EXR on NYSE

Extra Space Storage

Logo: https://www.extraspace.com/, Non-free logo, via Wikipedia5

American self-storage company

Extra Space Storage Inc. is an American real estate investment trust headquartered in Salt Lake City, Utah that invests in self storage facilities.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 19, 2026.

Overview

1977Founded1

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  • TickerEXR on NYSE1
  • Industryself storage1
  • HeadquartersSalt Lake City1
  • Websitewww.extraspace.com
  • Incorporated inMD6
  • Business address2795 Cottonwood Parkway, Suite 400, Salt Lake City, Ut 841216
  • Filer categoryLarge accelerated filer6
  • Legal formLimited Partnership4
  • Kind of organizationReal estate investment trust1
  • LEI529900SDJHKRQWED6A164
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered address2795 East Cottonwood Parkway, Suite 400, 84121 Salt Lake City, United States4
  • Registered withUtah Division of Corporations & Commercial Code (Department of Commerce), 10679291-01514

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Extra Space Storage Inc. is an American real estate investment trust headquartered in Salt Lake City, Utah that invests in self storage facilities. The company rents storage units, including climate controlled units, drive-up units, lockers, boat storage, RV storage and business storage under the brands Extra Space Storage, Life Storage, and Storage Express. As of April 29, 2025 the company owned and/or operated 3,714 locations in 43 states, and Washington, D.C. comprising approximately 2.6 million units 283.4 million square feet of net rentable space. It is the largest owner of self storage units in the United States and the largest self storage property manager.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

1091.1%Operating margin7
752.3%Net margin7
7.1%Revenue growth, 20257
7.3%Return on equity7

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Self Storage Operations brought in 89% of the revenue Extra Space Storage broke down this way in fiscal 2025.

  1. Self Storage Operations$2.9B789%up 3% from 2024
  2. Tenant Reinsurance$352.9M711%up 6% from 2024
Business segments by year
Business segments202320242025
Self Storage Operations$2.2B$2.8B$2.9B
Tenant Reinsurance$235.7M$332.8M$352.9M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue47¢$918.1M
  • Income tax2¢$41.6M
  • Profit50¢$974.0M

Out of $129.5M in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid74¢$1.4B
  • Share buybacks8¢$149.5M
  • Kept or used elsewhere18¢$326.3M

Out of $1.9B of cash from operations.7

Financial statements

Revenue8910117$129.5M in 2025+160% since 2019
0$50.0M$100.0M$150.0M2019: $49.9M$49.9M20192020: $52.1M$52.1M2020+4%2021: $66.3M$66.3M2021+27%2022: $83.9M$83.9M2022+27%2023: $102.0M$102.0M2023+22%2024: $120.9M$120.9M2024+19%2025: $129.5M$129.5M2025+7%
Operating income8910117$1.4B in 2025+122% since 2019
0$500.0M$1.0B$1.5B2019: $635.0M$635.0M20192020: $666.1M$666.1M2020+5%2021: $976.0M$976.0M2021+47%2022: $1.1B$1.1B2022+8%2023: $1.2B$1.2B2023+11%2024: $1.3B$1.3B2024+13%2025: $1.4B$1.4B2025+7%
Net income8910117$974.0M in 2025+132% since 2019
0$250.0M$500.0M$750.0M$1.0B2019: $420.0M$420.0M20192020: $481.8M$481.8M2020+15%2021: $827.6M$827.6M2021+72%2022: $860.7M$860.7M2022+4%2023: $803.2M$803.2M2023−7%2024: $854.7M$854.7M2024+6%2025: $974.0M$974.0M2025+14%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Property rental$2.9B$2.8B$2.2B
Tenant reinsurance$352.9M$332.8M$235.7M
Management fees and other income$129.5M$120.9M$102.0M
Total revenues$3.4B$3.3B$2.6B
Property operations$918.1M$831.6M$612.0M
Tenant reinsurance$68.9M$73.9M$58.9M
Life Storage Merger transition costs$0$0$66.7M
General and administrative$186.3M$167.4M$146.4M
Depreciation and amortization$715.2M$783.0M$506.1M
Total expenses$1.9B$1.9B$1.4B
Loss on real estate assets held for sale and sold, net-$76.3M-$25.9M$0
Impairment of Life Storage trade name$0-$51.8M$0
Income from operations$1.4B$1.3B$1.2B
Interest expense-$587.6M-$551.4M-$419.0M
Non-cash interest expense related to amortization of discount on unsecured senior notes, net-$47.5M-$43.7M-$18.8M
Interest income$163.2M$124.4M$84.9M
Income before equity in earnings and dividend income from unconsolidated real estate entities and income tax expense$940.8M$852.7M$817.2M
Equity in earnings and dividend income from unconsolidated real estate entities$68.8M$67.3M$54.8M
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and sale of a joint venture interest$54.5M$13.7M$0
Income tax expense-$41.6M-$33.5M-$21.6M
Net income$1.0B$900.2M$850.5M
Net income allocated to Preferred Operating Partnership noncontrolling interests-$2.9M-$7.3M-$9.0M
Net income allocated to Operating Partnership and other noncontrolling interests-$45.6M-$38.3M-$38.2M
Net income attributable to common stockholders$974.0M$854.7M$803.2M
Basic (in dollars per share)$4.59$4.03$4.74
Diluted (in dollars per share)$4.59$4.03$4.74
Basic (in shares)211.9M shares211.6M shares169.2M shares
Diluted (in shares)211.9M shares211.6M shares169.2M shares

