Extra Space Storage Inc. EXR

Extra Space Storage Inc., incorporated on April 30, 2004, is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The Company operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Company's rental operations activities include rental operations of stores in which it has an ownership interest. The Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in its stores. The Company's property management, acquisition and development activities include managing, acquiring, developing and selling stores.

The Company's interest in its stores is held through its operating partnership, Extra Space Storage LP (the Operating Partnership). The Company's primary assets are general partner and limited partner interests in the Operating Partnership. The Company invests in stores by acquiring stores or by acquiring an equity interest in real estate entities. As of December 31, 2016, the Company held ownership interests in 1,427 operating stores. Of these operating stores, 836 are completely owned, 180 are owned in joint venture partnerships and 411 are owned by third parties and operated by the Company. These stores are located in 38 states, Washington, D.C. and Puerto Rico and contain approximately 107 million square feet of net rentable space in approximately 960,000 units.