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Extra Space Storage CEO Discusses Q3 2010 Results - Earnings Call Transcript

Extra Space Storage, Inc. ( EXR)

Q3 2010 Earnings Call

October 29, 2010 1:00 pm ET

Executives

Clint Halverson - Senior Director, Corporate Communication & Investor Relations

Spencer Kirk - Chairman and CEO

Kent Christensen - CFO

Karl Haas - COO

Analysts

Christy McElroy - UBS

Mark Metendan - Citi

Todd Thompson - KeyBank Capital Markets

David Toti - FBR

Smedes Rose - KBW

Michael Knott - Green Street Advisors

Michael Salinsky - RBC Capital Markets

Todd Stender - Wells Fargo

Paul Adornato - BMO Capital Markets

Mike Bilerman - Citi

Ross Nussbaum - UBS

Presentation

Operator

Greetings and welcome to the Extra Space Storage Third Quarter 2010 Conference Call. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Clint Halverson. Thank you Mr. Halverson, you may begin.

Clint Halverson

Thank you, Tanya. Welcome to Extra Space Storage’s third quarter 2010 conference call. In addition to our press release we’ve also furnished unaudited supplemental financial information on our website. Please remember that managements’ prepared remarks and answers to your questions contain forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements address matters which are subject to risks and uncertainties that may cause actual results to differ from those discussed today.

Examples of forward-looking statements include those related to Extra Space Storage’s development and acquisition program, revenues and operating income, including FFO and guidance. We encourage all of our listeners to review a more detailed discussion related to these forward-looking statements contained in the Company’s filings with the SEC. Forward-looking statements represent management’s estimates as of today, Friday October 29, 2010.

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