Extra Space Storage Inc. (EXR)

NYSE: EXR · Real-Time Price · USD
165.04
-0.47 (-0.28%)
At close: Nov 20, 2024, 4:00 PM
166.91
+1.87 (1.13%)
Pre-market: Nov 21, 2024, 4:58 AM EST
-0.28%
Market Cap 36.41B
Revenue (ttm) 3.31B
Net Income (ttm) 806.89M
Shares Out 220.61M
EPS (ttm) 3.81
PE Ratio 43.30
Forward PE 36.78
Dividend $6.48 (3.93%)
Ex-Dividend Date Sep 16, 2024
Volume 703,808
Open 164.23
Previous Close 165.51
Day's Range 162.26 - 165.56
52-Week Range 125.32 - 184.87
Beta 0.89
Analysts Hold
Price Target 171.50 (+3.91%)
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 December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, D.C. The Company’s stores comprise approximately 2.6 million units and approximately 283.0 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 units... [Read more]

Sector Real Estate
IPO Date Aug 12, 2004
Employees 7,618
Stock Exchange NYSE
Ticker Symbol EXR
Full Company Profile

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 Statements

Analyst Forecast

According to 14 analysts, the average rating for EXR stock is "Hold." The 12-month stock price forecast is $171.5, which is an increase of 3.91% from the latest price.

Price Target
$171.5
(3.91% upside)
Analyst Consensus: Hold
Stock Forecasts

News

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...

13 hours ago - PRNewsWire

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...

5 days ago - PRNewsWire

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...

7 days ago - Seeking Alpha

How I'd Build The Ultimate Dividend Retirement Portfolio Today

Early trading mistakes taught me the value of dividend investing, leading to a portfolio focused on dividend growth stocks for stability and income. Dividend stocks offer consistent growth, reliable c...

Other symbols: ADMAMENBMAINMOOPEP
8 days ago - Seeking Alpha

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...

Other symbols: AMCBOECMECPICELOWNSC
12 days ago - Seeking Alpha

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...

Other symbols: LINEREXR
15 days ago - Seeking Alpha

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...

21 days ago - Seeking Alpha

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...

22 days ago - PRNewsWire

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...

Other symbols: CNQ
6 weeks ago - Seeking Alpha

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...

Other symbols: AMHAVBCPTEQRESSINVHMAA
6 weeks ago - Seeking Alpha

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 ...

Other symbols: AMHAPLEBRXBXEGPFCPTGNL
7 weeks ago - Seeking Alpha

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 ...

2 months ago - PRNewsWire

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...

Other symbols: CMEENBKRPLBNNNOREXR
2 months ago - Seeking Alpha

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.

2 months ago - Benzinga

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...

2 months ago - Seeking Alpha

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...

Other symbols: CTOFRPINEPLD
2 months ago - Seeking Alpha

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...

3 months ago - PRNewsWire

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 ...

3 months ago - PRNewsWire

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...

3 months ago - PRNewsWire

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...

4 months ago - Seeking Alpha

Extra Space Storage: Solid Q2 Results, Buy For REIT Rally

Storage REITs have faced concerns of oversupply and slowdown, but have shown impressive dividend growth in the last 3 years. Extra Space Storage Inc. has demonstrated the fastest dividend growth withi...

4 months ago - Seeking Alpha

Extra Space Storage Inc. Reports 2024 Second Quarter Results

SALT LAKE CITY , July 30, 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...

4 months ago - PRNewsWire

If I Had To Retire Today With 12 REITs

REITs are structured for income investors, obligated to pay out 90% of earnings to shareholders, making them an income-producing vehicle. REITs are undervalued and positioned to do well as the rate cu...

Other symbols: ABRADCAMHAMTAREAVBBXP
4 months ago - Seeking Alpha

Equity REITs: Takeaways From REITWeek 2024

Overall positive outlook for REIT industry with decline in development activity, potential for increased transaction market activity, and well-capitalized REITs poised for growth. Key themes from REIT...

Other symbols: AHRAMHAMTBRXBXPCCICOLD
5 months ago - Seeking Alpha

Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 2nd Quarter 2024 Results

SALT LAKE CITY , June 25, 2024 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three and six months ended June 30, 2024 o...

5 months ago - PRNewsWire