Extra Space Storage LP, founded in 1977 and headquartered in Salt Lake City, Utah, operates as a leading self-storage services provider in the United States. The company focuses on delivering high-quality storage solutions for residential and commercial customers, offering a range of unit sizes and amenities to meet various storage needs.
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Extra Space Storage began issuing bonds in the early 2000s, capitalizing on the growing demand for self-storage facilities. Notably, in 2019, the company issued $750 million in senior notes, which were well-received and offered a yield of 4.25%, reflecting competitive rates within the industry. Extra Space provides unique features such as call provisions, allowing the company flexibility in managing its debt portfolio. These structured bond offerings demonstrate the company’s proactive approach to finance while maintaining a solid investment grade rating, making it an appealing option for yield-seeking investors.