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Extra Space Storage

Operates and manages self-storage facilities across the United States.

Discussion
property-managementreal-estaterenewable-energy

Company facts

Founded
1977
Employees
8,393
Headquarters
United States
CEO
Joseph D. Margolis
Type
Public
Listed
NYSE: EXR
Subsidiaries
Life Storage, Storage Express, Extra Space Management

About

Extra Space Storage Inc. is a prominent real estate investment trust (REIT) that specializes in the self-storage industry. Founded in 1977, the company is headquartered in Cottonwood Heights, Utah. Over the decades, Extra Space Storage has grown to become the largest operator of self-storage facilities in the United States. The company boasts a massive portfolio of over 4,000 self-storage properties across 43 states and Washington, D.C., providing more than 283 million square feet of net rentable space. Their facilities cater to a diverse clientele, offering a variety of storage unit sizes that include climate-controlled options, drive-up units, lockers, and spaces designed specifically for RVs and boats. Apart from its expansive footprint, Extra Space Storage is recognized for its customer-centric approach and commitment to sustainable practices. The company has been awarded NAREIT's Leader in the Light Award multiple times for its superior and sustained sustainability efforts. They have also made significant advances in solar energy, installing solar panels at numerous properties, thus contributing positively to the environment. As a publicly traded company listed on the New York Stock Exchange under the ticker EXR, Extra Space Storage continues to innovate and enhance its services, aiming to make self-storage not just functional but also a more accessible and valuable resource for its customers.

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