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.
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 |
Metrics to compare | EXR | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipEXRPeersSector | |
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P/E Ratio | 43.2x | 23.3x | 7.4x | |
PEG Ratio | −1.56 | 0.05 | 0.01 | |
Price/Book | 2.5x | 2.0x | 0.9x | |
Price / LTM Sales | 10.5x | 5.9x | 4.0x | |
Upside (Analyst Target) | 5.8% | 22.0% | 16.2% | |
Fair Value Upside | Unlock | −3.8% | 0.1% | Unlock |