Extra Space Storage Inc. (EXR) 2019年年度报告「NYSE」.pdf

1、EXTRA VALUE CONSISTENCY GREEN UNIQUE RETURN INNOVATION EFFECTIVEANNUAL REPORT 2019EXTRA VALUE“Our total 10-year return has not only been the highest in the storage sector,but of any publicly traded REIT in the United States,at 1,167%.”Joseph D.Margolis,Chief Executive OfficerAttracting,developing an

2、d retaining top talent in the industry with a workforce of over 4,000A leader in sustainability for the storage industry as recognized by GRESB,JUST Capital,Solar Association and other thought leadersEnhancing external growth through innovative investment channels with over$200 million dollars inves

3、ted outside of traditional acquisitions in 2019A diversified,recession resilient portfolio with over 1,800 properties in 40 statesCONSISTENCYEFFECTIVEGREENUNIQUEDEAR FELLOW SHAREHOLDERS,As we moved into 2020,I reflected upon the growth and accomplishments of Extra Space Storage over the last 10 year

4、s,and the value our extraordinary team created.During the decade,we acquired or developed 751 properties with an investment of$6.8 billion,more than any of our public peers.We established the largest third-party management business in the industry,which at year-end included 646 stores managed for ou

5、tside owners,with an additional 241 managed on behalf of joint venture partners.The Company grew from 766 stores,to over 1,800 stores in 40 states,Washington D.C.and Puerto Rico an increase of 137 percent.Our workforce increased from approximately 2,000 employees to 4,000 employees.Our market capita

6、lization grew from$2.5 billion to$14.7 billion,a 488 percent increase and we were added to the S&P 500.Importantly,we accomplished all of this without changing who we are a values driven company that cares deeply about our employees,our partners,our community and our shareholders.Our fast growth rat