What is Extra Space Storage?
Self-storage REIT with largest U.S. self-storage operator with 4,000+ stores and 2.4M customers.
- Category
- Self-storage REIT
- Headquarters
- Salt Lake City, UT
- Founded
- 1977
- Employees
- 8,000+
- Total funding
- Public company; NYSE: EXR; no VC funding profile
- Status
- NYSE: EXR; public company
What is Extra Space Storage?
Extra Space Storage is a public self-storage reit headquartered in Salt Lake City, UT. Its current public-company scale signal is largest U.S. self-storage operator with 4,000+ stores and 2.4M customers.
Extra Space Storage is a public self-storage reit headquartered in Salt Lake City, UT. The company operates owned stores, joint ventures, third-party managed stores, bridge loans, tenant insurance, and storage operations, and its latest public reporting shows largest U.S. self-storage operator with 4,000+ stores and 2.4M customers. That makes it an enterprise-scale real estate account rather than a single-property operator.
The business serves tenants, residents, operators, carriers, consumers, or homebuyers through a mix of physical assets, digital leasing or sales channels, local operating teams, and centralized finance and technology functions. Its market position is shaped by asset quality, cost of capital, operating execution, tenant or customer retention, and disciplined capital allocation.
For B2B sellers, Extra Space Storage should be mapped by business unit and asset workflow. The strongest opportunities attach to measurable outcomes: leasing velocity, occupancy, retention, construction cycle time, procurement savings, risk reduction, uptime, resident or customer experience, data quality, and compliance.
What does Extra Space Storage offer?
Extra Space Storage offers Self-storage rentals, Climate-controlled units, Third-party management, Tenant insurance, Bridge lending and related real estate services.
- Self-storage rentals· Offering
- Climate-controlled units· Offering
- Third-party management· Offering
- Tenant insurance· Offering
- Bridge lending· Offering
- Customer app and digital leasing· Offering
- Business storage· Offering
- Moving supplies· Offering
How does Extra Space Storage make money?
Extra Space Storage makes money through monthly storage rent, ancillary tenant insurance, management fees, joint ventures, bridge lending, and dynamic pricing across owned and managed facilities.
Extra Space Storage makes money through monthly storage rent, ancillary tenant insurance, management fees, joint ventures, bridge lending, and dynamic pricing across owned and managed facilities. unit prices vary by market, facility, size, climate control, demand, and move-in terms; economics are same-store revenue, occupancy, NOI, FFO, and managed-store growth. Because it is a public company, the most reliable unit-economic signals are revenue, NOI or gross margin, occupancy or closings, FFO/AFFO where relevant, backlog, leasing spreads, and capital allocation disclosures.
Growth is driven by pricing, volume, retention, development or acquisition spreads, cost of capital, operating efficiency, and the company's ability to deploy capital into assets or communities with durable demand. In a higher-rate environment, management quality and balance-sheet discipline matter as much as headline revenue growth.
For vendors, budget is usually unlocked when a product improves a metric the company already reports to investors: faster leasing, better resident or tenant experience, lower maintenance cost, more efficient construction, safer field operations, stronger cybersecurity, cleaner data, or better capital planning.
Who leads Extra Space Storage?
Extra Space Storage is led by Joseph D. Margolis, Chief Executive Officer, with finance, operations, investment, and technology leaders shaping major buying decisions.
- Joseph D. MargolisChief Executive OfficerCEO since 2017Leads self-storage strategy, technology-driven operations, and capital allocation.
- Noah SpringerPresidentPresident since January 2026Leads operations and growth execution.
- Scott StubbsExecutive Vice President and Chief Financial OfficerCFOOwns finance, accounting, and investor communication.
- Samrat SondhiChief Marketing OfficerSenior executive teamLeads digital growth, pricing, and customer acquisition signals.
How do you contact Extra Space Storage's leadership?
Extra Space Storage publishes official investor, media, customer, or corporate contact routes, but the reviewed sources do not establish personal executive email addresses as the official way to reach leaders. Use the public company route here and treat any inferred personal address as unverified unless the company publishes it.
Personal executive email format not verified; use https://ir.extraspace.com/financials/annual-reports/default.aspx- Joseph D. MargolisChief Executive Officerhttps://ir.extraspace.com/financials/annual-reports/default.aspx
- Scott StubbsExecutive Vice President and Chief Financial Officerhttps://ir.extraspace.com/financials/annual-reports/default.aspx
- Investor relationsPublic-company investor contacthttps://ir.extraspace.com/financials/annual-reports/default.aspx
How much funding has Extra Space Storage raised?
Extra Space Storage is a public company (NYSE: EXR) and is not best described by venture funding raised.
Extra Space Storage is a mature public company, not a venture-backed startup with seed, Series A, or late-stage private financing rounds. Its relevant capital profile is public equity, unsecured debt or mortgage debt, operating cash flow, asset sales, acquisitions, dividends, and share repurchases rather than VC funding.
The major capital milestones are: 1977 Founded (Extra Space predecessor operations begin.); 2004 IPO (The company lists as a public self-storage REIT.); 2016-2022 Management platform growth (Third-party management becomes a major scale advantage.); 2023 Life Storage merger (Extra Space combines with Life Storage, materially expanding stores.); 2025 4,000-store platform (The company highlights technology-driven growth and portfolio scale.); 2026 Noah Springer named President (Leadership responsibilities expand for the next operating phase.). As of June 2026, the most useful buyer signal is not a private valuation but 2025 results delivered positive FFO per share growth and sector-leading occupancy, NYSE: EXR, and the scale of its asset base and capital program.
For sellers, that means buying capacity exists but is governed by mature procurement, IT, legal, compliance, finance, and asset-level operating review. The winning case ties directly to revenue, occupancy, leasing, closings, maintenance, risk, uptime, data, or operating-cost metrics.
How did Extra Space Storage get here?
Extra Space Storage scaled through public-market capital, portfolio operations, and disciplined real estate or homebuilding execution.
- 1977Company rootsStorage operating roots begin.
- 2004Public listingExtra Space becomes a listed REIT.
- 2010sThird-party management scalesManaged stores become a major growth channel.
- 2023Life Storage mergerThe company becomes the largest U.S. storage operator by store count.
- 2025Technology-driven operationsManagement highlights pricing, digital leasing, and management platform strength.
- 2026President appointedNoah Springer becomes President.
Who are Extra Space Storage's competitors?
Extra Space Storage competes with public and private operators that target the same property type, customer base, capital sources, and operating talent.
Extra Space Storage — frequently asked questions
