# Extra Space Storage

> Extra Space Storage is a Salt Lake City-based S&P 500 real estate investment trust that owns, operates and manages self-storage facilities across the United States. Its consumer business rents secure units for household, vehicle and business use, while its ManagementPlus platform, joint ventures, bridge loans and tenant reinsurance turn the company's pricing, marketing and operating expertise into additional revenue streams. As of June 30, 2026, it owned and/or operated 4,410 stores with about 3.0 million units and 341.0 million rentable square feet.

- **Founded:** 1977
- **Headquarters:** Salt Lake City, United States
- **Founders:** Kenneth M. Woolley (Founder and original CEO)
- **Team size:** More than 8,000 employees
- **Products:** Self-storage rentals, Business storage, Vehicle storage, Tenant reinsurance, ManagementPlus
- **Notable:** Became the largest U.S. self-storage operator by store count following the 2023 Life Storage merger., Owned and/or operated 4,410 stores across 42 states and Washington, D.C. as of June 30, 2026., Operated approximately 3.0 million units and 341.0 million square feet of rentable space as of June 30, 2026.

## Products & services

- **Self-storage rentals** — Month-to-month storage units for personal and household belongings, including climate-controlled and drive-up options where available.
- **Business storage** — Flexible space for inventory, equipment, documents and other business needs.
- **Vehicle storage** — Storage options for cars, boats and recreational vehicles at participating properties.
- **Tenant reinsurance** — A tenant protection program that adds an ancillary revenue stream alongside rentals.
- **ManagementPlus** — Third-party property management using Extra Space's brand, marketing, call centers, district managers, data analytics and revenue-management systems while owners retain their properties.
- **Bridge lending and capital partnerships** — Mortgage and mezzanine bridge loans, joint ventures, preferred equity and acquisition pathways for self-storage owners and developers.
- **Digital rental and support tools** — Online reservations and rentals, size guidance, account management and centralized phone support that connect customers to nearby units.

## Achievements

- Became the largest U.S. self-storage operator by store count following the 2023 Life Storage merger.
- Owned and/or operated 4,410 stores across 42 states and Washington, D.C. as of June 30, 2026.
- Operated approximately 3.0 million units and 341.0 million square feet of rentable space as of June 30, 2026.
- Joined the S&P 500 in January 2016.
- Surpassed 4,000 operating stores in 2024.
- Managed 1,964 stores for third parties and 409 stores in unconsolidated joint ventures as of June 30, 2026.
- Generated $3.378 billion of total revenue in 2025.
- Installed solar on 47% of REIT-owned properties by the end of 2025 and produced 68.6 GWh of solar energy that year.
- Reported seven consecutive years of greenhouse-gas emissions reductions in its like-for-like pool through 2025.

## Latest updates

- **2026-07** — Reported second-quarter revenue of $874.2 million, Core FFO of $2.15 per share, 2.4% same-store revenue growth, 3.5% same-store NOI growth and 94.2% ending same-store occupancy.
- **2026-07** — Priced $550 million of 4.900% senior notes due 2032, with proceeds intended for credit-line and commercial-paper repayment and general corporate purposes, including potential acquisitions.
- **2026-06** — Published its 2025 sustainability report, closing the 2018-2025 goal cycle and introducing a new framework running to 2030.
- **2026-05** — Added Crystal Call Maggelet and RJ Pittman to the board of directors.
- **2026-04** — Reported first-quarter revenue of $856.0 million, Core FFO of $2.04 per share, 1.7% same-store revenue growth and 93.0% ending same-store occupancy.
- **2026-01** — Promoted Noah Springer to president.
- **2025-12** — Ended 2025 with $3.378 billion in revenue and 2,263 stores managed for third parties and unconsolidated joint ventures.

## Links

- Website: https://www.extraspace.com/
- LinkedIn: https://www.linkedin.com/company/extraspace
- Twitter/X: https://x.com/extraspace
- Instagram: https://www.instagram.com/extraspace/
- Facebook: https://www.facebook.com/extraspace/

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Profile page: https://yespress.io/extra-space-storage
Published by YesPress — https://yespress.io
Last updated: 2026-08-11