Three publicly traded self-storage real estate investment trusts (REITs) were named on the 2021 list of “America's Best Midsize Employers” by “Forbes” magazine and data-research firm Statista. CubeSmart and Extra Space Storage Inc. were named in the “Business Services & Supplies” category, while Life Storage Inc. was placed in the “Transportation and Logistics” category.
“Forbes” partnered with Statista to identify companies liked best by employees for its annual ranking, which is divided into two lists. One highlights the top 500 large companies with more than 5,000 U.S. employees, while the other showcases the top 500 midsize companies with 1,000 to 5,000 workers. More than 50,000 Americans were surveyed. Participants were asked to give their opinions on topics including work conditions, pay, professional development and company image.
CubeSmart ranked the highest at No. 112. It employs 1,200 people. Based in Malvern, Pa., the REIT owns or manages 1,266 self-storage facilities across the United States. Its operating portfolio comprises 87 million square feet.
“We are proud to be recognized by ‘Forbes’ as a top employer,” said Christopher P. Marr, president and CEO of CubeSmart. “We’re even more proud that teammates’ feedback is what earned us this honor. It shows the value of the culture we’ve built together.”
Extra Space came in at No. 227. It has 2,180 employees. Headquartered in Salt Lake City, the company owns or operates 1,921 self-storage properties in 40 states; Washington, D.C.; and Puerto Rico. Its properties comprise approximately 1.4 million units and 149.2 million square feet of rentable space.
Life Storage ranked No. 390. It employs about 2,000 people. Based in Buffalo, N.Y., Life Storage operates more than 900 self-storage facilities in 31 states and Ontario, Canada. Its portfolio of owned and managed facilities comprises more than 67.7 million square feet.
The top-ranking midsize company on the list was analytics software company Fair Isaac. The California Institute of Technology, Bowling Green State University (main campus), Build-A-Bear Workshop and Gentex rounded out the top five.
Sources:
CubeSmart, CubeSmart Recognized as One of America’s Best Employers by Forbes
Forbes, Amercia’s Best Mid-Sized Employers
