1、EXTRA SPACE STORAGE 2006 ANNUAL REPORT 06 ANNUAL REPORT BY THENUMBERSEXTRA SPACE STORAGE 2006 ANNUAL REPORTTOP 10OVERALL INREITFFO GROWTH#1RANKEDSELECTED DATA-Dollars in thousands,except share and per share data.YEAR ENDED DECEMBER 31,200420062005STOCK PRICE PERFORMANCE-Comparison of Cumulative Tota
2、l Return Prior to August 17,2004,the Company was not publicly traded and there was no public market for the Companys securities.The graph compares the cumulative total return on the Companys common shares with that of the Standard and Poors 500 Stock Index(“S&P 500 Index”)and the National Associatio
3、n of Real Estate Investment Trusts Equity Index(“NAREIT Equity Index”)from August 17,2004(the date that the Companys common shares began to trade publicly)through December 31,2006.The stock price performance graph assumes that an investor invested$100 at the close of market on August 17,2004 in shar
4、es of the Companys common stock and invested$100 at the same time in each of the indexes.The comparisons in the graph are provided in accordance with the Securities and Exchange Commission disclosure requirements and are not intended to forecast or be indicative of the future performance of the Comp
5、anys shares of common stock.$170$160$150$140$130$120$110$100$9017Aug04 Sep-04 Dec-04 Mar-05 Jun-05 Sep-05 Dec-05 Mar-06 Jun-06 Sep-06 Dec-06 Extra Space Storage Inc.S&P 500 Index NAREIT Equity$OPERATING DATA:Total revenues197,264134,72865,720Property operating expenses62,24345,96326,066General and a
6、dministrative expenses35,60024,08112,465Depreciation and amortization37,17231,00515,552Interest expense(50,953)(42,549)(28,491)Equity in earnings of real estate ventures4,6933,1701,387Net income(loss)14,876(4,966)(18,462)OTHER DATA:FFO-diluted(1)56,33627,236NA(2)Weighted average number of shares-dil