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Extra Space Storage CEO Discusses Q2 Results - Earnings Call Transcript

Extra Space Storage, Inc. (EXR)

Q2 2012 Earnings Call

July 31, 2012 01:00 pm ET

Executives

Clint Halverson - Vice President of Investor Relations

Spencer Kirk - Chief Executive Officer

Karl Haas - VP & COO

Scott Stubbs - Executive VP & CFO

Analysts

Swaroop Yalla - Morgan Stanley

Michael Knott - Green Street Advisors

David Toti - Cantor Fitzgerald

Christine McElroy - USB

Ki Bin Kim - Macquarie

Eric Wolfe - Citi

Smedes Rose - KBW

Todd Thomas - KeyBank Capital Markets

RJ Milligan - Raymond James & Associates

Paula Poskon - Robert W. Baird

Michael Salinsky - RBC Capital Markets

Tayo Okusanya - Jefferies

Mike Bilerman - Citi

Presentation

Operator

Good day, ladies and gentlemen and welcome to the second quarter Extra Space Storage, Inc earnings conference call. My name is Brie, and I will be your operator for today. At this all, participants are in listen-only mode. Later, we will conduct a question-and-answer. [Operator Instructions]. As a reminder, this conference is being recorded for replay purposes.

I would like to turn the conference over to your host for today, Mr. Clint Halverson, Vice President of Investor Relations. Please proceed.

Clint Halverson

Thank you, Brie. Welcome to Extra Space Storage's second quarter 2012 conference call. In addition to our press release, we have furnished unaudited supplemental financial information on our website.

Please remember that management's prepared remarks and answers to your questions may contain forward-looking statements as defined in the Private Securities Litigation Reform Act. Actual results could differ materially from those stated or implied by our forward-looking statements due to risks and uncertainties associated with the company's business. These forward-looking statements are qualified by the cautionary statements contained in the company's latest filings with the SEC, which we encourage our listeners to review.

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