Extra Space Storage
Encyclopedia
Extra Space Storage Inc. is a real estate investment trust
(REIT) based in Cottonwood Heights, Utah
. Nearby Salt Lake City is commonly indicated as the company's location in corporate filings and news accounts.
It provides self storage
services throughout the USA.
The company provides the following statistics in a press release.http://ir.extraspace.com/phoenix.zhtml?c=180054&p=irol-newsArticle&ID=899922&highlight=
Real estate investment trust
A real estate investment trust or REIT is a tax designation for a corporate entity investing in real estate. The purpose of this designation is to reduce or eliminate corporate tax. In return, REITs are required to distribute 90% of their taxable income into the hands of investors...
(REIT) based in Cottonwood Heights, Utah
Cottonwood Heights, Utah
Cottonwood Heights is a city located in Salt Lake County, Utah, United States, along the east bench of the Salt Lake Valley. It lies south of the cities of Holladay and Murray, east of Midvale, and north of Sandy within the Salt Lake City, Utah Metropolitan Statistical Area. Following a successful...
. Nearby Salt Lake City is commonly indicated as the company's location in corporate filings and news accounts.
It provides self storage
Self storage
Self storage is an industry in which storage space is rented to tenants, usually on a monthly basis. A self storage business provides rooms, lockers, containers, and/or outdoor space in which tenants can store and access their goods. Self storage tenants include businesses and individuals...
services throughout the USA.
The company provides the following statistics in a press release.http://ir.extraspace.com/phoenix.zhtml?c=180054&p=irol-newsArticle&ID=899922&highlight=
- "Extra Space Storage Inc. ...is a fully integrated, self-administered and self-managed real estate investment trust that owns or operates 634 self-storage properties in 32 states including Washington, D.C. The Company's properties comprise more than 425,000 units and 47000000 square feet (4,366,442.9 m²) rented by over 340,000 tenants. The Company is the second largest operator of self storage in the United States."
History
- Founded in 1977.
- Publicly traded on the New York Stock ExchangeNew York Stock ExchangeThe New York Stock Exchange is a stock exchange located at 11 Wall Street in Lower Manhattan, New York City, USA. It is by far the world's largest stock exchange by market capitalization of its listed companies at 13.39 trillion as of Dec 2010...
as of April 14, 2004. - Acquired Storage USA on July 14, 2005.