Extra Space Storage Inc

Extra Space Storage Inc. is a real estate investment trust (REIT) that owns, operates, and manages self-storage properties across the United States. As one of the largest self-storage operators in the country, the company provides storage units for personal, business, and vehicle storage needs. Its portfolio includes over 3,600 properties, either wholly owned or managed through joint ventures and third-party management agreements.

The company generates revenue primarily through rental income from tenants leasing storage units. Additional revenue comes from tenant insurance, late fees, and administrative charges. Extra Space Storage also earns management fees from properties it operates for third parties. The business model emphasizes high occupancy rates and same-store revenue growth, supported by a strong brand and a network of properties in high-demand locations.

Extra Space Storage operates in the REIT - Industrial sector, specifically within the self-storage niche. The industry is fragmented, with major competitors including Public Storage, U-Haul, and CubeSmart. Extra Space Storage differentiates itself through a large, high-quality portfolio, a strong management platform, and a focus on operational efficiency. The company has a market capitalization of $31.58 billion and a dividend yield of 4.49%.

The company's target customers include individuals and families needing temporary or long-term storage for household goods, as well as businesses requiring inventory or document storage. Its primary geographic market is the United States, with properties concentrated in urban and suburban areas across 40 states and Washington, D.C. The company also serves commercial clients through vehicle and boat storage.

An auto-generated descriptive profile based on company data, for informational purposes only.