Extra Space buys back $43 million more exchangeables at discount

By Jennifer Chiou

New York, June 23 - Extra Space Storage Inc. announced the repurchase of $43 million principal amount of its exchangeable senior notes due 2027 at a cost of $36.3 million.

The repurchase will result in a one-time gain of $5.1 million for the quarter ending June 30.

On May 4, the company said it had bought back $71.5 million of the exchangeables in the open market during the three months ended March 31.

Extra Space is a Salt Lake City-based real estate investment trust that focuses on self-storage facilities.

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