EXR 📈 Extra Space Storage - Overview

Extra Space Storage Inc., a prominent player in the real estate investment trust (REIT) sector, is headquartered in Salt Lake City, Utah, and boasts a significant presence as a self-administered and self-managed entity, further solidified by its membership in the S&P 500. This distinction underscores the company's financial stability and market influence. As of December 31, 2023, the company's extensive portfolio encompasses 3,714 self-storage facilities spread across 42 states and Washington, D.C., thereby establishing a robust national footprint.

The company's operational scale is substantial, with its stores collectively comprising approximately 2.6 million units and about 283.0 million square feet of rentable space. This vast storage capacity is managed under several brands, including Extra Space, Life Storage, and Storage Express, each catering to a range of customer needs. The diversity of storage solutions offered by Extra Space Storage Inc. is noteworthy, as it includes specialized options such as boat storage, RV storage, and business storage, in addition to standard self-storage units. This strategic approach allows the company to tap into various market segments, enhancing its revenue streams and competitiveness.

As the largest operator of self-storage properties in the United States, Extra Space Storage Inc. holds a significant market position, with a web presence at https://www.extraspace.com and an ISIN of US30225T1025. The company's common stock is classified under the GICS Sub Industry of Self-Storage REITs, reflecting its specialized focus within the broader real estate sector. This specialization enables the company to leverage its expertise and scale to deliver value to both its customers and investors, navigating the complexities of the self-storage market with precision.