Extra Space Storage Inc. (NYSE: EXR) exhibited solid growth in its first quarter results and looks to report continued success for the second quarter. The company will release financial results for the three months ended June 30, 2011 on Thursday, July 28, 2011 after the market closes.
Extra Space Storage will host a conference call at 12:00 p.m. Eastern Time on Friday, July 29, 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.
In May, the company announced a quarterly dividend of $0.14 per share on its common stock for the second quarter of 2011. The dividend is payable on June 30 to stockholders of record at the close of business on June 15, 2011. Recently, Extra Space sold 5 million shares of its common stock in a public offering and partially exercised its over-allotment of 335,423 shares with total net proceeds of about $112.9 million.
During the conference call, company officers will review second quarter 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 call, dial in at least five minutes prior to start time. The phone number is 866-362-4831 for domestic callers and 617-597-5347 for international callers. The conference ID is 48674800 for both.
A recording of the call will be available through Aug. 29. The phone number to access the playback is 888-286-8010 for domestic callers and 617-801-6888 for international callers. The conference ID is 81454121.
The conference call will also be accessible online through the “Investor Relations” page at Extraspace.com. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time to register as well as download and install the necessary audio software. A replay of the call will be available on the website for 30 days. The full text of the earnings report and supplemental data will be available immediately following the earnings release on the company's website. Information regarding the release and real-time updates of the earnings call will be available on the Extra Space Storage Investor Relations Twitter feed. To access these updates you can follow ExtraSpaceIR.
In the United States, Extra Space Storage Inc., headquartered in Salt Lake City, 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 525,000 units and more than 57 million square feet of rentable storage space offering customers conveniently located and secure storage solutions, including boat storage, RV storage and business storage. Extra Space Storage is the second-largest owner and/or operator of self-storage properties and is the largest self storage management company in the United States.
“Extra Space Storage Holds Conference Call, Releases Earnings for Second-Quarter 2011.” Inside Self-Storage. July 18, 2011.
“Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss Second Quarter 2011 Results.” Marketwire.com. July 14, 2011.
Stevens, John. “Extra Space Storage Issues Stock Over-Allotment Option and Declares Quarterly Dividend.” Self Storage Industry News. May 25, 2011.