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Extra Space Storage Inc (EXR)

(Delayed Data from NYSE)

$123.38 USD

123.38
854,206

-1.35 (-0.62%)

Updated Mar 3, 2021 04:02 PM ET

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.41%
2Buy17.88%
3Hold9.48%
4Sell5.03%
5Strong Sell1.87%
S&P50010.70%

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2-Buy of 5   2      

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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F Value D Growth A Momentum F VGM

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 15% (217 out of 254)

Industry: REIT and Equity Trust - Other

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Zacks News

Welltower (WELL) Limits Genesis Ties, Enhances ProMedica JV

While the future deployment of $745 million of Genesis transaction proceeds offers significant value accretion scope for Welltower (WELL), the sale of properties will result in earnings dilution.

Welltower's (WELL) Seniors Housing Occupancy Slips in February

The resurgence of COVID-19 cases in December and January is likely to have resulted in a 220-basis-point occupancy loss for Welltower's (WELL) seniors housing portfolio in February.

Zacks Industry Outlook Highlights: Prologis, Extra Space Storage and Alexandria Real Estate Equities

Zacks Industry Outlook Highlights: Prologis, Extra Space Storage and Alexandria Real Estate Equities

Moumita C. Chattopadhyay headshot

3 Equity REIT Stocks Poised to Escape Pandemic-Led Industry Weakness

While pandemic-induced demand trends and macroeconomic woes are hurting the Zacks REIT and Equity Trust - Other industry's prospects, Prologis (PLD), Extra Space Storage (EXR) and Alexandria Real Estate (ARE) will ride high on solid digital economy, migration trends and life-science asset demand.

SITE Centers (SITC) to Raise $198M From Common Share Offering

SITE Centers (SITC) will use the net proceeds from the 15 million share offering to primarily fund the redemption of its outstanding 6.250% class K cumulative redeemable preferred shares.

Vornado (VNO) Boosts Strength With $525M Loan Refinancing

Vornado (VNO) refinanced a previous $300-million LIBOR plus 1.75% loan with a $525-million LIBOR plus 1.107% one, receiving net proceeds of nearly $105 million.

Lamar (LAMR) Q4 FFO & Revenues Top Estimates, Costs Decline

Lamar's (LAMR) Q4 results reflect higher-than-anticipated revenue number and positive impact of lower operating expenses.

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OUTFRONT Media (OUT) Q4 FFO & Revenues Beat Estimates

While Outfront Media (OUT) registers fall in operating expenses in Q4 and digital billboards returned to growth, lower average revenues per display act as deterrent.

Extra Space Storage (EXR) Beats on Q4 FFO, Issues Upbeat View

Extra Space Storage's (EXR) Q4 results reflect solid average occupancy and higher average rates to existing customers for the quarter.

Factors to Impact Extra Space Storage's (EXR) Q4 Earnings

While Extra Space Storage's (EXR) results will likely reflect gains from high brand value and its solid presence in key cities, new supply in certain markets fueling competition is a concern.

Annaly (NLY) Q4 Earnings Meet Estimates, Book Value Up Q/Q

Annaly's (NLY) fourth-quarter results reflect stable net interest spread, while average yield on interest-earning assets declines.

Equinix (EQIX) Tops on Q4 FFO, Sees Revenue Growth in '21

Equinix (EQIX) registers strong revenue growth across the Americas, EMEA and the Asia Pacific regions. Also, 2021 revenues are projected to grow 10-11% year over year.

Healthpeak (PEAK) Beats Q4 FFO Estimates, Slashes Dividend

High COVID-related expenses hinder bottom-line growth for Healthpeak (PEAK) in the fourth quarter. The company also issues soft guidance for 2021.

Highwoods (HIW) Misses Q4 FFO Estimates, Collects 99.7% Rents

Temporary rent deferrals and occupancy decline limit Highwoods' (HIW) Q4 same-property cash net operating income.

Welltower (WELL) Q4 FFO Tops Estimates, NOI & Revenues Dip

While gains on real estate disposals aid Welltower's (WELL) Q4 performance, continued seniors housing woes, including declining occupancy and high property-level expenses, are spoilsports.

UDR Q4 FFO Meets Estimates, Revenues & Occupancy Decline

Despite decent rent collections, UDR's fourth-quarter 2020 results are affected by higher concessionary activity and physical occupancy erosions in the urban markets.

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Here's Why You Should Hold Onto Extra Space (EXR) Stock Now

While Extra Space's (EXR) high brand value and robust presence in key cities serve as growth drivers, development boom and likely rise in vacate volumes with the pandemic's abatement are concerns.

Innovative Industrial (IIPR) Expands Ties With Holistic Industries

Innovative Industrial's (IIPR) expansion of ties with Holistic Industries for the California property will help the company bank on favorable trends as well as drive top-line growth.

Lamar (LAMR) to Offer $555M Senior Notes, To Repay Debt

Proceeds from Lamar's (LAMR) $555-million senior notes offering will be used to repay debt obligations due in 2026. This is likely to enhance its financial flexibility.

Medical Properties (MPW) Taps Equity Market to Fund Buyout

Medical Properties (MPW) prices offering of 32 million shares at $20.05 per share. Net proceeds will be used to fund the buyout of a portfolio of behavioral healthcare real estate assets in the U.K.

Federal Realty (FRT) Sells Three Non-Core Assets, Repays Debt

Federal Realty (FRT) sells three non-core retail assets for $170 million. Moreover, it enhances its financial flexibility by addressing near-term debt maturities.

Mack-Cali (CLI) Sells Two Residential Assets, Refinances Another

Despite Mack-Cali's (CLI) efforts to enhance the residential portfolio and strengthen financial position with sales and refinancing, pandemic-led residential occupancy declines is concerning.

Is it Wise to Hold On to Mid-America Apartment (MAA) Now?

Though Mid-America Apartment (MAA) is likely to benefit from a diversified portfolio across the Sunbelt region, adverse impact of the pandemic on economy and high supply of rental units are concerns.

Four Corners (FCPT) on a High With 101 Property Buyouts in 2020

Four Corners' (FCPT) acquisitions are part of its efforts to bank on the buyout opportunities and enhance the company's portfolio with real estate catering to restaurant and retail industries.

Why Should You Add Alexandria (ARE) Stock to Your Portfolio?

Alexandria's (ARE) high-quality life-science and lab office properties in desirable markets are driving demand and occupancy levels. Diverse and investment-grade tenants ensure steady cash flow.