Extra Space Storage Inc - Company Profile
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Extra Space Storage Inc (ESS) is a self-managed and self-administered real estate investment trust. The company owns, operates, manages, acquires, develops and redevelops self-storage facilities. ESS storage facilities provide spaces for lease, generally on a month-to-month basis, for business and personal use. The company’s activities include rental operations of stores, reinsurance of risks, and managing, acquiring, developing and selling stores. It has an operational presence across Colorado, Connecticut, California, Delaware, Hawaii, Kansas, Florida, Georgia, Kentucky, Louisiana, Maryland and several other states in the US. ESS is headquartered in Salt Lake City, Utah, the US.
Headquarters
United States of America
Address
2795 Cottonwood Parkway, Suite 400, Salt Lake City, Utah, 84121
Website
www.extraspace.com
Telephone
1 801 5625556
No of Employees
7,618
Industry
Construction
Ticker Symbol & Exchange
EXR (NYSE)
Revenue (2022)
$2.6B
33.1%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-6.7%
(2022 vs 2021)
Market Cap*
$28.8B
Net Profit Margin (2022)
XYZ
-29.9%
(2022 vs 2021)
* As of and is in US$
Extra Space Storage Inc premium industry data and analytics
Products and Services
| Services |
|---|
| Self-Storage Facilities Operation |
| Tenant Reinsurance Services |
| Rental Services |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Acquisitions/Mergers/Takeovers | In July, the company announced its merger with Life Storage, Inc. |
| 2023 | Stock Listings/IPO | In June, the company's operating partnership, Extra Space Storage LP priced a public offering of US$450 million aggregate principal amount of 5.500% senior notes. |
| 2023 | Plans/Strategy | In April, the company agreed to acquire Life Storage for US$12.4 billion. |
Competitor Comparison
| Key Parameters | Extra Space Storage Inc | Public Storage | CubeSmart | National Storage Affiliates Trust | Smartstop Self Storage Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Salt Lake City | Glendale | Malvern | Greenwood Village | - |
| State/Province | Utah | California | Pennsylvania | Colorado | - |
| No. of Employees | 7,618 | 5,380 | 3,040 | 1,108 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kenneth M Woolley | Chairman | Executive Board | 2018 | 76 |
| Joseph D Margolis | Director; Chief Executive Officer | Executive Board | 2017 | 62 |
| Scott Stubbs | Executive Vice President; Chief Financial Officer | Senior Management | 2011 | 55 |
| Noah Springer | Chief Strategy Officer; Executive Vice President; Chief Partnership Officer | Senior Management | 2020 | 44 |
| Samrat Sondhi | Executive Vice President; Chief Marketing Officer | Senior Management | 2020 | 48 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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