ATTRACTIVE SECTOR
Self-storage is a need based, recession resilient asset class with
increasing awareness, utilization, length of customer stay, and has demand
drivers in positive and negative economic environments. The asset class has
steady cash flows driven by high operating margins, the ability to increase
rents monthly, and low cap-ex requirements resulting in high FAD and
consistent dividend growth.
OPERATIONAL EXCELLENCE
Extra Space Storage enhances the value of existing and newly acquired self
storage facilities, through best-in-class customer acquisition, revenue
management and customer service platforms. There is consistent
outperformance of peers in same-store revenue, net operating income and
funds from operations (FFO) growth.
DIVERSIFIED AND GROWING PORTFOLIO
The consistent growth of Extra Space’s geographically diverse portfolio
through accretive acquisitions, mutually beneficial joint-venture
partnerships, and third-party management services in a highly fragmented
sector creates a strong portfolio that can have disciplined growth in any
operating environment.
SOLID BALANCE SHEET
S&P Global: BBB+ Stable
Moody’s: Baa2 Stable
Extra
Space has an appropriately leveraged investment grade rated balance sheet
consisting of diversified capital sources to provide access to the cheapest
sources of funds in different economic climates.
STRONG PARTNERSHIPS
The strong partnerships Extra Space maintains creates growth opportunities
through joint venture, lending, and third-party management relationships.
Our partnerships provide capital, additional income streams, enhanced
returns and future acquisition opportunities.
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