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Managed Stores by Type
Categorizes stores based on management type, offering insights into the company's operational strategy and potential revenue streams from different management models.Extra Space’s growth is coming almost entirely from third‑party management — a clear, sustained acceleration since late‑2023 that is driving fee income and platform scale — while unconsolidated JV counts, after a 2023 spike, have flattened and are declining. That pattern fits management’s asset‑light emphasis and explains the >9% management‑fee growth, but it also signals fewer balance‑sheet acquisitions and a reliance on fee revenue; shrinking JV inventory plus pricey market valuations could cap future FFO upside from acquisitions despite healthy same‑store momentum.
Date | Third Party | Unconsolidated Joint Ventures |
|---|---|---|
Jun 30, 2026 | 1.96K | 409.00 |
Mar 31, 2026 | 1.92K | 408.00 |
Dec 31, 2025 | 1.86K | 407.00 |
Sep 30, 2025 | 1.81K | 411.00 |
Jun 30, 2025 | 1.75K | 414.00 |
Mar 31, 2025 | 1.68K | 439.00 |
Dec 31, 2024 | 1.57K | 460.00 |
Sep 30, 2024 | 1.46K | 460.00 |
Jun 30, 2024 | 1.42K | 472.00 |
Mar 31, 2024 | 1.41K | 472.00 |