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Extra Space Storage Inc Stock Research

EXR

120.51USD-0.26(-0.22%)Market Closed
Watchlist

Market Summary

USD120.51-0.26
Market Closed
-0.22%

EXR Alerts

  • 1 major insider sales recently.

EXR Stock Price

EXR RSI Chart

EXR Valuation

Market Cap

16.3B

Price/Earnings (Trailing)

19.76

Price/Sales (Trailing)

8.06

EV/EBITDA

11.37

Price/Free Cashflow

13.26

EXR Price/Sales (Trailing)

EXR Profitability

Operating Margin

77.37%

EBT Margin

44.96%

Return on Equity

26.71%

Return on Assets

7.16%

Free Cashflow Yield

7.54%

EXR Fundamentals

EXR Revenue

Revenue (TTM)

2.0B

Revenue Y/Y

7.66%

Revenue Q/Q

1.66%

EXR Earnings

Earnings (TTM)

823.7M

Earnings Y/Y

-12.8%

Earnings Q/Q

3.11%

Price Action

52 Week Range

119.90180.76
(Low)(High)

Last 7 days

-5.5%

Last 30 days

-6.2%

Last 90 days

-18.6%

Trailing 12 Months

-27.8%

EXR Financial Health

EXR Investor Care

Dividend Yield

5.18%

Dividend/Share (TTM)

6.24

Shares Dilution (1Y)

0.65%

Diluted EPS (TTM)

6.13

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for EXR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-08
Margolis Joseph D
gifted
-
-
10,600
chief executive officer
2023-09-08
Margolis Joseph D
gifted
-
-
-20,200
chief executive officer
2023-09-08
Margolis Joseph D
gifted
-
-
9,600
chief executive officer
2023-09-06
Bonner Joseph J
sold
-120,112
125
-956
-
2023-07-20
Harnett Sue
acquired
-
-
2,832
-
2023-07-20
Barberio Mark G
acquired
-
-
8,055
-
2023-07-20
Barberio Mark G
acquired
-
-
12,504
-
2023-07-20
Saffire Joseph
acquired
-
-
96,074
-
2023-07-20
Dickens Zachary T
acquired
-
-
80.00
evp, chief investment officer
2023-07-20
Barberio Mark G
acquired
-
-
604
-

1–10 of 50

Which funds bought or sold EXR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-20
BARCLAYS PLC
added
84.75
14,591,000
35,807,000
0.02%
2023-09-12
Farther Finance Advisors, LLC
added
11.63
416
21,434
-%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
sold off
-100
-16,293
-
-%
2023-09-05
Delos Wealth Advisors, LLC
unchanged
-
-633
6,699
0.01%
2023-08-25
Gould Capital, LLC
unchanged
-
-774
8,187
0.01%
2023-08-24
Alberta Investment Management Corp
unchanged
-
-46,464
491,205
-%
2023-08-23
WOLVERINE TRADING, LLC
added
18.51
112,199
1,188,200
-%
2023-08-23
CTC Alternative Strategies, Ltd.
new
-
241,881
241,881
0.30%
2023-08-22
VIRGINIA RETIREMENT SYSTEMS ET AL
reduced
-11.02
-746,995
3,246,420
0.03%
2023-08-22
Asset Dedication, LLC
unchanged
-
-
1,000
-%

1–10 of 48

Latest Funds Activity

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

Schedule 13G FIlings of Extra Space Storage

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Jan 20, 2023
blackrock inc.
10.3%
13,832,596
SC 13G
Feb 14, 2022
cohen & steers, inc.
4.40%
5,884,627
SC 13G/A
Feb 11, 2022
state street corp
6.36%
8,513,712
SC 13G/A
Jan 28, 2022
blackrock inc.
11.3%
15,153,217
SC 13G/A
Feb 16, 2021
cohen & steers, inc.
7.30%
9,432,050
SC 13G/A

Recent SEC filings of Extra Space Storage

View All Filings
Date Filed Form Type Document
Sep 22, 2023
4
Insider Trading
Sep 12, 2023
4
Insider Trading
Sep 07, 2023
4
Insider Trading
Sep 06, 2023
144
Notice of Insider Sale Intent
Aug 18, 2023
8-K
Current Report
Aug 18, 2023
S-3ASR
S-3ASR
Aug 09, 2023
10-Q
Quarterly Report
Aug 03, 2023
8-K
Current Report
Jul 25, 2023
8-K
Current Report
Jul 21, 2023
4
Insider Trading

EXR Fair Value

Loading...

