Seeking Alpha

Extra Space Storage, Inc. (EXR)

  • Thu, Oct. 1, 8:03 AM
    | Thu, Oct. 1, 8:03 AM | Comment!
  • 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
    | Mon, Jun. 15, 4:10 PM | Comment!
EXR vs. ETF Alternatives
Company Description
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.
Sector: Financial
Country: United States