Extra Space Storage Inc. (NYSE:EXR) Q3 2024 Results Conference Call October 30, 2024 1:00 PM ET

Company Participants

Jared Conley - Vice President, Investor Relations
Joe Margolis - Chief Executive Officer
Scott Stubbs - Chief Financial Officer

Conference Call Participants

Michael Goldsmith - UBS
Todd Thomas - KeyBanc Capital Markets
Caitlin Burrows - Goldman Sachs
Spenser Allaway - Green Street
Juan Sanabria - BMO Capital Markets
Nick Yulico - Scotiabank
Eric Wolfe - Citi
Jeff Spector - Bank of America
Eric Luebchow - Wells Fargo
Hongliang Zhang - JPMorgan
Jenny Li - Morgan Stanley
Samir Khanal - Evercore ISI
Omotayo Okusanya - Deutsche Bank
Ki Bin Kim - Truist

Operator

Ladies and gentlemen, thank you for standing by. Welcome to the Third Quarter 2024 Extra Space Storage Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer. [Operator Instructions] Please be advised that today's conference is being recorded.

I would like now to turn the conference over to Jared Conley, Vice President of Investor Relations. Sir, please go ahead.

Jared Conley

Thank you, Michelle.

Welcome to Extra Space Storage's Q3 2024 earnings call. In addition to our press release, we have furnished unaudited supplemental financial information on our website. Please remember that management's prepared remarks and answers to your questions may contain forward-looking statements as defined in the Private Securities Litigation Reform Act.

Actual results could differ materially from those stated or implied by our forward-looking statements due to risks and uncertainties associated with the company's business. These forward-looking statements are qualified by the cautionary statements contained in the company's latest filings with the SEC, which we encourage our listeners to review.

Forward-looking statements represent management's estimates as of today, October 30, 2024. The company assumes no obligation to revise or update any forward-looking statements because of changing market conditions or other circumstances after the date of this conference call.

I would now like to turn the call over to Joe Margolis, Chief Executive Officer.

Joe Margolis

Thanks, Jared, and thank you everyone for joining today's call.

To begin the call today, I would first like to address the impact of Hurricane Milton on our people. I am happy to report that all our teammates are safe, although a small number of individuals and their families were displaced and we have provided shelter assistance for them. Scott will address the financial impacts of the hurricane in his comments. Before we address the myriad of data points and moving pieces from the quarter, I want to make some overall big picture comments on our performance.