Extra Storage Space Inc. is the second-largest self-storage corporation in the United States. It is also one of the few storage companies that is listed and traded publicly on the New York Stock Exchange (NYSE:EXR). A quick look at their key financial statistics shows strong annual profits. It’s very evident that the company has strong management and leadership.
Extra Storage owns and operates over 1,400 self-storage properties in 35 States and various foreign countries. They maintain over one million separate units totaling over 80 million square feet of rentable floor space. The headquarters is still in Salt Lake City where it was founded in 1986 and the corporate parent is now a real estate investment trust company (REIT).
In-Depth Look at Extra Space Storage
Extra Storage Space’s growth-orientated focus has allowed the company to heavily capitalize its operations and equipment which, in turn, is passed onto customer value. Besides climate controlled indoor storage area, they have ample room for cars, trucks, trailers, RV’s, motorcycles, ATVs, boats, and various types of machinery. They also strongly cater to business storage whether it be file retention or surplus inventory.
Business storage includes serving:
- Restaurants and Clubs
- Pharmaceutical Sales
- Other movers and Property Managers
- Construction Companies
- Retail and Wholesale Outlets
- Seasonal Goods
- Temporary Accommodation for Renovations
- Agriculture Products
- Importing and Exporting
- Recreational Outfitters
Extra Storage Space is a customer-first oriented company with emphasis on:
- 24/7 Security
- Convenient Access Hours
- Climate Controlled Units
- Level and Direct Drive-up Access
- Knowledgeable and Friendly Staff
- Month to Month Payments
- Clean, Safe and Well-lit Sites
The company is also full-service to the self-storage consumer. They handle every type of packing material, rent a full line of moving equipment like dollies, furniture blankets, securing straps, and lifts. The storage units vary in size from the smallest indoor space at 30 square feet progressing up to 600 square feet. Unlimited outdoor rental space can be found at most locations.
Extra Space Storage’s mission is sustainable growth based on six company goals:
- Maximize customer satisfaction
- Create a great working environment
- Increase shareholder value
- Provide an excellent product and service
- Develop and maintain mutually beneficial business relationships
- Grow the business
After 30 years in the storage business, Extra Space Storage has definitely been one of the most successful in the industry.