Extra Space Storage Announces Promotion of Noah Springer to President

Rhea-AI Summary

Extra Space Storage (NYSE:EXR) promoted Noah Springer to President, effective January 5, 2026. Springer moves from Executive Vice President, Chief Strategy and Partnership Officer, and will now also oversee the Company's operations function.

Springer has worked at the company since 2006, served on senior management since 2014 and the executive team since 2020, and previously led the third-party management platform Management Plus, now operating over 1,800 locations. The company said Springer has overseen asset management, construction, human resources and third-party management.

Company leaders, including Springer, will present at the KeyBanc Self Storage Investor Forum in New York on January 8, 2026.

Positive

• Noah Springer promoted to President effective Jan 5, 2026
• Operations function now reports to President Springer
• Management Plus platform operates over 1,800 locations
• Springer on senior management since 2014, executive team since 2020

Negative

• None.

News Market Reaction

+3.33%

1 alert

+3.33% News Effect

On the day this news was published, EXR gained 3.33%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SALT LAKE CITY, Jan. 5, 2026 /PRNewswire/ -- Extra Space Storage Inc. (NYSE:EXR) (the "Company") announced today that the Board of Directors of Extra Space Storage has promoted Noah Springer, the Company's current Executive Vice President, Chief Strategy and Partnership Officer, to President, effective January 5, 2026. Mr. Springer currently is responsible for the Company's third-party management program, joint ventures, human resources department and other strategic initiatives. With Mr. Springer's promotion to President, the Company's operations function will also report to Mr. Springer.

"Noah has been an exceptional leader and a significant contributor to our Company's strategy, growth and culture for nearly 20 years," commented Joe Margolis, Chief Executive Officer. "Noah brings a deep understanding of storage operations, structured transactions and employee engagement. His vision, creativity and leadership have helped Extra Space Storage become a high performing large cap REIT, and I am confident he is ready for additional responsibilities in the Company." 

Mr. Springer joined Extra Space Storage in 2006 after several years in the banking industry. During his time at the Company, he has served in various roles in acquisitions, asset management and third-party management. Mr. Springer helped develop, lead and grow the Company's third-party management platform, Management Plus, which today is the storage sector's largest third-party management platform with over 1,800 locations. In addition, Mr. Springer has overseen the Company's asset management, construction, and human resources departments. Mr. Springer has been a member of the Company's senior management team since 2014, and a member of the Company's executive team since 2020. Mr. Springer holds a B.A. in Finance and an M.B.A. from the University of Utah.

The Extra Space Storage team, including Mr. Margolis, Mr. Springer, and Zach Dickens, EVP and Chief Investment Officer, will be attending and presenting at the KeyBanc Capital Markets Self Storage Investor Forum in New York, NY on January 8^th, 2026.

About Extra Space Storage Inc.:

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500. As of September 30, 2025, the Company owned and/or operated 4,238 self-storage properties, which comprise approximately 2.9 million units and approximately 326.9 million square feet of rentable storage space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.

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SOURCE Extra Space Storage Inc.

FAQ

Who is Noah Springer and what is his new role at Extra Space Storage (EXR)?

Noah Springer was promoted to President of Extra Space Storage (EXR), effective January 5, 2026.

What responsibilities will Noah Springer take on as President of EXR?

Springer will lead strategy, partnerships, third-party management and the Company's operations function.

How long has Noah Springer worked at Extra Space Storage (EXR)?

Springer joined Extra Space Storage in 2006 and has been on senior management since 2014.

What is Management Plus and how large is it for EXR (NYSE:EXR)?

Management Plus is EXR's third-party management platform and operates over 1,800 locations.

Will Extra Space Storage executives present at any investor events after the promotion?

Yes — company executives, including Noah Springer, will present at the KeyBanc Self Storage Investor Forum on January 8, 2026.