Extra Space Storage Wraps Seven-Year Sustainability Push
Salt Lake City-based Extra Space Storage has closed its 2018–2025 sustainability cycle, shifting its focus toward a new set of environmental and corporate benchmarks for 2030. The REIT, which operates over 4,300 facilities, claims its current carbon footprint sits 82% below the broader real estate sector average.
The company’s 2025 report highlights a $30 million investment in solar infrastructure, contributing to a total output of 68.6 GWh of clean energy. These upgrades helped the firm achieve a 15% reduction in greenhouse gas emissions per square foot. CEO Joe Margolis cited the company's core values of integrity and innovation as the drivers behind these portfolio-wide improvements, noting that the strategy is intended to bolster long-term shareholder value.
Beyond environmental metrics, the report outlines high marks in operational culture and customer relations. The company secured an "A" rating for its GRESB disclosure and earned recognition as one of "America's Climate Leaders" by USA Today. Internally, the firm maintained a 4.2-star rating on Glassdoor and reported a 91% customer satisfaction rate across its national footprint. With the 2018–2025 goals now concluded, management has begun pivoting toward its newly established 2030 framework to address ongoing portfolio resiliency.
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