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EXR

156.11USD-2.89(-1.82%)Delayedas of 05 Dec 2022, 12:04 pm

Extra Space Storage Inc

Market Summary

USD156.11-2.89Delayedas of 05 Dec 2022, 12:04 pm
-1.82%

EXR Stock Price

RSI Chart

Valuation

Market Cap

23.9B

Price/Earnings

26.82

Price/Sales

13.61

Price/Cashflow

21.19

MarketCap/EBT

25.67

Price/Sales

Profitability

Operating Margin

77.54%

EBT Margin

53.02%

Return on Equity

27.87%

Return on Assets

8.08%

Fundamentals

Revenue

Revenue (TTM)

1.8B

Revenue Y/Y

20.95%

Revenue Q/Q

5.03%

Earnings

Earnings (TTM)

924.9M

Earnings Y/Y

17.23%

Earnings Q/Q

-4.92%

Price Action

52 Week Range

149.78224.95
(Low)(High)

Last 7 days

2.2%

Last 30 days

0.3%

Last 90 days

-20.3%

Trailing 12 Months

-20.8%

Financial Health

Investor Care

Dividend Yield

3.08%

Dividend/Share (TTM)

5.75

Shares Dilution (1Y)

0.02%

Diluted EPS (TTM)

6.89

Peers (Alternatives to Extra Space Storage)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
54.7B
4.0B
4.52% -6.45%
24.01
14.3
23.61% 170.44%
36.1B
5.2B
6.93% -18.34%
14.04
7.05
10.93% 41.97%
29.1B
4.6B
17.64% -31.38%
21.77
6.46
4.35% 106.20%
23.9B
2.5B
7.68% -22.22%
44.1
9.58
24.72% -42.18%
23.7B
2.7B
3.65% -22.62%
20.74
8.86
10.21% 8.14%
13.1B
1.7B
8.55% 0.13%
50.71
7.62
41.60% -73.28%
MID-CAP
7.3B
1.0B
10.36% -10.60%
26.1
7.17
16.50% 74.49%
4.6B
392.5M
9.12% -36.63%
22.95
13.26
-74.80% 441.99%
4.3B
760.3M
15.26% 15.23%
-39.09
6.74
172.75% -1136.68%
2.5B
796.4M
6.39% -39.17%
8.02
3.21
-9.94% -109.68%
2.4B
860.3M
11.48% -28.89%
63.8
2.74
5.87% 46.68%
2.1B
-
0.33% 22.89%
32.23
11.01
- -
SMALL-CAP
1.9B
432.4M
9.20% 0.38%
23.11
4.36
3.91% 1705.32%
1.5B
740.6M
-3.48% -25.18%
538.82
1.96
2.16% 107.41%
1.2B
-
10.74% 8.70%
5
3.44
120.87% 1462.96%

Financials for Extra Space Storage

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Revenue4.9%1,8451,7581,6621,5771,503
Cost Of Revenue5.5%417395380369363
  S&GA Expenses7.0%12111310810299
Earnings Before Taxes3.6%966932859859744
Net Income3.6%925892828828715
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Assets7.3%11,84111,03910,59210,4749,708
    Cash Equivalents48.1%8759667166
  Goodwill0%171171---
Liabilities8.8%7,7717,1466,7146,6896,325
Shareholder's Equity1.5%3,2513,2023,2103,1162,992
  Retained Earnings12.5%-139.25-159.09-127.19-128.24-229.27
  Additional Paid-In Capital0.2%3,3403,3343,3303,2863,284
Shares Outstanding0.0%134134134134134
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q32022Q22022Q12021Q42021Q3
Cashflow From Operations3.7%1,1711,1291,036952917
  Share Based Compensation8.8%2018181718
Cashflow From Investing-31.7%-1,662.00-1,262.27-1,001.51-837.54-1,009.37
Cashflow From Financing251.0%504144-24.64-166.7193
  Dividend Payments4.6%772738671601552
  Buy Backs0%848400
* denotes actual numbers (not divided by Millions)

Risks

What is the probability of a big loss on EXR?

32.7%


Probability that Extra Space Storage stock will be more than 20% underwater in next one year

20%


Probability that Extra Space Storage stock will be more than 30% underwater in next one year.

0%


Probability that Extra Space Storage stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does EXR drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Extra Space Storage was unfortunately bought at previous high price.

Returns

Cumulative Returns on EXR

20.1%


10-Year Cumulative Returns

12.9%


7-Year Cumulative Returns

16.9%


5-Year Cumulative Returns

17.8%


3-Year Cumulative Returns

What are the long-term rolling returns for EXR?

FIve years rolling returns for Extra Space Storage.

Which funds bought or sold EXR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Toroso Investments, LLC
REDUCED
-1.99
-2,000
281,000
0.01%
2022-11-23
Gould Capital, LLC
NEW
-
1,000
1,000
-%
2022-11-23
Eagle Bay Advisors LLC
UNCHANGED
-
-171
7,000
-%
2022-11-23
Invst, LLC
UNCHANGED
-
-67,000
269,000
0.05%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
2,126,000
2,126,000
0.03%
2022-11-22
B. Riley Wealth Advisors, Inc.
NEW
-
315,000
315,000
0.01%
2022-11-22
Seaport Global Advisors, LLC
REDUCED
-7.66
-12,000
181,000
0.74%
2022-11-22
CVA Family Office, LLC
UNCHANGED
-
1,000
16,000
-%
2022-11-22
Capital Impact Advisors, LLC
REDUCED
-33.83
-68,000
137,000
0.14%
2022-11-21
Ninepoint Partners LP
UNCHANGED
-
3,000
228,000
0.03%

