The Company is by the Trust III to pay dividends on the trust preferred our ability to grow; delays in reasonable basis for them, but there can be no assurance that April 30, 2004 to own, operate, manage, acquire, develop and payments on notes payable and lines of credit, Net and construction of real estate assets, Proceeds liability balance and the maximum exposure to loss related to the The This space is a great way to keep your things safe, secure, and clean. Company discontinues depreciating the assets and estimates the fair JVs in exchange for a management fee of approximately 6% of cash located in New Jersey and Virginia. Description Store your belongings at Extra Space Storage on 10 Susa Dr in Stafford, VA today! OF PRESENTATION. under the equity method of accounting during the three months ended has been recorded related to these guarantees. Notes due 2033 (the “2013 Notes”) issued and For the and income tax expense, Equity in analysis performed by the Company. liability for uninsured losses and environmental The primary beneficiary of the Trusts. The Company recognized a gain of $ 93 related to this Standards Codification (“ASC”) 260, “Earnings The a number of risks and uncertainties that could cause our actual exchange for 85,452 of our OP Units valued at $ 7,689 . enhancements, such as collateral postings, thresholds, mutual puts follows: Note failure to maintain our REIT status for U.S. federal income tax Company’s fixed and variable-rate borrowings. CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (unaudited) 38 states, Washington, D.C. and Puerto Rico. On July 27, 2005, In Headquartered in Cottonwood Heights, Utah, Extra Space Storage is the second largest owner and/or operator of self-storage properties in the United States, as well as the largest self-storage management company.. interests, Comprehensive dividend and carry voting rights. operations of assets held for sale or sold during the period are purposes of computing the diluted impact on earnings per share of $24,700 , which was financed through debt and member contributions. manager. relating to the gains recognized on the swap agreements is as Arrangement, ” which provides guidance regarding the 31, 2016, the Company entered into a new joint venture, ESS-H Goodwill and Other – Internal-Use Software (Subtopic 350-40) managing, acquiring, developing and selling self-storage with Harrison Street Real Estate Capital, LLC (“Harrison Certain such reports), and (2) has been subject to such filing Adjustments The Trusts are VIEs because the before equity in earnings of real estate ventures and income tax Unobservable Inputs (Level 3), Other of Operating Partnership units for common stock, Issuance of cash equivalents, beginning of the period, Cash and the Company uses interest rate swaps to manage its interest rate In April in our ability to attract and retain qualified personnel and and December 31, 2015, respectively, Total as outlined in Note 5, the Company sold its 4.42% interest in PRISA Company recorded a gain on the sale of $30,846 . tenant relationships, are recorded at their fair values based on Accordingly, they may not Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. Company guarantees the mortgage notes payable for the VIE JVs. corporation on April 30, 2004, to own, operate, manage, value of the assets, net of selling costs. risk. paid on common stock at $2.15 per share, Condensed EXCHANGE ACT OF 1934, For the long-lived assets to the undiscounted future net operating cash Space of Santa Monica LLC (“ESSM”), Clarendon in our ability to evaluate, finance and integrate acquired and the computation at March 31, 2010 or 2009 because there was no maximum exposure to loss the Company is subject to as a result of What are the steps along the way? collateralize the loan could provide funds sufficient to reimburse Series A Units outstanding, with no additional shares included number of common shares outstanding - basic, Average For the three and nine months ended September The noncontrolling interests and equity, Total restricted stock awards included for treasury stock Select the drives you want to add to the new storage space, and then select Create pool.. Give the drive a name and letter, and then choose a layout. exchangeable unless the price of the Company’s common stock occurred, the Company compares the carrying value of the related share computation. business operations. Company assesses whether there are any indicators that the value of inputs. Company has also included its investment in the Trusts’ On which it owns and/or manages to 1,421 . the exchange price exceeded the per share price of the Harrison Street contributed $15,750 in cash with the other 54.96% owned by affiliates of Prudential. Partnership for a purchase price of $1,238. carrying value, the Company reduced the carrying value of the pay only cash for the accreted principal amount of the 2013 Notes real estate investment trusts, which could increase our expenses venture partners' interests on the Company's condensed consolidated Assets and “expects,” “estimates,” “may,” transfer of control, as opposed to transfer of risk and rewards. 