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Extra Space Storage Inc (EXR)

NYSE
Currency in USD
164.51
+0.97(+0.59%)
Closed
Pre Market
163.53-0.98(-0.60%)
EXR Scorecard
Full Analysis
Has raised its dividend for 14 consecutive years
Fair Value
Day's Range
162.65165.46
52 wk Range
131.02184.87
Key Statistics
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Prev. Close
164.51
Open
164.09
Day's Range
162.65-165.46
52 wk Range
131.02-184.87
Volume
997.77K
Average Volume (3m)
974.79K
1-Year Change
18.63%
Book Value / Share
66.11
Fair Value
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Fair Value Upside
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EXR Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
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Price Target
174.22
Upside
+5.90%
Members' Sentiments
Bearish
Bullish
ProTips
4 analysts have revised their earnings downwards for the upcoming period
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Extra Space Storage Inc Company Profile

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 across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.

Extra Space Storage Inc SWOT Analysis


Industry Dynamics
Explore how Extra Space Storage navigates fierce competition and economic headwinds in the self-storage sector, with potential improvements on the horizon for 2025
Financial Resilience
EXR surpasses Q2 earnings expectations, raising full-year guidance despite challenges. Analysts set price targets ranging from $158 to $180
Strategic Positioning
Delve into EXR's role as the largest third-party storage manager, examining the advantages and limitations of its expanded scale post-merge
Future Prospects
Learn about EXR's conservative approach to 2024 revenue guidance and how pent-up housing demand and interest rate changes could shape its long-term success
Read full SWOT analysis
EXR Full Pro Research
Institutional-Grade Stock Analysis
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Extra Space Storage Inc Earnings Call Summary for Q4/2024

  • Extra Space Storage raised full-year FFO guidance to $8/share, driven by strong Q3 performance with 94.3% same-store occupancy
  • Hurricane Milton caused $10M+ in damages but increased rental activity; 63 third-party managed stores added in Q3
  • $334M deployed in acquisitions YTD; company targets $100M in synergies from Life Storage merger
  • Shift to single brand strategy expected to reduce marketing costs, including $10M annual savings in paid search
  • Revenue guidance for LSI portfolio cut due to weak market conditions; new customer rates declined 9% YoY
Last Updated: 10/31/2024, 07:48 PM
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Compare EXR to Peers and Sector

Metrics to compare
EXR
Peers
Sector
Relationship
P/E Ratio
43.2x23.3x7.4x
PEG Ratio
−1.560.050.01
Price/Book
2.5x2.0x0.9x
Price / LTM Sales
10.5x5.9x4.0x
Upside (Analyst Target)
5.8%22.0%16.2%
Fair Value Upside
Unlock−3.8%0.1%Unlock

Analysts' Recommendations

6 Buy
11 Hold
2 Sell
Ratings:
18 analysts
Overall Consensus
Neutral

Analysts 12-Month Price Target:

Average 174.22

(+5.90% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 3.81
Dividend Yield
3.94%
Industry Median 5.09%
Annualized payout
6.4800
Paid quarterly
5-Years Growth
+12.98%
Growth Streak

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FAQ

What Is the Extra Space Storage (EXR) Stock Price Today?

The Extra Space Storage stock price today is 164.51

What Stock Exchange Does Extra Space Storage Trade On?

Extra Space Storage is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Extra Space Storage?

The stock symbol for Extra Space Storage is "EXR."

Does Extra Space Storage Pay Dividends? What’s The Current Dividend Yield?

The Extra Space Storage dividend yield is 3.94%.

What Is the Extra Space Storage Market Cap?

As of today, Extra Space Storage market cap is 34.76B.

What is Extra Space Storage Earnings Per Share?

The Extra Space Storage EPS is 3.81.

What Is the Next Extra Space Storage Earnings Date?

Extra Space Storage will release its next earnings report on Feb 18, 2025.

From a Technical Analysis Perspective, Is EXR a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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