Extra Space Storage Inc
(NYSE: EXR)
42.09
-1.61
-3.68%
-1.61
-3.68%
MORE ON EXR
COMPANY INFORMATION
| Exchange: | New York Stock Exchange |
| Stock: | Extra Space Storage, Inc. |
| Industry: | REIT - Industrial |
| Employees: | 2,283 |
DESCRIPTION
| Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust formed as a Maryland corporation on April 30, 2004 to own, operate, manage, acquire, develop and redevelop professionally managed self-storage facilities. The Company operates in three segments: property management, acquisition and development, rental operations and tenant reinsurance. The Company’s property management, acquisition and development activities include managing, acquiring, developing and selling self-storage facilities. Rental operations activities include the direct and indirect ownership and operation of self-storage facilities. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the Company's self-storage facilities. The Company invests in self-storage facilities by acquiring wholly-owned facilities or by acquiring an equity interest in real estate entities. At December 31, 2012, the Company had direct and indirect equity interests in 729 storage facilities. In addition, the Company managed 181 properties third parties bringing the total number of properties which it owns and/or manages to 910, located in 34 states, Washington, D.C. and Puerto Rico. |
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