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Morningstar•February 24, 2021
Morningstar•February 24, 2021Extra Space Storage Inc.: Self-Storage Finally Shows Vaunted Countercyclicality After Struggles at the Outset of the Pandemic
Summary
Extra Space Storage owns, operates, and manages more than 1,800 self-storage properties in 38 states, with over 100 million net rentable square feet of storage space. Of these properties, the majority are wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Spac
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Analyst Profile
Yousuf Hafuda
Equity AnalystYousuf Hafuda is an equity analyst on the financials team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc.Before joining Morningstar in 2016, Hafuda was a member of the Grinnell College debate team and comanaged a portion of Grinnell’s endowment as a member of the Student Endowment Investment Group (SEIG). Upon joining Morningstar, Hafuda was a member of the Morningstar Managed Portfolios support team before transitioning to his current role in July 2017.Hafuda holds a bachelor’s degree in political science from Grinnell College.