1–10 of 45

Latest Funds Activity

Are funds buying EXR calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own EXR

Extra Space Storage News

Seeking Alpha

CubeSmart Stock: A Bargain Near Its 52-Week Low (NYSE:CUBE).2 days ago

EXR Fair Value

Recent SEC filings of Extra Space Storage

View All Filings
Date Filed Form Type Document
Nov 04, 2022
10-Q
Quarterly Report
Nov 01, 2022
8-K
Current Report
Sep 19, 2022
4
Insider Trading
Sep 19, 2022
3
Insider Trading
Sep 16, 2022
8-K
Current Report
Aug 26, 2022
4
Insider Trading

Latest Insider Trading transactions for EXR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-09-15
Shreve Jefferson Scott
ACQUIRED
106,577
186.65
571
-
2022-08-24
Springer William N
GIFTED
-8,516.11
207.71
-41
EVP, Chief S & P Officer
2022-08-10
Stubbs P Scott
GIFTED
-395,684
205.55
-1,925
Executive VP and CFO
2022-07-05
Dickens Zachary T
SOLD (Taxes)
-19,365.9
172.91
-112
EVP, Chief Investment Officer
2022-07-01
Springer William N
ACQUIRED
261,570
174.38
1,500
EVP, Chief S & P Officer
2022-07-01
Dickens Zachary T
ACQUIRED
261,570
174.38
1,500
EVP, Chief Investment Officer
2022-06-02
Herrington Matthew T
SOLD (Taxes)
-13,019.5
178.35
-73
EVP & COO
2022-05-25
Olmstead Diane
ACQUIRED
160,034
172.45
928
-
2022-05-25
Vander Ploeg Julia
ACQUIRED
160,034
172.45
928
-
2022-05-25
Bonner Joseph J
ACQUIRED
160,034
172.45
928
-

1–10 of 50

Joseph D. Margolis
4310
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.

EXR Income Statement

2022-09-30
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:    
Property rental$ 428,787$ 351,355$ 1,216,639$ 976,448
Tenant reinsurance47,86944,258138,093126,211
Management fees and other income22,24616,87962,72047,320
Total revenues498,902412,4921,417,4521,149,979
Expenses:    
Property operations114,57792,794322,371274,316
Tenant reinsurance10,7707,50925,34921,405
Transaction related costs001,4650
General and administrative32,27524,39593,28874,276
Depreciation and amortization71,42361,516208,396179,685
Total expenses229,045186,214650,869549,682
Gain on real estate transactions0014,24963,883
Income from operations269,857226,278780,832664,180
Interest expense(56,245)(39,670)(146,249)(120,605)
Interest income18,12511,72952,17436,871
Income before equity in earnings and dividend income from unconsolidated real estate ventures and income tax expense231,737198,337686,757580,446
Equity in earnings and dividend income from unconsolidated real estate entities11,1498,25530,43623,533
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and purchase of joint venture partner's interest0006,251
Income tax expense(6,760)(6,772)(15,516)(16,330)
Net income236,126199,820701,677593,900
Net income allocated to Preferred Operating Partnership noncontrolling interests(4,454)(3,529)(13,278)(10,647)
Net income allocated to Operating Partnership and other noncontrolling interests(10,953)(8,015)(31,971)(24,031)
Net income attributable to common stockholders$ 220,719$ 188,276$ 656,428$ 559,222
Earnings per common share    
Basic (in dollars per share)$ 1.65$ 1.41$ 4.89$ 4.19
Diluted (in dollars per share)$ 1.65$ 1.40$ 4.89$ 4.19
Weighted average number of shares    
Basic (in shares)133,913,652133,809,750134,094,490133,197,903
Diluted (in shares)141,504,215140,425,269141,567,845139,854,881
Cash dividends paid per common share (in dollars per share)$ 1.50$ 1.25$ 4.50$ 3.25

EXR Balance Sheet

2022-09-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets:  
Real estate assets, net$ 9,877,080$ 8,834,649
Real estate assets - operating lease right-of-use assets226,984227,949
Investments in unconsolidated real estate entities568,691457,326
Investments in debt securities and notes receivable658,663719,187
Cash and cash equivalents86,99171,126
Restricted cash7,3635,068
Other assets, net414,873159,172
Total assets11,840,64510,474,477
Liabilities, Noncontrolling Interests and Equity:  
Notes payable, net1,296,8301,320,755
Unsecured term loans, net2,339,4191,741,926
Unsecured senior notes, net2,757,2852,360,066
Revolving lines of credit600,000535,000
Operating lease liabilities233,832233,356
Cash distributions in unconsolidated real estate ventures66,14163,582
Accounts payable and accrued expenses191,183142,285
Other liabilities286,657291,531
Total liabilities7,771,3476,688,501
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, $0.01 par value, 500,000,000 shares authorized, 133,918,037 and 133,922,305 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively1,3391,339
Additional paid-in capital3,339,9613,285,948
Accumulated other comprehensive income (loss)48,521(42,546)
Accumulated deficit(139,250)(128,245)
Total Extra Space Storage Inc. stockholders' equity3,250,5713,116,496
Noncontrolling interest represented by Preferred Operating Partnership units, net261,494259,110
Noncontrolling interests in Operating Partnership, net and other noncontrolling interests557,233410,370
Total noncontrolling interests and equity4,069,2983,785,976
Total liabilities, noncontrolling interests and equity$ 11,840,645$ 10,474,477