Extra Space Storage (NYSE:EXR). (NYSE: EXR) is a fully integrated real estate investment trust (REIT) that specializes in the ownership, operation and management of self storage properties. Founded in 1977 and headquartered in Salt Lake City, Utah, the company has evolved from a regional operator into one of the largest publicly traded storage REITs in the United States. Extra Space Storage completed its initial public offering in 2004 and has consistently expanded its national footprint through strategic acquisitions, development projects and partnerships.
As of the most recent reporting period, Extra Space Storage owns and/or operates thousands of storage facilities across more than 40 states, the District of Columbia and Puerto Rico. The company’s portfolio spans urban, suburban and rural markets, with properties tailored to a diverse customer base that includes residential renters, small businesses and commercial clients. Facility sizes range from small neighborhood locations to large-scale complexes, offering a mix of traditional and climate-controlled storage units.
Extra Space Storage provides an extensive array of products and services designed to simplify the moving and storage experience. Unit options include climate-controlled spaces, drive-up access, vehicle and boat storage, and business-use suites. In addition, each facility stocks a selection of moving and packing supplies, offers tenant insurance coverage and enables online reservations and account management. The company leverages proprietary technology for revenue management, digital marketing and customer service to optimize occupancy and drive operational efficiency.
The company’s leadership team combines deep expertise in real estate, property management and finance. Extra Space Storage is led by President and Chief Executive Officer Joseph D. Margolis, who oversees corporate strategy, acquisitions and development initiatives. The board of directors and senior management bring decades of experience in commercial real estate investment, capital markets and corporate governance. With a focus on disciplined growth and customer satisfaction, Extra Space Storage continues to be a prominent player in the self storage industry.
