Extra Space Storage LP Completes $550M Senior Notes Offering Due 2032
EXR sits 16% above its 52-week low of $125.71.
Summary
Extra Space Storage LP completed its $550 million offering of 4.900% Senior Notes due 2032, finalizing a significant debt capital raise.
Key Events · Financing and Capital Events · EXR
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Debt Offering Completed
Extra Space Storage LP completed an underwritten public offering of $550,000,000 aggregate principal amount of 4.900% Senior Notes due 2032.
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Guaranteed by Parent Company
The Notes are fully and unconditionally guaranteed by Extra Space Storage Inc. and its business trusts.
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Finalizes Prior Announcements
This filing confirms the completion of the offering, following the pricing announcement on June 24, 2026, and the underwriting agreement execution on June 25, 2026.
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Offering Terms
The Notes bear interest at 4.900% per annum, payable semi-annually, and were offered at 99.702% of the principal amount.
Analysis · EXR · Real Estate & Construction
Extra Space Storage LP, a subsidiary of Extra Space Storage Inc., has completed its underwritten public offering of $550 million in 4.900% Senior Notes due 2032. This finalizes the debt offering that was previously priced and for which an underwriting agreement was executed in late June. The successful completion of this substantial capital raise provides the company with significant funding, which is typically used for general corporate purposes, debt repayment, or funding growth initiatives. The offering was priced at a slight discount (99.702% of principal amount), indicating solid market demand for the notes.
At the time of this filing, EXR was trading at $146.15 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $30.9B. The 52-week trading range was $125.71 to $155.19. This filing was assessed with neutral market sentiment and an importance score of 8 out of 10.