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

140.97USD-2.33 (-1.63%)Market Closed

Market Summary

USD140.97-2.33

Market Closed

-1.63%

EXR Alerts

Big jump in Revenue (Y/Y)

EXR Stock Price

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EXR RSI Chart

EXR Valuation

Market Cap

29.8B

Price/Earnings (Trailing)

36.4

Price/Sales (Trailing)

10.45

EV/EBITDA

16.35

Price/Free Cashflow

18.81

EXR Price/Sales (Trailing)

EXR Profitability

Operating Margin

75.52%

EBT Margin

29.06%

Return on Equity

5.36%

Return on Assets

2.98%

Free Cashflow Yield

5.32%

EXR Fundamentals

EXR Revenue

Revenue (TTM)

2.9B

Rev. Growth (Yr)

58.94%

Rev. Growth (Qtr)

0.22%

EXR Earnings

Earnings (TTM)

820.0M

Earnings Growth (Yr)

8.56%

Earnings Growth (Qtr)

-1.4%

Breaking Down EXR Revenue

Last 7 days

1.6%

Last 30 days

-5.4%

Last 90 days

-1.7%

Trailing 12 Months

-9.9%

How does EXR drawdown profile look like?

EXR Financial Health

EXR Investor Care

Dividend Yield

4.6%

Dividend/Share (TTM)

6.48

Shares Dilution (1Y)

56.78%

Diluted EPS (TTM)

4.36

Historical Charts for Stock Metrics

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

Net sales

Year	Q1	Q2	Q3	Q4
2024	2.9B	0	0	0
2023	2.0B	2.0B	2.3B	2.6B
2022	1.7B	1.8B	1.8B	1.9B
2021	1.4B	1.4B	1.5B	1.6B
2020	1.3B	1.3B	1.3B	1.4B
2019	1.2B	1.2B	1.3B	1.3B
2018	1.1B	1.1B	1.2B	1.2B
2017	1.0B	1.1B	1.1B	1.1B
2016	838.5M	896.9M	956.6M	991.9M
2015	667.7M	692.9M	721.3M	782.3M
2014	553.9M	588.4M	624.3M	647.2M
2013	437.7M	469.0M	492.3M	520.6M
2012	346.3M	363.2M	388.9M	409.4M
2011	288.4M	297.7M	309.8M	329.8M
2010	278.5M	278.2M	279.1M	281.5M
2009	0	275.2M	277.7M	280.1M
2008	0	0	0	272.7M

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

GRUFITY'S FAIR VALUE MODEL

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Tracking the Latest Insider Buys and Sells of Extra Space Storage Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
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

Which funds bought or sold EXR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 07, 2024	Susquehanna Portfolio Strategies, LLC	unchanged	-	-1,011,930	11,159,400	0.26%
May 07, 2024	OPPENHEIMER ASSET MANAGEMENT INC.	reduced	-3.11	-163,918	1,303,740	0.02%
May 07, 2024	QRG CAPITAL MANAGEMENT, INC.	added	5.17	-8,759	233,416	-%
May 07, 2024	Swiss National Bank	reduced	-4.22	-12,907,500	93,010,900	0.06%
May 07, 2024	Arizona State Retirement System	added	2.00	-617,726	8,912,610	0.06%
May 07, 2024	FORSTA AP-FONDEN	added	8.63	-25,402	6,291,600	0.05%
May 07, 2024	Illinois Municipal Retirement Fund	sold off	-100	-910,000	-	-%
May 07, 2024	Smithfield Trust Co	added	7.87	-	49,000	-%
May 07, 2024	ASSETMARK, INC	added	152	34,274,400	60,388,200	0.20%
May 07, 2024	NEW YORK STATE COMMON RETIREMENT FUND	reduced	-8.15	-4,411,000	23,530,000	0.03%

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

EXR Alerts

Big jump in Revenue (Y/Y)

Unveiling Extra Space Storage Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form 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
May 03, 2024	10-Q	Quarterly Report
Apr 30, 2024	8-K	Current Report
Apr 15, 2024	8-K	Current Report
Apr 15, 2024	S-3ASR	S-3ASR
Apr 05, 2024	8-K	Current Report
Apr 05, 2024	DEFA14A	DEFA14A
Apr 05, 2024	S-3ASR	S-3ASR
Apr 03, 2024	DEF 14A	DEF 14A
Apr 03, 2024	DEFA14A	DEFA14A
Apr 03, 2024	ARS	ARS

