Extra Space Storage Inc at NAREIT REITWeek (Virtual) Transcript
Hi, everybody. I'll get started. Good afternoon, and thank you for joining us for the Extra Space Storage presentation. My name is Todd Stender, I'm the senior equity analyst at Wells Fargo Securities responsible for the self-storage REIT sector.
With us today, we've got Extra Space. They are a $14 billion market cap, self-storage REIT and a member of the S&P 500. EXR is the symbol. They're the second largest storage REIT, they are headquartered in Salt Lake City. They've got over 1,850 stores across 40 states. The company has a reputation for being a technology leader in the REIT space, and has long used data and technology to develop sophisticated revenue management and customer acquisition strategies in the storage industry.
Extra Space has had an impressive growth trajectory over the past 10 years, illustrated by $6.8 billion of acquisitions as well as creating a formidable third-party management platform that remains the largest in the self-storage industry. For the decade
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