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)
Salt Lake City, US
Size (employees)
3,287 (est)+3%
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 Metrics

Extra Space Storage Financial Metrics

Revenue (2016)

$991.9 m

Revenue growth (2015-16), %


Net income (2016)

$397.1 m

Market capitalization (21-Mar-2017)

$9.4 b

Closing share price (21-Mar-2017)


Cash (31-Dec-2016)

$43.9 m
Extra Space Storage's current market capitalization is $9.4 b.
Extra Space Storage's revenue was reported to be $991.9 m in 2016
FY, 2013FY, 2014FY, 2015Y, 2016


$520.6 m$647.2 m$782.3 m$991.9 m

Revenue growth, %


Gross profit

$380.6 m$474.7 m$578.3 m

Gross profit Margin, %


Operating expense total

$167.1 m$196.3 m$283.6 m$542 m


$213.5 m$278.5 m$294.7 m$449.8 m

EBIT margin, %


Interest expense

$71.6 m$81.3 m$95.7 m$133.5 m

Interest income

$749 k$1.6 m$3.5 m$6.1 m

Income tax expense

($10 m)($7.6 m)($11.1 m)($15.8 m)

Net Income

$185.6 m$195.9 m$209.5 m$397.1 m
FY, 2013FY, 2014FY, 2015FY, 2016


$126.7 m$47.7 m$75.8 m$43.9 m

Accounts Receivable


Total Assets

$4 b$4.4 b$6.1 b$7.1 b

Accounts Payable

$60.6 m$65.5 m$82.7 m$101.4 m

Total Debt

$3.2 b$3.7 b

Additional Paid-in Capital

$2 b$2 b$2.4 b$2.6 b

Retained Earnings

($226 m)($257.7 m)($337.6 m)($339.3 m)

Debt to Assets Ratio

0.8 x0.9 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$185.6 m$195.9 m$209.5 m$397.1 m

Depreciation and Amortization

$95.2 m$115.1 m$133.5 m$182.6 m

Accounts Receivable


Accounts Payable

$8.3 m$4.9 m$108 k$10.1 m

Cash From Operating Activities

$271.3 m$337.6 m$367.3 m$539.3 m

Cash From Investing Activities

($367 m)($564.9 m)($1.6 b)($1 b)

Interest Paid

$65.5 m$75.2 m$89.5 m$122.3 m

Income Taxes Paid

$1.9 m$3.4 m$1.8 m$14.9 m

Extra Space Storage Market Value History

Extra Space Storage Online Presence

Extra Space Storage News

Extra Space Storage Company Life

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