Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP (the "operating partnership"), has priced a public offering of $600 million aggregate principal amount of 5.900% senior notes due 2031 (the "Notes"). The Notes were priced at 99.712% of the principal amount and will mature on January 15, 2031. J.P. Morgan, PNC Capital
Diamond Hill Capital, an investment management company, released its “Large Cap Strategy” third-quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy performed roughly in line with the Russell 1000 Index. Early indications of consumer weakness among select merchants and a significant increase in interest rates impacted […]
Extra Space Storage (EXR) is poised to benefit from the high brand value, accretive buyouts and a healthy balance sheet. However, a rise in vacating volumes and high interest rates are concerns.