Extra Space Storage EXR · USD
Real Estate · Equity Real Estate Investment Trusts (REITs) · US listing · 🇺🇸 United States
S&P 500
160.16
+0.61%
Close of 9 Nov 2026, in USD
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About Extra Space Storage
From its filings with the US Securities and Exchange Commission
Extra Space Storage is based in Salt Lake City, Utah and is incorporated in Maryland. Its shares trade on NYSE under the ticker EXR. It is a member of the S&P 500. The SEC classifies its business as real estate investment trusts. In the fiscal year to 31 December 2025, it reported revenue of $3.38bn and net income of $974.0m. At that date it held total assets of $29.26bn and shareholders' equity of $13.43bn.
We were formed to continue the business of Extra Space Storage LLC and its subsidiaries, which had engaged in the self-storage business since 1977. These companies were reorganized after the consummation of our IPO and various formation transactions. Our executive management team and board of directors have extensive experience and ownership positions in the Company.
Substantially all of our business is conducted through Extra Space Storage LP (the “Operating Partnership”). Our primary assets are general partner and limited partner interests in the Operating Partnership. This structure is commonly referred to as an umbrella partnership REIT, or UPREIT. We have elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). To the extent we continue to qualify as a REIT, we will not be subject to U.S. federal tax, with certain exceptions, on our REIT taxable income that is distributed to our stockholders.
Our principal offices are located at 2795 East Cottonwood Parkway, Suite 300, Salt Lake City, Utah 84121, telephone number (801) 365-4600.
Quoted from its 10-K, filed 20 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Real Estate
- Industry
- Equity Real Estate Investment Trusts (REITs)
- Listed since
- 12 Aug 2004
- Employees
- 8,393
- Website
- extraspace.com ↗
- Head office
- 2795 COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY, UT, 84121
- Incorporated in
- MD
- Classification
- Real Estate Investment Trusts
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Kenneth WoolleyIndependent Non-Executive Chairman of the Board, since 2018$548,584
- Mr. Noah SpringerPresident$3.8m
- Mr. Joseph MargolisChief Executive Officer, Director, since 2005$12.7m
- Mr. Jeffrey NormanExecutive Vice President, Chief Financial Officer
- Mr. Matthew HerringtonChief Operating Officer, Executive Vice President$1.0m
- Mr. Zachary DickensExecutive Vice President, Chief Investment Officer$3.6m
- Ms. Gwyn McnealExecutive Vice President, Chief Legal Officer$2.6m
- Mr. Samrat SondhiExecutive Vice President, Chief Digital Officer$3.7m
- Mr. Mark BarberioLead Independent Director$315,564
- Mr. Joseph BonnerIndependent Director$316,084
- Mr. Gary CrittendenIndependent Director$336,084
- Ms. Susan HarnettIndependent Director$289,314
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 74
- Environment
- 99
- Social
- 99
- Governance
- 23
- Direct emissions (scope 1)
- 28,364 t
- Energy emissions (scope 2)
- 116,811 t
- Women in the workforce
- 49%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Extra Space Storage Inc has several strengths that contribute to its ongoing success in the storage industry.
- Strong brand reputation: Extra Space Storage Inc is a well-known and respected brand in the market, which helps attract a large customer base and gain customer trust.
- Extensive network of locations: The company has a widespread presence with numerous storage facilities across the country, allowing it to serve customers in various regions effectively.
- Diverse range of storage options: Extra Space Storage Inc offers a wide selection of storage unit sizes and types, including climate-controlled units, ensuring it can cater to the unique needs of different customers.
Weaknesses
- Despite its success, Extra Space Storage Inc also faces some weaknesses that may pose challenges to its operations.
- Vulnerability to economic fluctuations: As a non-essential service, the demand for storage units may decline during economic downturns, impacting the company's revenue.
- Intense competition: The storage industry is highly competitive, with many players offering similar services. This can potentially put pressure on Extra Space Storage Inc's market share and pricing strategy.
- Dependence on real estate: The company relies heavily on real estate properties to establish storage facilities. Any challenges in securing suitable properties may affect its expansion plans.
Opportunities
- Despite the challenges, Extra Space Storage Inc also has various opportunities to grow and enhance its business.
- Growing demand for storage: The increasing trend of urbanization, downsizing, and e-commerce presents a growing demand for storage solutions. Extra Space Storage Inc can tap into these opportunities by expanding its service offerings.
- Technological advancements: The integration of technology, such as online booking systems, mobile apps, and smart security features, can improve efficiency and enhance the overall customer experience.
- Strategic partnerships: Collaborating with moving companies, home staging services, or other complementary businesses can create synergies and provide an additional revenue stream for Extra Space Storage Inc.
Threats
- Extra Space Storage Inc faces several external threats that could impact its performance and market position.
- Legal and regulatory changes: New laws or regulations related to land use, zoning, or environmental compliance can affect the company's ability to acquire or operate storage facilities.
- Disruption from alternative storage solutions: The emergence of peer-to-peer sharing platforms or alternative storage options, such as garage-sharing or on-demand storage, can pose a threat to the traditional storage industry.
- Economic downturns: During economic recessions or financial crises, consumer spending may decrease, leading to reduced demand for storage services.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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