Skip to Content

Extra Space Storage Inc EXR Stock Quote

| Rating as of

NYSE: EXR

Morningstar‘s Stock Analysis EXR

Valuation
Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Extra Space Storage Reports Middling Results as Self-Storage Market Gets More Difficult

Suryansh Sharma Equity Analyst

Analyst Note

| Suryansh Sharma |

No-moat-rated Extra Space Storage reported middling results in the third quarter, as we see increasing signs of growth moderation in the self-storage market in the upcoming years. The self-storage sector has experienced very strong growth in the last two years because of several factors including pandemic-related disruptions, work-from-home dynamic, strong economic recovery, and a vibrant housing market. This had resulted in historically high occupancy rates and robust rental growth for the sector but a slowing economy and additional supply to the market will result in substantial growth moderation in the upcoming years.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics EXR

Company Profile EXR

Business Description

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 2,100 self-storage properties in 41 states, with over 160 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.

Contact
2795 East Cottonwood Parkway, Suite 300
Salt Lake City, UT, 84121
Industry REIT - Industrial
Employees 4,309

Related Articles EXR

FAQs for Extra Space Storage Inc Stock

Yes. EXR has a forward dividend yield of 3.81%. See EXR’s full dividends and stock split history on the Dividend tab.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

EXR’s market cap is 20.97 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

EXR’s stock style is Mid Core.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

EXR’s price/sales is 12.06.
Price/sales represents the amount an investor is willing to pay for a dollar generated from a particular company’s sales or revenues.

EXR’s price/forward earnings is 24.94.
Forward P/E gives some indication of how cheap or expensive a stock is compared with consensus earnings estimates. The lower the Forward P/E, the cheaper the stock.

EXR’s price/book is 6.49.
Price/book ratio can tell investors approximately how much they’re paying for a company’s assets, based on historical, rather than current, valuations. Historical valuations generally do not reflect a company’s current market value. Value investors frequently look for companies that have low price/book ratios.

See EXR’s valuation ratios compared to the Market Index.

EXR’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare EXR’s historical performance against its industry peers and the overall market.