Extra Space Storage Inc. (EXR)

Q2 2010 Earnings Call

July 29, 2010 1:00 PM ET

Executives

Clint Halverson – Investor Relations

Spencer Kirk – Chairman and CEO

Kent Christensen – Chief Financial Officer

Karl Haas – Chief Operating Officer

Analysts

Eric Wolfe – Citi

Christy McElroy – UBS

Ki Bin Kim – Macquarie

David Toti – FBR Capital Markets

Todd Thomas – KeyBanc Capital Markets

Todd Stender – Wells Fargo

Paula Poskon – Robert W. Baird

Smedes Rose – Keefe, Bruyette & Woods

Michael Knott – Green Street Advisors

Mike Salinsky – RBC Capital Markets

Presentation

Operator

Greetings. And welcome to the Extra Space Storage Second Quarter 2010 Earnings Conference Call. At this all, participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. (Operator Instructions)

As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Mr. Clint Halverson with Extra Space Storage. Thank you. You may begin.

Clint Halverson

Thank you, [Mann]. Welcome to Extra Space Storage second quarter 2010 conference call. In addition to our press release, we’ve also furnished unaudited supplemental financial information on our website. Please remember that management's 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 programs, revenues and operating income, FFO and guidance.

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