Extra Space Storage Prices $550 Million in Senior Notes

The offering, managed by a syndicate including Wells Fargo Securities, J.P. Morgan, and Truist Securities, is slated to close on or about July 6, 2026. These notes will be fully and unconditionally guaranteed by Extra Space and select subsidiaries. The company plans to allocate the net proceeds toward retiring outstanding debt under its commercial paper program and existing lines of credit, while also earmarking capital for potential growth opportunities.

As the largest self-storage operator in the United States, Extra Space maintains a portfolio spanning 42 states and Washington, D.C. The issuance follows an effective shelf registration statement filed with the Securities and Exchange Commission, with the notes maturing on February 1, 2032.