Building Confidence and Trust through Consistency

Why Invest?

Self-storage is a need-based, recession resilient asset class with high operating margins and low cap-ex requirements. The granularity of assets and tenant base reduces volatility, tenant risk and market risk. Extra Space Storage enhances the value of existing and newly acquired self-storage facilities through best-in-class customer acquisition, revenue management and customer service platforms. The consistent growth of our geographically-diverse portfolio through accretive acquisitions, mutually-beneficial joint-venture partnerships, and third-party management services add cash flow above and beyond our same-store NOI growth, resulting in strong funds from operations growth, consistent dividend growth and a solid track record of stock appreciation. Extra Space has an appropriately leveraged balance sheet, consisting of diversified capital sources to provide access to the cheapest sources of funds in different economic climates. Our company and our industry are built to last.

CEO Letter