Extra Space Storage

Extra Space Storage

Infobox Company
company_name = Extra Space Storage Inc.
company_
company_type = Real Estate Investment Trust
foundation = 1977
location = Cottonwood Heights, Utah
key_people = Kenneth M. Woolley
Chairman and CEO
area_served = United States
industry = self storage
products = Climate controlled and non-climate controlled storage units
revenue = $189.1 Million
operating_income =
net_income = $7.9 Million
num_employees = 1,943
parent =
subsid =
homepage = http://www.extraspace.com
footnotes =

Extra Space Storage Inc. (Nyse|EXR) is a real estate investment trust (REIT) based in Cottonwood Heights, Utah. Nearby Salt Lake City is commonly indicated as the company's location in corporate filings and news accounts.It provides self storage services throughout the USA. The company provides the following statistics in a press release. [http://ir.extraspace.com/phoenix.zhtml?c=180054&p=irol-newsArticle&ID=899922&highlight=] :"Extra Space Storage Inc. ...is a fully integrated, self-administered and self-managed real estate investment trust that owns or operates 634 self-storage properties in 32 states including Washington, D.C. The Company's properties comprise more than 425,000 units and convert|47000000|sqft|m2 rented by over 340,000 tenants. The Company is the second largest operator of self storage in the United States."

Extra Space Storage is a twenty-eight year old company that has been involved in the self-storage industry since its inception. According to the company website, Extra Space Storage's mission is sustainable growth, based around six basic company goals:

*Maximize customer satisfaction
*Provide an excellent product and service
*Develop and maintain mutually beneficial business relationships
*Increase shareholder value
*Grow the business
*Make Extra Space Storage a great place to work

Both customers and communities supposedly benefit from Extra Space Storage's approach to storage, although a minority of their customers disagree. Featuring attractive, convenient and secure facilities operated by professional managers, Extra Space Storage seeks to change the association of self storage as a temporary holding place for unwanted things to a desirable, safe, and customer-oriented facility perfectly suited for maintaining and accessing valued personal and business possessions.

History

*Founded in 1977.
*Publicly traded on the New York Stock Exchange as of April 14, 2004.
*Acquired Storage USA on July 14, 2005.

References

* [http://www.sltrib.com/business/ci_4278346 Salt Lake Tribune Article About Extra Space Storage]
* [http://online.barrons.com/google_login.html?url=http%3A%2F%2Fonline.barrons.com%2Farticle%2FSB115637144883943794.html%3Fmod%3Dgooglenews_barrons Barron's: Extra Space Storage CEO in for Long Haul]
* [http://www.newratings.com/analyst_news/article_1343464.html RBC Capital Markets, Friday, August 11, 2006 – Extra Space Storage downgraded to "sector perform" - update]
* [http://www.insideselfstorage.com/articles/337/66h1219155170771.html Inside Self Storage: "Industry Giant Extra Space Storage expands, educates" Article by Elaine Foxwell]

External links

* [http://www.extraspace.com Extra Space Storage Corporate Site]


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