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EXR

EXR - Extra Space Storage Inc Stock Price, Fair Value and News

137.31USD-3.38 (-2.40%)Delayed as of 15 Apr 2024, 02:44 pm ET

Market Summary

EXR
USD137.31-3.38
Delayedas of 15 Apr 2024, 02:44 pm
-2.40%

EXR Alerts

  • 1 major insider sales recently.

EXR Stock Price

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EXR RSI Chart

EXR Valuation

Market Cap

29.8B

Price/Earnings (Trailing)

37.04

Price/Sales (Trailing)

11.62

EV/EBITDA

17.85

Price/Free Cashflow

21.22

EXR Price/Sales (Trailing)

EXR Profitability

Operating Margin

76.09%

EBT Margin

31.92%

Return on Equity

5.58%

Return on Assets

2.93%

Free Cashflow Yield

4.71%

EXR Fundamentals

EXR Revenue

Revenue (TTM)

2.6B

Rev. Growth (Yr)

57.44%

Rev. Growth (Qtr)

6.65%

EXR Earnings

Earnings (TTM)

803.2M

Earnings Growth (Yr)

5.81%

Earnings Growth (Qtr)

14.75%

Breaking Down EXR Revenue

52 Week Range

115.20157.92
(Low)(High)

Last 7 days

-3.9%

Last 30 days

-4.9%

Last 90 days

-7.7%

Trailing 12 Months

-11.4%

How does EXR drawdown profile look like?

EXR Financial Health

EXR Investor Care

Dividend Yield

4.61%

Dividend/Share (TTM)

6.48

Shares Dilution (1Y)

56.74%

Diluted EPS (TTM)

4.81

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
20232.0B2.0B2.3B2.6B
20221.7B1.8B1.8B1.9B
20211.4B1.4B1.5B1.6B
20201.3B1.3B1.3B1.4B
20191.2B1.2B1.3B1.3B
20181.1B1.1B1.2B1.2B
20171.0B1.1B1.1B1.1B
2016838.5M896.9M956.6M991.9M
2015667.7M692.9M721.3M782.3M
2014553.9M588.4M624.3M647.2M
2013437.7M469.0M492.3M520.6M
2012346.3M363.2M388.9M409.4M
2011288.4M297.7M309.8M329.8M
2010278.5M278.2M279.1M281.5M
20090275.2M277.7M280.1M
2008000272.7M
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Tracking the Latest Insider Buys and Sells of Extra Space Storage Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Apr 01, 2024
herrington matthew t
sold (taxes)
-23,038
146
-157
evp & coo
Apr 01, 2024
kunde grace
sold (taxes)
-56,935
146
-388
svp accounting and finance
Apr 01, 2024
kunde grace
acquired
195,017
146
1,329
svp accounting and finance
Mar 14, 2024
springer william n
gifted
-
-
-100
evp, chief s & p officer
Mar 08, 2024
mcneal gwyn goodson
sold
-202,500
150
-1,350
evp/chief legal officer
Mar 07, 2024
mcneal gwyn goodson
sold
-195,750
145
-1,350
evp/chief legal officer
Mar 04, 2024
sondhi samrat
acquired
225,724
85.99
2,625
executive vp and cmo
Mar 04, 2024
sondhi samrat
sold
-299,950
146
-2,048
executive vp and cmo
Mar 04, 2024
herrington matthew t
sold
-19,119
142
-134
evp & coo
Mar 01, 2024
mcneal gwyn goodson
acquired
1,046,530
143
7,300
evp/chief legal officer

1–10 of 50

Which funds bought or sold EXR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Apr 11, 2024
Fortitude Family Office, LLC
unchanged
-
-800
8,820
0.01%
Apr 11, 2024
Hummer Financial Advisory Services Inc
unchanged
-
-77,981
859,950
0.71%
Apr 11, 2024
Gulf International Bank (UK) Ltd
added
0.73
-212,000
2,564,000
0.06%
Apr 11, 2024
SALEM INVESTMENT COUNSELORS INC
reduced
-5.6
-21,949
141,267
-%
Apr 11, 2024
CHURCHILL MANAGEMENT Corp
reduced
-2.45
-961,229
8,141,500
0.10%
Apr 10, 2024
Bruce G. Allen Investments, LLC
added
6.61
-927
40,278
0.03%
Apr 10, 2024
Bank of New Hampshire
unchanged
-
-1,840
20,286
-%
Apr 10, 2024
Enterprise Bank & Trust Co
unchanged
-
-52,120
574,770
0.20%
Apr 10, 2024
Fulton Bank, N.A.
reduced
-0.35
-23,609
249,753
0.01%
Apr 10, 2024
Banque Cantonale Vaudoise
sold off
-100
-552,000
-
-%

1–10 of 50

Are Funds Buying or Selling EXR?

