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Extra Space Storage Celebrates 20 Years as a Publicly Traded Company

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Extra Space Storage (NYSE: EXR) celebrates its 20th anniversary as a publicly traded company on August 20, 2024. Since its IPO in 2004, EXR has grown from 450 employees and 160 properties in 20 states to 7,500 employees and 3,812 properties in 42 states. The company's market cap has surged from $700 million to approximately $35 billion, making it one of the most valuable REITs and an S&P 500 listed company.

EXR now serves over 2.2 million customers across the United States, a 3,100% increase since 2004. The company remains focused on providing convenient, secure, and professional storage solutions. CFO Scott Stubbs expressed gratitude for the company's growth and emphasized their commitment to long-term success, sustainable growth, and delivering value to shareholders.

Extra Space Storage (NYSE: EXR) festeggia il 20° anniversario come società quotata in borsa il 20 agosto 2024. Dalla sua IPO nel 2004, EXR è cresciuta da 450 dipendenti e 160 proprietà in 20 stati a 7.500 dipendenti e 3.812 proprietà in 42 stati. La capitalizzazione di mercato dell'azienda è aumentata da 700 milioni di dollari a circa 35 miliardi di dollari, rendendola uno dei REIT più preziosi e una società quotata nell'S&P 500.

EXR serve ora oltre 2,2 milioni di clienti negli Stati Uniti, un incremento del 3.100% dal 2004. L’azienda rimane concentrata nel fornire soluzioni di stoccaggio convenienti, sicure e professionali. Il CFO Scott Stubbs ha espresso gratitudine per la crescita dell'azienda e ha sottolineato il loro impegno per il successo a lungo termine, la crescita sostenibile e la creazione di valore per gli azionisti.

Extra Space Storage (NYSE: EXR) celebra su 20° aniversario como empresa que cotiza en bolsa el 20 de agosto de 2024. Desde su salida a bolsa en 2004, EXR ha crecido de 450 empleados y 160 propiedades en 20 estados a 7.500 empleados y 3.812 propiedades en 42 estados. La capitalización de mercado de la empresa ha aumentado de 700 millones de dólares a aproximadamente 35 mil millones de dólares, convirtiéndola en uno de los REIT más valiosos y una empresa listada en el S&P 500.

EXR ahora atiende a más de 2,2 millones de clientes en los Estados Unidos, lo que representa un aumento del 3.100% desde 2004. La compañía se mantiene enfocada en ofrecer soluciones de almacenamiento convenientes, seguras y profesionales. El CFO Scott Stubbs expresó su gratitud por el crecimiento de la empresa y enfatizó su compromiso con el éxito a largo plazo, el crecimiento sostenible y la entrega de valor a los accionistas.

Extra Space Storage (NYSE: EXR)는 2024년 8월 20일 상장 20주년을 기념합니다. 2004년 IPO 이후 EXR은 20개 주에서 450명의 직원과 160개의 자산에서 7,500명의 직원3,812개의 자산을 보유한 42개 주로 성장했습니다. 회사의 시장 가치는 7억 달러에서 약 350억 달러로 급증하여 가장 가치 있는 REIT 중 하나이자 S&P 500에 상장된 회사가 되었습니다.

EXR은 현재 미국 전역에서 220만 명 이상의 고객에게 서비스를 제공하며, 이는 2004년 이후 3,100% 증가한 수치입니다. 이 회사는 편리하고 안전하며 전문적인 저장 솔루션을 제공하는 데 집중하고 있습니다. CFO Scott Stubbs는 회사의 성장에 대한 감사를 표하고 장기적 성공, 지속 가능한 성장, 주주 가치를 제공하겠다는 의지를 강조했습니다.

Extra Space Storage (NYSE: EXR) célèbre son 20ème anniversaire en tant qu'entreprise cotée en bourse le 20 août 2024. Depuis son introduction en bourse en 2004, EXR est passée de 450 employés et 160 propriétés dans 20 États à 7 500 employés et 3 812 propriétés dans 42 États. La capitalisation boursière de l'entreprise a explosé, passant de 700 millions de dollars à environ 35 milliards de dollars, ce qui en fait l'un des REIT les plus précieux et une entreprise cotée dans le S&P 500.