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Leadership

Who has led Extra Space Storage, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kenneth M. Woolley2006–2008
  2. Spencer Kirk2010–2016
  3. Joseph D. Margolis2017–now

Chair

  1. Kenneth M. Woolley2006–2018
  2. Spencer Kirk2012

President

  1. Spencer Kirk2007–2009
  2. William N. Springer2026–now

Chief financial officer

  1. Kent Christensen2006–2011
  2. P. Scott Stubbs2012–now

Chief operating officer

  1. Karl Haas2007–2013
  2. Samrat Sondhi2016–2021
  3. Matthew T. Herrington2020–now
19801990200020102020
Board members and other officers (32)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Trustee of the GP and the LPJeff Norman named Jan 15, 202658
  • Trustee of the GP and the LPPeter Scott Stubbs named Jan 3, 2025 to Feb 26, 202559
  • Director of Extra Space Storage Inc., which holds 100% of the equity of both the GP and the LPJulia Vander Ploeg named Dec 7, 2021 to Jan 15, 202658
  • Director of Extra Space Storage Inc., which holds 100% of the equity of both the GP and the LPSusan Harnett named Aug 4, 2023 to Jan 15, 202658
  • Director of Extra Space Storage Inc., which holds 100% of the equity of both the GP and the LPJulia Scott Vander Ploeg named Jan 3, 2025 to Feb 26, 202559
  • Director of Extra Space Storage Inc., which holds 100% of the equity of both the GP and the LPSusan Scott Harnett named Jan 3, 2025 to Feb 26, 202559

Products and brands

  • self storage

Listed on Wikidata.1

Timeline

  1. Feb 16, 2017New chief executive Joseph D. Margolis becomes CEO15
  2. Mar 9, 2010New chief executive Spencer Kirk becomes CEO16
  3. Feb 14, 2006New chief executive Kenneth M. Woolley becomes CEO17
  4. Aug 12, 2004Went public Listed on NYSE1
  5. 1977Founded Founded1

Filings

459 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 67 major events, 237 insider forms, 22 large holders, 7 private raises, 105 other. The latest 20:

  1. Aug 24, 20268-K EDGAR
  2. Aug 14, 2026SCHEDULE 13G/A EDGAR
  3. Aug 5, 20264 EDGAR
  4. Jul 31, 202610-Q EDGAR
  5. Jul 28, 20268-K EDGAR
  6. Jul 6, 20268-K EDGAR
  7. Jul 2, 20264 EDGAR
  8. Jul 2, 20264 EDGAR
  9. Jul 2, 20264 EDGAR
  10. Jun 25, 20268-K EDGAR
  11. Jun 25, 2026424B5 EDGAR
  12. Jun 24, 2026FWP EDGAR
  13. Jun 24, 2026424B5 EDGAR
  14. Jun 18, 202611-K EDGAR
  15. Jun 12, 20264 EDGAR
  16. Jun 11, 2026144 EDGAR
  17. May 18, 20264 EDGAR
  18. May 18, 20264 EDGAR
  19. May 18, 20264 EDGAR
  20. May 18, 20264 EDGAR

The 459 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

37 open-market trades by officers, directors and large owners since October 2021: 2 buys and 35 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 11, 2026McNeal Gwyn GoodsonEVP/Chief Legal OfficerSale3,300$150.00$495.0KForm 4
Mar 13, 2026Margolis Joseph DChief Executive OfficerSale7,500$142.08$1.1MForm 4
Oct 1, 2025Margolis Joseph DChief Executive OfficerSale7,500$141.41$1.1MForm 4
Jul 1, 2025Margolis Joseph DChief Executive OfficerSale7,500$150.35$1.1MForm 4
Apr 1, 2025Margolis Joseph DChief Executive OfficerSale7,500$147.45$1.1MForm 4
Mar 13, 2025Bonner Joseph JDirectorSale672$149.10$100.2KForm 4
Feb 28, 2025Springer William NPresidentSale1,220$152.66$186.2KForm 4
Feb 28, 2025Dickens Zachary TEVP, Chief Investment OfficerSale80$152.66$12.2KForm 4
Jan 2, 2025Margolis Joseph DChief Executive OfficerSale7,500$148.01$1.1MForm 4
Nov 15, 2024Olmstead DianeDirectorSale3,081$164.56$507.0KForm 4
Oct 1, 2024Margolis Joseph DChief Executive OfficerSale7,500$178.52$1.3MForm 4
Sep 13, 2024Woolley Kenneth M.DirectorSale6,647$177.23$1.2MForm 4
Aug 28, 2024Springer William NPresidentSale2,000$175.33$350.7KForm 4
Aug 23, 2024McNeal Gwyn GoodsonEVP/Chief Legal OfficerSale2,823$177.01$499.7KForm 4
Jul 1, 2024Margolis Joseph DChief Executive OfficerSale7,500$152.58$1.1MForm 4
Jun 7, 2024Bonner Joseph JDirectorSale677$148.22$100.3KForm 4
Mar 8, 2024McNeal Gwyn GoodsonEVP/Chief Legal OfficerSale1,350$150.00$202.5KForm 4
Mar 7, 2024McNeal Gwyn GoodsonEVP/Chief Legal OfficerSale1,350$145.00$195.8KForm 4
Mar 4, 2024Herrington Matthew TEVP & COOSale134$142.68$19.1KForm 4
Mar 4, 2024Sondhi SamratExecutive VP and CDOSale2,048$146.46$299.9KForm 4

