Joseph (Joe) D. Margolis is the CEO of Extra Space Storage, Inc., a company he has led since January 1, 2017. With an impressive background in real estate investment, Margolis co-founded Arsenal Real Estate Funds and previously held senior positions...

Joseph (Joe) D. Margolis is the CEO of Extra Space Storage, Inc., a company he has led since January 1, 2017. With an impressive background in real estate investment, Margolis co-founded Arsenal Real Estate Funds and previously held senior positions at Prudential Real Estate Investors. He is a Harvard College and Columbia Law School graduate, which speaks to his strong educational foundation. Under his leadership, the company has seen substantial growth in its performance metrics, although his total compensation in 2022 was reported at around $11.6 million, reflecting a strategy focused on long-term shareholder value. Margolis has a notable track record in managing portfolio investments and aligning executive pay with performance-based metrics, which means he prioritizes the financial health of the organization. In terms of personal wealth tied to the company, his insider trading activity shows a significant engagement, with stock values fluctuating between $12.73 million and $40.51 million over recent years. These figures highlight his strong commitment to aligning his interests with those of the shareholders, showing he is invested in the company's success.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

5. Other Extra Space Storage CEOs

E

Joseph (Joe) D. Margolis

CEO of Extra Space Storage

Education

Graduate of Harvard College and Columbia University School of Law

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

January 1, 1961 - 64 years ago

CEO of Extra Space Storage for

8 years 3 months (Jan 2017 - Present)

Previous Experience

Chief Investment Officer since July 2015; served as a member of the Company’s board of directors from February 2005 to July 2015.

Rivals

Competitors/colleagues of Joseph (Joe) D. Margolis

C

Christopher P. Marr

CEO of CubeSmart

2023 Compensation

Stock

$0.00

Salary

$884.00K

Bonus

$1.48M

Other

$255.23K

Total Holdings

$36.18M

E

Marshall A. Loeb

CEO of EastGroup Properties

2022 Compensation

Stock

$2.96M

Salary

$745.00K

Bonus

$0.00

Other

$337.65K

Total Holdings

$25.88M

O

Jeremy J. Male

CEO of OUTFRONT Media

2023 Compensation

Stock

$4.00M

Salary

$1.40M

Bonus

$1.05M

Other

$1.26K

Total Holdings

$12.27M

N

Tamara D. Fischer

CEO of National Storage Affiliates

2023 Compensation

Stock

$0.00

Salary

$585.42K

Bonus

$0.00

Other

$13.20K

Total Holdings

$684.54K

P

Hamid R. Moghadam

CEO of Prologis

2023 Compensation

Stock

$41.06M

Salary

$1.00

Bonus

$1.91M

Other

$12.00K

Total Holdings

$125.21M

F

Peter E. Baccile

CEO of First Industrial Realty Trust

2023 Compensation

Stock

$0.00

Salary

$836.00K

Bonus

$1.83M

Other

$31.04K

Total Holdings

$22.16M

Holdings

See how much did Joseph (Joe) D. Margolis make over time.

Joseph (Joe) D. Margolis has substantial holdings in Extra Space Storage, with significant fluctuations in value over the years. In recent months, his holdings have ranged from around $12.73 million to $40.51 million, reflecting a dynamic market and his engagement...

Joseph (Joe) D. Margolis has substantial holdings in Extra Space Storage, with significant fluctuations in value over the years. In recent months, his holdings have ranged from around $12.73 million to $40.51 million, reflecting a dynamic market and his engagement in the company. Notably, in December 2022, his holdings reached a peak value of $36.54 million, showing how closely tied his personal wealth is to the company's performance. As of now, Joseph holds over 233,075 shares, indicating strong confidence in the company's direction. Over previous years, his holdings have seen ups and downs, especially during market swings, which illustrates the inherent risk and reward in a CEO's financial stake in their company. This trend highlights Margolis’s active role in managing not just company operations but also aligning his financial interests with those of shareholders.

Jan 24, 2025

E

shares

EXR @ $152.03

Total Stock Sold

$17.99M

EXR

$17.99M

132,750 EXR shares

What if they kept their stock?

If Joseph (Joe) D. Margolis didn't sell their stock, today they would have:
Extra EXR132,750 shares worth $13.66M.
This is -24.05% and $4.33M less than what they got when they sold the stock.

Charitable Transactions

EXR

276,404 shares

EXR

Recent Charitable Transactions

EXR

103,172 shares

EXR

Mar 11, 2022

Charity

EXR

$11.69M

EXR at $159.57/share

Dec 31, 2021

Charity

EXR

$11.28M

EXR at $112.78/share

Dec 31, 2020

Charity

Insider Trading

See recent insider trades of Joseph (Joe) D. Margolis.

EXR

$4.23M

EXR at $152.56/share

Mar 1, 2025

Received

EXR

$1.11M

EXR at $148.01/share

Jan 2, 2025

Sale

EXR

$1.34M

EXR at $178.52/share

Oct 1, 2024

Sale

EXR

$1.14M

EXR at $152.58/share

Jul 1, 2024

Sale

EXR

$5.68M

EXR at $143.36/share

Mar 1, 2024

Received

EXR

$496.48K

EXR at $118.21/share

Nov 13, 2023

Purchase

EXR

103,172 shares

EXR

Mar 11, 2022

Charity

EXR

103,172 shares

EXR

Mar 11, 2022

Charity

EXR

$800.35K

EXR at $160.07/share

Apr 4, 2023

Sale

EXR

$1.89M

EXR at $163.66/share

Mar 1, 2023

Received

Compensation History

See how much did Joseph (Joe) D. Margolis make over time.

In 2022, CEO Joseph (Joe) D. Margolis earned a total compensation of approximately $11.6 million, which included a base salary of $900,000. His pay structure reflects a strong emphasis on performance-based incentives rather than guaranteed bonuses, with no additional cash bonuses awarded that year. Instead, company loyalty and performance metrics drive his potential compensation. Margolis's focus on performance-based pay aligns with the company's philosophy to create long-term value for shareholders. His previous years show that from 2018 to 2022, his compensation peaked in 2023 at around $12.3 million, driven in part by successful operational performance metrics and stock awards. This pay structure is common in the real estate investment sector and highlights the link between executive performance and company results.

Year

2022

Total Compensation

$1.71M

Salary

$900.00K

Board Justification

The compensation philosophy aligns management incentives with long-term shareholder interests, emphasizing performance-based pay and equity compensation.

Bonus

$0.00

Board Justification

No additional cash bonus was awarded in 2022.

Other

$814.54K

Board Justification

Other compensation includes dividends on restricted stock and other benefits such as health insurance and 401(k) contributions.

Restricted Stock

$0.00(0 PSUs)

Board Justification

No stock grants vested in 2022 as the focus was on performance-based stock units (PSUs) that vest after a three-year performance period.

Performance Metrics

Core FFO per share growth and total stockholder return relative to peers.

Other Extra Space Storage CEOs

Here are other CEOs of Extra Space Storage

Spencer F. Kirk

Ex-CEO of Extra Space Storage

April 2009 - December 2016