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Real Estate - REIT - Industrial - NYSE - US
$ 147.23
-1.45 %
$ 31.2 B
Market Cap
34.16
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one EXR stock under the worst case scenario is HIDDEN Compared to the current market price of 147 USD, Extra Space Storage Inc. is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one EXR stock under the base case scenario is HIDDEN Compared to the current market price of 147 USD, Extra Space Storage Inc. is HIDDEN

This DCF valuation model was last updated on May, 7, 2025.

The intrinsic value of one EXR stock under the best case scenario is HIDDEN Compared to the current market price of 147 USD, Extra Space Storage Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart EXR

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$170.0$170.0$165.0$165.0$160.0$160.0$155.0$155.0$150.0$150.0$145.0$145.0$140.0$140.0$135.0$135.0$130.0$130.0$125.0$125.015 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 AprMay '25May '25
FINANCIALS
3.26 B REVENUE
27.21%
1.32 B OPERATING INCOME
13.09%
900 M NET INCOME
5.85%
1.89 B OPERATING CASH FLOW
34.58%
-1.65 B INVESTING CASH FLOW
9.42%
-202 M FINANCING CASH FLOW
-47.81%
820 M REVENUE
-0.23%
389 M OPERATING INCOME
2.29%
285 M NET INCOME
8.69%
481 M OPERATING CASH FLOW
17.91%
-342 M INVESTING CASH FLOW
55.55%
-160 M FINANCING CASH FLOW
-38.92%
Balance Sheet Extra Space Storage Inc.
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Current Assets 1.66 B
Cash & Short-Term Investments 138 M
Receivables 0
Other Current Assets 1.52 B
Non-Current Assets 27.2 B
Long-Term Investments 1.63 B
PP&E 740 M
Other Non-Current Assets 24.8 B
5.28 %5.66 %86.02 %Total Assets$28.8b
Current Liabilities 1.78 B
Accounts Payable 347 M
Short-Term Debt 1.36 B
Other Current Liabilities 75.3 M
Non-Current Liabilities 12.2 B
Long-Term Debt 11.9 B
Other Non-Current Liabilities 318 M
9.74 %84.97 %Total Liabilities$14.0b
EFFICIENCY
Earnings Waterfall Extra Space Storage Inc.
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Revenue 3.26 B
Cost Of Revenue 905 M
Gross Profit 2.35 B
Operating Expenses 1.03 B
Operating Income 1.32 B
Other Expenses 423 M
Net Income 900 M
4b4b3b3b3b3b2b2b2b2b1b1b500m500m003b(905m)2b(1b)1b(423m)900mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
72.20% GROSS MARGIN
72.20%
40.63% OPERATING MARGIN
40.63%
26.24% NET MARGIN
26.24%
6.13% ROE
6.13%
2.96% ROA
2.96%
4.49% ROIC
4.49%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Extra Space Storage Inc.
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2b2b2b2b2b2b1b1b1b1b1b1b800m800m600m600m400m400m200m200m0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 900 M
Depreciation & Amortization 783 M
Capital Expenditures 0
Stock-Based Compensation 22.9 M
Change in Working Capital 57.8 M
Others 180 M
Free Cash Flow 1.87 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Extra Space Storage Inc.
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Wall Street analysts predict an average 1-year price target for EXR of $172 , with forecasts ranging from a low of $155 to a high of $204 .
EXR Lowest Price Target Wall Street Target
155 USD 5.28%
EXR Average Price Target Wall Street Target
172 USD 16.82%
EXR Highest Price Target Wall Street Target
204 USD 38.56%
Price
Max Price Target
Min Price Target
Average Price Target
210210200200190190180180170170160160150150140140130130120120Jun '24Jun '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
1.09% DIVIDEND YIELD
1.62 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
7.007.006.006.005.005.004.004.003.003.002.002.001.001.000.000.000.470.590.780.780.860.911.51.621.621.620.590.780.780.860.90.911.51.621.620.590.780.780.860.90.91.251.51.010.611.620.592.240.782.930.783.120.863.360.93.560.93.601.254.501.56.001.625.871.625.473.242015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 12
6. Ownership
Insider Ownership Extra Space Storage Inc.
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Sold
0-3 MONTHS
1.4 M USD 4
3-6 MONTHS
1.11 M USD 1
6-9 MONTHS
3.59 M USD 5
9-12 MONTHS
1.24 M USD 2
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Recession? Buy These 2 Dividend Growers While They Are Cheap Despite recession fears and shaky GDP, I'm not panicking. Strong earnings and resilient fundamentals still offer plenty of opportunities for long-term investors. In times of trade turmoil and rising uncertainty, I stick with reliable dividend growers, especially those that shine even when the headlines get ugly. In the second half, I highlight two of my favorite dividend stocks, both thriving despite economic noise, and delivering solid results and strong long-term potential. seekingalpha.com - 2 weeks ago
Extra Space Storage Inc. (EXR) Q1 2025 Earnings Conference Call Transcript Extra Space Storage Inc. (NYSE:EXR ) Q1 2025 Earnings Conference Call April 30, 2025 1:00 PM ET Company Participants Jared Conley - VP, IR Joe Margolis - CEO Scott Stubbs - CFO Conference Call Participants Michael Goldsmith - UBS Samir Khanal - BofA Securities Nick Yulico - Scotiabank AJ Peak - KeyBanc Capital Markets Ronald Kamden - Morgan Stanley Spenser Glimcher - Green Street Eric Wolfe - Citi Juan Sanabria - BMO Capital Markets Brad Heffern - RBC Eric Luebchow - Wells Fargo Caitlin Burrows - Goldman Sachs Michael Griffin - Evercore ISI Ravi Vaidya - Mizuho Ki Bin Kim - Truist Mike Mueller - JP Morgan Brendan Lynch - Barclays Omotayo Okusanya - Deutsche Bank Good afternoon, ladies and gentlemen, and welcome to the Extra Space Storage, Inc. Q1 2025 Earnings Conference Call. At this time, all lines are in a listen-only mode. seekingalpha.com - 2 weeks ago
