CEO Salary & Executive Compensation
Extra Space Storage EXR
CEO: Joe Margolis · Self-Storage REITs · 5,200 employees
Joe Margolis, CEO of Extra Space Storage (EXR), earned $8.0M in total compensation in 2025. Extra Space Storage receives a Pay-for-Performance grade of A (84/100), with a CEO-to-worker pay ratio of 114:1 and a say-on-pay shareholder approval of 96.6%. The company's 3-year total shareholder return is +27.8%.
How Extra Space Storage CEO Pay Compares
Joe Margolis's $8.0M total compensation is 0% below the Self-Storage REITs industry median of $8.0M. The 114:1 CEO-to-worker pay ratio is 0% lower than the industry average of 114:1. Shareholders broadly support this compensation, with 96.6% approval.
Total compensation for Joe Margolis at Extra Space Storage (EXR) was $8.0M. Mid-cap public-company CEO packages tend to track this pattern — equity-heavy, multi-year vesting, performance-tied.
The CEO-to-median-worker pay ratio runs 114x. Lower ratios typically reflect companies with higher-paid workforces (financial services, technology, professional services) where the median worker pay denominator is itself substantial. Performance has been positive over the three-year window: TSR of 27.8% alongside 14.9% revenue growth. Compensation packages tied to relative TSR or absolute return benchmarks would have vested at or near target levels with this performance profile.
Shareholders ratified the compensation package overwhelmingly: 97% of votes cast supported the company's pay practices at the most recent annual meeting. Say-on-pay support above 95% is typical for well-aligned compensation programs without obvious controversy. Extra Space Storage operates in Self-Storage REITs with 5,200 employees and $3.1B in annual revenue, and currently carries a market capitalization of $33.0B. Pay comparisons across companies require controlling for these structural factors — a $20M package at a $10B-revenue tech company reads differently than the same package at a $1B-revenue industrial.
Source: SEC EDGAR — DEF 14A proxy statements for Extra Space Storage (EXR).
Compensation Breakdown
Joe Margolis's $8.0M total compensation package for fiscal year 2025 includes $800K in base salary, $4.0M in stock awards, $960K in option awards, and $1.2M in bonus and non-equity incentives.
Compensation History
| Year | Salary | Bonus | Stock Awards | Options | Non-Equity | Other | Total |
|---|---|---|---|---|---|---|---|
| 2025 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2024 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2023 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
| 2022 | $800K | - | $4.0M | $960K | $1.2M | $880K | $8.0M |
All compensation data is sourced from SEC DEF 14A proxy filings submitted to EDGAR. The Economic Policy Institute's CEO pay analysis provides additional context on executive compensation trends across industries.
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Peer CEO Compensation
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Joe Margolis, CEO of Extra Space Storage (EXR), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Frequently Asked Questions
Joe Margolis, CEO of Extra Space Storage (EXR), earns $8.0M in total compensation. This includes base salary, stock awards, option awards, and other incentives as reported in the company's most recent DEF 14A proxy statement.
Extra Space Storage has a Pay-for-Performance Score of A (84/100). The company's 3-year total shareholder return is +27.8%, and the say-on-pay shareholder vote passed with 96.6% approval.
The CEO-to-median-worker pay ratio at Extra Space Storage is 114:1. The median worker at Extra Space Storage earns $70K per year, while CEO Joe Margolis earns $8.0M in total compensation.
Extra Space Storage employs approximately 5,200 people. The company operates in the Self-Storage REITs industry within the Real Estate sector, generating $3.1B in annual revenue.