Extra Space Storage's Remarkable 4,000 Store Milestone
Extra Space Storage, Inc. (NYSE: EXR), a leading self-storage property operator in the U.S., has reached an impressive milestone by surpassing 4,000 stores across the nation. This significant achievement showcases the company's rapid growth, having more than doubled its store count since just 2021. Extra Space's accomplishment is a celebration of both scale and commitment to its customers.
A Testament to Growth and Resilience
In reflecting on this milestone, CEO Joe Margolis emphasized that it represents more than just a number. He acknowledged the hard work and dedication of the team that has contributed to this success. "Reaching 4,000 stores isn't just about the number – it's about the people who made this growth happen. Our sustainable growth strategy allows us to deliver the highest quality service to our diverse clientele," Margolis shared. The company prides itself on serving over 2.4 million customers who trust Extra Space for their storage needs.
Expansive Operations Across the Nation
Extra Space Storage currently operates 4,011 facilities spanning 42 states and Washington, D.C., providing an astonishing 2.8 million units and 308 million square feet of rentable space. The company's latest expansion efforts have seen the addition of 297 stores, reflecting a clear commitment to meeting the growing demand for quality storage solutions. Nearly half of these facilities are wholly owned, with the remaining managed or owned through partnerships, showcasing the company's diverse and strategic growth approach.
Values-Driven Approach to Business
Since its inception in 1977, Extra Space has been anchored in its core values of integrity, teamwork, passion, innovation, and excellence. Margolis noted, "This milestone reflects years of hard work and commitment from our team to our company values. We are not just looking to expand; we are building a legacy that will thrive for years to come." This dedication to values has contributed to the company's recognition as a top workplace by various renowned organizations.
Recognized for Excellence
Extra Space Storage has received numerous accolades for its workplace culture and service excellence. Recently earning a spot in Forbes' "America's Best Companies" list in 2025, the company has continuously fostered an environment that attracts top talent while prioritizing employee satisfaction. This commitment to excellence also resonates through its service offerings, which include secure locations for boat, RV, and business storage.
Looking Ahead: The Future of Extra Space Storage
With a solid foundation laid over the years and an enthusiastic team driving the company's growth, Extra Space Storage is well-positioned for continued success. The company is expanding its reach without compromising on the quality of service that has made it a trusted name in the self-storage industry. As the demand for secure storage solutions grows, Extra Space aims to meet this need with innovation and excellence.
Frequently Asked Questions
What milestone did Extra Space Storage achieve recently?
Extra Space Storage recently surpassed 4,000 stores, marking a significant expansion of its operations.
Who is the CEO of Extra Space Storage?
Joe Margolis serves as the CEO of Extra Space Storage and is instrumental in driving the company's growth strategy.
How many customers does Extra Space Storage serve?
The company serves over 2.4 million customers, providing them with essential storage solutions.
When was Extra Space Storage founded?
Extra Space Storage was founded in 1977 and has grown significantly since then.
What recognition has Extra Space Storage received?
Extra Space has been recognized multiple times as a top workplace and was listed in Forbes' "America's Best Companies" in 2025.
