Extra Space Storage Inc. Stock: price and directors' dealings · United States · SEC (Form 4)

About Extra Space Storage Inc.

Extra Space Storage Inc. (ticker: EXR) is a U.S.-listed real estate company trading on the NYSE in the United States. It is organized as a self-administered, self-managed REIT focused on self-storage, and it is headquartered in Salt Lake City, Utah. The company’s operating history dates back to 1977, when founder Kenneth M. Wooley launched the predecessor business in Billings, Montana. Extra Space Storage was later formed as a Maryland corporation in 2004 to continue that business and began trading on the New York Stock Exchange on August 20, 2004. Over time, it has become one of the most important names in the U.S. self-storage market. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1289490/000119312525174053/d56245d424b5.htm?utm_source=openai)) The company’s core business is the ownership, operation, acquisition, development, redevelopment, and management of self-storage properties across the country. Its product set includes standard storage units, climate-controlled units, drive-up units, and storage solutions for both consumers and businesses. Extra Space also has a meaningful third-party management platform, which is a key differentiator in the sector because it generates fee income and expands the company’s footprint without requiring the same level of balance-sheet capital as wholly owned stores. In addition, the platform benefits from the company’s technology, pricing expertise, and operating scale. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1289490/000119312525174053/d56245d424b5.htm?utm_source=openai)) From a competitive standpoint, Extra Space Storage is widely regarded as a U.S. industry leader. The transformational merger with Life Storage closed in July 2023 and created the largest storage operator in the United States by number of locations. Since then, the company has continued to expand its network and operating reach. In March 2025, it highlighted that it had crossed the 4,000-store milestone, and company disclosures and recent results indicate an even larger portfolio by year-end 2025, with 4,281 stores in 43 states and Washington, D.C. That scale gives EXR strong market coverage, brand visibility, and operating leverage. ([ir.extraspace.com](https://ir.extraspace.com/news/news-details/2023/Extra-Space-Storage-Life-Storage-Announce-Closing-of-Merger-07-20-2023/default.aspx?utm_source=openai)) Recent developments point to a company that is still actively integrating, optimizing, and growing. Management has emphasized the successful integration of Life Storage, the expansion of its third-party management platform, and disciplined external growth initiatives. In 2025 and early 2026, the company reported continued high occupancy and improving operating trends, while also maintaining a regular quarterly dividend policy. For investors, this supports the view of EXR as a scaled REIT with a combination of recurring property income, fee-based management revenue, and ongoing portfolio expansion. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1289490/000162828025015972/q42024exrannualreport.pdf?utm_source=openai))