EXR
- Extra Space Storage Inc.
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Overview
Company Summary
Extra Space Storage Inc. is a self-storage real estate investment trust (REIT) based in the United States. The company owns, develops, operates, manages, and acquires self-storage properties across the country. Extra Space Storage provides a comprehensive range of storage solutions for both residential and commercial customers.
The company operates a vast network of self-storage facilities, offering customers a safe and secure place to store their belongings. With numerous locations, Extra Space Storage provides convenience and accessibility to individuals and businesses in need of additional storage space.
Extra Space Storage offers a variety of unit sizes to accommodate different storage needs, ranging from small lockers to larger units suitable for storing furniture, appliances, vehicles, or inventory. These storage units are designed to protect customers' items from weather extremes, theft, and damage, providing peace of mind.
Apart from the physical storage spaces, Extra Space Storage also offers ancillary services such as moving and packing supplies, truck rentals, and tenant insurance options. This one-stop-shop approach enhances customer experience and convenience.
As a REIT, Extra Space Storage generates revenue primarily through rental income from leased storage units. The company focuses on maintaining high occupancy rates, optimizing rental rates, and effectively managing its facilities to drive profitability and shareholder value.
Overall, Extra Space Storage provides a necessary service by offering individuals and businesses a secure and flexible storage solution for their belongings. Their extensive network and emphasis on customer satisfaction make them a leading player in the self-storage industry.