The EVP & COO of Extra Space Storage is Exercising Options

By Carrie Williams

Yesterday it was reported that the EVP & COO of Extra Space Storage (EXRResearch Report), Samrat Sondhi, exercised options to sell 10,144 EXR shares at $22.99 a share, for a total transaction value of $1.09M.

Following Samrat Sondhi’s last EXR Sell transaction on May 15, 2019, the stock climbed by 2.7%.

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Based on Extra Space Storage’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $340 million and quarterly net profit of $108 million. In comparison, last year the company earned revenue of $310 million and had a net profit of $130 million. The company has a one-year high of $124.46 and a one-year low of $86.99. Currently, Extra Space Storage has an average volume of 853.70K.

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Extra Space Storage, Inc. is a real estate investment trust. It operates through the following segments: Self-Storage Operations and Tenant Reinsurance. The Self-Storage Operations segment includes rents The Tenant Reinsurance segment consists of reinsurance of risks relating to the loss of good stored by tenants in the firm’s stores.