Extra Space Storage Inc.: Business Overview, Financials & Competitive Analysis
Extra Space Storage Inc. scores 7/10 on the AskCyborg Cyborg Score (Strong). Market-leading self-storage REIT with scale advantages, strong margins, and attractive dividend yield despite elevated valuation multiples. The company demonstrates impressive operating margins of 44.8% with LTM revenue of $3.42 billion. 2026 FFO is targeted at $8.30-$8.40, offering a 6.4% FFO yield. However, analyst sentiment is mixed with recent.
What is Extra Space Storage Inc.'s industry? Extra Space Storage Inc. (extraspace.com) operates in Real Estate Investment Trusts (REITs) - Self-Storage. AskCyborg classifies Extra Space Storage Inc. under Real Estate Investment Trusts (REITs) - Self-Storage in its company registry.
Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust and S&P 500 member, operating 4,238 self-storage properties comprising approximately 2.9 million units an...
Cyborg Score thesis
Market-leading self-storage REIT with scale advantages, strong margins, and attractive dividend yield despite elevated valuation...
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Get Current Report FreeExtra Space Storage Inc. Overview
Pro stress-test →Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust and S&P 500 member, operating 4,238 self-storage properties comprising approximately 2.9 million units and 326.9 million square feet as of September 30, 2025. The company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage.
Strategic Profile
Pro stress-test →Extra Space holds a "best-in-class" operator status with significant scale advantages over smaller peers. Supply growth is expected to fall below 2% in 2026, supporting occupancy stabilization and potential rent growth as housing headwinds fade. The company remains a leading self-storage REIT with strong occupancy, robust acquisitions, and a solid financial position.
Competitive Landscape
Pro stress-test →Extra Space remains a leading self-storage REIT with strong occupancy and robust acquisitions. The self-storage sector includes other major REITs competing on scale, technology integration, and premium facilities. The fragmented industry allows consolidators like Extra Space to benefit from acquisition-driven growth.
Industry Context
Extra Space Storage Inc. operates in Real Estate Investment Trusts (REITs) - Self-Storage.
Key facts
Headquarters: Salt Lake City, US · Revenue: $3.34B · Market cap: $30.24B