Are funds buying EXR calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own EXR
No. of Funds

Unveiling Extra Space Storage Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2024
cohen & steers, inc.
5.01%
10,581,057
SC 13G
Feb 13, 2024
vanguard group inc
15.86%
33,516,009
SC 13G/A
Feb 09, 2024
capital world investors
9.3%
19,727,804
SC 13G/A
Jan 30, 2024
state street corp
6.59%
13,931,254
SC 13G/A
Jan 24, 2024
blackrock inc.
10.1%
21,260,908
SC 13G/A
Apr 10, 2023
capital world investors
10.2%
13,781,744
SC 13G/A
Feb 13, 2023
capital world investors
9.7%
13,057,348
SC 13G
Feb 09, 2023
vanguard group inc
16.67%
22,331,133
SC 13G/A
Feb 03, 2023
state street corp
6.63%
8,872,766
SC 13G/A
Jan 26, 2023
blackrock inc.
10.3%
13,832,596
SC 13G/A

Recent SEC filings of Extra Space Storage Inc

View All Filings
Date Filed Form Type Document
Apr 05, 2024
8-K
Current Report
Apr 05, 2024
DEFA14A
DEFA14A
Apr 05, 2024
S-3ASR
S-3ASR
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
4
Insider Trading
Apr 03, 2024
ARS
ARS
Apr 03, 2024
DEF 14A
DEF 14A
Apr 03, 2024
DEFA14A
DEFA14A
Mar 18, 2024
4
Insider Trading
Mar 11, 2024
4
Insider Trading

Peers (Alternatives to Extra Space Storage Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
83.5B
11.1B
-11.48% -15.03%
61.1
7.5
4.04% -19.43%
42.0B
7.0B
-12.14% -27.78%
27.97
6.02
-0.07% -10.36%
26.1B
2.8B
-1.30% 8.08%
28.11
9.43
6.73% -18.30%
20.9B
2.9B
-2.72% 1.88%
202.02
7.26
11.46% -80.13%
12.9B
1.6B
-3.53% 8.82%
29.78
8.01
7.80% 39.39%
10.8B
1.3B
-3.51% -2.52%
29.61
8.16
8.04% -24.50%
9.5B
3.3B
-5.70% 17.26%
50.01
2.91
5.31% -77.32%
MID-CAP
8.3B
1.1B
-1.43% 2.71%
34.93
7.31
5.38% -38.52%
3.5B
884.1M
-1.95% 64.15%
-12.66
3.92
2.90% -314.82%
3.3B
899.4M
0.04% 128.70%
-5.88
3.69
-0.45% -623.11%
SMALL-CAP
1.3B
441.2M
-2.21% 17.16%
19.54
2.87
4.38% 15.77%
1.2B
198.2M
6.59% 5.20%
-7.45
5.91
-43.33% -270.70%
1.1B
605.6M
-6.29% 6.24%
13.65
1.81
25.53% 134.62%
637.7M
258.7M
-4.51% -31.00%
-13.1
2.47
0.11% 83.70%
410.5M
277.9M
-9.22% -18.32%
-25.88
1.48
44.33% 96.06%

Extra Space Storage Inc News

Latest updates
MarketWatch12 Apr 202409:02 pm
Yahoo Finance02 Apr 202407:00 am
Zacks Investment Research13 Mar 202407:00 am

