With a market cap of $36.2 billion, Salt Lake City, Utah-based Extra Space Storage Inc. (EXR) is the largest operator of self-storage properties in the United States, with over 3,700 locations across 42 states and Washington, D.C. The company manages approximately 283 million square feet of rentable space under its Extra Space, Life Storage, and Storage Express brands.
Shares of Extra Space Storage have slightly lagged behind the broader market over the past 52 weeks. EXR has risen nearly 32% over this time frame, while the broader S&P 500 Index ($SPX) has rallied 32.6%. In 2024, shares of EXR are up 6.6%, compared to SPX’s 26.5% gain on a YTD basis.
