Extra Space Storage was recently named among the 2019 Top Revenue Growth Companies during MountainWest Capital Network‘s Utah 100 Award Event. This year marks the 25th anniversary of the group’s flagship event, which recognizes the state’s 100 fastest-growing companies, 15 largest revenue companies, and other emerging businesses.
Those among the Top Revenue Growth Companies list are celebrated for having the largest dollar amount of revenue growth over a five-year period. This year, however, MountainWest Capital Network adjusted their criteria for annual revenue, ranking companies according to the highest total dollar growth from last year with a weighted average calculation of percentage and dollar growth.
Extra Space Storage claimed the #2 spot on this year’s list. Our self storage company has reached $1.3 billion in annual revenue and has increased same-store revenue by 3.8%. In addition, our total ten-year return for shareholders is 1,459%—the highest in the self storage sector and for all public REITs.
This recognition from MountainWest Capital Network is a welcome addition to Extra Space Storage’s other 2019 milestones, which include securing a spot on Forbes’ America’s Best Midsize Employers list, CEO Joe Margolis being named among Glassdoor’s Top CEOs 2019, and the company receiving a spot in Utah Business’ Fast 50 list.
All of these accomplishments for our self storage company are credited to our incredible team and the core values that we strive to maintain every day: Integrity, Excellence, Innovation, Teamwork, and Passion.
“We have a very bright future at Extra Space Storage,” said CEO Joe Margolis of the recent achievements and growth. “The industry has a lot of runway, and we are positioned well for continued growth. We have a great team, a great platform, and a great strategy to deliver results to our shareholders. And we will continue to do so while living our values every day.”
See the other MountainWest Capital Network Utah 100 Award winners here.