Extra Space Storage
An American real estate investment trust focused on self-storage facilities and storage-property management.
Last updated August 21, 2026
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Overview
Extra Space Storage is an American self-storage company organized as a real estate investment trust and headquartered in Salt Lake City, Utah. Its business centers on owning, operating, and managing self-storage properties for households, individuals, and businesses. The company provides rented storage space in multiple formats, including conventional storage units, climate-controlled units, drive-up units, lockers, boat storage, recreational-vehicle storage, and business-oriented storage. These offerings allow customers to store household possessions, vehicles, inventory, equipment, and other goods for periods that can range from short-term use to longer-term occupancy. The company has expanded its platform through a combination of property development, facility operations, third-party management, and acquisitions. Its operating portfolio includes properties under the Extra Space Storage brand as well as facilities associated with Life Storage and Storage Express. This multi-brand platform gives the company exposure to different property formats and local markets while allowing it to provide management services for storage facilities that it does not necessarily own outright. Extra Space Storage operates throughout the United States. According to the cited company reference material, as of April 29, 2025, it owned and/or operated 3,714 locations in 43 states and Washington, D.C. Those properties represented approximately 2.6 million storage units and 283.4 million square feet of net rentable space. The same reference describes Extra Space Storage as the largest owner of self-storage units in the United States and the largest self-storage property manager. Its competitive proposition is based on broad geographic coverage, a large and diversified property base, multiple unit types, and centralized management capabilities. Customers can select storage by size, access configuration, environmental controls, or specialized use case. The company also emphasizes sustainability in its property portfolio. It has received NAREIT's Leader in the Light Award for sustainability performance in 2020, 2021, and 2023, and has installed solar systems at many of its properties. The Solar Energy Industries Association has included the company among the top corporate users ranked by number of solar installations. Extra Space Storage is listed on the New York Stock Exchange under the ticker EXR. Its activities combine real-estate ownership with recurring rental income and property-management services. Because the available reference material provides limited detail about individual founders, historical leadership, financial performance, or specific advertising campaigns, those areas are left unexpanded rather than supplemented with unverified claims.
History
Extra Space Storage developed as an American self-storage enterprise and later operated as a real estate investment trust focused on storage properties. Its business model combines direct ownership of facilities with operational management, enabling the company to earn rental income from its own assets while also managing properties across a broader platform. The company is headquartered in Salt Lake City, Utah, and has built a nationwide operating presence rather than limiting itself to a single regional market. The core service is the rental of storage space to individual and commercial customers. Over time, the platform has supported a range of storage needs, from ordinary household units to climate-controlled rooms, drive-up units, lockers, and specialized vehicle storage for boats and recreational vehicles. Business storage extends the customer base beyond residential users by providing space for inventory, equipment, records, and other operational materials. Extra Space Storage's expansion has also involved a multi-brand operating structure. In addition to properties carrying the Extra Space Storage name, the company operates facilities associated with Life Storage and Storage Express. This portfolio approach broadens its geographic reach and provides access to different facility designs, customer segments, and local markets. The company is described in the cited reference as both the largest owner of self-storage units in the United States and the country's largest self-storage property manager. As of April 29, 2025, the company owned and/or operated 3,714 locations across 43 states and Washington, D.C. The reported network comprised approximately 2.6 million units and 283.4 million square feet of net rentable space. These figures describe a large national platform built around recurring storage rentals and centralized property operations. Sustainability has become a visible part of the company's property-management activities. Extra Space Storage has installed solar systems at many of its facilities and was recognized by NAREIT with the Leader in the Light Award in 2020, 2021, and 2023. It was also included by the Solar Energy Industries Association in a ranking of major corporate users measured by the number of solar installations. The available reference material does not provide sufficient verified detail about the company's founders, chief executives, acquisition chronology, financial results, advertising history, or controversies. Accordingly, this entry records the documented business scope, operating footprint, brands, and sustainability recognition without assigning unsupported names, dates, or financial figures.
- 2025
Reported national operating scale
[1]As of April 29, 2025, the company was reported to own and/or operate 3,714 locations in 43 states and Washington, D.C., representing approximately 2.6 million units and 283.4 million square feet of net rentable space.
- 2023
Further sustainability recognition
[1]The company received NAREIT's Leader in the Light Award for a third cited year.
- 2021
Repeat sustainability recognition
[1]Extra Space Storage again received NAREIT's Leader in the Light Award.
- 2020
Leader in the Light recognition
[1]The company received NAREIT's Leader in the Light Award for sustainability performance.
- 1977
Company origin
[1]Extra Space Storage is identified as having been founded in 1977.
Products and positioning
A large-scale, multi-brand American self-storage owner and property manager offering flexible storage formats and nationwide coverage.
Self-storage
Self-storage units
The company's primary offering is rented self-storage space for household and commercial customers. Units are available in different sizes and facility configurations, supporting temporary moves, decluttering, inventory storage, equipment storage, and longer-term personal or business use.
Specialized self-storage
Climate-controlled storage
Climate-controlled units are designed for customers seeking storage environments with greater protection from temperature and humidity variation than conventional units. They are used for possessions or business materials for which environmental conditions may be a consideration.
Self-storage
Drive-up storage
Drive-up units provide vehicle access directly to or near the storage space. This format is intended to make loading and unloading furniture, equipment, supplies, and other bulky goods more convenient.
Vehicle storage
Boat and RV storage
The platform includes specialized storage for boats and recreational vehicles. These facilities address customers who need off-site space for large personal vehicles that may not fit at a residence or may be subject to local parking restrictions.
Commercial storage
Business storage
Business storage serves companies and organizations needing additional space for inventory, documents, equipment, supplies, or operational materials. It extends the platform beyond household storage and supports flexible capacity needs.
Property management
Self-storage property management
Extra Space Storage manages self-storage properties as well as owning facilities. Property management services broaden its operating platform and allow the company to apply centralized systems and expertise across a larger network of storage assets.
Brand decisions
- Multi-brand self-storage platformStrategy
Background
The company operates properties under the Extra Space Storage, Life Storage, and Storage Express brands, alongside its ownership and management activities.
Action taken
Extra Space Storage uses a multi-brand operating model covering self-storage ownership, facility operations, and property management.
Aftermath
The cited reference describes the resulting platform as the largest U.S. owner of self-storage units and the largest self-storage property manager.
Recent events
Extra Space prices $450 million senior notes offering[3]
Reported:
Extra Space Storage announced that its operating partnership had priced a public offering of $450 million in 2.550% senior notes due 2031.
Extra Space Storage prices a 1.6 million-share public offering[4]
Reported:
Extra Space Storage announced the pricing of an underwritten public offering of 1,600,000 shares of common stock, expected to generate approximately $207.7 million in gross proceeds before expenses. The offering was expected to close on or about 23 March 2021, subject to customary closing conditions.
Extra Space Storage withdraws 2020 estimates and assumptions[5]
Reported:
Extra Space Storage said it was withdrawing its previously provided FFO estimates and annual assumptions for the year ending December 31, 2020 due to the impact of COVID-19.
Sources6 sources
- 1Extra Space Storageen.wikipedia.org
- 2Extra Space Storage official websiteextraspace.com
- 3Extra Space为4.5亿美元优先票据发行定价prnewswire.com
- 4Extra Space Storage 为 160 万股公开发行定价prnewswire.com
- 5Extra Space Storage 撤回 2020 年估算和假设finanznachrichten.de
- 6Extra Space Announces Pricing of $600 Million of 2.350% Senior Notes due 2032prnewswire.com
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