All 37 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Oct 28, 2025Raised $14 million in a private offering of equity Form D: 2 investors so far Form D
  2. Feb 18, 2025Raised $16.4 million in a private offering of equity Form D: 1 investor so far Form D
  3. Dec 20, 2024Raised $5 million in a private offering of equity Form D: 1 investor so far Form D
  4. Dec 17, 2024Raised $95.4 million in a private offering of equity Form D: 14 investors so far Form D
  5. Jul 20, 2023Raised $254.3 million in a private offering of equity Form D: 49 investors so far Form D
  6. Dec 31, 2021Raised $263.4 million in a private offering of equity Form D: 23 investors so far Form D
  7. Nov 1, 2021Raised $13 million in a private offering of equity Form D: 2 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.22,947,440$3.3B0.0%+458,230
Vanguard Portfolio Management LLC18,616,459$2.7B0.1%+232,558
Vanguard Capital Management LLC13,807,439$2.0B0.0%+43,218
State Street Corp13,558,465$2.0B0.1%−135,081
Norges Bank9,300,678$1.4B0.1%New
First Eagle Investment Management, LLC7,753,994$1.1B0.9%+3,915,303
Capital Research Global Investors6,300,111$915.4M0.1%+45,923
Geode Capital Management, LLC6,139,183$888.8M0.0%+53,502
Principal Financial Group Inc6,057,187$880.1M0.4%−373,139
Fmr LLC5,088,487$739.4M0.0%+487,024
Capital World Investors4,149,130$602.9M0.1%−630,432
Dimensional Fund Advisors LP3,237,600$470.4M0.1%+31,013
Charles Schwab Investment Management Inc2,964,975$430.8M0.1%+161,329
APG Asset Management US Inc.2,748,149$404.8M2.8%+12,697
Centersquare Investment Management LLC2,540,776$369.2M3.2%+41,586
Invesco Ltd.2,484,805$361.0M0.0%−1,348,228
Northern Trust Corp2,476,808$359.9M0.0%−220,002
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC2,241,413$325.7M0.1%+2,232,225
Daiwa Securities Group Inc.2,070,884$300.9M0.7%−856,549
Legal & General Group Plc2,062,947$299.7M0.1%−89,767
Morgan Stanley1,900,995$276.2M0.0%+143,309
Resolution Capital Ltd1,881,956$273.4M5.0%+448,144
Massachusetts Financial Services Co /ma/1,811,243$268.3M0.1%−12,686
Alliancebernstein L.P.2,024,148$265.4M0.1%−292,529
Goldman Sachs Group Inc1,773,325$257.7M0.0%−195,497

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

10 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Feb 12, 2026Julia LetlowRepublican, HouseBuy$1,001 - $15,000−16.6%Report
Nov 3, 2025Julia LetlowRepublican, HouseSale$1,001 - $15,000+6.5%Report
Feb 25, 2025Robert P. Bresnahan, Jr.Republican, HouseSale$1,001 - $15,000+43.3%Report
Feb 7, 2025Julia LetlowRepublican, HouseBuy$1,001 - $15,000−39.0%Report
Apr 3, 2024Tommy TubervilleRepublican, SenateSale$1,001 - $15,000+52.3%Report
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$15,001 - $50,000+81.1%Report
Apr 10, 2023Daniel S. GoldmanDemocratic, HousePartial sale$1,001 - $15,000+103.4%Report
Oct 6, 2022Tommy TubervilleRepublican, SenateBuy$1,001 - $15,000−125.7%Report
Apr 14, 2020David A Perdue , Jr, SenateSale$15,001 - $50,000+126.0%Report
Apr 14, 2020David A Perdue , Jr, SenatePartial sale$15,001 - $50,000+126.0%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

The numbers on this page point here. Each one links to the record it came from.

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