Extra Space Storage Inc EXR

Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust (REIT) operating within the United States. The company primarily owns and operates self-storage stores. With its headquarters in Salt Lake City, Utah, Extra Space Storage was founded in 1977.

As the second largest operator of self-storage facilities in the United States in November 2021, Extra Space Storage operates through two segments: Self-storage Operations and Tenant Reinsurance. Through the company's Self-storage Operations segment, it handles the rental operations of its wholly owned stores. Extra Storage Space offers a wide range of storage solutions, including storage for boats, RVs, and businesses. The Tenant Reinsurance segment handles the reinsurance of risks related to the loss of tenant goods in its stores. Extra Space Storage is a member of the S&P 500 as of November 2021.

Stock for Extra Space Storage is listed on the NYSE under the ticker EXR. As of September 30th, 2020, the company owns or operates approximately 1.4 million storage units located in 1,906 self-storage stores across 40 states. Throughout these stores, the company manages approximately 147.5 million square feet of rentable space. It conducts its business through its operating partnership, Extra Space Storage LP.

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