- Extra Space Storage Inc. is the second-largest self-storage REIT in the U.S., operating over 4,200 properties and is a member of the S&P 500 index, headquartered in Salt Lake City, Utah.
- In 2025, the company reported a core FFO of $2.08 per share and acquired 27 operating stores for $304.8 million, while also promoting Noah Springer to President on January 5, 2026.
- The company manages 2,263 stores, including 1,856 for third parties, indicating strong partnerships in the self-storage sector.
- Extra Space Storage's ideal buyers are individuals and businesses needing flexible storage solutions, particularly as they navigate fluctuating occupancy rates and market conditions, making their services increasingly relevant in a changing economic landscape.
Extra Space Storage employs a diverse workforce across 19 departments, with the Executive department being the largest at 1,320 employees. Operations follows with 303 employees, indicating a strong focus on service delivery and management. Community and Social Services also plays a significant role with 177 employees, reflecting the company's commitment to community engagement. This balanced departmental structure supports both operational efficiency and strategic oversight.
The company operates 531 locations, with a notable concentration in Salt Lake City, UT, housing 331 employees. Other significant locations include Miami, FL, with 30 employees, and Philadelphia, PA, with 20 employees. The 'Other' category accounts for a substantial 1,138 employees, indicating a distributed workforce across various regions. This geographic distribution highlights the company's extensive reach while maintaining a strong presence in its headquarters.
