Extra Space Storage Inc. recently celebrated its 20th anniversary since becoming a publicly traded company. At the time of its IPO, the company had 450 employees and operated 160 properties in 20 states. Today, Extra Space has grown significantly, with 7,500 employees managing 3,812 properties in 42 states and boasting a market cap value of approximately $35 billion, making it one of the most valuable REITs.
Scott Stubbs, Extra Space Storage CFO, expressed his gratitude for the company’s success over the past two decades. Since its IPO in 2004, Extra Space has experienced remarkable growth, serving over 2.2 million customers across the United States. The company remains committed to providing the most convenient, secure, and professional storage solutions to its customers.
Looking ahead, Extra Space plans to focus on long-term success and sustainable growth, delivering value to its shareholders. Stubbs expressed confidence in the company’s team and their ability to continue leading Extra Space forward. The company’s dedication to excellence and commitment to providing top-notch storage services have been key drivers of its success.
Headquartered in Salt Lake City, Utah, Extra Space Storage Inc. is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2024, the company owned and/or operated 3,812 self-storage stores in 42 states and Washington, D.C. With approximately 2.6 million units and 292.1 million square feet of rentable space, Extra Space is a leader in the self-storage industry.
Offering a wide selection of secure and conveniently located storage units, including options for boat storage, RV storage, and business storage, Extra Space Storage is dedicated to meeting the diverse needs of its customers across the country. The company’s commitment to providing top-quality storage solutions has solidified its position as the largest operator of self-storage properties in the United States.
For more information about Extra Space Storage Inc. and its services, please visit their website or contact their team directly. Cheers to 20 years of success and many more years of growth and innovation ahead for Extra Space Storage!
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