Extra Space Storage Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Quarterly)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Revenue6.6%798748511503507499475444427412379359353343327332336338324312307
Cost Of Revenue5.3%19518511511711311510410494.0093.0089.0092.0089.0092.0089.0090.0088.0089.0081.0079.0072.00
Costs and Expenses3.6%464448238240237229214208192186182182176180177175171175166163151
  S&GA Expenses5.3%39.0037.0035.0035.0036.0032.0031.0030.0028.0024.0026.0024.0024.0024.0025.0023.0021.0023.0023.0023.0018.00
EBITDA Margin0.0%0.65*0.65*0.71*0.72*0.72*0.76*0.77*0.76*0.79*0.75*0.73*0.72*---------
Interest Expenses129.4%13157.0072.0079.0059.0055.0039.0043.0035.0041.0031.0045.0040.0038.0041.0041.0036.0047.0047.0045.0029.00
Income Taxes-37.8%4.007.006.004.005.007.006.003.004.007.005.004.004.005.003.002.003.004.003.002.003.00
Earnings Before Taxes13.0%215191208203214232243212279198169213163123109113120117112101109
EBT Margin-11.2%0.32*0.36*0.42*0.45*0.47*0.52*0.53*0.52*0.54*0.49*0.47*0.44*---------
Net Income14.8%216188202196204221232204257188179216148115111116112108113102101
Net Income Margin-10.0%0.31*0.35*0.41*0.43*0.45*0.50*0.50*0.50*0.53*0.49*0.46*0.43*---------
Free Cashflow-10.8%365408348282290308353287223266260204---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Assets-0.6%27,45627,62612,36512,13312,16711,84111,03910,59210,4749,7089,4639,3379,3968,7618,5308,5498,5328,3188,3918,1337,848
    Cash Equivalents-54.2%99.0021651.0048.0093.0087.0059.0066.0071.0081.0060.0063.0010981.0062.0098.0066.0067.0056.0047.0073.00
Liabilities-0.1%12,04212,0598,3308,1008,0897,7717,1466,7146,6896,3256,1026,0226,4605,9935,7845,7755,6115,4105,5625,3595,063
  Long Term Debt--------------575573571570568566564562
Shareholder's Equity-1.0%14,39114,5374,0354,0333,2604,0693,8933,8783,7863,3833,3613,3152,9362,7682,7462,7752,9222,9082,8292,7742,785
  Retained Earnings-49.9%-379-252-175-159-135-139-159-127-128-229-250-284-354-392-391-362-301-296-288-277-262
  Additional Paid-In Capital0.1%14,75014,7433,3833,3763,3453,3403,3343,3303,2863,2843,2893,2823,0002,8902,8852,8732,8692,8622,7572,6492,641
Shares Outstanding0.0%211211135135134134134134133134134132---------
Float---19,344---22,431---21,459---11,638---13,215--
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q4
Cashflow From Operations-10.8%364,515408,432347,878281,649290,118307,634352,922287,465223,168265,580259,808203,880187,965191,194202,817189,256163,220181,059194,068169,339148,768
  Share Based Compensation3.0%7,2056,9946,9405,4995,9555,6445,2454,5424,6564,0124,9833,6524,9653,4524,8842,9803,0643,0353,9982,9542,721
Cashflow From Investing85.7%-182,204-1,278,466-271,247-86,339-406,205-672,226-448,656-121,372-419,748-272,490-187,89742,595-591,582-251,977-51,295-60,573-265,25384,052-193,454-246,975-126,869
Cashflow From Financing-128.9%-300,3491,040,242-74,160-242,603119,468388,78093,234-169,621191,49328,442-74,957-311,689451,05279,606-187,701-101,486106,051-254,0408,20251,774-15,792
  Dividend Payments29.0%342,272265,286218,795219,988200,882200,878201,024202,527167,403167,274133,777132,540118,065116,185116,318117,197116,579116,440115,572109,523109,299
  Buy Backs-------63,008------54.0015,61552,204-----31,251