Peers (Alternatives to Extra Space Storage Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	84.8B	11.2B	-3.57%	-6.21%	42.94	7.56	3.63%	50.79%
CCI	42.3B	6.8B	-2.86%	-16.86%	30.32	6.17	-2.39%	-16.60%
AVB	27.7B	2.8B	4.65%	8.65%	29	9.87	5.72%	-6.47%
ARE	20.6B	3.0B	-6.82%	-2.61%	105.18	6.99	10.44%	-73.79%
AMH	13.3B	-	-1.07%	2.70%	31.37	8.17	8.93%	11.87%
REG	10.8B	1.4B	-0.91%	-0.39%	29	7.92	10.48%	-2.93%
BXP	9.4B	3.3B	-4.95%	17.89%	49.61	2.88	5.31%	-77.32%
MID-CAP
FRT	8.5B	1.2B	1.08%	10.18%	35.54	7.36	5.48%	-38.69%
MAC	3.4B	884.1M	-2.40%	67.19%	-12.48	3.87	2.90%	-314.82%
SLG	3.3B	892.3M	-5.51%	137.34%	-6.45	3.7	-5.33%	-307.54%
SMALL-CAP
AAT	1.3B	444.1M	3.08%	17.14%	19.59	3.03	3.54%	8.91%
AIV	1.2B	198.2M	-0.48%	-2.94%	-7.52	6.02	-43.33%	-308.08%
MFA	1.1B	650.2M	-3.51%	3.98%	35.74	1.68	27.93%	140.31%
NYMT	550.1M	285.4M	-16.71%	-37.84%	-3.99	1.93	11.05%	83.70%
IVR	446.8M	277.2M	2.46%	-8.50%	-54.48	1.61	25.89%	94.64%

Extra Space Storage Inc News

Latest updates

Extra Space Storage Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	0.2%	800	798	748	511	503	507	499	475	444	427	412	379	359	353	343	327	332	336	338	324	312
Cost Of Revenue	4.9%	205	195	185	115	117	113	115	104	104	94.00	93.00	89.00	92.00	89.00	92.00	89.00	90.00	88.00	89.00	81.00	79.00
Costs and Expenses	-0.1%	464	464	448	238	240	237	229	214	208	192	186	182	182	176	180	177	175	171	175	166	163
S&GA Expenses	-100.0%	-	39.00	37.00	35.00	35.00	36.00	32.00	31.00	30.00	28.00	24.00	26.00	24.00	24.00	24.00	25.00	23.00	21.00	23.00	23.00	23.00
EBITDA Margin	-1.7%	0.64*	0.65*	0.65*	0.71*	0.72*	0.72*	0.76*	0.77*	0.76*	0.79*	0.76*	0.73*	-	-	-	-	-	-	-	-	-
Interest Expenses	-17.7%	108	131	57.00	72.00	79.00	59.00	55.00	39.00	43.00	35.00	41.00	31.00	45.00	40.00	38.00	41.00	41.00	36.00	47.00	47.00	45.00
Income Taxes	56.0%	7.00	4.00	7.00	6.00	4.00	5.00	7.00	6.00	3.00	4.00	7.00	5.00	4.00	4.00	5.00	3.00	2.00	3.00	4.00	3.00	2.00
Earnings Before Taxes	0.1%	216	215	191	208	203	214	232	243	212	279	198	169	213	163	123	109	113	120	117	112	101
EBT Margin	-9.0%	0.29*	0.32*	0.36*	0.42*	0.45*	0.47*	0.52*	0.53*	0.52*	0.54*	0.49*	0.47*	-	-	-	-	-	-	-	-	-
Net Income	-1.4%	213	216	188	202	196	204	221	232	204	257	188	179	216	148	115	111	116	112	108	113	102
Net Income Margin	-8.5%	0.29*	0.31*	0.35*	0.41*	0.43*	0.45*	0.50*	0.50*	0.50*	0.53*	0.49*	0.46*	-	-	-	-	-	-	-	-	-
Free Cashflow	27.7%	466	365	408	348	282	290	308	353	287	223	266	260	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	0.1%	27,480	27,456	27,626	12,365	12,133	12,167	11,841	11,039	10,592	10,474	9,708	9,463	9,337	9,396	8,761	8,530	8,549	8,532	8,318	8,391	8,133
Cash Equivalents	-44.1%	55.00	99.00	216	51.00	48.00	93.00	87.00	59.00	66.00	71.00	81.00	60.00	63.00	109	81.00	62.00	98.00	66.00	67.00	56.00	47.00
Liabilities	1.2%	12,191	12,042	12,059	8,330	8,100	8,089	7,771	7,146	6,714	6,689	6,325	6,102	6,022	6,460	5,993	5,784	5,775	5,611	5,410	5,562	5,359
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	575	573	571	570	568	566	564
Shareholder's Equity	6.2%	15,289	14,391	14,537	4,035	4,033	3,260	4,069	3,893	3,878	3,786	3,383	3,361	3,315	2,936	2,768	2,746	2,775	2,922	2,908	2,829	2,774
Retained Earnings	-34.6%	-510	-379	-252	-175	-159	-135	-139	-159	-127	-128	-229	-250	-284	-354	-392	-391	-362	-301	-296	-288	-277
Additional Paid-In Capital	0.2%	14,777	14,750	14,743	3,383	3,376	3,345	3,340	3,334	3,330	3,286	3,284	3,289	3,282	3,000	2,890	2,885	2,873	2,869	2,862	2,757	2,649
Shares Outstanding	0.2%	212	211	211	135	135	134	134	134	134	133	134	134	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	19,344	-	-	-	22,431	-	-	-	21,459	-	-	-	11,638	-	-	-	13,215	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	27.7%	465,556	364,515	408,432	347,878	281,649	290,118	307,634	352,922	287,465	223,168	265,580	259,808	203,880	187,965	191,194	202,817	189,256	163,220	181,059	194,068	169,339
Share Based Compensation	-17.9%	5,912	7,205	6,994	6,940	5,499	5,955	5,644	5,245	4,542	4,656	4,012	4,983	3,652	4,965	3,452	4,884	2,980	3,064	3,035	3,998	2,954
Cashflow From Investing	-54.8%	-282,071	-182,204	-1,278,466	-271,247	-86,339	-406,205	-672,226	-448,656	-121,372	-419,748	-272,490	-187,897	42,595	-591,582	-251,977	-51,295	-60,573	-265,253	84,052	-193,454	-246,975
Cashflow From Financing	22.4%	-233,182	-300,349	1,040,242	-74,160	-242,603	119,468	388,780	93,234	-169,621	191,493	28,442	-74,957	-311,689	451,052	79,606	-187,701	-101,486	106,051	-254,040	8,202	51,774
Dividend Payments	-100.0%	-	342,272	265,286	218,795	219,988	200,882	200,878	201,024	202,527	167,403	167,274	133,777	132,540	118,065	116,185	116,318	117,197	116,579	116,440	115,572	109,523
Buy Backs	-	-	-	-	-	-	-	-	63,008	-	-	-	-	-	-	54.00	15,615	52,204	-	-	-	-

