Assets: Real estate assets, net Investments in unconsolidated real estate ventures Cash and cash equivalents Restricted cash Extra Space Storage Inc. Consolidated Balance Sheets (dollars in thousands, except share data) December 31, 2017 Receivables from related parties and affiliated real estate joint ventures Other assets, net Total assets Liabilities, Noncontrolling Interests and Equity: Notes payable, net Exchangeable senior notes, net Notes payable to trusts, net Revolving lines of credit Accounts payable and accrued expenses Other liabilities Total liabilities Commitments and contingencies Noncontrolling Interests and Equity: Extra Space Storage Inc. stockholders' equity: Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued or outstanding Common stock, $0.01 par value, 500,000,000 shares authorized, 126,007,091 and 125,881,460 shares issued and outstanding at December 31, 2017 and December 31, 2016, respectively Additional paid-in capital Accumulated other comprehensive income Accumulated deficit Total Extra Space Storage Inc. stockholders' equity Noncontrolling interest represented by Preferred Operating Partnership units, net of $120,230 notes receivable Other noncontrolling interests Noncontrolling interests in Operating Partnership Total noncontrolling interests and equity Total liabilities, noncontrolling interests and equity December 31, 2016 $ 7,132,431 $ 6,770,447 70,091 79,570 55,683 43,858 30,361 13,884 2,847 16,611 163,724 167,076 $ 7,455,137 $ 7,091,446 $ 3,738,497 $ 3,213,588 604,276 610,314 117,444 117,321 94,000 365,000 96,087 101,388 81,026 87,669 4,731,330 4,495,280 1,260 2,569,485 33,290 1,259 2,566,120 16,770 (253,284) (339,257) 2,350,751 2,244,892 159,636 147,920 213,301 203,354 119 2,723,807 2,596,166 $ 7,455,137 $ 7,091,446 =