Extra Space Storage Inc

EXR: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$678.00	Ljhd	Mjwqdwgkmr

Strong Demand Should Drive Self-Storage Fundamentals in Near Term; Relaunching EXR with $167 FVE

Suryansh Sharma

Jul 11, 2022

We are relaunching the coverage of Extra Space Storage after taking a fresh look at it. We assign a no-moat rating, a stable moat trend, and an exemplary capital allocation rating to the company. We are decreasing our fair value estimate for Extra Space Storage to $167 per share from $185 per share.

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