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EXR Income Statement

2024-03-31

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Property rental	$ 688,044	$ 433,962
Tenant reinsurance	81,347	47,704
Management fees and other income	30,148	21,384
Total revenues	799,539	503,050
Expenses:
Property operations	204,518	117,166
Tenant reinsurance	18,505	9,089
General and administrative	43,722	34,763
Depreciation and amortization	196,966	78,490
Total expenses	463,711	239,508
Income from operations	335,828	263,542
Interest expense	(132,887)	(80,099)
Non-cash interest expense related to amortization of discount on Life Storage unsecured senior notes	(10,705)	0
Interest income	23,573	19,438
Income before equity in earnings and dividend income from unconsolidated real estate entities and income tax expense	215,809	202,881
Equity in earnings and dividend income from unconsolidated real estate entities	15,007	10,305
Income tax expense	(6,742)	(4,308)
Net income	224,074	208,878
Net income allocated to Preferred Operating Partnership noncontrolling interests	(2,208)	(2,254)
Net income allocated to Operating Partnership and other noncontrolling interests	(8,754)	(10,320)
Net income attributable to common stockholders	$ 213,112	$ 196,304
Earnings per common share
Basic (in dollars per share)	$ 1.01	$ 1.46
Diluted (in dollars per share)	$ 1.01	$ 1.46
Weighted average number of shares
Basic (in shares)	211,283,335	134,511,273
Diluted (in shares)	220,018,777	142,940,384
Cash dividends paid per common share (in dollars per share)	$ 1.62	$ 1.62

EXR Balance Sheet

2024-03-31

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Assets:
Real estate assets, net	$ 24,494,676	$ 24,555,873
Real estate assets - operating lease right-of-use assets	222,940	227,241
Investments in unconsolidated real estate entities	1,066,032	1,071,617
Investments in debt securities and notes receivable	1,058,506	904,769
Cash and cash equivalents	50,816	99,062
Other assets, net	587,150	597,700
Total assets	27,480,120	27,456,262
Liabilities, Noncontrolling Interests and Equity:
Secured notes payable, net	1,269,752	1,273,549
Unsecured term loans, net	2,251,714	2,650,581
Unsecured senior notes, net	7,016,085	6,410,618
Revolving lines of credit	620,000	682,000
Operating lease liabilities	232,682	236,515
Cash distributions in unconsolidated real estate ventures	71,988	71,069
Accounts payable and accrued expenses	338,027	334,518
Other liabilities	390,894	383,463
Total liabilities	12,191,142	12,042,313
Commitments and contingencies
Extra Space Storage Inc. stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares issued or outstanding	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized, 211,658,812 and 211,278,803 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively	2,117	2,113
Additional paid-in capital	14,776,888	14,750,388
Accumulated other comprehensive income	28,191	17,435
Accumulated deficit	(510,150)	(379,015)
Total Extra Space Storage Inc. stockholders' equity	14,297,046	14,390,921
Noncontrolling interest represented by Preferred Operating Partnership units, net	218,824	222,360
Noncontrolling interests in Operating Partnership, net and other noncontrolling interests	773,108	800,668
Total noncontrolling interests and equity	15,288,978	15,413,949
Total liabilities, noncontrolling interests and equity	$ 27,480,120	$ 27,456,262

About Extra Space Storage Inc

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	Mr. Joseph Daniel Margolis J.D.
WEBSITE	extraspace.com
INDUSTRY	REIT Mortgage
EMPLOYEES	4781

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 Wed May 08 2024, market cap of Extra Space Storage Inc is 29.85 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 Wed May 08 2024, EXR's PE ratio (Price to Earnings) is 36.4 and Price to Sales (PS) ratio is 10.45. 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 0.138 (multiply by 100 for percentage) rate of return.