Extra Space Storage (EXR) Enters $800M Equity Distribution Agreement
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.5%
EPS Growth %: -0.8%
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Extra Space Storage (NYSE: EXR) disclosed:
We have entered into an equity distribution agreement with each of BMO Capital Markets Corp., BNP Paribas Securities Corp., BofA Securities, Inc., Citigroup Global Markets Inc., Jefferies LLC, J.P. Morgan Securities LLC, Regions Securities LLC, TD Securities (USA) LLC, Truist Securities, Inc. and Wells Fargo Securities, LLC, each a sales agent and, collectively, the sales agents, relating to shares of our common stock, $0.01 par value per share, or common stock, offered by this prospectus supplement and the accompanying prospectus pursuant to a continuous offering program. In accordance with the terms of the equity distribution agreement, we may from time to time offer and sell shares of common stock having an aggregate offering price of up to $800,000,000 through the sales agents, as our agents.
Our common stock is listed on the New York Stock Exchange, or the NYSE, under the symbol “EXR.” On August 6, 2021, the last reported sale price of our common stock on the NYSE was $175.51 per share.
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