Extra Space Storage Inc. (NYSE: EXR) (the "Company") announced today the allocations of the Company's 2011 distributions on its common stock. The allocations as they will be reported on Form 1099-DIV are as follows for common shares CUSIP# 30225T102:

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Declaration   Record  Ex-Dividend   Payable  Distribution Ordinary Return of
    Date       Date       Date       Date      per Share   Income   Capital
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  2/8/2011  3/15/2011  3/11/2011   3/31/2011        $0.14    $0.14     $0.00
 5/23/2011  6/15/2011  6/13/2011   6/30/2011        $0.14    $0.14     $0.00
 8/26/2011  9/15/2011  9/13/2011   9/30/2011        $0.14    $0.14     $0.00
 11/28/2011 12/9/2011  12/7/2011  12/30/2011        $0.14    $0.14     $0.00
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                                      Totals        $0.56    $0.56     $0.00
                                             ===============================
                                           %    100.00%    100.00%   0.00%
                                             ===============================

Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Extra Space Storage distributions.

About Extra Space Storage Inc.

Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust. As of December 31, 2011, the Company owned and/or operated 882 self-storage properties in 34 states and Washington, D.C. The Company's properties comprise approximately 585,000 units and approximately 64 million square feet of rentable storage space offering customers conveniently located and secure storage solutions, including business storage. Extra Space Storage is the second-largest owner and/or operator of self-storage properties and is the largest self-storage management company in the United States. For more information, visit www.extraspace.com.

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