Extra Space Storage Inc. (EXR)

NYSE: EXR · Real-Time Price · USD
151.91
+1.31 (0.87%)
Jan 21, 2025, 4:00 PM EST - Market closed
0.87%
Market Cap 33.41B
Revenue (ttm) 3.31B
Net Income (ttm) 806.89M
Shares Out 219.90M
EPS (ttm) 3.81
PE Ratio 39.86
Forward PE 33.88
Dividend $6.48 (4.27%)
Ex-Dividend Date Dec 16, 2024
Volume 804,431
Open 151.11
Previous Close 150.60
Day's Range 150.12 - 153.11
52-Week Range 131.02 - 184.87
Beta 0.92
Analysts Hold
Price Target 171.25 (+12.73%)
Earnings Date Feb 25, 2025

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]

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 12 analysts, the average rating for EXR stock is "Hold." The 12-month stock price forecast is $171.25, which is an increase of 12.73% from the latest price.

Price Target
$171.25
(12.73% upside)
Analyst Consensus: Hold
Stock Forecasts

News

Extra Space Storage: Dividend Growth Story

Extra Space Storage Inc. is a REIT specializing in self-storage operations, including owning, managing, acquiring, and developing self-storage properties. The company also offers tenant insurance and ...

1 day ago - Seeking Alpha

Hidden Gems: 2 Must-Buy REITs Right Now

Some of the best REIT investment opportunities are in Canada. Valuations are lower and so are interest rates. I present 2 hidden gems that we are buying.

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3 days ago - Seeking Alpha

Extra Space Announces Pricing of $350 Million Add-On Offering of 5.500% Senior Notes due 2030

SALT LAKE CITY , Jan. 16, 2025 /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&...

5 days ago - PRNewsWire

Extra Space Storage: Time To Store Some More Shares

Extra Space Storage has underperformed recently, but I believe it offers a reasonable risk/reward ratio and expects growth to resume by 2026 at the latest. The business model is recession-resistant, w...

5 days ago - Seeking Alpha

Top 3 REITs For 2025

Most REITs have surged due to interest rate cuts. But many REITs missed out on this rally and remain undervalued. I present 3 of my Top Picks for 2025.

Other symbols: EPRT
15 days ago - Seeking Alpha

Ready, Set, REIT: Why 2025 Could Be A Breakout Year

The commercial real estate sector, valued at $26 trillion, offers diverse opportunities despite low growth and commoditized assets, with REITs providing accessible and liquid investment options. Risin...

Other symbols: AMTCCIDLREGPEQIXPLDPSA
16 days ago - Seeking Alpha

Dividends Matter - 3 Of My Favorite Stocks In An Overpriced Market

The market's lofty valuations make finding value tricky, but dividend stocks remain a beacon of stability and growth for long-term investors. I've identified three standout dividend stocks offering so...

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20 days ago - Seeking Alpha

3 REITs To Sell Before 2025

REITs have strongly recovered. As a result, some have become overvalued. I highlight 3 REITs to sell before 2025.

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26 days ago - Seeking Alpha

Escape The 9-5 Grind: 3 Terrific Dividend Stocks To Fuel Your Financial Freedom

Many people, especially under 45, are falling behind in retirement savings due to financial crises, student debt, and high living expenses. Investing is crucial to combat inflation and benefit from st...

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6 weeks ago - Seeking Alpha

Property Type Round-Up From REITworld 2024

REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior h...

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7 weeks ago - Seeking Alpha

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...

7 weeks ago - PRNewsWire

Home For The Holidays

U.S. equity markets rebounded this week as investors weighed a relatively strong slate of housing market data and solid retail earnings against heightened geopolitical volatility in Eastern Europe. Fo...

2 months ago - Seeking Alpha

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...

2 months ago - Business Wire

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...

2 months 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...

2 months 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...

2 months 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
2 months 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
2 months 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
2 months 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...

2 months 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...

3 months 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
3 months 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
3 months 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
4 months 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 ...

4 months ago - PRNewsWire