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Research Outline

Prepared for Jared K. | Delivered January 17, 2020

Self-Storage Companies - US and Canada

Goals

To identify 4-5 of the top self-storage companies in the US and Canada as determined by annual revenue. Provide the market share of each.

Early Findings

The market size of the global self-storage industry is $39 billion with roughly 60,024 businesses. During this hour of research, we were able to find the top five self-storage companies in the US: Public Storage, Extra Space Storage, Cubesmart, Life Storage, and National Storage Affiliates Trust. These five companies make up 14.3% of the global self-storage market.

Top Self-Storage Companies in the United States

Public Storage

  • Public Storage is headquartered in Glendale, CA.
  • It reports $2.8 billion in annual revenue which accounts for 7.2% of the global market.

Extra Space Storage Inc.

  • Extra Space Storage is headquartered in Tuscan, Arizona.
  • The company reported $1.2 billion in annual revenue in 2018 which accounts for 3.1% of the global market.

Cubesmart

  • Cubesmart is headquartered in Wayne, PA.
  • It reports $632.3 million in annual revenue which accounts for 1.6% of the global market.

Life Storage, Inc.

  • Life Storage is headquartered in Buffalo, NY.
  • In 2018, it reported $550.9 million in annual revenue which accounts for 1.4% of the global market.

National Storage Affiliates Trust