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, 2018, the Company owned and/or operated 1,568 self-storage stores in 39 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1,090,000 units and approximately 119 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
Current SymbolNYSE:EXR
Previous Symbol
CUSIP30225T10
Phone801-562-5556
Debt
Debt-to-Equity Ratio1.76
Current Ratio0.64
Quick Ratio0.64
Price-To-Earnings
Trailing P/E Ratio19.74
Forward P/E Ratio18.67
P/E Growth3.66
Sales & Book Value
Annual Sales$1.11 billion
Price / Sales9.90
Cash Flow$5.3227 per share
Price / Cash16.24
Book Value$21.62 per share
Price / Book4.00
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$11.03 billion
OptionableN/A
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 declared a quarterly dividend on Monday, August 27th. Stockholders of record on Friday, September 14th will be paid a dividend of $0.86 per share on Friday, September 28th. This represents a $3.44 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Thursday, September 13th. View Extra Space Storage's Dividend History.
How will Extra Space Storage's stock buyback program work?
Extra Space Storage declared that its board has approved a share repurchase program on Tuesday, November 14th 2017, which authorizes the company to buyback $400,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its stock is undervalued.
How were Extra Space Storage's earnings last quarter?
Extra Space Storage, Inc. (NYSE:EXR) announced its earnings results on Tuesday, July, 31st. The real estate investment trust reported $1.15 EPS for the quarter, meeting the consensus estimate of $1.15. The real estate investment trust earned $258.13 million during the quarter, compared to analysts' expectations 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 revenue was up 7.2% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 earnings per share. 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 EPS 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?
11 analysts have issued twelve-month price objectives for Extra Space Storage's shares. Their predictions range from $83.00 to $110.00. On average, they anticipate Extra Space Storage's stock price to reach $93.90 in the next year. This suggests a possible upside of 8.6% from the stock's current price. View Analyst Price Targets for Extra Space Storage.
What is the consensus analysts' recommendation for Extra Space Storage?
11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Extra Space Storage in the last year. There are currently 8 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 Prologis (PLD), Public Storage (PSA), Equinix (EQIX), AvalonBay Communities (AVB), Welltower (WELL), Equity Residential (EQR), DIGITAL RLTY TR/SH (DLR), UNIBAIL-RODAMCO/ADR (UNRDY), Weyerhaeuser (WY), GGP (GGP), Ventas (VTR), Boston Properties (BXP), SBA Communications (SBAC), Realty Income (O) and Essex Property Trust (ESS).
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)
Who are Extra Space Storage's major shareholders?
Extra Space Storage's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Duff & Phelps Investment Management Co. (0.60%), Strs Ohio (0.13%), American Assets Capital Advisers LLC (0.09%), Timbercreek Investment Management Inc. (0.09%), Chevy Chase Trust Holdings Inc. (0.08%) and Bank of Montreal Can (0.06%). 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 Bank of Montreal Can, Manning & Napier Group LLC, Timbercreek Investment Management Inc., Strs Ohio, American Assets Capital Advisers LLC, Texas Permanent School Fund, Chevy Chase Trust Holdings Inc. and Xact Kapitalforvaltning AB. 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 bought by a variety of institutional investors in the last quarter, including Duff & Phelps Investment Management Co., Andra AP fonden, American Financial Network Advisory Services LLC, Contravisory Investment Management Inc., Lourd Capital LLC, Oakbrook Investments LLC, Aperio Group LLC and First Hawaiian Bank. 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 $86.44.
How big of a company is Extra Space Storage?
Extra Space Storage has a market capitalization of $11.03 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.
What is Extra Space Storage's official website?
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.
