Extra Space Storage Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Joseph Daniel Margolis
- Full Time Employees
- 8,012
- Sector
- Real Estate
- Industry
- REIT - Industrial
- Address
- 2795 East Cottonwood Parkway Salt Lake City UT United States of America 84121
- IPO Date
- Aug 16, 2004
- CIK
- 0001289490
- Website
- extraspace.com
- Similar Companies
- Business
- Extra Space Storage Inc. (NYSE: EXR), headquartered in Salt Lake City, Utah, and founded in 1977, operates as a self-administered and self-managed real estate investment trust (REIT) and member of the S&P 500, ranking as the largest owner and operator of self-storage properties in the United States; as of June 30, 2025, the company owns and/or operates 4,179 self-storage stores across 43 states and Washington, D.C., encompassing approximately 2.9 million units and 321.5 million square feet of rentable space under the Extra Space Storage brand. It provides a broad array of storage solutions to individual and business customers, including personal self-storage units in various sizes from small closet-sized to large garage-sized options with climate-controlled, drive-up access, and 24-hour availability features; business storage for inventory, records, and equipment with flexible lease terms, package acceptance, and customized solutions; vehicle storage encompassing enclosed garage-style parking, outdoor covered or uncovered spaces for boats and RVs; moving supplies such as boxes, tape, bubble wrap, and locks; tenant insurance protecting against loss or damage from theft, fire, or water; and truck rental partnerships for convenient transportation. The company serves diverse markets including residential movers, downsizers, declutterers, small businesses, retailers, and enterprises, with operations emphasizing secure, clean facilities supported by advanced technology for online reservations, payments, Bluetooth gate access, and dynamic revenue management. In recent developments, Extra Space Storage completed its transformative merger with Life Storage in 2023, an all-stock transaction that expanded its portfolio to over 3,500 locations initially and solidified its position as the top self-storage operator by store count and square footage, generating significant synergies in general and administrative expenses, property operations, and tenant insurance income; the company surpassed 4,000 stores nationwide by early 2025 through ongoing acquisition initiatives, including 55 operating facilities and three certificate-of-occupancy stores for $581 million in direct investments plus joint venture acquisitions totaling $360 million in 2024, alongside increased ownership in existing ventures; earlier milestones include the 2015 internalization of its management platform for enhanced operational control and revenue optimization, as well as prior acquisitions like Storage USA in 2005 and SmartStop Self Storage in 2013 that bolstered its national footprint and third-party management capabilities.
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