0.53%
3.96%
-4.76%
-2.56%
7.68%
-21.52%
40.52%
AI Spotlight on EXR
Company Description
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, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico.The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space.
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.The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.
Market Data
| Last Price | 155.53 |
| Change Percentage | 0.53% |
| Open | 154.59 |
| Previous Close | 154.71 |
| Market Cap ( Millions) | 32970 |
| Volume | 79727 |
| Year High | 184.87 |
| Year Low | 131.02 |
| M A 50 | 156.39 |
| M A 200 | 159.37 |
Financial Ratios
| FCF Yield | 5.48% |
| Dividend Yield | 4.18% |
| ROE | 5.68% |
| Debt / Equity | 87.32% |
| Net Debt / EBIDTA | 553.07% |
| Price To Book | 2.35 |
| Price Earnings Ratio | 40.67 |
| Price To FCF | 18.24 |
| Price To sales | 10.18 |
| EV / EBITDA | 20.51 |
News
- Jan -29 - 2 Now Or Never REIT Picks For Dividend Investors
- Jan -26 - Morning In America
- Jan -24 - Extra Space Storage Inc. Announces Tax Reporting Information for 2024 Distributions
- Jan -24 - Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 4th Quarter and Year-End 2024 Results
- Jan -20 - Extra Space Storage: Dividend Growth Story
- Jan -18 - Hidden Gems: 2 Must-Buy REITs Right Now
- Jan -16 - Extra Space Announces Pricing of $350 Million Add-On Offering of 5.500% Senior Notes due 2030
- Jan -16 - Extra Space Storage: Time To Store Some More Shares
- Jan -09 - Extra Space Storage upgraded to Sector Perform from Underperform at Scotiabank
- Jan -08 - Is it Wise to Retain Extra Space Storage Stock in Your Portfolio?
- Jan -06 - Top 3 REITs For 2025
- Jan -05 - Ready, Set, REIT: Why 2025 Could Be A Breakout Year
- Jan -01 - Dividends Matter - 3 Of My Favorite Stocks In An Overpriced Market
- Dec -28 - 3 Magnificent S&P 500 Dividend Stocks Down 20% to Buy and Hold Forever
- Dec -26 - 3 REITs To Sell Before 2025
- Dec -22 - 5 Absolutely Best Passive Income Stocks to Buy For 2025
- Dec -19 - State Of REITs: Recession To Recovery In 2025
- Dec -08 - Goldilocks Data Upholds Fed Cut
- Dec -06 - Should Extra Space Storage Stock be Retained in Your Portfolio Now?
- Dec -06 - Escape The 9-5 Grind: 3 Terrific Dividend Stocks To Fuel Your Financial Freedom
Business Breakdown
Expected Mid-Term Growth
Segment nΒ°1 -> Self-Storage Operations
Expected Growth : 6 %
What the company do ?
Self-Storage Operations from Extra Space Storage Inc. provide secure, convenient, and climate-controlled storage units for personal and business use, offering various sizes and amenities.
Why we expect these perspectives ?
Extra Space Storage Inc.'s 6% growth in Self-Storage Operations is driven by increasing demand for storage units, particularly among millennials and baby boomers, as well as strategic acquisitions and expansions. Additionally, the company's focus on technology integration, customer service, and revenue management optimization also contribute to its growth.
Segment nΒ°2 -> Tenant Reinsurance
Expected Growth : 8 %
What the company do ?
Tenant Reinsurance from Extra Space Storage Inc. is a program that protects renters' stored goods against loss or damage, providing financial protection and peace of mind.
Why we expect these perspectives ?
Tenant reinsurance growth at Extra Space Storage Inc. is driven by increasing demand for storage units, rising insurance penetration, and strategic partnerships. Additionally, the company's expanding footprint, improved operational efficiency, and favorable regulatory environment contribute to the 8% growth rate.
Extra Space Storage Inc. Products
| Product Range | What is it ? |
|---|---|
| Self Storage Units | Rentable storage spaces of various sizes to store personal or business items |
| Climate-Controlled Storage | Temperature-regulated storage units to protect sensitive items from extreme temperatures |
| Drive-Up Storage | Ground-level storage units with drive-up access for easy loading and unloading |
| RV and Boat Storage | Secure outdoor storage for recreational vehicles and boats |
| Business Storage Solutions | Customized storage solutions for businesses, including inventory management and logistics support |
| Moving and Packing Supplies | Retail sales of moving boxes, packing materials, and other supplies |
| Storage Insurance | Optional insurance coverage for stored items against damage or loss |
Extra Space Storage Inc.'s Porter Forces
Threat Of Substitutes
Extra Space Storage Inc. has a low threat of substitutes due to the lack of alternative storage options for customers.
Bargaining Power Of Customers
Customers have some bargaining power due to the presence of competitors, but Extra Space Storage Inc.'s strong brand and wide network of locations mitigate this power.
Bargaining Power Of Suppliers
Suppliers have limited bargaining power due to the company's large scale and ability to negotiate favorable terms.
Threat Of New Entrants
The threat of new entrants is moderate due to the capital requirements and regulatory hurdles involved in entering the self-storage industry.
Intensity Of Rivalry
The self-storage industry is highly competitive, with many established players competing for market share, leading to a high intensity of rivalry.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 43.45% |
| Debt Cost | 3.95% |
| Equity Weight | 56.55% |
| Equity Cost | 7.77% |
| WACC | 6.11% |
| Leverage | 76.84% |
Extra Space Storage Inc. : Quality Control
Extra Space Storage Inc. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| VICI | VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' β¦ |
| PSA | Public Storage, a member of the S&P 500 and FT Global 500, is a REIT that primarily acquires, develops, owns and operates self-storage facilities. At September 30, 2020, we had: β¦ |
| SELF | Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible β¦ |
| PLD | Prologis, Inc. is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. As of December 31, 2020, the company owned or had investments in, on β¦ |
| IIPR | Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. β¦ |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
π₯
VICI Properties
A-Score
1-Year Total Return ->
π₯
Innovative Industrial Properties
A-Score
1-Year Total Return ->
π₯
Global Self Storage
A-Score
1-Year Total Return ->
4
Public Storage
A-Score
1-Year Total Return ->
5
Extra Space Storage
A-Score
1-Year Total Return ->
6
