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Extra Space Storage
Real estate / REIT Self storage
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Extra Space Storage is a publicly traded self-storage real estate investment trust (REIT) that owns, operates, and manages self-storage facilities across the United States. The company was founded in 1977 and is based in Salt Lake City, Utah.
The company's facilities are typically located in densely populated urban and suburban markets, providing storage solutions for individuals and businesses. These facilities offer a variety of storage unit sizes and features, such as climate control, drive-up access, and 24-hour access.
Extra Space Storage has a strong presence in the self-storage industry, with over 1,850 facilities in 43 states, Washington D.C., and Puerto Rico. The company also has international operations in Canada and Spain.
Extra Space Storage has a customer-focused approach and prides itself on providing a clean, safe, and convenient storage experience. They also offer online reservations, payments, and account management for added convenience.
In addition to their storage services, Extra Space Storage also offers truck rentals, moving and packing supplies, and insurance options to make the moving process easier for customers.
The company has received multiple awards and recognitions, including being named one of the Best Places to Work by Glassdoor and among the Top 50 Companies to Work for in Utah by Utah Business Magazine.
Overall, Extra Space Storage is a well-established and reputable company in the self-storage industry, known for its high-quality facilities, customer service, and convenience.
The company's facilities are typically located in densely populated urban and suburban markets, providing storage solutions for individuals and businesses. These facilities offer a variety of storage unit sizes and features, such as climate control, drive-up access, and 24-hour access.
Extra Space Storage has a strong presence in the self-storage industry, with over 1,850 facilities in 43 states, Washington D.C., and Puerto Rico. The company also has international operations in Canada and Spain.
Extra Space Storage has a customer-focused approach and prides itself on providing a clean, safe, and convenient storage experience. They also offer online reservations, payments, and account management for added convenience.
In addition to their storage services, Extra Space Storage also offers truck rentals, moving and packing supplies, and insurance options to make the moving process easier for customers.
The company has received multiple awards and recognitions, including being named one of the Best Places to Work by Glassdoor and among the Top 50 Companies to Work for in Utah by Utah Business Magazine.
Overall, Extra Space Storage is a well-established and reputable company in the self-storage industry, known for its high-quality facilities, customer service, and convenience.
What is special about the company?
1. Wide Range of Storage Options: Extra Space Storage offers a wide range of storage options to meet the diverse needs of its customers. They have storage units in different sizes, climate-controlled units, vehicle storage, and even business storage solutions.
2. Convenient Locations: Extra Space Storage has over 1,850 self-storage facilities in 43 states and Puerto Rico, making it a convenient choice for many individuals and businesses.
3. Quality Customer Service: The company is known for its exceptional customer service, with friendly and knowledgeable staff available to assist customers with their storage needs.
4. Clean and Secure Facilities: Extra Space Storage takes pride in maintaining clean and well-maintained facilities, equipped with advanced security measures such as 24/7 surveillance and individual unit alarms.
5. Online and Mobile Features: In addition to their physical facilities, Extra Space Storage offers convenient online and mobile features such as online rental, bill payment, and account management, making it easier for customers to manage their storage needs.
6. Community Involvement: The company is actively involved in supporting local communities through various initiatives, such as donation drives for charities and organizing community events.
7. Sustainable Practices: Extra Space Storage is committed to sustainable practices and has implemented energy-efficient features in its facilities, as well as a robust recycling program.
8. Awards and Recognition: The company has been consistently recognized for its exceptional services and innovative practices, receiving awards such as the Better Business Bureau Torch Award for Ethics and Forbes America's Best Employers for Diversity.
9. Corporate Social Responsibility: Extra Space Storage is committed to giving back to society and has a dedicated Corporate Social Responsibility program through which it supports various charitable organizations and causes.
10. Strong Financial Performance: Extra Space Storage has a track record of strong financial performance, making it a stable and reliable choice for customers looking for storage solutions.
2. Convenient Locations: Extra Space Storage has over 1,850 self-storage facilities in 43 states and Puerto Rico, making it a convenient choice for many individuals and businesses.
3. Quality Customer Service: The company is known for its exceptional customer service, with friendly and knowledgeable staff available to assist customers with their storage needs.