Extra Space Storage Q1 Core FFO Beats Estimates, Occupancy Grows Y/Y EXR's Q1 results reflect higher revenues year over year, aided by growth in occupancy. However, higher interest expenses marred the performance to an extent. zacks.com - 2 weeks ago
Extra Space Storage (EXR) Reports Q1 Earnings: What Key Metrics Have to Say The headline numbers for Extra Space Storage (EXR) give insight into how the company performed in the quarter ended March 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. zacks.com - 2 weeks ago
Extra Space Storage (EXR) Q1 FFO Surpass Estimates Extra Space Storage (EXR) came out with quarterly funds from operations (FFO) of $2 per share, beating the Zacks Consensus Estimate of $1.96 per share. This compares to FFO of $1.96 per share a year ago. zacks.com - 2 weeks ago
Extra Space Storage Inc. Reports 2025 First Quarter Results SALT LAKE CITY , April 29, 2025 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a constituent of the S&P 500, announced operating results for the three months ended March 31, 2025. Highlights for the three months ended March 31, 2025: Achieved net income attributable to common stockholders of $1.28 per diluted share, representing a 26.7% increase compared to the same period in the prior year. prnewswire.com - 2 weeks ago
Extra Space Storage to Post Q1 Earnings: What Awaits the Stock? EXR's Q1 results are likely to reflect gains from high brand value, a solid presence in key cities and expansionary efforts. zacks.com - 3 weeks ago
Powell On The Hot Seat US equity markets steadied this past week while bond markets rallied as investors parsed a surprisingly solid slate of economic data and a decent start to corporate earnings season. Early week gains were pared following comments from Fed Chair Powell regarding the inflationary impact of tariffs and the reluctance of the Fed to step in to support markets. The hawkish comments sparked a series of blistering critiques by President Trump, accusing the Fed Chair of "playing politics" and posting that his "termination cannot come fast enough." seekingalpha.com - 4 weeks ago
3 Never-Sell Dividend Gems I Expect To Easily Beat The Market Market sentiment flipped fast, as tariffs, recession fears, and shaky data have investors rattled, but I think panic has gone way too far. Despite fear, I'm sticking to my strategy: buy great companies during uncertainty. History shows that's how long-term investors win. I'm revisiting three underappreciated dividend growers I own, built for resilience, loaded with pricing power, and poised to outperform. seekingalpha.com - 1 month ago
REITs Could Be Poised To Outperform Market in an Uncertain Economic Climate, UBS Says Real estate investment trusts (REITs) have outperformed the broader market and could maintain their edge in an uncertain economic environment, UBS analysts said Wednesday. investopedia.com - 1 month ago
Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 1st Quarter 2025 Results SALT LAKE CITY , March 31, 2025 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three months ended March 31, 2025 on Tuesday, April 29, 2025 after the market closes. The Company will host a conference call at 1:00 p.m. prnewswire.com - 1 month ago
Countdown To Tariff Day Ahead of the April 2nd tariff unveiling, US equity markets were under renewed pressure this week on downbeat data showing a further dip in consumer confidence and hotter-than-expected PCE inflation. As a turbulent first quarter wraps up, the updated GDPNow - the Atlanta Fed's closely watched GDP tracking model - forecasts growth of -2.8% overall and -0.5% on a "gold-adjusted basis." Posting weekly declines for the seventh time in the past nine weeks, the S&P 500 finished lower by 1.5% - extending its drawdown to 9.3% from its record-highs. seekingalpha.com - 1 month ago
8. Profile Summary

Extra Space Storage Inc. EXR

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 31.2 B
Dividend Yield 1.09%
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.
Contact 2795 East Cottonwood Parkway, Salt Lake City, UT, 84121 https://www.extraspace.com
IPO Date Aug. 16, 2004
Employees 8012
Officers Mr. Matthew T. Herrington Executive Vice President & Chief Operating Officer Mr. Noah Springer Executive Vice President and Chief Strategy & Partnership Officer Mr. Timothy Arthurs Senior Vice President of Operations Mr. Jeffrey Norman Senior Vice President of Capital Markets Mr. Zachary Dickens Executive Vice President & Chief Investment Officer Mr. Samrat Sondhi Executive Vice President & Chief Marketing Officer Ms. Grace Kunde Senior Vice President of Accounting & Finance and Corporate Controller Ms. Gwyn Goodson McNeal J.D. Executive Vice President & Chief Legal Officer Mr. Joseph Daniel Margolis J.D. Chief Executive Officer & Director Mr. P. Scott Stubbs CPA Executive Vice President & Chief Financial Officer