EXR · 8-K · 20260824PR000058

Leadership Transition

Extra Space Storage Inc. · 2026-08-24 · Importance 31 · Surprise 42

Noah Springer, currently President, will become Extra Space Storage’s chief executive officer effective January 1, 2027. Joe Margolis will remain CEO through December 31, 2026, then retire and serve as an adviser to the Board. The Board unanimously approved the transition following a long-term succession-planning process.

Key facts

• Noah Springer, currently President, will become Extra Space Storage Inc.’s CEO effective January 1, 2027. source
• Joe Margolis will retire as CEO at the end of 2026 and serve as an adviser to Extra Space Storage’s Board of Directors. source
• Joe Margolis will continue as CEO through December 31, 2026, working with Noah Springer and the Board on the leadership transition. source
• During Joe Margolis’s tenure, Extra Space acquired Storage Express and merged with Life Storage. source
• The Board unanimously approved the CEO transition following a long-term succession planning process. source
• During Joe Margolis’s CEO tenure, Extra Space grew its store count from 1,400 stores to more than 4,400 stores. source
• During Joe Margolis’s CEO tenure, Extra Space’s rentable space grew from approximately 100 million square feet to more than 340 million square feet. source
• Noah Springer developed, led, and grew the Company’s Management Plus third-party management platform, which has almost 2,000 locations. source