Extra Space Storage (EXR)
(Real Time Quote from BATS)
$133.98 USD
+0.70 (0.53%)
Updated Apr 24, 2024 11:16 AM ET
4-Sell of 5 4
F Value D Growth A Momentum D VGM
Company Summary
Headquartered in Salt Lake City, UT, Extra Space Storage Inc. is a notable name in the self-storage industry. This fully integrated, self-administered and self-managed real estate investment trust (REIT) is engaged in owning, operating, managing, acquiring, and developing and redeveloping self-storage properties. It is a S&P 500 constituent.
Extra Space Storage focuses on consistently growing its business and achieve geographical diversity through accretive acquisitions, mutually beneficial joint venture (JV) partnerships and third-party management services. In July 2023, Extra Space Storage closed its merger with Life Storage, Inc. in an $11.6 billion all-stock ...
Company Summary
Headquartered in Salt Lake City, UT, Extra Space Storage Inc. is a notable name in the self-storage industry. This fully integrated, self-administered and self-managed real estate investment trust (REIT) is engaged in owning, operating, managing, acquiring, and developing and redeveloping self-storage properties. It is a S&P 500 constituent.
Extra Space Storage focuses on consistently growing its business and achieve geographical diversity through accretive acquisitions, mutually beneficial joint venture (JV) partnerships and third-party management services. In July 2023, Extra Space Storage closed its merger with Life Storage, Inc. in an $11.6 billion all-stock transaction, adding more than 1,200 stores to the Extra Space Storage platform.
The move enhanced Extra Space Storage’s scale considerably and diversified its presence further. As of Dec 31, 2023, Extra Space Storage had ownership stakes in or managed 3,714 self-storage stores in 42 states and Washington, D.C. Of these, 1,905 stores (51%) were wholly owned/consolidated and 472 stores (13%) were in JVs. It also managed 1,337 stores (36%). The company has emerged as the largest self-storage management company in the United States.
The company's stores comprised around 2.6 million units and around 283 million rentable square feet of space as of Dec 31, 2023. These stores operate under the Extra Space, Life Storage and Storage Express brands.
Note: All EPS numbers presented in this report represents funds from operation (FFO) per share. FFO, a widely used metric to gauge the performance of REITs, is obtained after adding depreciation and amortization and other non-cash expenses to net income.
General Information
Extra Space Storage Inc
2795 EAST COTTONWOOD PARKWAY SUITE 300
SALT LAKE CITY, UT 84121
Phone: 801-365-4600
Fax: 801-365-4801
Web: http://www.extraspace.com
Email: investorrelations@extraspace.com
| Industry | REIT and Equity Trust - Other |
| Sector | Finance |
| Fiscal Year End | December |
| Last Reported Quarter | 3/31/2024 |
| Earnings Date | 4/30/2024 |
EPS Information
| Current Quarter EPS Consensus Estimate | 1.95 |
| Current Year EPS Consensus Estimate | 8.05 |
| Estimated Long-Term EPS Growth Rate | 5.10 |
| Earnings Date | 4/30/2024 |
Price and Volume Information
| Zacks Rank |  |
| Yesterday's Close | 132.74 |
| 52 Week High | 164.99 |
| 52 Week Low | 101.19 |
| Beta | 0.74 |
| 20 Day Moving Average | 1,030,807.12 |
| Target Price Consensus | 157.44 |
| 4 Week | -5.11 |
| 12 Week | -8.44 |
| YTD | -16.87 |
| 4 Week | -2.38 |
| 12 Week | -12.51 |
| YTD | -21.19 |
| Shares Outstanding (millions) | 211.62 |
| Market Capitalization (millions) | 28,204.76 |
| Short Ratio | NA |
| Last Split Date | NA |
| Dividend Yield | 4.86% |
| Annual Dividend | $6.48 |
| Payout Ratio | 0.80 |
| Change in Payout Ratio | 0.08 |
| Last Dividend Payout / Amount | 3/14/2024 / $1.62 |
Fundamental Ratios
| P/E (F1) | 16.57 |
| Trailing 12 Months | 16.41 |
| PEG Ratio | 3.27 |
| vs. Previous Year | -3.35% |
| vs. Previous Quarter | 0.00% |
| vs. Previous Year | 57.44% |
| vs. Previous Quarter | 6.65% |
| Price/Book | 1.83 |
| Price/Cash Flow | 20.47 |
| Price / Sales | 11.02 |
| 3/31/24 | NA |
| 12/31/23 | 8.34 |
| 9/30/23 | 11.64 |
| 3/31/24 | NA |
| 12/31/23 | 4.09 |
| 9/30/23 | 5.02 |
| 3/31/24 | NA |
| 12/31/23 | 0.30 |
| 9/30/23 | 0.50 |
| 3/31/24 | NA |
| 12/31/23 | 0.30 |
| 9/30/23 | 0.50 |
| 3/31/24 | NA |
| 12/31/23 | 31.81 |
| 9/30/23 | 35.54 |
| 3/31/24 | NA |
| 12/31/23 | 31.81 |
| 9/30/23 | 35.54 |
| 3/31/24 | NA |
| 12/31/23 | 34.06 |
| 9/30/23 | 38.13 |
| 3/31/24 | NA |
| 12/31/23 | 72.96 |
| 9/30/23 | 73.67 |
| 3/31/24 | NA |
| 12/31/23 | NA |
| 9/30/23 | NA |
| 3/31/24 | NA |
| 12/31/23 | 0.71 |
| 9/30/23 | 0.70 |
| 3/31/24 | NA |
| 12/31/23 | 41.68 |
| 9/30/23 | 41.30 |