Mon, Jun. 15, 4:10 PM
- A non-traded REIT, SmartStop Self Storage is the 7th-largest owner of self-storage facilities in the U.S., with 169 properties in 21 states and Toronto.
- Extra Space (NYSE:EXR) is paying $1.29B, and the remaining money will come from the sale of certain SmartStop assets prior to closing.
- The deal is expected to be accretive to AFFO, and should close in H2.
- Source: Press Release
- Shares +0.2% after hours
EXR vs. ETF Alternatives
Extra Space Storage Inc is a fully integrated, self-administered and self-managed real estate investment trust. It owns, operates, manages, acquires, develops and redevelops professionally managed self-storage facilities.
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