EXR sert maintenant plus de 2,2 millions de clients à travers les États-Unis, un augmentation de 3 100 % depuis 2004. L'entreprise reste concentrée sur la fourniture de solutions de stockage pratiques, sécurisées et professionnelles. Le CFO Scott Stubbs a exprimé sa gratitude pour la croissance de l'entreprise et a souligné leur engagement envers le succès à long terme, la croissance durable et la création de valeur pour les actionnaires.

Extra Space Storage (NYSE: EXR) feiert am 20. August 2024 sein 20-jähriges Jubiläum als börsennotiertes Unternehmen. Seit dem IPO im Jahr 2004 ist EXR von 450 Mitarbeitern und 160 Objekten in 20 Staaten auf 7.500 Mitarbeiter und 3.812 Objekte in 42 Staaten gewachsen. Die Marktkapitalisierung des Unternehmens ist von 700 Millionen Dollar auf etwa 35 Milliarden Dollar gestiegen, was es zu einem der wertvollsten REITs und einem im S&P 500 gelisteten Unternehmen macht.

EXR bedient nun über 2,2 Millionen Kunden in den Vereinigten Staaten, was einem Anstieg von 3.100 % seit 2004 entspricht. Das Unternehmen konzentriert sich weiterhin auf die Bereitstellung von bequemen, sicheren und professionellen Lagerlösungen. CFO Scott Stubbs äußerte Dankbarkeit für das Wachstum des Unternehmens und betonte ihr Engagement für langfristigen Erfolg, nachhaltiges Wachstum und die Schaffung von Wert für die Aktionäre.

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SALT LAKE CITY, Aug. 19, 2024 /PRNewswire/ -- Extra Space Storage (NYSE: EXR), a leader in the self-storage sector, celebrates its 20th anniversary as a publicly traded company. The company began trading on the New York Stock Exchange on August 20, 2004, following its initial public offering (IPO).

At the time of the IPO, Extra Space had 450 employees, operated 160 properties in 20 states, and had a market cap value of around $700 million. Twenty years later, Extra Space is an S&P 500 listed company with 7,500 employees, operating 3,812 properties in 42 states and is one of the most valuable REITs with a market cap of approximately $35 billion.

"I am grateful to be celebrating 20 years of Extra Space as a publicly traded company," said Scott Stubbs, Extra Space Storage CFO. "I was involved in the IPO in 2004, and as I reflect on the last 20 years, I am inspired by what the team has been able to accomplish. The journey the past two decades has been challenging and a lot of fun and I am excited to see what the next 20 years holds for Extra Space."

Since its 2004 IPO, the company has continued to grow and expand the self-storage available to customers. Extra Space now serves over 2.2 million customers across the United States – an approximately 3,100 percent increase since 2004 – remaining focused on the goal of providing the most convenient, secure, and professional storage solution.

"Looking ahead, Extra Space will maintain its focus on long-term success and sustainable growth. We will continue to deliver to shareholders the value they've come to expect from our company," Stubbs said. "I know we have the best team in place to continue our success. I am grateful for our employees and their commitment to excellence that has led us here and will continue to lead us forward."

About Extra Space Storage Inc.:

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2024, the Company owned and/or operated 3,812 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 2.6 million units and approximately 292.1 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.

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SOURCE Extra Space Storage, Inc.

FAQ

When did Extra Space Storage (EXR) become a publicly traded company?

Extra Space Storage (EXR) became a publicly traded company on August 20, 2004, when it had its initial public offering (IPO) on the New York Stock Exchange.

How many properties does Extra Space Storage (EXR) operate as of 2024?

As of June 30, 2024, Extra Space Storage (EXR) owns and/or operates 3,812 self-storage properties across 42 states and Washington, D.C.

What is the current market cap of Extra Space Storage (EXR) in 2024?

As of August 2024, Extra Space Storage (EXR) has a market cap of approximately $35 billion, making it one of the most valuable REITs.

How many customers does Extra Space Storage (EXR) serve in 2024?

Extra Space Storage (EXR) serves over 2.2 million customers across the United States as of 2024, representing a 3,100% increase since its IPO in 2004.

What brands does Extra Space Storage (EXR) operate under?

Extra Space Storage (EXR) operates its self-storage properties under three brands: Extra Space, Life Storage, and Storage Express.

Extra Space Storage, Inc.

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35.31B
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REIT - Industrial
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SALT LAKE CITY