Extra Space Storage
Extra Space Storage, Inc. is a fully integrated, self-administered real estate investment trust (REIT) that serves as the largest self-storage operator in the United States. The company focuses on maximizing long-term stockholder value through the ownership, operation, and management of a vast portfolio of storage properties across high-density population centers. Its core value proposition centers on leveraging advanced technology systems for dynamic pricing and digital marketing to optimize occupancy and rental rates.
Financials
Based on Q1 2026 filing
Revenue
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View metricBusiness Segments
Self-Storage Operations
primaryThis segment encompasses the rental operations of wholly-owned storage facilities. It involves the month-to-month leasing of storage units for personal or business use, supported by on-site management and advanced digital marketing platforms.
Personal Storage Units, Business Storage Units, Climate-Controlled Units
Residential Tenants, Small Business Owners, Commercial Enterprises
Tenant Reinsurance
moderateThis segment involves the reinsurance of risks associated with the loss of goods stored by tenants at the company's facilities. The company assumes the risk of loss under policies purchased by tenants from non-affiliated insurance providers.
Tenant Goods Reinsurance
Storage Facility Tenants
Segment Financials
Self-Storage Operations — Operating Expenses
View metricSelf-Storage Operations — Marketing
View metricSelf-Storage Operations — Office expense
View metricTenant Reinsurance — Revenue
View metricTenant Reinsurance — Operating Income (Loss)
View metricTenant Reinsurance — Segment Reporting, Other Segment Item, Amount
View metricBusiness Overview
Competitive Position
The company is the largest self-storage operator in the United States, utilizing significant scale and data sophistication to maintain high occupancy levels in a fragmented industry.
Geographies
United States
Customer Segments
B2C, B2B
Upstream Dependencies
Real Estate Developers, Construction Contractors, Capital Markets, Non-affiliated Insurance Companies
Downstream Customers
Individual Residential Tenants, Small Business Owners, Third-party Property Owners (Management Services), Self-storage Owners (Bridge Loan Borrowers)
Competitors & Partners
Competitors
Similar Companies
Subsidiaries
Extra Space Storage LP
The Operating Partnership through which substantially all business is conducted.
Extra Space Storage FAQ
Common questions about Extra Space Storage
Extra Space Storage, Inc. is a fully integrated, self-administered real estate investment trust (REIT) that serves as the largest self-storage operator in the United States. The company focuses on maximizing long-term stockholder value through the ownership, operation, and management of a vast portfolio of storage properties across high-density population centers. Its core value proposition centers on leveraging advanced technology systems for dynamic pricing and digital marketing to optimize occupancy and rental rates.
Extra Space Storage (EXR) has a market capitalization of $29.4B and trades on NYSE.
Extra Space Storage generated $3.4B in trailing twelve-month revenue with net income of $944.1M, representing a net margin of 27.7%. Gross margin stands at 72.7%. These figures are based on the Q1 2026 filing.
Extra Space Storage's key competitors include Public Storage, CubeSmart, National Storage Affiliates, and others. These companies compete in similar markets and product categories.
Extra Space Storage has approximately 7,618 employees.