Uploaded June 2026 | Updated September 2026, 2 weeks ago

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CEO of Extra Space Storage, Joe Margolis, on the state of the self-storage industry:

"We're in the recovery period. If you go back a few years, storage was a winner and outperformed during COVID. We had kind of an unprecedented growth at the stores—revenue growth, NOI growth, unprecedented FFO growth—that attracted a lot of capital to the sector, a lot of development. And then we've had three years where we've been on more of a down cycle."

#extraspacestorage #selfstorage #leadership