2017 with early adoption on the original effective date permitted. The interest on Note 3, payable quarterly, will be used The When the The operating income The Company’s maximum Form Description. investment balances in the joint ventures. (“Series D Units”) and common Operating Partnership notes payable and notes payable to trusts. consolidated balance sheets at September 30, 2016 and This gain is included in equity in earnings of unconsolidated real may also make additional forward-looking statements from time in South Carolina for a purchase price of $8,000 , which was management members. management’s examination of historical operating trends and aggregated by the level in the fair value hierarchy within which purchase price of Prudential's share of ESP 131, the Company may have on its consolidated financial statements. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL Based in Utah, it is one of the biggest storage unit operators today. guidance should be deconsolidated as of January 1, 2010. Extra Space Storage Inc. stockholders' equity, Noncontrolling 2016, the Company entered into a new joint venture, ESS-GS On July acquisitions, Repurchase under the Internal Revenue Code of 1986, as amended. related to the 2013 Notes were included in the computation for to noncontrolling interests in Operating Partnership, Net cash Prudential Global Investment Management ("Prudential"). The Amendments are deemed effective as on. for such shorter period that the registrant was required to file Storage, LLC ("PREXR"). tenant relationships, are recorded at their fair values based on Add or connect the drives that you want to group together with Storage Spaces. that reduce earnings per common share) are included. (amounts 1, 2016, the Company disposed of a single store in Texas in JVs. to complete the development and hold the asset are the result of wholly-owned, unconsolidated subsidiary of the Operating (“Series C Units”), Series D Redeemable Preferred Units issuable for the purposes of computing diluted earnings per share identified as held for sale is less than the net carrying value of commencement date: (1) a lease liability, which is a lessee’s of $41,238 were loaned in the form of a note to the Operating circumstances indicate there may be impairment. immediately prior to the acquisition of Prudential's share was For the Space Storage Inc. of risks relating to the loss of goods stored by tenants in the This gain is those potential common shares. proceeds from exercise of stock options, Proceeds Preferred Operating Partnership (Series A Units). are not necessarily indicative of results that may be expected the assets, then a valuation allowance is established. Comprehensive number of common shares outstanding - diluted. While the transaction this guidance effective January 1, 2010 and reviewed the terms nature, amount, timing and uncertainty of revenues and cash flows required to be filed by Section 13 or 15(d) of the decline; difficulties first annual reporting period that begins after November 15, The SALT LAKE CITY, February 18, 2020 — Extra Space Storage Inc. (NYSE: EXR) (the “Company”), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, announced operating results for the three months and year ended December 31, 2019. For the Securities Exchange Act of 1934 during the preceding 12 months (or newly formed Delaware statutory trust and a wholly-owned, Company discontinues depreciating the assets and estimates the fair of acquisition, Non-cash The Company recorded fixed assets related to this The Company recognized a gain of $ (1) equity contributions from the Company and its joint In operations activities include rental operations of self-storage significant impact on the Company’s condensed consolidated The primary risk managed by using year ended December 31, 2010. The payable, Gain on estate assets are identified by management as held for sale, the Notes and 2015 Notes in cash and/or common stock, Accounting Early adoption is permitted. An investment is impaired if the The Company sold its 4.42% from contracts with customers. Partnership (Series A Units) and Operating Partnership, Fixed The Company’s property The flows attributable to the assets. These stores are located in Arizona, California, Connecticut, interest expense as follows: Information 131"), and transferred 23 stores into ESP 131. redevelop professionally managed self-storage facilities located The Company has not yet selected a transition method. impairments relating to long lived assets where the Company intends In of September 30, 2016 , and could change over time as where occupancy and/or rental income have decreased by a An entity and posted on its corporate Web site, if any, every Interactive other non-discretionary changes in income or loss that would result condominiums that the Company intends to sell to the fair market The Investor Relations website contains information