Industry Turnover: Real Estate (Self-Storage)

TOP 3 Markets:

1. California: approx. 20%
2. Texas: approx. 15%
3. Florida: approx. 12%

Extra Space Storage Inc. mainly generates its turnover from the self-storage industry. The company is one of the largest providers of self-storage units in the USA. The major markets where Extra Space Storage operates are California, Texas, and Florida, which together account for a significant portion of the total turnover.

These markets are particularly important for the company due to their population density and high demand for storage solutions. California leads the list, followed by Texas and Florida, which can be attributed to the economic dynamics and population growth in these states.

Extra Space Storage Inc. is a company that operates in the self-storage sector and does not produce physical products. Instead, it offers services in the rental of storage units.

The company owns and manages a variety of self-storage facilities in the United States. The main activity of Extra Space Storage is to rent storage spaces and offer related services. Therefore, there are no production facilities in the traditional sense, but rather a variety of locations where the services are provided.

Revenue growth: 8.5% (2024) Market share: 10% in the self-storage sector (2024)

Extra Space Storage Inc. pursues a growth strategy based on acquisitions and organic expansion. In recent years, the company has acquired several smaller self-storage providers to expand its market presence and leverage economies of scale.

In addition, Extra Space Storage is investing in digitization and improving customer experience. This includes the introduction of online booking systems and optimizing storage locations through data analysis to maximize occupancy.

Another focus is on sustainable development. The company plans to enhance its energy efficiency and integrate renewable energies into its facilities to reduce costs in the long term and appeal to environmentally conscious customers.

Main materials: Steel, concrete, aluminum

Countries of origin:

• Steel: China, USA
• Concrete: USA
• Aluminum: Canada, USA

Extra Space Storage Inc. is a company in the real estate management sector that specializes in self-storage facilities. For the construction and maintenance of these facilities, materials such as steel, concrete, and aluminum are mainly required.

Steel is often imported from China and the USA, as these countries are leading in steel production. Concrete is usually sourced locally in the USA to minimize transportation costs. Aluminum is frequently imported from Canada and the USA, as Canada is one of the largest aluminum producers worldwide.

These materials are crucial for the construction and maintenance of storage facilities as they ensure the structural integrity and durability of the buildings.

Market share: 10% (estimated, 2025)
EBITDA margin: 65% (2024)
Customer satisfaction: 4.5 out of 5 stars (industry comparison, 2024)

Extra Space Storage Inc. has a significant competitive advantage that is evident in several areas. The company holds an estimated market share of 10% in the US self-storage market, making it one of the leading providers.

The EBITDA margin of 65% indicates an efficient cost structure and strong operational performance, which is above average compared to many competitors. This high margin enables the company to invest in expansion and innovation.

Additionally, the high customer satisfaction demonstrates that Extra Space Storage is capable of providing high-quality service, strengthening customer loyalty and facilitating the acquisition of new customers. All of this together gives the company a sustainable competitive advantage in a growing market.

Institutional investor share: 85% (estimated for 2025 based on historical data)

Insider purchases/sales: No significant transactions known (as of 2025)

The institutional investor share at Extra Space Storage Inc. has traditionally been high, indicating the trust of large investment funds and institutional investors in the stability and growth potential of the company. A share of around 85% is common in the self-storage REIT industry and reflects the attractiveness of the company for long-term investments.

In 2025, there were no significant insider transactions that could indicate a change in the management's confidence in the company's future development. This suggests that insiders are satisfied with the current company strategy and performance.

Market share of Extra Space Storage Inc.: 10% (estimated for 2025)

Top competitors and their market shares:

1. Public Storage (NYSE: PSA) - 12%
2. Extra Space Storage Inc. (NYSE: EXR) - 10%
3. CubeSmart (NYSE: CUBE) - 8%
4. Life Storage (NYSE: LSI) - 7%
5. National Storage Affiliates Trust (NYSE: NSA) - 5%
6. U-Haul International (AMERCO) - 4%
7. Sovran Self Storage (Uncle Bob's) - 3%

Moat of Extra Space Storage Inc.:

Extra Space Storage Inc. has a significant moat supported by its extensive geographic presence and efficient operating model. The company has heavily invested in technology in recent years to optimize operations and increase customer satisfaction. These investments have led to better utilization and higher margins.

Compared to its competitors, Extra Space Storage has an advantage due to its strong brand recognition and its ability to successfully integrate acquisitions. Public Storage, as the largest competitor, also has a strong moat due to its even larger market presence and financial strength.

Overall, Extra Space Storage has a solid moat, but Public Storage could have a slight advantage due to its size and resources. The other competitors have less pronounced moats, which keeps Extra Space Storage in a good position to continue gaining market share.

Revenue Growth: 8.2% (2024) Profit Growth: 9.5% (2024) Market Share: Leading in the Self-Storage Sector in the USA

Extra Space Storage Inc. achieved solid revenue growth of 8.2% in 2024. This is due to the ongoing high demand for self-storage solutions, especially in urban areas where space is limited. The company has further expanded its market leadership through strategic acquisitions and partnerships.

The profit growth of 9.5% in the same period underscores the efficiency improvements and cost reductions that the company has successfully implemented. Extra Space Storage also benefits from a strong operating margin supported by optimized operations and technology utilization.

In summary, Extra Space Storage Inc., due to its strong market position, continuous growth, and solid financial performance, represents an attractive investment opportunity. Investors could benefit from stable demand and strategic growth initiatives.

Dividend yield: 3.5% (estimated for 2025)
Dividend history: Continuous distribution for several years

Extra Space Storage Inc. is known for paying a regular dividend to its shareholders. The company has pursued a stable dividend policy in the past and has consistently increased its distributions.

The reliability of the dividend is supported by the strong financial performance and solid market position in the self-storage sector. Given the stable cash flows and the company's dividend history, it is likely that Extra Space Storage will continue to pay a reliable dividend in the future.