Extra Space Storage - M&A Summary and Business Overview

Real EstateCompany

Extra Space Storage M&A Summary

Extra Space Storage has acquired 4 companies, including 2 in the last 5 years. It has also divested 1 asset.

Extra Space Storage’s largest acquisition to date was in 2023, when it acquired Life Storage for $12.7B. Extra Space Storage has acquired in 4 different US states. The Company’s most targeted sectors include real estate (100%).

Extra Space Storage Business Overview

Where is Extra Space Storage headquartered?

Extra Space Storage is headquartered in Salt Lake City, Utah.

What is Extra Space Storage’s revenue?

Extra Space Storage disclosed revenue of 2,560M USD for 2023 and 1,924M USD for 2022.

How many employees does Extra Space Storage have?

Extra Space Storage has 4,781 employees.

What sector is Extra Space Storage in?

Extra Space Storage is a real estate company.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity4
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3
  • M&A Advisors 8

Extra Space Storage

Extra Space Storage, Inc.

2795 East Cottonwood Parkway, Suite 300,
Salt Lake City, Utah 84121
United States,
(801) 365-4600
www.extraspace.com

Extra Space Storage is a fully integrated, self-administered and self-managed real estate investment trust. Extra Space a national owner, developer, acquirer and operator of professionally managed self-storage properties. Extra Space Storage is based in Salt Lake City, Utah.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 2 - - 1 1 - 4
vol $3.7B $590M $12.7B $17.0B
Sell (0.2/yr) # - - 1 - - - 1
  5

Most Recent M&A

Company Date Value Type
Life Storage, Inc. 2023-04-03 12.7B USD Merger
Williamsville, New York · www.lifestorage.com
Storage Express 2022-09-16 590M USD Add-on Acquisition
Bloomington, Indiana · www.storageexpress.com
Extra Space Storage - Surfside 2021-08-31 - Divestiture
Surfside Beach, South Carolina
SmartStop Self Storage, Inc. 2015-10-01 1.4B USD Add-on Acquisition
Ladera Ranch, California · www.strategicstoragetrust.com
Storage USA, Inc. 2005-05-05 2.3B USD Divestiture
Memphis, Tennessee · www.sus.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Real Estate 4 (100%) 17.0B (100%) 1 (100%) -
Total 4 $17.0B 1 -

By Geo

State/Country Buy Value Sell Value
United States 4 17.0B 1 -
  Tennessee 1 2.3B - -
  New York 1 12.7B - -
  Indiana 1 590M - -
  California 1 1.4B - -
  South Carolina - - 1 -
Total 4 $17.0B 1 -

Top M&A Advisors

Financial Deals
UBS Investment Bank
 1
Citigroup Investment Banking
 1
J.P. Morgan Securities
 1
Legal Deals
Latham & Watkins
 3
Jones Waldo
 1
Holland & Hart
 1

Deal Values

buy # Total
> $1B 3 $16.4B
$100M to $1B 1 $590M
TOTAL $17.0B
Largest Life Storage, Inc.
$12.7B (2023-04-03)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
1 (25%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Real Estate

Revenue

2,560   34% 2023
1,924   23% 2022
1,577   17% 2021
1,356   4% 2020
1,308   10% 2019
1,197   9% 2018
1,105   12% 2017
992   27% 2016
782   21% 2015
647   25% 2014
520   28% 2013
409   2012
(millions of USD) Show More Show Less

Employees

4,781

Public

NYSE: EXR

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