IPO Profile

Extra Space Storage
2795 East Cottonwood Parkway, Suite 400 Salt Lake City, UT 84121
Tel: 801-562-5556
Web:
Ticker: EXR
Stock Exchange: New York Stock Exchange
Shares Issued: 20,200,000.00
Price Offered: $12.50
Amount Raised: $252,500,000.00

Underwriters:
UBS Investment Bank
Merrill Lynch & Co.
A.G. Edwards & Sons
Banc of America Securities
Raymond James

Company Description:
We are a fully integrated, self-administered and self-managed real estate investment trust formed to continue the business commenced in 1977 by our predecessor companies to own, operate, acquire, develop and redevelop professionally managed self-storage properties. Since 1996, our fully integrated development and acquisition teams have completed the development or acquisition of more than 104 self-storage properties and we continue to evaluate a range of new growth initiatives and opportunities for our company. To enable us to maximize revenue generating opportunities for our properties, we employ a state-of-the-art proprietary web-based tracking and yield management technology called STORE. Developed by our management team, STORE enables us to analyze, set and adjust rental rates in real time across our portfolio in order to respond to changing market conditions.