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Extra Space Storage poised to sell additional 5.2M shares

Published November 7, 2012 8:14 am

This is an archived article that was published on sltrib.com in 2012, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Extra Space Storage Inc., a Salt Lake City-based real estate investment trust that operates in the self-storage industry, said it intends to issue and sell 5.2 million shares of its stock in a public offering.

The company intends to use the proceeds of the offering to fund its acquisition of 28 properties that it wants to buy for $190.2 million and to repay a portion of its outstanding debt.

Citigroup will serve as the underwriter of the offering.