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 March 31, 2018, the Company owned and/or operated 1,523 self-storage stores in 39 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1,050,000 units and approximately 115 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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustrySpecialized REITs
SectorFinance
SymbolNYSE:EXR
CUSIP30225T10
Phone801-562-5556
Debt
Debt-to-Equity Ratio1.76
Current Ratio0.64
Quick Ratio0.64
Price-To-Earnings
Trailing P/E Ratio21.76
Forward P/E Ratio20.56
P/E Growth3.88
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales10.90
Cash Flow$5.5017 per share
Price / Cash17.30
Book Value$21.62 per share
Price / Book4.40
Profitability
EPS (Most Recent Fiscal Year)$4.38
Net Income$479.01 million
Net Margins44.23%
Return on Equity18.93%
Return on Assets6.83%
Miscellaneous
Employees3,380
Outstanding Shares126,500,000
Market Cap$11.75 billion
Extra Space Storage (NYSE:EXR) Frequently Asked Questions
What is Extra Space Storage's stock symbol?
Extra Space Storage trades on the New York Stock Exchange (NYSE) under the ticker symbol "EXR."
How often does Extra Space Storage pay dividends? What is the dividend yield for Extra Space Storage?
Extra Space Storage announced a quarterly dividend on Thursday, May 24th. Investors of record on Friday, June 15th will be given a dividend of $0.86 per share on Friday, June 29th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, June 14th. This is a positive change from Extra Space Storage's previous quarterly dividend of $0.78. View Extra Space Storage's Dividend History.
How will Extra Space Storage's stock buyback program work?
Extra Space Storage announced that its board has approved a share buyback plan on Tuesday, November 14th 2017, which authorizes the company to repurchase $400,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its shares are undervalued.
How were Extra Space Storage's earnings last quarter?
Extra Space Storage, Inc. (NYSE:EXR) released its quarterly earnings results on Tuesday, July, 31st. The real estate investment trust reported $1.15 earnings per share for the quarter, meeting the Zacks' consensus estimate of $1.15. The real estate investment trust had revenue of $258.13 million for the quarter, compared to analyst estimates of $257.14 million. Extra Space Storage had a return on equity of 18.93% and a net margin of 44.23%. The company's quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the company earned $1.09 EPS. View Extra Space Storage's Earnings History.
When is Extra Space Storage's next earnings date?
What guidance has Extra Space Storage issued on next quarter's earnings?
Extra Space Storage updated its FY18 earnings guidance on Tuesday, July, 31st. The company provided earnings per share guidance of $4.60-4.67 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.62.
What price target have analysts set for EXR?
13 brokers have issued 12 month target prices for Extra Space Storage's shares. Their predictions range from $80.00 to $110.00. On average, they expect Extra Space Storage's stock price to reach $92.6667 in the next year. This suggests that the stock has a possible downside of 2.6%. View Analyst Price Targets for Extra Space Storage.
What is the consensus analysts' recommendation for Extra Space Storage?
13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 10 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Extra Space Storage.
Who are some of Extra Space Storage's key competitors?
Some companies that are related to Extra Space Storage include CROWN CASTLE In/SH SH (CCI), Public Storage (PSA), Equinix (EQIX), Prologis (PLD), Weyerhaeuser (WY), DIGITAL RLTY TR/SH (DLR), AvalonBay Communities (AVB), Equity Residential (EQR), Welltower (WELL), UNIBAIL-RODAMCO/ADR (UNRDY), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC) and Realty Income (O).
Who are Extra Space Storage's key executives?
Extra Space Storage's management team includes the folowing people:
- Mr. Joseph D. Margolis J.D., CEO & Director (Age 57)
- Mr. P. Scott Stubbs, Exec. VP & CFO (Age 50)
- Mr. Samrat Sondhi, Exec. VP & COO (Age 43)
- Mr. Gwyn Goodson McNeal, Exec. VP, Chief Legal Officer & Sec. (Age 49)
- Mr. James L. Overturf, Exec. VP & Chief Marketing Officer (Age 51)
Has Extra Space Storage been receiving favorable news coverage?
News articles about EXR stock have trended positive recently, according to Accern. The research group scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Extra Space Storage earned a media and rumor sentiment score of 0.27 on Accern's scale. They also assigned media coverage about the real estate investment trust an impact score of 46.42 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future. View Recent Headlines for Extra Space Storage.
Who are Extra Space Storage's major shareholders?
Extra Space Storage's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (10.11%), Cbre Clarion Securities LLC (3.64%), FMR LLC (3.60%), Daiwa Securities Group Inc. (2.45%), Massachusetts Financial Services Co. MA (1.63%) and Dimensional Fund Advisors LP (1.54%). Company insiders that own Extra Space Storage stock include Dennis J Letham, Diane Olmstead, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, K Fred Skousen, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi and Spencer Kirk. View Institutional Ownership Trends for Extra Space Storage.
Which major investors are selling Extra Space Storage stock?
EXR stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Millennium Management LLC, Standard Life Aberdeen plc, Daiwa Securities Group Inc., Renaissance Technologies LLC, Schroder Investment Management Group, NN Investment Partners Holdings N.V. and Tobam. Company insiders that have sold Extra Space Storage company stock in the last year include Diane Olmstead, Grace Kunde, Gwyn Goodson Mcneal, James Overturf, K Fred Skousen, Kenneth M Woolley, P Scott Stubbs, Samrat Sondhi and Spencer Kirk. View Insider Buying and Selling for Extra Space Storage.
Which major investors are buying Extra Space Storage stock?
EXR stock was purchased by a variety of institutional investors in the last quarter, including Massachusetts Financial Services Co. MA, Cbre Clarion Securities LLC, Morgan Stanley, USS Investment Management Ltd, Bank of Montreal Can, Los Angeles Capital Management & Equity Research Inc., Boston Advisors LLC and Centersquare Investment Management LLC. View Insider Buying and Selling for Extra Space Storage.
How do I buy shares of Extra Space Storage?
Shares of EXR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Extra Space Storage's stock price today?
One share of EXR stock can currently be purchased for approximately $95.18.
How big of a company is Extra Space Storage?
Extra Space Storage has a market capitalization of $11.75 billion and generates $1.11 billion in revenue each year. The real estate investment trust earns $479.01 million in net income (profit) each year or $4.38 on an earnings per share basis. Extra Space Storage employs 3,380 workers across the globe.
How can I contact Extra Space Storage?
Extra Space Storage's mailing address is 2795 COTTONWOOD PARKWAY SUITE 400, SALT LAKE CITY UT, 84121. The real estate investment trust can be reached via phone at 801-562-5556.
MarketBeat Community Rating for Extra Space Storage (NYSE EXR)
MarketBeat's community ratings are surveys of what our community members think about Extra Space Storage and other stocks. Vote "Outperform" if you believe EXR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EXR will underperform the S&P 500 over the long term. You may vote once every thirty days.
