of charge on the SEC&#8217;s website at <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3102145-1&amp;h=3673058938&amp;u=http%3A%2F%2Fwww.sec.gov%2F&amp;a=http%3A%2F%2Fwww.sec.gov\" rel=\"nofollow noopener noreferrer\">http:\/\/www.sec.gov<\/a>. <\/p>\n<p>\n        <b>About Extra Space Storage Inc.:<\/b>\n      <\/p>\n<p>Extra Space Storage Inc., headquartered in <span class=\"xn-location\">Salt Lake City<\/span>, is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&amp;P 500. As of <span class=\"xn-chron\">December 31, 2020<\/span>, Extra Space owned and\/or operated 1,921 self-storage properties, which comprise approximately 1.4 million units and approximately 149.2 million square feet of rentable storage space offering customers conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. Extra Space is the second largest owner and\/or operator of self-storage properties in <span class=\"xn-location\">the United States<\/span> and is the largest self-storage management company in <span class=\"xn-location\">the United States<\/span>.<\/p>\n<p>\n        <b>Forward-Looking Statements:<\/b>\n      <\/p>\n<p>Certain information set forth in this release contains &#8220;forward-looking statements&#8221; within the meaning of the federal securities laws. Forward-looking statements include statements concerning the terms, timing and completion of the proposed offering of securities by Extra Space. In some cases, forward-looking statements can be identified by terminology such as &#8220;believes,&#8221; &#8220;estimates,&#8221; &#8220;expects,&#8221; &#8220;may,&#8221; &#8220;will,&#8221; &#8220;should,&#8221; &#8220;anticipates,&#8221; or &#8220;intends,&#8221; or the negative of such terms or other comparable terminology, or by discussions of strategy. All forward-looking statements are based upon our current expectations and various assumptions. Our expectations, beliefs and projections are expressed in good faith and we believe there is a reasonable basis for them, but there can be no assurance that management&#8217;s expectations, beliefs and projections will result or be achieved.\u00a0 There are a number of risks and uncertainties that could cause our actual results to differ materially from the forward-looking statements contained in or contemplated by this release.\u00a0 Such risks and uncertainties include without limitation those associated with market risks and uncertainties and the satisfaction of customary closing conditions for an offering of securities, as well as the risks referenced in the &#8220;Risk Factors&#8221; section included in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q. All forward-looking statements apply only as of the date of this release. We undertake no obligation to publicly update or revise forward-looking statements which may be made to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=LA14930&amp;sd=2021-03-18\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/extra-space-storage-inc-announces-offering-of-1-600-000-shares-of-common-stock-301250523.html\">http:\/\/www.prnewswire.com\/news-releases\/extra-space-storage-inc-announces-offering-of-1-600-000-shares-of-common-stock-301250523.html<\/a><\/p>\n<p>SOURCE  Extra Space Storage Inc.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=LA14930&amp;Transmission_Id=202103181602PR_NEWS_USPR_____LA14930&amp;DateId=20210318\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire SALT LAKE CITY, March 18, 2021 \/PRNewswire\/ &#8212;\u00a0Extra Space Storage Inc. (&#8220;Extra Space&#8221;) (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&amp;P 500, today announced that it will issue and sell 1,600,000 shares of its common stock in a public offering. Citigroup and Wells Fargo Securities are acting as the joint book-running managers for the offering.\u00a0 Extra Space will grant the underwriters a 30-day option to purchase up to an additional 240,000 shares.\u00a0 Extra Space intends to use the net proceeds of this offering to fund potential acquisition opportunities, to repay amounts outstanding from time to time under its lines of credit, and for other general corporate &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/extra-space-storage-inc-announces-offering-of-1600000-shares-of-common-stock\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Extra Space Storage Inc. Announces Offering of 1,600,000 Shares of Common Stock&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-461043","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Extra Space Storage Inc. Announces Offering of 1,600,000 Shares of Common Stock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/extra-space-storage-inc-announces-offering-of-1600000-shares-of-common-stock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Extra Space Storage Inc. Announces Offering of 1,600,000 Shares of Common Stock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire SALT LAKE CITY, March 18, 2021 \/PRNewswire\/ &#8212;\u00a0Extra Space Storage Inc. (&#8220;Extra Space&#8221;) (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&amp;P 500, today announced that it will issue and sell 1,600,000 shares of its common stock in a public offering. Citigroup and Wells Fargo Securities are acting as the joint book-running managers for the offering.\u00a0 Extra Space will grant the underwriters a 30-day option to purchase up to an additional 240,000 shares.\u00a0 Extra Space intends to use the net proceeds of this offering to fund potential acquisition opportunities, to repay amounts outstanding from time to time under its lines of credit, and for other general corporate &hellip; Continue reading &quot;Extra Space Storage Inc. Announces Offering of 1,600,000 Shares of Common Stock&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/extra-space-storage-inc-announces-offering-of-1600000-shares-of-common-stock\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-18T20:05:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/154912\/extra_space_storage_inc_logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/extra-space-storage-inc-announces-offering-of-1600000-shares-of-common-stock\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/extra-space-storage-inc-announces-offering-of-1600000-shares-of-common-stock\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Extra Space Storage Inc. 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Citigroup and Wells Fargo Securities are acting as the joint book-running managers for the offering.\u00a0 Extra Space will grant the underwriters a 30-day option to purchase up to an additional 240,000 shares.\u00a0 Extra Space intends to use the net proceeds of this offering to fund potential acquisition opportunities, to repay amounts outstanding from time to time under its lines of credit, and for other general corporate &hellip; Continue reading \"Extra Space Storage Inc. Announces Offering of 1,600,000 Shares of Common Stock\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/extra-space-storage-inc-announces-offering-of-1600000-shares-of-common-stock\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-18T20:05:33+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/154912\/extra_space_storage_inc_logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/extra-space-storage-inc-announces-offering-of-1600000-shares-of-common-stock\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/extra-space-storage-inc-announces-offering-of-1600000-shares-of-common-stock\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Extra Space Storage Inc. 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