Extra Space Storage Inc. (EXR), headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT that owns and operates over 3,500 self-storage properties. Valued at $37.6 billion by market cap, EXR is the largest operator of self-storage properties in the U.S. that offers customers a wide selection of conveniently located and secure storage units, including boat storage, RV storage, and business storage.
Shares of this leading self-storage REIT have outperformed the broader market considerably over the past year. EXR has gained 39.4% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 27.7%. However, in 2024, EXR’s stock rose 11.2%, compared to SPX’s 18% rise on a YTD basis.