Peers (Alternatives to Extra Space Storage)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
48.1B
4.4B
-0.64% -17.74%
11.24
10.95
14.80% 87.79%
35.0B
5.1B
-8.11% 22.29%
81.71
6.82
13.73% -68.04%
22.2B
2.0B
-9.49% -11.00%
26.58
10.98
-22.97% -33.54%
20.0B
2.7B
-14.58% -27.70%
26.64
7.46
15.16% 88.51%
10.8B
1.8B
-6.82% -3.69%
26.8
6.16
6.75% -42.80%
MID-CAP
7.4B
1.1B
-7.68% 2.83%
19.01
6.66
8.31% 38.10%
4.7B
820.5M
-3.34% 28.29%
167.43
5.73
29.95% 125.56%
4.2B
1.8B
-6.02% -2.98%
-11.19
2.28
5.60% -286.96%
2.4B
866.2M
-3.18% 43.93%
-27.13
2.73
0.51% -335.26%
SMALL-CAP
2.4B
426.3M
-2.17% 66.62%
25.04
5.56
1.38% 137.97%
2.3B
882.0M
-3.99% -0.85%
-5.25
2.63
11.76% -239.94%
986.6M
732.3M
-8.47% -24.04%
-11.58
1.35
-0.03% -4012.90%
967.3M
339.3M
-14.59% -6.66%
-5.47
2.85
88.48% -168.70%

Extra Space Storage News

Nasdaq
Goldman Sachs Reiterates Extra Space Storage (EXR) Buy ....
Nasdaq,
4 hours ago
InvestorPlace

Returns for EXR

Cumulative Returns on EXR

13.5%


10-Year Cumulative Returns

8.8%


7-Year Cumulative Returns

9.5%


5-Year Cumulative Returns

6.4%


3-Year Cumulative Returns

Risks for EXR

What is the probability of a big loss on EXR?

49.2%


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

36.1%


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

0.8%


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.

Drawdowns

Financials for Extra Space Storage

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue1.8%2,0201,9841,9241,8451,7581,6621,5771,5031,4341,3831,3561,3391,3331,3291,3081,2801,2491,2231,1971,1711,148
Cost Of Revenue2.3%459449435417395380369363363363361359356348336320305298292287284
Costs and Expenses2.7%944919888843801769742725719715708703699687675654633619608598589
  S&GA Expenses2.7%13813412912111310810299.0098.0097.0097.0093.0092.0090.0089.0087.0084.0082.0081.0082.0081.00
EBITDA-100.0%-1,416-1,4171,3551,1121,099994914850749697696703694848-----
EBITDA Margin-100.0%-0.71*-0.77*0.77*0.67*0.70*0.66*0.64*0.61*0.55*0.52*0.52*0.53*0.53*0.66*-----
Interest Expenses14.0%265233197173158150152157154163160158166173174169168164159153147
Earnings Before Taxes-3.9%857892901966932859859744668608509466460463451440461450442553515
EBT Margin-100.0%-0.45*0.47*0.52*0.53*0.52*0.54*0.49*0.47*0.44*0.38*0.35*0.35*0.35*0.34*------
Net Income-3.5%824853861925892839828738665597482454448449435424447429415530493
Net Income Margin-100.0%-0.44*0.45*0.52*0.51*0.50*0.52*0.48*0.45*0.42*0.36*0.33*0.32*0.33*0.32*------
Free Cashflow-100.0%-1,2321,2381,1711,1291,036952917843786771746736728708------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets1.9%12,36512,13312,16711,84111,03910,59210,4749,7089,4639,3379,3968,7618,5308,5498,5328,3188,3918,1337,8487,7997,722
    Cash Equivalents5.6%51.0048.0093.0087.0059.0066.0071.0081.0060.0063.0010981.0062.0098.0066.0067.0056.0047.0073.0067.0069.00
Liabilities2.8%8,3308,1008,0897,7717,1466,7146,6896,3256,1026,0226,4605,9935,7845,7755,6115,4105,5625,3595,0635,0295,006
Shareholder's Equity-19.3%3,2564,0333,2603,2513,8933,8783,7863,3833,3613,3152,9362,7682,7462,7752,9222,9082,8292,7742,7852,7702,716
  Retained Earnings-10.3%-175-159-135-139-159-127-128-229-250-284-354-392-391-362-301-296-288-277-262-255-276
  Additional Paid-In Capital0.2%3,3833,3763,3453,3403,3343,3303,2863,2843,2893,2823,0002,8902,8852,8732,8692,8622,7572,6492,6412,5812,554
Shares Outstanding0.0%135135134134134134134134134132131129129129130129128127127126126
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations-0.4%1,2271,2321,2381,1711,1291,036952917843786771746736728708693701676678677648
  Share Based Compensation7.6%24.0022.0021.0020.0018.0018.0017.0018.0017.0017.0016.0014.0014.0013.0013.0013.0012.0011.0011.0011.0010.00
Cashflow From Investing11.0%-1,436-1,613-1,648-1,662-1,262-1,001-837-1,009-988-852-955-629-293-435-621-483-655-659-443-585-536
Cashflow From Financing-46.6%191359432504144-24.64-16693.0014431.00241-103-437-241-88.01-209-59.69-22.82-247-105-91.35
  Dividend Payments2.2%841823805772738671601552501483468466467466458451443436425414403
  Buy Backs---63.0084.0084.00---0.0016.0068.0021.0021.00---31.25-21.00-21.00-42.0042.00

