NYSE:EXR Stock Quote
Extra Space Storage Inc is a leading provider of self-storage solutions, offering a range of storage unit options for residential and commercial customers
The company operates a vast network of facilities across the United States, designed to meet the diverse needs of its clientele, including climate-controlled units, vehicle storage, and online rental services. Extra Space Storage is committed to delivering exceptional customer service and innovative solutions, ensuring convenience and security for its users. With a strong emphasis on maintaining high-quality spaces, the company aims to enhance the storage experience while supporting individuals and businesses in managing their belongings efficiently.
Frequently Asked Questions
Are there any promotions or discounts offered by Extra Space Storage?
Extra Space Storage regularly provides promotions and discounts to attract new customers. These may include limited-time offers, such as the first month free, discounted rates for long-term rentals, or military and student discounts. Customers are encouraged to check the company's website or inquire at local facilities to take advantage of current promotions.
Does Extra Space Storage offer insurance for stored items?
Yes, Extra Space Storage offers optional insurance coverage for customers' stored items. This insurance protects against theft, damage, or other unforeseen incidents. The company provides different levels of coverage to meet diverse customer needs, ensuring that individuals and businesses can safeguard their valuables while in storage.
How can customers access their storage units?
Customers at Extra Space Storage can access their storage units via their personalized access codes, allowing them to enter the facility during designated hours. Many locations offer extended access hours, and some even provide 24/7 access, depending on the facility. Additional features, such as drive-up access and elevators for multi-story units, enhance customer convenience.
How does Extra Space Storage ensure security?
Extra Space Storage employs numerous security measures to ensure the safety of customers' possessions. Facilities typically feature gated access, 24-hour video surveillance, on-site staff, and unique access codes for entry. These measures are designed to provide customers with peace of mind regarding the safety of their stored items.
How does Extra Space Storage handle customer service?
Extra Space Storage prioritizes excellent customer service through training staff to assist customers promptly and professionally. The company offers customer support via phone, email, and on-site assistance, as well as a comprehensive FAQ section on its website. Additionally, the company encourages feedback and customer reviews to continually improve its services.
How does Extra Space Storage monetize its services?
Extra Space Storage monetizes its services primarily through the rental of storage units to individual and business customers. Revenue is generated through monthly rental fees, administrative fees, and ancillary services such as selling packing supplies and insurance for stored items. The company's strategic pricing and marketing efforts also help optimize occupancy rates, ensuring maximum revenue generation.
Is Extra Space Storage publicly traded?
Yes, Extra Space Storage Inc is publicly traded on the New York Stock Exchange (NYSE) under the ticker symbol EXR. The company went public in 2004, allowing it to raise capital for expansion and growth initiatives. Being publicly traded provides transparency to investors and is a crucial component of its business strategy.
What are Extra Space Storage's business hours?
Business hours vary by location, but typically, Extra Space Storage facilities are open seven days a week. Office hours may range from 9 AM to 6 PM on weekdays and shorter hours on weekends. Access hours for storage units can differ by location, with many facilities allowing customers to access their units from early morning until late evening.
What are the main competitors of Extra Space Storage?
Extra Space Storage faces competition from various companies in the self-storage industry, including Public Storage, U-Haul, CubeSmart, and Simply Self Storage. These competitors offer similar services, and the competitive landscape can vary by geographic region. Extra Space Storage differentiates itself through customer service, facility quality, and a diverse portfolio of storage solutions.
What does Extra Space Storage Inc do?
Extra Space Storage Inc is a leading provider of self-storage services, offering a variety of storage unit sizes to meet the needs of its customers. The company operates over 2,000 facilities across the United States and is dedicated to providing secure, accessible, and affordable storage solutions. Their offerings serve both residential and commercial customers, accommodating various storage needs, from personal items to business inventory.
What is a REIT?
A REIT, or Real Estate Investment Trust, is a company that owns, operates, or finances income-producing real estate. REITs allow individual investors to earn a share of the income produced through commercial real estate ownership without having to buy, manage, or finance any properties directly. Extra Space Storage Inc is structured as a REIT, which enables it to provide attractive returns to investors through dividends while maintaining tax advantages.
What is the company’s approach to sustainability?
Extra Space Storage is committed to sustainability and reducing its environmental impact. The company implements green building practices in its new constructions and maintenance procedures, such as energy-efficient lighting, recycling initiatives, and water conservation technologies. These efforts reflect a growing commitment to corporate social responsibility and sustainability in its operations.
What is the company’s growth strategy?
Extra Space Storage's growth strategy focuses on expanding its footprint through both the acquisition of existing storage facilities and the development of new sites. The company seeks to enter new markets while enhancing its current locations' operational efficiencies and service offerings. Additionally, Extra Space Storage invests in technology to improve customer service and streamline operations.
What is the future outlook for Extra Space Storage?
The future outlook for Extra Space Storage appears positive, driven by increasing demand for self-storage solutions due to factors like urbanization, downsizing, and lifestyle changes. The company's commitment to expansion through acquisitions and development, along with its focus on operational efficiencies and customer service, positions it well for sustained growth in the self-storage market over the coming years.
What payment options are available for customers?
Extra Space Storage offers various payment options to accommodate customers' preferences. Customers can pay their rent online through the company's website, via mail, or in-person at facility offices. Payment plans can include monthly, quarterly, or annual options, along with opportunities for auto-pay setups to streamline the billing process.
What should customers consider when choosing a storage unit?
When selecting a storage unit, customers should consider factors such as location, unit size, accessibility, climate control needs, security features, and rental costs. It is essential to assess personal storage requirements and visit multiple facilities, if possible, to find the best option that meets specific lifestyle or business needs.
What types of storage units does Extra Space Storage offer?
Extra Space Storage offers a variety of storage unit types and sizes, ranging from small lockers suitable for personal items to large units that can accommodate business inventory or vehicle storage. The company also provides temperature-controlled units for sensitive items and outdoor storage options for vehicles, trailers, and boats. Their facilities are designed to cater to diverse customer needs.
When was Extra Space Storage founded?
Extra Space Storage was founded in 1977 by Kenneth Woolley in Salt Lake City, Utah. Initially a small self-storage company, it has grown significantly over the years, becoming one of the largest operators in the self-storage industry. The company went public in 2004, which significantly contributed to its expansion and visibility in the real estate investment trust (REIT) market.
Where is Extra Space Storage headquartered?
Extra Space Storage is headquartered in Salt Lake City, Utah. This central location allows the company to efficiently manage its extensive portfolio of storage facilities across the United States while maintaining close ties to its customer base. The headquarters is equipped with operational teams that focus on management, development, and marketing strategies tailored to enhance customer experience.
What is the current price of Extra Space Storage Inc Common Stock?
The current price of Extra Space Storage Inc Common Stock is 146.38
When was Extra Space Storage Inc Common Stock last traded?
The last trade of Extra Space Storage Inc Common Stock was at 2:33 pm EDT on April 2nd, 2025
What is the market capitalization of Extra Space Storage Inc Common Stock?
The market capitalization of Extra Space Storage Inc Common Stock is 19.59B
How many shares of Extra Space Storage Inc Common Stock are outstanding?
Extra Space Storage Inc Common Stock has 133.81M shares outstanding.