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Extra Space Storage
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Owns, operates, and manages self-storage properties
Extra Space Storage
Work Here?
Owns, operates, and manages self-storage properties
Overview
Extra Space Storage is a real estate investment trust that owns, operates, and develops self-storage facilities across the United States. It earns revenue by renting storage units to residential and commercial customers and by selling moving supplies and tenant insurance, with offerings including climate-controlled, drive-up, and vehicle storage. The company differentiates itself as the largest self-storage operator and through its Management Plus program, a third-party management platform that lets other owners operate under the Extra Space brand, plus a bridge loan program for partners. Its goal is to grow its national footprint and profitability by expanding ownership, management, and development of facilities, including large acquisitions like the Life Storage merger.
About Extra Space Storage
Industries
Real Estate
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Salt Lake City, Utah
Founded
1977
Your Connections
People at Extra Space Storage who can refer or advise you
Simplify's Take
What believers are saying
- Digital-first rentals and contact-free check-ins reduce operational costs and speed customer onboarding in 2026.
- Flexible leasing and rising business storage demand expand revenue beyond residential tenants in 2026.
- Dynamic pricing by demand and occupancy optimizes rates and protects margins amid pricing pressure.
What critics are saying
- Altman Z-Score of 1.49 signals 40–60% bankruptcy risk within 12–18 months due to financial distress.
- Same-store advertised rates fell 0.2% year-over-year in January 2026, eroding revenue growth with 35–50% probability in 6–12 months.
- New self-storage supply drops to 2.4% of total stock in 2026, limiting expansion and pricing power with 30–45% likelihood in 12–18 months.
What makes Extra Space Storage unique
- Largest self-storage operator in the U.S. with over 4,300 locations as of March 2026.
- Management Plus platform enables third-party facility owners to operate under the Extra Space brand for fee income.
- Owns, operates, and develops climate-controlled, vehicle, and business storage units across 42 states and D.C.
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Funding
Total Funding
$550M
Above
Industry Average
Funded Over
1 Rounds
Benefits
Paid Time Off
401(k) Company Match
401(k) Retirement Plan
Health Savings Account/Flexible Spending Account
Wellness Program
Stock Price
Company News
SALT LAKE CITY, Aug. 6, 2025 /PRNewswire/ -- Extra Space Storage Inc. , a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that...
/PRNewswire/ -- Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member...
/PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) a leading owner and operator of self-storage facilities in the United States and a member...
Extra Space Storage opens new facility in Shelton.
During the April-June quarter, Extra Space Storage acquired two operating stores and one store at the completion of construction for a total cost of $27.6 million.
Extra Space Storage is Hiring for 197 Jobs on Simplify!
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About Extra Space Storage
Industries
Real Estate
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
Salt Lake City, Utah
Founded
1977
Extra Space Storage is Hiring for 197 Jobs on Simplify!
Find jobs on Simplify and start your career today