Extra Space Storage Inc.
Close on Oct 19, 2026
- Market cap
- $30.45B
- P/E (TTM)
- 30.5
- Dividend yield
- 4.69%
About Extra Space Storage
Real Estate Investment Trusts, SIC 6798
Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust that primarily rents self-storage space. The company operates across two principal reporting segments: self-storage operations, which encompasses the rental operations of wholly-owned properties, and tenant reinsurance, which covers stored property loss risks for occupants. Storage units are leased on a flexible month-to-month schedule to residential customers undergoing life transitions and to commercial clients seeking storage for merchandise and records. Beyond leasing, the business provides property management services, bridge lending, and capital financing to third-party facility owners.
Headquartered in Salt Lake City, Utah, the firm maintains extensive operations across the United States. Its total operational footprint includes 4,281 owned or operated self-storage stores spanning 43 states and Washington, D.C. Together, these properties encompass approximately 2.9 million individual rental units and roughly 330.4 million square feet of net rentable space. In addition to wholly-owned locations, the company manages 1,856 stores on behalf of third-party property owners.
Summary of the business section of Extra Space Storage's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Extra Space Storage Inc.
- Founded
- 1977
- Headquarters
- Salt Lake City, UT
- Address
- 2795 Cottonwood Parkway, Suite 400 84121
- Phone
- (801) 562-5556
- Website
- extraspace.com
- Employees
- 8,393, Dec 31, 2025
- Industry
- Real Estate Investment Trusts
- Incorporated in
- Maryland
- Fiscal year ends
- December 31
- Auditor
- Ernst& Young LLP, Salt Lake City, Utah
Stock & identifiers
- Ticker
- EXR
- Exchange
- NYSE
- IPO date
- Aug 12, 2004
- Shares outstanding
- 211M, Jul 24, 2026
- Public float
- $30.99B, Jun 30, 2025
- Filer category
- Large accelerated filer
- SEC CIK
- 1289490
- CUSIP
- 30225T102
- ISIN
- US30225T1025
- LEI
- 529900SDJHKRQWED6A16
- EIN
- 20-1076777
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Joseph D. Margolis | Chief Executive Officer, Director | 213,785 |
| William N. Springer | President | 27,794 |
| Jeffrey Jay Norman | Executive VP and CFO | 15,818 |
| Zachary T. Dickens | EVP, Chief Investment Officer | 33,712 |
| Gwyn Goodson McNeal | EVP/Chief Legal Officer | 37,374 |
| Grace Kunde | CAO | 14,646 |
| Samrat Sondhi | Executive VP and CDO | 110,471 |
| Matthew T. Herrington | EVP & COO | 24,402 |
| P. Scott Stubbs | Executive VP and CFO | 165,383 |
| Gary L. Crittenden | Director | 8,514 |
| Kenneth M. Woolley | Director | 705,232 |
| Ploeg Julia Vander | Director | 7,597 |
| Joseph Saffire | Director | 46,527 |
| Raymond J. Pittman | Director | 1,407 |
| Mark G. Barberio | Director | 25,346 |
| Joseph J. Bonner | Director | 7,339 |
| Sue Harnett | Director | 7,016 |
| Crystal Call Maggelet | Director | 1,407 |
| Spencer Kirk | Director | 874,197 |
| Diane Olmstead | Director | 7,252 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Joseph D. Margolis | $14.19M | $6.25M | $3.67M | $136 | $138 |
| FY2024 Joseph D. Margolis | $12.69M | $8.08M | $3.82M | $149 | $134 |
| FY2023 Joseph D. Margolis | $12.28M | $13.30M | $3.62M | $154 | $123 |
| FY2022 Joseph D. Margolis | $11.63M | $821.73K | $2.95M | $135 | $108 |
| FY2021 Joseph D. Margolis | $7.32M | $30.32M | $1.82M | $201 | $143 |
| FY2020 Joseph D. Margolis | $6.78M | $11.47M | $1.69M | $114 | $92 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2025, we had 8,393 employees and believe our relationship with our employees is good.”
Corporate history
Events identified from SEC filings