Contributing Editors

Big Money Being Spent on Self Storage at Home and Abroad—and For a Reason!

by Tony Gonzalez January 14, 2014 7:15 PM
For gambler it is all about the thrill. Yes, they want to win a ton of money as well, but part of that is the thrill that goes with either making or breaking the bank. Some view investing in a similar light. It can cost you a ton of money to have a stake in the game, and you can lose it fast or it can explode into a small fortune. [More]

Some Certainly Like to Go Big in the Self Storage Industry

by Tony Gonzalez January 8, 2014 11:26 PM
Go big or go home. That saying is something that many of us have heard at one time or another—if not said. It’s all about being noticed and not just succeeding, but excelling. What it takes to do it is up to the person or person’s involved and why they feel the need to do it. Are they trying to win a tournament? Are they looking to become titans of industry? [More]

Self Storage Industry Continues to be a Solid Investment

by Winnie Hsiu November 5, 2013 11:15 PM
When the economy is down there are certain things that are pretty rough like selling high-end luxury cars that get poor gas mileage (but look really cool), getting approved for a small business loan, and figuring out what to invest your money in. During the recent economic downturn there was one industry that surprised many with its resiliency and ability to turn a profit. [More]

Extra Space Storage(R) Experiences Growth in the Fourth Quarter of 2011

by Winnie Hsiu January 4, 2012 11:03 AM
As our readers have probably noticed, we report about what is happening around the United States - and even the world - in the self storage industry. We report what is in the news with many other businesses and how they are doing. It is interesting to note the growth and improvements that other facilities are making.

It is with great pride that I report about Extra Space Storage. It is always good to be able to report the news concerning the company. [More]

Extra Space Storage Issues Stock Over-Allotment Option and Declares Quarterly Dividend

by John Stevens May 25, 2011 11:29 AM
Extra Space Storage showed solid growth in its first quarter results and its common stock is selling strong with an over-allotment option being issued yesterday. The company has also announced a quarterly dividend of $0.14 per share on its common stock for the second quarter of 2011. [More]

Extra Space Chairman Spencer Kirk Speaks at Wells Fargo Conference

by Tony Gonzalez December 22, 2009 11:15 AM
Extra Space Storage Chairman and CEO Spencer F. Kirk addressed the Wells Fargo 13th Annual Real Estate Securities Conference in New York City last Wednesday. The conference, which was broadcast live over the Internet, was held at the Waldorf-Astoria. An audio file and transcript of the webcast, and the power point presentation that Kirk put together to go with it, can be found online at Extra Space's website.

Kirk gave an overview of Extra Space's performance compared to other public companies. While acknowledging that the recession has hit the self-storage industry, just as it has hit other industries, Kirk noted that "There was a thesis for many years that storage was recession-proof. It is not. Storage is recession-resistant." Kirk continued, "All public companies have gone negative, but the degree to which storage has gone negative is remarkable....we believe that storage as a sector was perhaps last into the recession and we believe that storage as a sector will be amongst the first out of the recession....Extra Space believes that we are going to lead the way." Extra Space, Kirk pointed out, has significantly outperformed other storage companies for 2009. He attributed Extra Space's success to the high tech people it hires, the quality and locations of its properties, and the sensible processes and practices that it uses to, for example, make real-time, web-based data available for all of its facilities. [More]