Extra Space Storage Management
Management criteria checks 4/4
Extrace Storage's CEO is Joe Margolis, appointed in Jan 2017, has a tenure of 7.92 years. total yearly compensation is $12.28M, comprised of 7.3% salary and 92.7% bonuses, including company stock and options. directly owns 0.1% of the company’s shares, worth $33.36M. The average tenure of the management team and the board of directors is 6.2 years and 5.2 years respectively.
Key information
Joe Margolis
Chief executive officer
US$12.3m
Total compensation
| CEO salary percentage | 7.3% |
| CEO tenure | 7.9yrs |
| CEO ownership | 0.1% |
| Management average tenure | 6.2yrs |
| Board average tenure | 5.2yrs |
Recent management updates
Recent updates
Extra Space Storage: Solid All-Weather Value, Set To Move
Nov 13Extra Space, Extra Gains: How Extra Space Storage Is Winning The Dividend Game
Sep 01Extra Space Storage: Solid Q2 Results, Buy For REIT Rally
Jul 31Extra Space Storage: Results Are Improving, But Rates A Risk (Rating Upgrade)
May 17I'm Betting On 5%-Yielding Extra Space Storage To Grow My Wealth
May 04Extra Space Storage: Oversupply And Reduced Demand Are Taking A Toll
Apr 02Extra Space Storage Is A Buy (Technical Analysis)
Mar 04Extra Space Storage: Set Up For Great Performance For Years To Come
Feb 03Why 4.4%-Yielding Extra Space Storage Remains My Favorite REIT
Jan 23Extra Space Storage: An Attractive Entry Point To Capitalize On The Long-Term Growth
Jan 02Extra Space Storage: Take Profits After A Rate-Driven Rally
Dec 20I'm Not Done Buying 5.5%-Yielding Extra Space Storage
Nov 10Extra Space Storage: This Could Be The Best Time In 14 Years To Buy This 6% Yielding Ultra SWAN
Oct 28Extra Space Storage: Stock Bust Is Still Finding Its Bottom
Oct 10Extra Space Storage: Yielding 5%, May Be My Favorite REIT
Sep 05Extra Space Storage: No Place To Shelter
Aug 04Extra Space Storage: Opportune Time To Buy A Best-In-Class REIT
Jul 21Extra Space Storage Buying Life Storage Will Change US Self-Storage Industry
Jul 03Why I Keep Buying Extra Space Storage's 4.6% Yield
Jun 26Extra Space Storage: Left Behind With A Solid Yield
Jun 12Why I'm Buying More Extra Space Storage
Feb 24Extra Space Storage raises quarterly dividend by 8% to $1.62/share
Feb 16Extra Space Storage: Need For Space
Jan 04Why Extra Space Storage Is A No-Brainer Buy For A SWAN Portfolio
Nov 15Extra Space Storage acquires Storage Express for $590M to expand national portfolio
Sep 16CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$807m |
| Jun 30 2024 | n/a | n/a | US$802m |
| Mar 31 2024 | n/a | n/a | US$819m |
| Dec 31 2023 | US$12m | US$900k | US$802m |
| Sep 30 2023 | n/a | n/a | US$790m |
| Jun 30 2023 | n/a | n/a | US$822m |
| Mar 31 2023 | n/a | n/a | US$852m |
| Dec 31 2022 | US$12m | US$900k | US$859m |
| Sep 30 2022 | n/a | n/a | US$924m |
| Jun 30 2022 | n/a | n/a | US$891m |
| Mar 31 2022 | n/a | n/a | US$827m |
| Dec 31 2021 | US$7m | US$850k | US$826m |
| Sep 30 2021 | n/a | n/a | US$714m |
| Jun 30 2021 | n/a | n/a | US$641m |
| Mar 31 2021 | n/a | n/a | US$576m |
| Dec 31 2020 | US$7m | US$850k | US$481m |
| Sep 30 2020 | n/a | n/a | US$437m |
| Jun 30 2020 | n/a | n/a | US$431m |
| Mar 31 2020 | n/a | n/a | US$433m |
| Dec 31 2019 | US$6m | US$850k | US$419m |
| Sep 30 2019 | n/a | n/a | US$408m |
| Jun 30 2019 | n/a | n/a | US$431m |
| Mar 31 2019 | n/a | n/a | US$421m |
| Dec 31 2018 | US$4m | US$750k | US$415m |
| Sep 30 2018 | n/a | n/a | US$529m |
| Jun 30 2018 | n/a | n/a | US$492m |
| Mar 31 2018 | n/a | n/a | US$484m |
| Dec 31 2017 | US$4m | US$750k | US$478m |
Compensation vs Market: Joe's total compensation ($USD12.28M) is about average for companies of similar size in the US market ($USD12.88M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
CEO
Joe Margolis (63 yo)
7.9yrs
Tenure
US$12,280,701
Compensation
Mr. Joseph Daniel Margolis, J.D. also known as Joe, serves as Independent Director of Invitation Homes Inc. since May 20, 2020. He has been the Chief Executive Officer of Extra Space Storage Inc. since Jan...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 7.9yrs | US$12.28m | 0.10% $ 33.4m | |
| Executive VP & CFO | 13yrs | US$3.72m | 0.077% $ 24.9m | |
| Executive VP & Chief Investment Officer | 4yrs | US$3.50m | 0.0091% $ 3.0m | |
| Executive VP & Chief Marketing Officer | 4.5yrs | US$3.68m | 0.044% $ 14.4m | |
| Executive VP and Chief Strategy & Partnership Officer | 4yrs | US$3.59m | 0.0072% $ 2.3m | |
| Executive VP & COO | 4.5yrs | US$1.05m | 0.0050% $ 1.6m | |
| Senior VP of Accounting & Finance and Corporate Controller | 13yrs | no data | 0.0063% $ 2.0m | |
| Executive VP & Chief Legal Officer | 11.4yrs | US$2.60m | 0.015% $ 5.0m | |
| Senior Vice President of Operations | no data | US$203.12k | no data | |
| Senior Vice President of Capital Markets | no data | no data | no data |
6.2yrs
Average Tenure
49yo
Average Age
Experienced Management: EXR's management team is seasoned and experienced (6.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 7.6yrs | US$12.28m | 0.10% $ 33.4m | |
| Independent Director | 4.8yrs | US$275.00k | 0.0027% $ 875.6k | |
| Independent Director | 1.4yrs | no data | 0.0068% $ 2.2m | |
| Independent Chairman of the Board | 20.3yrs | US$500.00k | 0.19% $ 61.9m | |
| Independent Director | 20.3yrs | US$240.00k | 0.44% $ 144.2m | |
| Independent Director | 1.4yrs | no data | 0.0020% $ 648.6k | |
| Independent Director | 11yrs | US$265.00k | 0.0028% $ 898.3k | |
| Independent Director | 1.4yrs | no data | 0.021% $ 6.7m | |
| Independent Director | 4.1yrs | US$267.50k | 0.0023% $ 736.1k | |
| Independent Director | 5.6yrs | US$260.00k | 0.0025% $ 801.0k |
5.2yrs
Average Tenure
65yo
Average Age
Experienced Board: EXR's board of directors are considered experienced (5.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:48 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Extra Space Storage Inc. is covered by 40 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Richard Milligan | Baird |
| Brendan Lynch | Barclays |
| Keegan Carl | Berenberg |