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Real Estate - REIT - Industrial - NYSE - US
$ 141.83
-2.11 %
$ 30.1 B
Market Cap
34.21
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 23, 2025.

The intrinsic value of one EXR stock under the worst case scenario is HIDDEN Compared to the current market price of 142 USD, Extra Space Storage Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 23, 2025.

The intrinsic value of one EXR stock under the base case scenario is HIDDEN Compared to the current market price of 142 USD, Extra Space Storage Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 23, 2025.

The intrinsic value of one EXR stock under the best case scenario is HIDDEN Compared to the current market price of 142 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$125.0Nov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 Apr
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%
822 M REVENUE
-0.35%
380 M OPERATING INCOME
25.53%
278 M NET INCOME
36.88%
408 M OPERATING CASH FLOW
-12.83%
-769 M INVESTING CASH FLOW
-582.49%
410 M FINANCING CASH FLOW
219.63%
Balance Sheet Extra Space Storage Inc.
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Current Assets 138 M
Cash & Short-Term Investments 138 M
Receivables 0
Other Current Assets 0
Non-Current Assets 27.2 B
Long-Term Investments 1.63 B
PP&E 740 M
Other Non-Current Assets 24.8 B
5.97 %90.81 %Total Assets$27.3b
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 11.7 B
Other Non-Current Liabilities 539 M
9.74 %83.40 %3.85 %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%
4.74% ROIC
4.74%
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 1.89 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 9.29%
EXR Average Price Target Wall Street Target
172 USD 21.27%
EXR Highest Price Target Wall Street Target
204 USD 43.83%
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
1.62 M USD 2
6-9 MONTHS
3.09 M USD 4
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
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 - 1 week 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 week 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 - 3 weeks 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
State Of REITs: The 'Dark Age' Is Over While the S&P 500 and other major benchmarks entered "correction territory" this month for the first time since 2023, U.S. REITs have meaningfully outperformed the broader equity market since mid-January. The rebound follows a truly forgettable three-year period for REITs dating back to the start of the Fed's rate hiking cycle in which REITs have accumulated 40 percentage-points of underperformance. REITs remain as unloved as ever: The number of publicly listed REITs declined for a fourth-straight year in 2024. As an asset class, REITs are the single-largest "underweight" among institutional investors. seekingalpha.com - 1 month ago
Extra Space Storage: Balancing Company Strength And Industry Weakness Extra Space Storage is a resilient REIT in the self-storage sector, showing long-term growth despite recent industry challenges and a stagnant dividend. The self-storage industry is experiencing consolidation, driven by institutional capital and private equity funds, making it an attractive investment due to its operational efficiency and resilience. EXR has expanded rapidly, doubling its store count since 2021, and maintains a strong balance sheet with investment-grade ratings, positioning it well for future growth. seekingalpha.com - 1 month ago
Losers Of REIT Earnings Season In Part 3 of our Earnings Recap, we present a sector-by-sector breakdown of the Losers of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Commercial Mortgage REITs were the "biggest loser" of REIT earnings season after results showed ongoing problems in the office space and a significant deterioration in multifamily bridge loan performance. Results from Hotel REITs were also disappointing given the record-levels of travel demand, as margin pressures from higher labor costs have taken a sizable bite out of bottom-line profitability. seekingalpha.com - 1 month ago
Extra Space Announces Pricing of $500 Million of 5.400% Senior Notes due 2035 SALT LAKE CITY , March 10, 2025 /PRNewswire/ -- Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP (the "operating partnership"), has priced a public offering of $500 million aggregate principal amount of 5.400% senior notes due 2035 (the "Notes"). The Notes were priced at 99.830% of the principal amount and will mature on June 15, 2035. prnewswire.com - 1 month ago
Extra Space Storage's Store Count Surpasses 4,000 Nationwide EXR surpasses 4,000 stores, solidifying its dominance in self-storage with strategic growth and major acquisitions. zacks.com - 1 month ago
Extra Space Storage Celebrates 4,000 Stores Milestone SALT LAKE CITY , March 5, 2025 /PRNewswire/ -- Extra Space Storage, Inc., (NYSE:EXR) the largest operator of self storage properties in the U.S., announced a significant milestone for the company as they celebrate reaching over 4,000 stores nationwide. Extra Space has more than doubled its store count since 2021. prnewswire.com - 1 month ago
Extra Space Storage Inc. (EXR) Q4 2024 Earnings Call Transcript Extra Space Storage Inc. (NYSE:EXR ) Q4 2024 Earnings Conference Call February 26, 2025 1:00 PM ET Company Participants Jared Conley - Vice President, Investor Relations Joe Margolis - Chief Executive Officer Scott Stubbs - Chief Financial Officer Conference Call Participants Ki Bin Kim - Truist Jeff Spector - BofA Michael Goldsmith - UBS Brendan Lynch - Barclays Ronald Kamdem - Morgan Stanley Todd Thomas - KeyBanc Capital Markets Juan Sanabria - BMO Capital Markets Eric Wolfe - Citi Keegan Carl - Wolfe Research Nick Yulico - Scotiabank Michael Mueller - JPMorgan Salil Mehta - Green Street Jeremy Kuhl - Goldman Sachs Omotayo Okusanya - Deutsche Bank Jon Petersen - Jefferies Operator Good afternoon, ladies and gentlemen, and welcome to the Extra Space Storage Inc. Q4 and 2024 Earnings Conference Call. [Operator Instructions] This call is being recorded on Wednesday, February 26, 2025. seekingalpha.com - 2 months ago
8. Profile Summary

Extra Space Storage Inc. EXR

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COUNTRY US
INDUSTRY REIT - Industrial
MARKET CAP $ 30.1 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. Samrat Sondhi Executive Vice President & Chief Marketing Officer Ms. Gwyn Goodson McNeal J.D. Executive Vice President & Chief Legal Officer Mr. Matthew T. Herrington Executive Vice President & Chief Operating Officer Mr. Jeffrey Norman Senior Vice President of Capital Markets Ms. Grace Kunde Senior Vice President of Accounting & Finance and Corporate Controller Mr. Joseph Daniel Margolis J.D. Chief Executive Officer & Director Mr. Zachary Dickens Executive Vice President & Chief Investment Officer Mr. Noah Springer Executive Vice President and Chief Strategy & Partnership Officer Mr. Timothy Arthurs Senior Vice President of Operations Mr. P. Scott Stubbs CPA Executive Vice President & Chief Financial Officer