SOURCE: Extra Space Storage Inc.

Extra Space Storage Inc.

February 08, 2011 19:51 ET

Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss Year End 2010 Results and Revises 2010 Tax Reporting Information for Dividend Distributions

SALT LAKE CITY, UT--(Marketwire - February 8, 2011) - Extra Space Storage Inc. (NYSE: EXR) announced today it will release financial results for the three months and year ended December 31, 2010 on Tuesday, February 22, 2011 after the market closes. The Company will host a conference call at 1:00 p.m. Eastern Time on Wednesday, February 23, 2011 to discuss its financial results. Hosting the call will be Extra Space Storage's CEO and Chairman, Spencer Kirk. Joining him will be Kent Christensen, Executive Vice President and CFO; and Karl Haas, Executive Vice President and COO. 

During the conference call, company officers will review fourth quarter and annual performance, discuss recent events, and conduct a question-and-answer period. The question-and-answer period will be limited to registered financial analysts. All other participants will have listen-only capability.

To Participate in the Telephone Conference Call:

Dial in at least five minutes prior to start time.

Domestic: 866-783-2145

International: 857-350-1604

Conference ID: 99540134

Conference Call Playback:

Domestic: 888-286-8010

International: 617-801-6888 

Conference ID: 80264378

The playback can be accessed through March 25, 2011.

The conference call will also be available on the Extra Space website under Investor Relations at www.extraspace.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available for 30 days on Extra Space's website.

Full Text of the Earnings Report and Supplemental Data

  • Internet -- The full text of the earnings report and supplemental data will be available immediately following the earnings release to the wire services on February 22, 2011 at the Company's website at www.extraspace.com.

  • Mail -- For those without Internet access, the fourth quarter and year end 2010 earnings release will be available by mail or fax, on request. To receive a copy, please call Extra Space Storage Investor Relations at (801) 562-5556.

The Company also announced today the revision of the allocations of the Company's 2010 dividend distributions on its common stock. The allocations as they will be reported on a revised Form 1099-DIV are as follows for common shares CUSIP# 30225T102:

                         
Declaration Date   Record Date   Ex-Dividend Date   Payable Date   Distribution per Share   Ordinary Income   Return of Capital
2/22/2010   3/15/2010   3/11/2010   3/31/2010   $0.1000   $0.0995   $0.0005
5/25/2010   6/15/2010   6/11/2010   6/30/2010   $0.1000   $0.0995   $0.0005
8/27/2010   9/15/2010   9/13/2010   9/30/2010   $0.1000   $0.0995   $0.0005
8/27/2010   12/10/2010   12/8/2010   12/31/2010   $0.1000   $0.0995   $0.0005
            Totals   $0.4000   $0.3980   $0.0020
            %   100.00%   99.51%   0.49%

Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Extra Space Storage distributions.

About Extra Space Storage Inc.

Extra Space Storage, headquartered in Salt Lake City, Utah, is a fully integrated, self-administered and self-managed real estate investment trust that owns and/or operates 820 self-storage properties in 34 states and Washington, D.C. The Company's properties comprise approximately 550,000 units and over 59 million square feet of rentable space, offering customers a wide selection of conveniently located and secure storage solutions across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage properties in the United States and is the largest self-storage management company in the United States.

Contact Information

  • For Information:
    Clint Halverson
    Extra Space Storage Inc.
    (801) 365-4597

    Extra Space Storage Inc.
    PHONE (801) 562-5556
    FAX (801) 562-5579
    2795 East Cottonwood Parkway, Suite 400
    Salt Lake City, Utah 84121
    www.extraspace.com