EXR Income Statement

2023-12-31
Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenues:   
Property rental$ 2,222,578$ 1,654,735$ 1,340,990
Tenant reinsurance235,680185,531170,108
Management fees and other income101,98683,90466,264
Total revenues2,560,2441,924,1701,577,362
Expenses:   
Property operations612,036435,342368,608
Tenant reinsurance58,87433,56029,488
Transaction costs01,5480
Life Storage Merger transition costs66,73200
General and administrative146,408129,251102,194
Depreciation and amortization506,053288,316241,879
Total expenses1,390,103888,017742,169
Gain on real estate transactions014,249140,760
Income from operations1,170,1411,050,402975,953
Interest expense(419,035)(219,171)(166,183)
Non-cash interest expense related to amortization of discount on Life Storage unsecured senior notes(18,786)00
Interest income84,85769,42249,703
Income before equity in earnings and dividend income from unconsolidated real estate entities and income tax expense817,177900,653859,473
Equity in earnings and dividend income from unconsolidated real estate entities54,83541,42832,358
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets006,251
Income tax expense(21,559)(20,925)(20,324)
Net income850,453921,156877,758
Net income allocated to Preferred Operating Partnership noncontrolling interests(9,011)(17,623)(14,697)
Net income allocated to Operating Partnership and other noncontrolling interests(38,244)(42,845)(35,412)
Net income attributable to common stockholders$ 803,198$ 860,688$ 827,649
Earnings per common share   
Basic (in dollars per share)$ 4.74$ 6.41$ 6.20
Diluted (in dollars per share)$ 4.74$ 6.41$ 6.19
Weighted average number of shares   
Basic (in shares)169,216,989134,050,815133,374,938
Diluted (in shares)169,220,882141,681,388140,016,028

EXR Balance Sheet

2023-12-31
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets:  
Real estate assets, net$ 24,555,873$ 9,997,978
Real estate assets - operating lease right-of-use assets227,241221,725
Investments in unconsolidated real estate entities1,071,617582,412
Investments in debt securities and notes receivable904,769858,049
Cash and cash equivalents99,06292,868
Other assets, net597,700414,426
Total assets27,456,26212,167,458
Liabilities, Noncontrolling Interests and Equity:  
Notes payable, net1,273,5491,288,555
Unsecured term loans, net2,650,5812,340,116
Unsecured senior notes, net6,410,6182,757,791
Revolving lines of credit682,000945,000
Operating lease liabilities236,515229,035
Cash distributions in unconsolidated real estate ventures71,06967,352
Accounts payable and accrued expenses334,518171,680
Other liabilities383,463289,655
Total liabilities12,042,3138,089,184
Commitments and contingencies
Extra Space Storage Inc. stockholders' equity:  
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued or outstanding00
Common stock, $0.01 par value, 500,000,000 shares authorized, 211,278,803 and 133,921,020 shares issued and outstanding at December 31, 2023 and 2022, respectively2,1131,339
Additional paid-in capital14,750,3883,345,332
Accumulated other comprehensive income17,43548,798
Accumulated deficit(379,015)(135,872)
Total Extra Space Storage Inc. stockholders' equity14,390,9213,259,597
Noncontrolling interest represented by Preferred Operating Partnership units, net222,360261,502
Noncontrolling interests in Operating Partnership, net and other noncontrolling interests800,668557,175
Total noncontrolling interests and equity15,413,9494,078,274
Total liabilities, noncontrolling interests and equity$ 27,456,262$ 12,167,458
EXR
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 June 30, 2023, the Company owned and/or operated 2,438 self-storage stores in 41 states and Washington, D.C. The Company's stores comprise approximately 1.7 million units and approximately 184.0 million square feet of rentable space. With the completed Life Storage Merger on July 20, 2023, Extra Space currently has over 3,500 locations under the Extra Space, Life Storage and Storage Express brands, and it is the largest operator of self-storage properties in the United States. 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.
 CEO
 WEBSITEextraspace.com
 INDUSTRYREIT Mortgage
 EMPLOYEES4781

Extra Space Storage Inc Frequently Asked Questions


What is the ticker symbol for Extra Space Storage Inc? What does EXR stand for in stocks?

EXR is the stock ticker symbol of Extra Space Storage Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Extra Space Storage Inc (EXR)?

As of Fri Apr 12 2024, market cap of Extra Space Storage Inc is 29.75 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of EXR stock?

You can check EXR's fair value in chart for subscribers.

What is the fair value of EXR stock?

You can check EXR's fair value in chart for subscribers. The fair value of Extra Space Storage Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Extra Space Storage Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for EXR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Extra Space Storage Inc a good stock to buy?

The fair value guage provides a quick view whether EXR is over valued or under valued. Whether Extra Space Storage Inc is cheap or expensive depends on the assumptions which impact Extra Space Storage Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for EXR.

What is Extra Space Storage Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 12 2024, EXR's PE ratio (Price to Earnings) is 37.04 and Price to Sales (PS) ratio is 11.62. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. EXR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Extra Space Storage Inc's stock?

In the past 10 years, Extra Space Storage Inc has provided 0.142 (multiply by 100 for percentage) rate of return.