See How We’ve Grown: Extra Space Storage Marks 10-Year New York Stock Exchange Anniversary

Posted on Aug 12 2014 - 10:00am by James Overturf

August 12 is a special day for Extra Space Storage. It’s not a birthday. It’s an anniversary!

On August 12, 2004, Extra Space Storage joined the New York Stock Exchange (NYSE). That’s why we sometimes affectionately refer to ourselves as EXR, our stock symbol. It’s been a very good 10 years. Let’s break it down for a good snapshot.

See How Weve Grown: Extra Space Storage Marks 10 Year New York Stock Exchange Anniversary

 

EXR initial public offering, or IPO
$12.50 a share

EXR stock growth since 2004
More than 400 percent

How we’re doing
Recently, EXR has traded for more than $51 a share. In fact, EXR is a leading real estate investment trust, or REIT, for growth in stock price and total shareholder return.

What we’ve gained
Joining the NYSE helped the company access the capital needed to expand through acquisitions.

See How Weve Grown: Extra Space Storage Marks 10 Year New York Stock Exchange Anniversary

Image by flickr Brian Glanz

How our team has grown
From 377 employees in 2004 to 2,641 today, Extra Space Storage experienced a team growth of more than 600 percent.

How we’ve expanded
In 2004, Extra Space Storage had 136 locations. Today, we have 1,071 properties covering 79 million square feet of rentable space in 35 states, Washington, D.C. and Puerto Rico.

How we’re still growing
With a diversified customer base, Extra Space Storage is in a good position to support continued strong growth.

What we think
Self storage is a recession-resistant business that has come out of the shadows and into the mainstream! As the second-largest self storage company in the U.S., we’re inspired by our tremendous opportunity to offer convenient and secure storage solutions to a growing number of customers.

Thank you for dropping by to help us celebrate our 10-year NYSE anniversary!

See How Weve Grown: Extra Space Storage Marks 10 Year New York Stock Exchange Anniversary

About James Overturf

SVP Marketing and Investor Relations
Extra Space Storage

James Overturf oversees all marketing and corporate communication activities for Extra Space Storage. James had ambitions on being an architect but was quickly brought back to reality by a lack of talent and instead decided to study marketing, economics and statistics. He enjoys skiing, fishing, golf and spending time with his wife and three daughters. James was duped into a career in self-storage from the high-tech industry in the late 90’s by current Extra Space Storage CEO Spencer Kirk.