4. Clean and Secure Facilities: Extra Space Storage takes pride in maintaining clean and well-maintained facilities, equipped with advanced security measures such as 24/7 surveillance and individual unit alarms.
5. Online and Mobile Features: In addition to their physical facilities, Extra Space Storage offers convenient online and mobile features such as online rental, bill payment, and account management, making it easier for customers to manage their storage needs.
6. Community Involvement: The company is actively involved in supporting local communities through various initiatives, such as donation drives for charities and organizing community events.
7. Sustainable Practices: Extra Space Storage is committed to sustainable practices and has implemented energy-efficient features in its facilities, as well as a robust recycling program.
8. Awards and Recognition: The company has been consistently recognized for its exceptional services and innovative practices, receiving awards such as the Better Business Bureau Torch Award for Ethics and Forbes America's Best Employers for Diversity.
9. Corporate Social Responsibility: Extra Space Storage is committed to giving back to society and has a dedicated Corporate Social Responsibility program through which it supports various charitable organizations and causes.
10. Strong Financial Performance: Extra Space Storage has a track record of strong financial performance, making it a stable and reliable choice for customers looking for storage solutions.
What the company's business model?
Extra Space Storage is a self-storage company that operates on a business model of providing storage space for rent to individuals and businesses. The company acquires, owns, and manages self-storage facilities across the United States and offers a variety of storage unit sizes to meet the needs of its customers. Extra Space Storage generates revenue through rental fees and also offers additional services such as insurance, moving supplies, and truck rentals. The company's business model focuses on providing convenient and secure storage solutions for customers while maximizing profits through efficient management and expansion of its storage facilities.
Interesting facts about the company
1. Extra Space Storage was founded in 1977 by Ken Woolley, who is still the chairman and CEO of the company today.
2. The company was originally called ESSCO (Extra Space Storage Company) and began as a real estate investment trust (REIT) that focused on self-storage facilities.
3. In 1998, ESSCO changed its name to Extra Space Storage and began trading on the New York Stock Exchange under the ticker symbol EXR.
4. As of 2021, Extra Space Storage is one of the largest self-storage companies in the United States, with over 1,900 facilities and 1.3 billion square feet of rentable storage space.
5. The company has a presence in 40 states and Washington D.C., making it one of the most widespread self-storage companies in the country.
6. In 2015, Extra Space Storage became the first self-storage company to be included in the S&P 500 index.
7. Extra Space Storage has won numerous awards and accolades, including being named one of Fortune’s 100 Best Workplaces for Millennials in 2017 and one of Forbes’ Most Trustworthy Companies from 2012-2015.
8. The company is committed to sustainability and has implemented various eco-friendly practices, such as using solar panels at many of its facilities and promoting paperless billing options.
9. Extra Space Storage has a strong corporate social responsibility program, partnering with local organizations to support community initiatives and disaster relief efforts.
10. The company has a strong commitment to diversity and inclusion, with 60% of its workforce being women and 45% being people of color.
See Company Due Diligence:
2. The company was originally called ESSCO (Extra Space Storage Company) and began as a real estate investment trust (REIT) that focused on self-storage facilities.
3. In 1998, ESSCO changed its name to Extra Space Storage and began trading on the New York Stock Exchange under the ticker symbol EXR.
4. As of 2021, Extra Space Storage is one of the largest self-storage companies in the United States, with over 1,900 facilities and 1.3 billion square feet of rentable storage space.
5. The company has a presence in 40 states and Washington D.C., making it one of the most widespread self-storage companies in the country.
6. In 2015, Extra Space Storage became the first self-storage company to be included in the S&P 500 index.
7. Extra Space Storage has won numerous awards and accolades, including being named one of Fortune’s 100 Best Workplaces for Millennials in 2017 and one of Forbes’ Most Trustworthy Companies from 2012-2015.
8. The company is committed to sustainability and has implemented various eco-friendly practices, such as using solar panels at many of its facilities and promoting paperless billing options.
9. Extra Space Storage has a strong corporate social responsibility program, partnering with local organizations to support community initiatives and disaster relief efforts.
10. The company has a strong commitment to diversity and inclusion, with 60% of its workforce being women and 45% being people of color.
See Company Due Diligence:
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