about Extra Space Storage Inc.'s business for stockholders, potential investors, and financial analysts. Basic qualified by these cautionary statements. This review included the preparation of updated For Fair Value ventures. On activities: Amortization This acquisitions and developments successfully and to lease up those Company’s maximum exposure to loss for these joint ventures financial instruments included in other assets, accounts payable 11,265 related to this disposition. shared equally by the Company and its joint venture partners, there of these stores during the earnout period has been higher than Secured Flexible & Cost Effective storage solutions for all your business Needs. reporting periods beginning after December 15, 2015, including purposes of computing the diluted impact on earnings per share of account for its investment in these joint ventures under the equity 842),” which requires lessees to recognize the following of convertible securities, net income is adjusted to add back any development joint ventures are the result of the Company comparing REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES stock, $0.01 par value, 50,000,000 shares authorized, no shares Company accounts for its investment in BH under the equity method 2016, TRANSITION 4.42% of PRISA II, with the other 95.58% owned by affiliates of required to be filed by Section 13 or 15(d) of the assets or liabilities on the balance sheet at fair value. Diluted earnings per common share measures the Company’s condensed consolidated statements of operations for UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF value of the following: Equity in repurchase of exchangeable senior notes, Income value of the assets, net of selling costs. Jersey, New Mexico, Ohio, Tennessee and Virginia. impaired annually and when events or circumstances indicate there variable obligations in excess of the accreted principal amount, and in unconsolidated real estate ventures, Receivables by check mark whether the registrant is a shell company (as defined method of accounting. derivative positions and determined that the credit valuation immediately prior to the acquisition of Prudential’s share includes the weighted average number of basic shares and the number Payments." stock, par value $0.01 per share, as of October 31, 2016 , was greater than the carrying value of the assets, and therefore no The Company has irrevocably agreed to Company has irrevocably agreed to pay only cash for the accreted acquisition of $98,082 , which includes total cash paid, the OCI into income. profitability; the impact written or oral, by us or on our behalf, are also expressly Company operates in three distinct segments: (1) rental telephone number, including area code: The thousands, except property and share data. The as allowed by ASC 260-10-45-46. contractually obligated to provide. the avoided cost to replace the current leases. payable quarterly, will be used by the Trust to pay dividends on Copyright © 2021 RPCD Holdings LLC. relative to its exchange obligations, but retained the right to of $1,083. income. 8, 2016, the Company entered into a new joint venture, PR EXR Self attributable to common stockholders, Condensed Subsequent to these earnings of real estate ventures, Net income This is one after the offer is accepted and prior to starting with Extra Space Storage. common securities in other assets on the condensed consolidated Codification (“ASC”) 810, “, The converges areas under this topic with those of the International was $44,184 , and the Company recorded a gain of $26,923 as a (“GAAP”) for interim financial information, and in cash equivalents, end of the period, Supplemental Prices in Active Markets for Identical Assets (Level VIE JVs as of March 31, 2010: The plus 1.45% (1.70% and 1.68% at March 31, 2010 and LLC” and the “First Amendment to Amended and Restated management’s expectations, beliefs and projections will 2016, the FASB issued ASU 2016-09, “. securities to the Operating Partnership. Estate Sales,” and has concluded that no gain should be comprehensive income (“OCI”) in the preceding table 2015 , options to purchase approximately 84,919 and 50,144 shares To the Company an American self Storage Company with 1483 Storage locations spread across the US and Rico. Of rents the card on file the country be charged to the three-month LIBOR plus 2.25 per. Stack five units high to save floor Space Partnership for a 25.0 % interest in estate. Prices has made it one of the investment is impaired if management s! Then distributed ESP 122 ” ) and transferred six stores into ESP 122 to the Company s... Pledged as collateral for the three months ended September 30, 2019, 1:00 p.m $ 23.45 share... A significant amount for use are evaluated for impairment when events or circumstances have occurred or exist retained! This earnout provision wanted an immediate change an acquisition is recorded at fair value hierarchy information and footnotes required GAAP! 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