Extra Space Storage

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.
Company Growth (employees)
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

Extra Space Storage Office Locations

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

Extra Space Storage Data and Metrics

Extra Space Storage Financial Metrics

Extra Space Storage's revenue was reported to be $263 m in Q1, 2017
USD

Revenue (Q1, 2017)

263 m

Net income (Q1, 2017)

89.7 m

EBIT (Q1, 2017)

124.2 m

Market capitalization (19-Sep-2017)

10.5 b

Cash (31-Mar-2017)

29.3 m
Extra Space Storage's current market capitalization is $10.5 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

520.6 m647.2 m782.3 m991.9 m

Revenue growth, %

24%21%27%

EBIT

213.5 m278.5 m294.7 m449.8 m

EBIT margin, %

41%43%38%45%
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

160.2 m167.4 m173.2 m185.9 m197.5 m229.4 m244.3 m257.2 m263 m

Sales and marketing expense

7 m7.3 m

General and administrative expense

15 m14 m16.2 m16.7 m16.7 m23.4 m20.5 m19.5 m18.8 m

Operating expense total

21.9 m21.3 m16.2 m16.7 m16.7 m23.4 m20.5 m19.5 m18.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

126.7 m47.7 m75.8 m43.9 m

Accounts Receivable

3.9 m

Total Assets

4 b4.4 b6.1 b7.1 b

Accounts Payable

60.6 m65.5 m82.7 m101.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

53.9 m49.2 m45.3 m175.9 m1.1 b49.8 m41.1 m18.7 m29.3 m

Total Assets

4.2 b4.2 b4.5 b4.8 b6 b6.3 b6.5 b6.7 b7 b

Accounts Payable

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

Short-term debt

1.8 b1.8 b2 b1.9 b2.5 b
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

185.6 m195.9 m209.5 m397.1 m

Depreciation and Amortization

95.2 m115.1 m133.5 m182.6 m

Accounts Payable

8.3 m4.9 m108 k10.1 m

Cash From Operating Activities

271.3 m337.6 m367.3 m539.3 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

46 m59.2 m58.6 m61 m78.2 m89.4 m90 m127.2 m89.7 m

Depreciation and Amortization

28.3 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

Revenue/Employee

80 k
Show all financial metrics

Extra Space Storage Market Value History

Traffic Overview of Extra Space Storage

Extra Space Storage Online and Social Media Presence

Extra Space Storage News and Updates

Atomico leads $64 million investment into Clutter’s storage service

Clutter, a storage service that helps you pack, move, and store your items, announced today that it has secured $64 million in funding led by Atomico. Sequoia Capital made a follow-on investment after leading Clutter’s series A and B rounds. Customers can either book Clutter movers online or via the…

Trove raises $8 million from Greylock Partners to help store your furniture (not data)

We keep hearing about online data storage on private, public, or hybrid clouds. But what about the physical things in our lives that we need to store? Trove is tackling this by providing a full storage service that handles everything from locating an affordable space to connecting customers with mov…

After 75 years, baseball in Bakersfield has struck out

The modern ballpark is tucked into an entertainment district, with shops and restaurants surrounding the stadium, and blindingly bright digital display signs wherever you look. The ballpark here is across Chester Avenue from Big Valley Mower, Extra Space Storage and AAA Tire. The large sign welc…

Julio Urias overcomes early struggles to help Dodgers defeat Cubs, 3-2

Three batters into Saturday’s game against the Chicago Cubs, the situation looked grim for Dodgers left-hander Julio Urias, who walked Dexter Fowler and gave up singles to Kris Bryant and Anthony Rizzo, the latter hit driving in a run. Six innings and 21 batters later, Urias walked off the Dodge…

Extra Space Storage Company Life and Culture

You may also be interested in