Extra Space Storage Inc (NYSE: EXR) is a self-storage real estate investment trust that owns, operates, manages, and acquires self-storage properties across the United States. Revenue comes primarily from rental income paid by individual and business tenants who lease storage units on a month-to-month basis, supplemented by tenant insurance and management fees earned from third-party owned stores. The filing was a 10-K submitted February 20, 2026, covering the fiscal year ended December 31, 2025. The excerpts provided do not contain sufficient operational detail to confirm specific store counts, segment revenue percentages, market position, named competitors, or leadership details for that fiscal period. Any such figures are omitted to avoid unsupported claims. What the filing structure confirms is that Extra Space Storage operates as a REIT, is a well-known seasoned issuer under SEC Rule 405, and files annual reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Revenue model

Rental income from month-to-month self-storage unit leases; tenant insurance income; management fees from third-party owned properties. REIT structure requires distribution of taxable income to shareholders.

Products and services

Self-storage unit rentals; tenant insurance programs; third-party property management services for self-storage facilities.

Customers and end markets

Individual consumers and small businesses leasing self-storage units on a month-to-month basis; third-party self-storage property owners using management services.

Value-chain role

Property owner, operator, and manager within the self-storage real estate sector; also acts as a fee-based manager for third-party owned facilities.

Geographic exposure

United States. Specific state or regional breakdown not supported by the provided filing excerpts.

Source: SEC 10-K, filed 2026-02-20

Industry: Real Estate Investment Trusts Peers: American Tower Corp Digital Realty Trust Inc Equinix Inc Gaming and Leisure Properties Inc Iron Mountain Inc Public Storage SBA Communications Corp VICI Properties Inc Weyerhaeuser Co