EXR Income Statement

2023-06-30
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:    
Property rental$ 440,747$ 408,044$ 874,709$ 787,852
Tenant reinsurance48,43346,42796,13790,224
Management fees and other income22,20620,51743,59040,474
Total revenues511,386474,9881,014,436918,550
Expenses:    
Property operations114,637104,252231,803207,794
Tenant reinsurance9,4827,53718,57114,579
Transaction related costs01,46501,465
General and administrative34,84231,25169,60561,013
Depreciation and amortization79,08669,067157,576136,973
Total expenses238,047213,572477,555421,824
Gain on real estate transactions014,249014,249
Income from operations273,339275,665536,881510,975
Interest expense(86,372)(47,466)(166,471)(90,004)
Interest income21,07715,06040,51534,049
Income before equity in earnings and dividend income from unconsolidated real estate entities and income tax expense208,044243,259410,925455,020
Equity in earnings and dividend income from unconsolidated real estate entities13,25410,19023,55919,287
Income tax expense(5,986)(5,615)(10,294)(8,756)
Net income215,312247,834424,190465,551
Net income allocated to Preferred Operating Partnership noncontrolling interests(2,254)(4,491)(4,508)(8,824)
Net income allocated to Operating Partnership and other noncontrolling interests(10,648)(11,213)(20,968)(21,018)
Net income attributable to common stockholders$ 202,410$ 232,130$ 398,714$ 435,709
Earnings per common share    
Basic (in dollars per share)$ 1.50$ 1.73$ 2.96$ 3.24
Diluted (in dollars per share)$ 1.50$ 1.73$ 2.95$ 3.24
Weighted average number of shares    
Basic (in shares)134,832,232134,192,540134,672,672134,186,426
Diluted (in shares)143,529,817142,737,909143,337,522141,600,206
Cash dividends paid per common share (in dollars per share)$ 1.62$ 1.50$ 3.24$ 3.00

EXR Balance Sheet

2023-06-30
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets:  
Real estate assets, net$ 10,017,351$ 9,997,978
Real estate assets - operating lease right-of-use assets220,090221,725
Investments in unconsolidated real estate entities747,775582,412
Investments in debt securities and notes receivable891,190858,049
Cash and cash equivalents50,64492,868
Other assets, net438,403414,426
Total assets12,365,45312,167,458
Liabilities, Noncontrolling Interests and Equity:  
Notes payable, net1,273,4481,288,555
Unsecured term loans, net2,248,8402,340,116
Unsecured senior notes, net3,695,2002,757,791
Revolving lines of credit275,250945,000
Operating lease liabilities228,343229,035
Cash distributions in unconsolidated real estate ventures69,18367,352
Accounts payable and accrued expenses212,416171,680
Other liabilities327,366289,655
Total liabilities8,330,0468,089,184
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, $0.01 par value, 500,000,000 shares authorized, 135,058,897 and 133,921,020 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively1,3511,339
Additional paid-in capital3,383,3033,345,332
Accumulated other comprehensive income47,06548,798
Accumulated deficit(175,941)(135,872)
Total Extra Space Storage Inc. stockholders' equity3,255,7783,259,597
Noncontrolling interest represented by Preferred Operating Partnership units, net222,940261,502
Noncontrolling interests in Operating Partnership, net and other noncontrolling interests556,689557,175
Total noncontrolling interests and equity4,035,4074,078,274
Total liabilities, noncontrolling interests and equity$ 12,365,453$ 12,167,458
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.