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    Jenny

    Research Analyst at Morgan Stanley

    Jenny Leeds, Ph.D., is an investor with Morgan Stanley's Counterpoint Global team, focusing on growth-oriented equity strategies across multiple sectors. Having joined Morgan Stanley in 2019, she brings over nine years of investment experience and is recognized for identifying high-potential companies, helping drive significant portfolio returns for her clients. Jenny previously held investment positions prior to her current role and has established a strong track record through her rigorous research approach and sector expertise. She holds a Ph.D., further strengthening her analytical capabilities, and is involved in professional finance and investment communities.

    Jenny's questions to Extra Space Storage (EXR) leadership

    Jenny's questions to Extra Space Storage (EXR) leadership • Q3 2024

    Question

    Jenny, on for Ronald Kamdem, asked about the magnitude of existing customer rate increases (ECRIs) for both pools and whether the company's focus will remain on occupancy over pricing.

    Answer

    CEO Joseph Margolis confirmed that both the LSI and EXR pools are now on the same ECRI program, with no difference in pace or amount. He reiterated that the company's primary goal is optimizing long-term revenue, and while current data supports leaning into occupancy, this strategy is dynamic and will be adjusted as market conditions change.

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