Environmental Report
Sustainability is core to our operational excellence. As a publicly traded REIT, we align our disciplined capital stewardship with our commitment to environmental stewardship. By expanding our renewable energy footprint and refining our approach to waste and emissions, we are delivering a more efficient, responsible, and sustainable future for our stakeholders.
- 31% Reduction in GHG Emissions since 2019 in like-for-like pool
- Energy Use Intensity Reduction
(by sq ft)
- GhG Emissions Intensity Reduction
(by sq ft)
- Water Use Intensity Reduction
(by sq ft)
- 5.4% reduction in 2025
- 15.2% reduction in 2025
- 8.7% reduction in 2025
Solar Program
Extra Space has been strategically investing in on-site solar power for over 15 years. In the past year alone, we completed solar installation projects at 154 of our stores, investing $30.1 million. With 47% of the company’s wholly-owned properties powered by the sun, Extra Space has produced enough solar power through the lifespan of our solar program to offset emissions of 291 million pounds of coal being burned. Our commitment to solar energy not only reduces our reliance on grid electricity but also targets strong financial returns demonstrating the powerful synergy between environmental responsibility and shareholder value.
- Extra Space Has Produced Enough Solar Power To Offset 291 Million Pounds Of Coal Being Burned
Energy Efficiency
Extra Space invests in long-term energy efficiency projects, like lighting retrofits, HVAC high-efficiency systems, and solar energy projects. We maintain conservative indoor temperatures and employees keep efficiency top of mind. Our commitment to reducing energy consumption covers our existing properties, acquisitions, and redevelopments. In 2025, Extra Space was able to reduce its energy use per square foot by 5.4% year-over-year showing improvement in efficiency.
We elect not to obtain energy ratings on the majority of our portfolio due to administrative costs associated with these ratings. However, we completed the LEED certification with 1% of the square footage of our portfolio to understand the certification requirements. With those requirements in mind, we monitor our consumption and hold ourselves to a high standard, auditing our energy efficiency and making appropriate updates to the portfolio. Our headquarters is located within a LEED certified building with numerous energy efficient features such as sensor lighting, electric car charging stations, bicycle lockers, and more.
Water Consumption
Self storage properties are low consumers of water and low producers of wastewater by nature. Our properties consume 93% less water than the real estate sector average according to the ULI Greenprint Performance Report. In addition, we do not have a material portion of our portfolio in high baseline water stress areas, and we have negligible risk related to clean water availability, since it is not an essential part of our business. However, we still strive to reduce water consumption where possible through efficient plumbing fixtures and irrigation systems, xeriscaping where permitted, and general water efficiency efforts. This reduction of water usage also reduces water expenses, benefitting all stakeholders.
Waste Reduction & Recycling
We are committed to using recycled materials in the products we sell in stores – including cardboard boxes, packing materials, and the packaging of our locks. We also prioritize diverting materials from landfills to recycling centers and in 2025 we diverted 16.9% of waste to recycling centers.
