1、INNOVATING FOR A BETTER TOMORROWANNUAL REPORT 2020PLATFORMPORTFOLIOEXTERNAL GROWTHOur platform is the result of constant innovation.We are continually challenging ourselves to drive more traffic,at a lower cost,with better conversion while providing an ever-improving customer experience.Our pricing
2、models incorporate the benefits of cutting edge data analytics and the experience of our talented team to maximize revenue.Extra Space has taken one of real estates most durable sectors and made it even more resilient.We purposefully built our highly diversified portfolio to have exposure to many hi
3、gh-growth primary and secondary markets.We have no single key property,market,tenant,demographic,or partner that substantially impacts our results,positioning us to provide steady long-term growth.We continue to find innovative ways to invest capital in the self-storage sector at appropriate risk ad
4、justed returns.In addition to our traditional acquisitions and third-party management platforms,we continue to grow our structured finance business,with over$600 million invested in 2020.PEOPLESUSTAINABILITYPERFORMANCEOur people rose to the challenges of 2020,and with adaptability and resilience the
5、y continued to help our customers to a better tomorrow.We have always said our people and culture are a key differentiator for Extra Space,and this past year is evidence of that.Being green is in our DNA.Sustainability is at the intersection of whats best for the environment,for our employees,for ou
6、r customers,for the communities we are in,and for our shareholders.We are proud of the progress we have made over the last 10 years,to set ourselves apart as the sector leader in renewable energy initiatives.Despite the headwinds of 2020,Extra Space delivered another year of strong Core-FFO growth o