OverviewSuggest Edit

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.
TypePublic
Founded1977
HQSalt Lake City, US
Websiteextraspace.com
Employee Ratings4.3

Latest Updates

Employees (est.) (Dec 2018)3,624(+8%)
Job Openings447
Revenue (FY, 2018)$1.2 B(+9%)
Share Price (Mar 2019)$99.8

Key People/Management at Extra Space Storage

Joseph D. Margolis

Joseph D. Margolis

CEO
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
Samrat Sondhi

Samrat Sondhi

Executive Vice President and Chief Operations Officer
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Extra Space Storage Office Locations

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

Extra Space Storage Revenue

Extra Space Storage's revenue was reported to be $1.20 b in FY, 2018
USD

Revenue (FY, 2018)

1.2b

Net income (FY, 2018)

447.1m

EBIT (FY, 2018)

619.7m

Market capitalization (15-Mar-2019)

12.7b

Closing stock price (15-Mar-2019)

99.8

Cash (31-Dec-2018)

57.5m

EV

16.8b
Extra Space Storage's current market capitalization is $12.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

520.6m647.2m782.3m991.9m1.1b1.2b

Revenue growth, %

24%21%27%

Sales and marketing expense

26.6m

General and administrative expense

54.2m67.8m81.8m79.0m81.3m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

133.1m152.2m160.2m167.4m173.2m185.9m197.5m229.4m244.3m257.2m263.0m276.0m284.2m285.5m296.8m

Sales and marketing expense

6.9m6.7m7.0m7.3m

General and administrative expense

13.9m15.3m15.0m14.0m16.2m16.7m16.7m23.4m20.5m19.5m18.8m21.9m19.5m21.5m21.7m

Operating expense total

77.0m91.8m89.6m89.9m97.7m104.3m100.2m135.8m134.0m134.5m138.8m139.6m144.3m151.6m152.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

126.7m47.7m75.8m43.9m55.7m57.5m

Accounts Receivable

3.9m

Inventories

Total Assets

4.0b4.4b6.1b7.1b7.5b7.8b
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

81.7m47.0m53.9m49.2m45.3m175.9m1.1b49.8m41.1m18.7m29.3m31.6m63.7m35.5m49.2m

Total Assets

3.5b4.1b4.2b4.2b4.5b4.8b6.0b6.3b6.5b6.7b7.0b7.0b7.1b7.5b7.7b

Accounts Payable

58.2m52.9m65.5m73.5m71.6m69.4m76.3m77.1m91.2m102.5m77.1m92.7m114.2m108.9m107.3m

Short-term debt

1.4b1.7b1.8b1.8b2.0b1.9b2.5b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

185.6m195.9m209.5m397.1m514.2m447.1m

Depreciation and Amortization

95.2m115.1m133.5m182.6m193.3m209.1m

Inventories

Accounts Payable

8.3m4.9m108.0k10.1m(10.5m)2.7m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

103.4m41.2m46.0m146.4m58.6m119.6m197.8m89.4m179.4m306.7m89.7m284.9m95.4m198.1m

Depreciation and Amortization

69.2m28.4m28.3m85.9m30.4m62.0m92.7m42.9m86.8m133.4m49.4m144.1m51.7m103.6m

Accounts Payable

5.9m(7.7m)65.5m12.9m71.6m3.9m10.8m(5.6m)(402.0k)10.9m(30.1m)6.4m10.4m7.9m

Cash From Operating Activities

198.6m64.6m256.6m183.3m286.3m95.5m239.7m386.2m113.1m449.6m171.6m339.7m
USDY, 2018

EV/EBIT

27.1 x

EV/CFO

24.8 x

Revenue/Employee

341.7k
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Extra Space Storage Online and Social Media Presence

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Extra Space Storage News and Updates

Extra Space Storage Inc. to Present at Citi 2019 Global Property CEO Conference

SALT LAKE CITY, Feb. 28, 2019 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's Chief Executive Officer, Joe Margolis, is scheduled to participate in a roundtable presentation at the Citi 2019 Global Property CEO Conference in...

Extra Space Storage Inc. Announces Tax Reporting Information for 2018 Distributions

SALT LAKE CITY, Feb. 1, 2019 /PRNewswire/ -- Extra Space Storage Inc. (NYSE:EXR) (the "Company") announced today the tax allocations of the Company's 2018 dividend distributions on its common stock. The allocations, as they will be reported on Form 1099-DIV, are as follows for common...

Extra Space Storage Inc. to Host and Webcast 2019 Investor Day

SALT LAKE CITY, Jan. 22, 2019 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's Chief Executive Officer, Joe Margolis, and other members of the Company's management team are scheduled to make presentations at the Company's 2019...

Extra Space Storage Inc. Increases its Senior Unsecured Credit Facility to $1.35 Billion

SALT LAKE CITY, Dec. 10, 2018 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company successfully amended and restated its senior unsecured credit facility, upsizing the total capacity by $200.0 million to a total of $1.35 billion. The credit ...

Extra Space Storage Inc. Announces 4th Quarter 2018 Dividend

SALT LAKE CITY, Nov. 13, 2018 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a quarterly dividend of $0.86 per share on the common stock of the Company for the fourth quarter 2018. The dividend is...

Extra Space Storage Inc. Reports 2018 Third Quarter Results

SALT LAKE CITY, Oct. 30, 2018 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, announced operating results for the three and nine months ended September 30, 2018. ...
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Extra Space Storage Frequently Asked Questions

  • When was Extra Space Storage founded?

    Extra Space Storage was founded in 1977.

  • Who are Extra Space Storage key executives?

    Extra Space Storage's key executives are Joseph D. Margolis, Scott Stubbs and Gwyn McNeal.

  • How many employees does Extra Space Storage have?

    Extra Space Storage has 3,624 employees.

  • What is Extra Space Storage revenue?

    Latest Extra Space Storage annual revenue is $1.2 b.

  • What is Extra Space Storage revenue per employee?

    Latest Extra Space Storage revenue per employee is $330.2 k.

  • Who are Extra Space Storage competitors?

    Competitors of Extra Space Storage include Life Storage, Tuff Shed and Self Storage Group.

  • Where is Extra Space Storage headquarters?

    Extra Space Storage headquarters is located at 50 N West Temple, Salt Lake City.

  • Where are Extra Space Storage offices?

    Extra Space Storage has an office in Salt Lake City.

  • How many offices does Extra Space Storage have?

    Extra Space Storage has 1 office.