Extra Space CEO Buys Up Shares

An article published in Barrons notes that Extra Space Storage CEO Kenneth Woolley has been buying up shares of the companys stock over the past three weeks$5.6 million worth. Between Aug. 7 and 11, he spent $4.1 million on 250,900 shares. He bought another 89,700 shares for $1.5 million on the 17th and 18th. He now lays claim to a total of 1.8 million shares, approximately 3.4 percent of the companys outstanding ownership interest.

Established in 1977, Extra Space is the second largest self-storage operator in the United States. Along with Prudential Real Estate Investors, the company recently acquired Storage USA. It now owns or operates 638 self-storage properties in 32 states and Washington, D.C. For details, visit www.extraspace.com.