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Extra Space Storage Inc EXR Stock Quote

| Rating as of

NYSE: EXR

Last close prices updated as of Jun 02, 2023, 7:00 PM EST | USD | BATS BZX Real-Time Price
  • Last Close 146.05
  • Sector Real Estate
  • Industry REIT - Industrial
  • Investment Style Mid Blend
  • Day Range 143.29  –  146.91
  • Year Range 139.97  –  216.52
  • Market Cap 19.7240 Bil
  • Volume / Avg 828,253.0 /  1.3 Mil
  • Price / Sales 10.46
  • Price / Book 6.06
  • Forward Div Yield 4.44%
  • Trailing Div Yield 5.30%

Morningstar‘s Stock Analysis EXR

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Extra Space Earnings: Solid Same-Store Net Operating Income Growth Offset by Higher Interest Expenses

Suryansh Sharma Equity Analyst

Analyst Note

| Suryansh Sharma |

No-moat-rated Extra Space Storage achieved solid same-store net operating income growth in the first quarter that was offset by higher interest expenses due to rising interest rates. The firm reported core funds from operations, or FFO, of $2.02 per share, 0.5% higher than the $2.01 per share FFO during the first quarter of 2022. The company maintained its 2023 full-year core FFO guidance of $8.30 to $8.60 per share, representing flattish growth at the midpoint when compared with the 2022 core FFO of $8.44. We are maintaining our $177 fair value estimate for the company as we incorporate first-quarter results.

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Key Statistics EXR

Company Profile EXR

Business Description

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 2,300 self-storage properties in 41 states, with over 170 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.

Contact
2795 East Cottonwood Parkway, Suite 300
Salt Lake City, UT, 84121
Industry REIT - Industrial
Employees 4,781

Related Articles EXR

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of EXR’s competitive advantage.

Extra Space Storage Inc

XNYS: EXR

Prologis Inc

XNYS: PLD

Public Storage

XNYS: PSA

Americold Realty Trust Inc

XNYS: COLD
Price
146.05124.92288.3929.80
Currency
USDUSDUSDUSD
Change
+$2.69 (1.88%) +$2.28 (1.86%) +$4.96 (1.75%) +$0.59 (2.02%)
Market Cap
19.72 Bil115.36 Bil50.70 Bil8.05 Bil
Industry
REIT - Industrial REIT - Industrial REIT - Industrial REIT - Industrial
Sector
Real Estate
Real Estate
Real Estate
Real Estate

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Extra Space Storage Inc Stock

Yes. EXR has a forward dividend yield of 4.44%. See EXR’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

EXR’s market cap is 19.72 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

EXR’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

EXR’s price/sales is 10.46.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

EXR’s price/forward earnings is 22.96.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

EXR’s price/book is 6.06.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See EXR’s valuation ratios compared to the Market Index.

EXR’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare EXR’s historical performance against its industry peers and the overall market.