1315_Nareit Testimonials_REITweek_Margolis_2022-06-27_v3
07/18/2022 | by Diane Rusignola

Joe Margolis, CEO of Extra Space Storage, Inc. (NYSE: EXR), participated in a video interview in conjunction with Nareit’s REITweek: 2022 Investor Conference in New York on June 7-9.

Margolis said that Extra Space Storage’s broad, diverse portfolio allows the REIT to smooth out its returns due to volatility in any individual market.

“The scale of the portfolio also gives us a lot of efficiencies, and also data…which we can base decisions on,” he said.

Margolis also said that sustainable practices are consistent with core company values and that Extra Space Storage has been pursuing ESG initiatives long before the acronym was even coined. He said the REIT’s employees and investors value sustainable practices, and that “frankly, it’s just the right thing to do.”

Turning to HR practices, Margolis noted that Extra Space Storage sees its employees as central to its success and that the REIT puts “tremendous efforts into attracting, training, and retaining the best, diverse top talent that we can.”