Extra Space Storage Inc. (EXR)
| Market Cap | 32.43B |
| Revenue (ttm) | 3.31B |
| Net Income (ttm) | 806.89M |
| Shares Out | 220.61M |
| EPS (ttm) | 3.81 |
| PE Ratio | 38.57 |
| Forward PE | 32.87 |
| Dividend | $6.48 (4.41%) |
| Ex-Dividend Date | Dec 16, 2024 |
| Volume | 3,488,604 |
| Open | 144.01 |
| Previous Close | 142.35 |
| Day's Range | 143.56 - 149.48 |
| 52-Week Range | 131.02 - 184.87 |
| Beta | 0.90 |
| Analysts | Hold |
| Price Target | 171.43 (+16.62%) |
| Earnings Date | Oct 29, 2024 |
About EXR
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2024, the Company owned and/or operated 3,862 self-storage stores in 42 states and Washington, D.C. The Company’s stores comprise approximately 2.7 million units and approximately 296.7 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands. The Company offers customers a wide selection of conveniently located and secure storage unit... [Read more]
Financial Performance
In 2023, Extra Space Storage's revenue was $2.62 billion, an increase of 33.04% compared to the previous year's $1.97 billion. Earnings were $801.97 million, a decrease of -6.69%.
Financial StatementsAnalyst Forecast
According to 14 analysts, the average rating for EXR stock is "Hold." The 12-month stock price forecast is $171.43, which is an increase of 16.62% from the latest price.
News
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Property Type Round-Up From REITworld 2024
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Extra Space Announces Pricing of $300 Million Add-On Offering of 5.700% Senior Notes due 2028
SALT LAKE CITY , Dec. 2, 2024 /PRNewswire/ -- Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P...
U-Haul Acquires Former Extra Space Storage Facility in Minneapolis
MINNEAPOLIS--(BUSINESS WIRE)--U-Haul® announced it is serving customers at a fourth retail, moving and storage center in Minneapolis – its 39th Company store in the North Star State. U-Haul Moving & S...
Extra Space Storage Inc. Announces $1 Billion Commercial Paper Note Program
SALT LAKE CITY , Nov. 20, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) a leading owner and operator of self-storage facilities in the United States and a member of the S&P...
Extra Space Storage Inc. Announces 4th Quarter 2024 Dividend
SALT LAKE CITY , Nov. 15, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a fourth quarter 2024 dividend of...
Extra Space Storage: Solid All-Weather Value, Set To Move
Storage REITs have kept pace with the REIT average, with Extra Space Storage showing strong growth and a competitive yield in a high-demand sector. EXR's merger with Life Storage has boosted FFO but i...
How I'd Build The Ultimate Dividend Retirement Portfolio Today
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The Trump Dip - Here's What I'm Buying To Improve My Dividend Portfolio
My portfolio gained significantly post-election, driven by industrial and energy stocks, while REITs and tariff-prone companies faced pressure from rising rates and trade uncertainties. I see value in...
Double-Digit Return Potential: 3 REITs To Boost Your Portfolio
The bond market is acting strangely. Yields are rising despite rate cuts, and credit spreads are tightening. This unusual behavior is causing uncertainty and volatility. REITs, especially those sensit...
Extra Space Storage Inc. (EXR) Q3 2024 Earnings Call Transcript
Extra Space Storage Inc. (NYSE:EXR) Q3 2024 Results Conference Call October 30, 2024 1:00 PM ET Company Participants Jared Conley - Vice President, Investor Relations Joe Margolis - Chief Executive O...
Extra Space Storage Inc. Reports 2024 Third Quarter Results
SALT LAKE CITY , Oct. 29, 2024 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a constituent of t...
Why I'd Trade Millions For Consistent Income: 3 High-Yield Picks You'll Love
In today's volatile market, consistent income from dividend stocks remains a top priority for savvy investors. Choosing high-yield stocks can provide financial stability, making them attractive option...
Assessing The Impact Of Mortgage Rates On REITs
Historically, REITs outperform the S&P 500 after rising interest rates, with recent data showing a 25% return from May to September 2024. Mortgage rates impact REITs differently, with lower rates boos...
Hurricane Helene: REIT Property Damage Report
Hurricane Helene caused significant flooding in Ashville, NC, and Atlanta, GA, impacting numerous REIT-owned properties, but the financial impact on REITs is likely less severe than it appears. REITs ...
Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 3rd Quarter 2024 Results
SALT LAKE CITY , Sept. 24, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three and six months ended Sept 30, 2024 ...
The Fed's Bold Move: Why NOW Is The Time To Load Up On Dividend Stocks
The Fed surprised markets with a 50 basis point rate cut, signaling a focus on economic growth over inflation. Projections show rates falling to 3% in the coming years. Despite sticky inflation, the F...
Self-Storage REITs Analyst Is Bullish On Extra Space Storage, But No Longer Bullish On This Stock
Self-storage real estate investment trusts (REITs), which generate income by leasing storage units to tenants, have become popular among investors seeking stable and consistent returns.
Extra Space, Extra Gains: How Extra Space Storage Is Winning The Dividend Game
I remain bullish on Extra Space Storage due to its strong operational performance, strategic growth through mergers, and consistent dividend payouts, despite industry challenges. EXR's valuation appea...
Assessing Quality Of REIT Earnings
REITs trade on AFFO, but the market often overlooks the quality of AFFO growth, leading to mispricings. AFFO growth sources vary in quality; repeatable sources like rental rate growth are more valuabl...
Extra Space Storage Celebrates 20 Years as a Publicly Traded Company
SALT LAKE CITY , Aug. 19, 2024 /PRNewswire/ -- Extra Space Storage (NYSE: EXR), a leader in the self-storage sector, celebrates its 20th anniversary as a publicly traded company. The company began tra...
Extra Space Storage Inc. Announces 3rd Quarter 2024 Dividend
SALT LAKE CITY , Aug. 19, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a third quarter 2024 dividend of ...
Extra Space Announces Pricing of $400 Million of 5.350% Senior Notes due 2035
SALT LAKE CITY , Aug. 7, 2024 /PRNewswire/ -- Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P...
Extra Space Storage Inc. (EXR) Q2 2024 Earnings Call Transcript
Extra Space Storage Inc. (NYSE:EXR) Q2 2024 Earnings Conference Call July 31, 2024 1:00 PM ET Company Participants Jared Conley - Vice President, Investor Relations Joe Margolis - Chief Executive Off...