Extra Space Storage® Inc. (NYSE: EXR) is a real estate investment trust based in Salt Lake City, Utah with regional offices in California, Connecticut, Florida, Maryland, Massachusetts, New Jersey, New York and Texas. Extra Space Storage is the second largest operator of self storage in the U.S., and is a national owner, developer, acquirer and operator of professionally managed self-storage properties. Extra Space Storage is a thirty year old company that has been involved in the self-storage industry since its inception. Extra Space Storage's mission is sustainable growth, based around six basic company goals: Maximize customer satisfaction Provide an excellent product and service Develop and maintain mutually beneficial business relationships Increase shareholder value Grow the business Make Extra Space Storage a great place to work Extra Space Storage is a growth-oriented company creating a new standard in the self-storage industry. Both customers and communities benefit from Extra Space Storage's professional approach to storage. Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT. As of September 30, 2014, the Company owned and/or operated 1,150 self-storage properties in 35 states, Washington, D.C. and Puerto Rico. The Company’s properties comprise approximately 750,000 units and approximately 80.0 million square feet of rentable space. The Company offers customers a wide selection of conveniently located and secure storage solutions across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage properties in the United States and is the largest self-storage management company in the United States.
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Type
Public
HQ
Salt Lake City, US
Founded
1977
Size (employees)
3,287 (est)
Extra Space Storage was founded in 1977 and is headquartered in Salt Lake City, US
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Key People/Management at Extra Space Storage

Joseph Margolis

Joseph Margolis

Chief Executive Officer
Scott Stubbs

Scott Stubbs

Executive VP & Chief Financial Officer
Gwyn McNeal

Gwyn McNeal

Executive Vice President and Chief Legal Officer
James Overturf

James Overturf

Executive Vice President and Chief Marketing Officer

Extra Space Storage Office Locations

Extra Space Storage has an office in Salt Lake City
Salt Lake City, US (HQ)
50 N Temple
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Extra Space Storage Financials and Metrics

Extra Space Storage Financials

Extra Space Storage's revenue was reported to be $1.11 b in FY, 2017
USD

Revenue (FY, 2017)

1.1 b

Net income (FY, 2017)

514.2 m

Market capitalization (18-Apr-2018)

12 b

Cash (31-Dec-2017)

55.7 m

EV

15.7 b
Extra Space Storage's current market capitalization is $12 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

520.6 m647.2 m782.3 m991.9 m1.1 b

Revenue growth, %

24%21%27%

General and administrative expense

79 m

Operating expense total

563.4 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

133.1 m152.2 m160.2 m167.4 m173.2 m185.9 m197.5 m229.4 m244.3 m257.2 m263 m276 m

Sales and marketing expense

6.9 m6.7 m7 m7.3 m

General and administrative expense

13.9 m15.3 m15 m14 m16.2 m16.7 m16.7 m23.4 m20.5 m19.5 m18.8 m21.9 m

Operating expense total

77 m91.8 m89.6 m89.9 m97.7 m104.3 m100.2 m135.8 m134 m134.5 m138.8 m139.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

126.7 m47.7 m75.8 m43.9 m55.7 m

Accounts Receivable

3.9 m

Inventories

Total Assets

4 b4.4 b6.1 b7.1 b7.5 b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

81.7 m47 m53.9 m49.2 m45.3 m175.9 m1.1 b49.8 m41.1 m18.7 m29.3 m31.6 m

Total Assets

3.5 b4.1 b4.2 b4.2 b4.5 b4.8 b6 b6.3 b6.5 b6.7 b7 b7 b

Accounts Payable

58.2 m52.9 m65.5 m73.5 m71.6 m69.4 m76.3 m77.1 m91.2 m102.5 m77.1 m92.7 m

Short-term debt

1.4 b1.7 b1.8 b1.8 b2 b1.9 b2.5 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

185.6 m195.9 m209.5 m397.1 m514.2 m

Depreciation and Amortization

95.2 m115.1 m133.5 m182.6 m193.3 m

Inventories

Accounts Payable

8.3 m4.9 m108 k10.1 m(10.5 m)
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

32.4 m41.2 m46 m59.2 m58.6 m61 m78.2 m89.4 m90 m127.2 m89.7 m

Depreciation and Amortization

23.4 m28.4 m28.3 m29.2 m30.4 m31.6 m30.7 m42.9 m44 m46.6 m49.4 m

Accounts Payable

65.5 m73.5 m71.6 m69.4 m76.3 m77.1 m91.2 m102.5 m77.1 m
USDY, 2017

EV/CFO

26.3 x

Revenue/Employee

336.2 k
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