View ValuationExtra Space Storage 향후 성장Future 기준 점검 1/6Extrace Storage 의 수익은 연간 0.3% 감소할 것으로 예상되는 반면, 연간 수익은 5.3% 로 증가할 것으로 예상됩니다. EPS는 연간 5.1% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 8.9% 로 예상됩니다.핵심 정보5.3%이익 성장률5.13%EPS 성장률Specialized REITs 이익 성장0%매출 성장률-0.3%향후 자기자본이익률8.93%애널리스트 커버리지Good마지막 업데이트21 May 2026최근 향후 성장 업데이트공시 • Oct 30Extra Space Storage Inc. Revises Earnings Guidance for the Year Ending December 31, 2025Extra Space Storage Inc. revised earnings guidance for the Year Ending December 31, 2025 . For the year, the company anticipates Same-store revenue growth to be negative 0.25% to positive 0.25% compared to previous guidance of negative 0.5% to positive 1%. Same-store NOI growth to be negative 2.25% to 1.25% compared to previous guidance of negative 2.75% to positive 0.00%.Net income attributable to common stockholders per diluted share to be in range of $4.16 to $4.24. Net Income to be in range of $1,037,636,000 to $1,064,636,000.공시 • Feb 26Extra Space Storage Inc. Provides Earnings Guidance for the Year Ending December 31, 2025Extra Space Storage Inc. provided earnings guidance for the year ending December 31, 2025. For the year ending December 31, 2025, the company expects net income attributable to common stockholders per diluted share of $4.38 to $4.68. Net income of $1,039,500,000 to $1,120,25,000. Total same-store net operating income of $1,871,750,000 to $1,936,500,000.공시 • May 04Extra Space Storage Inc. Provides Earnings Guidance for the Year Ending December 31, 2023Extra Space Storage Inc. provided earnings guidance for the year ending December 31, 2023. For the year, the company expects net income to be in the range of $870,750,000 to $906,100,000 and net income attributable to common stockholders per diluted share to be in the range of $5.66 to $5.96.모든 업데이트 보기Recent updates공시 • 16hExtra Space Storage Inc. Announces Board and Committee Appointments, Effective May 14, 2026At the Extra Space Storage Inc. announced at its 2026 Annual Meeting of Shareholders held on May 14, 2026, Crystal Call Maggelet and RJ Pittman were elected to the board of directors. The addition of these new board members reflects Extra Space's ongoing commitment to regular board refreshment and the integration of high-caliber leadership with expertise in real estate, retail operations strategy, and technological innovation. Crystal Call Maggelet brings extensive experience in managing large-scale, multi-unit retail properties and executing complex operational strategies. She serves as the CEO and Chairperson of FJ Management Inc., a diversified family business including Maverik, an 850+ c-store chain and two fuel transportation divisions, Big West Oil, and TAB Bank. Additionally, Maggelet founded the Crystal Inn hotel chain in 1993 and serves as its Managing Director. Her robust background in corporate governance includes previous board roles at Savage Services, Intermountain Health and Pilot Flying J. She holds a bachelor's degree in Business Administration from Pepperdine University and earned a Master of Business Administration from Harvard Business School. RJ Pittman joins the team as a premier technology pioneer with a proven track record of leading digital transformation and advancing artificial intelligence, machine learning, and data science. Pittman served as the CEO and Chairman of the Board of Matterport, a spatial data company and technology platform in real estate, from 2018 to 2025. Prior to Matterport, he served as eBay's first Chief Product Officer and held senior roles at Apple and Google where he led international e-commerce platforms and web search properties. He holds a Bachelor of Science in Computer Engineering from the University of Michigan and a Master of Science in Engineering-Economic Systems from Stanford. Ms. Maggelet will serve as a member of the Nominating, Governance, & Corporate Responsibility Committee and Mr. Pittman will serve as a member of the Audit Committee.공시 • May 16Extra Space Storage Inc. Announces Second Quarter 2026 Dividend, Payable on June 30, 2026Extra Space Storage Inc. announced that the Company's board of directors has declared a second quarter 2026 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on June 30, 2026, to stockholders of record at the close of business on June 15, 2026.공시 • Apr 03Extra Space Storage Inc., Annual General Meeting, May 14, 2026Extra Space Storage Inc., Annual General Meeting, May 14, 2026.공시 • Mar 31Extra Space Storage Inc. to Report Q1, 2026 Results on Apr 28, 2026Extra Space Storage Inc. announced that they will report Q1, 2026 results After-Market on Apr 28, 2026공시 • Feb 14Extra Space Storage Inc. Announces First Quarter 2026 Dividend, Payable on March 31, 2026Extra Space Storage Inc. announced that the Company's board of directors has declared a first quarter 2026 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on March 31, 2026, to stockholders of record at the close of business on March 16, 2026.공시 • Jan 21Extra Space Storage Inc. to Report Q4, 2025 Results on Feb 19, 2026Extra Space Storage Inc. announced that they will report Q4, 2025 results After-Market on Feb 19, 2026공시 • Jan 06Extra Space Storage Inc. Announces Promotion of Noah Springer to President, Effective January 5, 2026Extra Space Storage Inc. announced that the Board of Directors of Extra Space Storage has promoted Noah Springer, the Company's current Executive Vice President, Chief Strategy and Partnership Officer, to President, effective January 5, 2026. Mr. Springer currently is responsible for the Company's third-party management program, joint ventures, human resources department and other strategic initiatives. With Mr. Springer's promotion to President, the Company's operations function will also report to Mr. Springer. Mr. Springer joined Extra Space Storage in 2006 after several years in the banking industry. During his time at the Company, he has served in various roles in acquisitions, asset management and third-party management. Mr. Springer helped develop, lead and grow the Company's third-party management platform, Management Plus, which today is the storage sector's largest third-party management platform with over 1,800 locations. In addition, Mr. Springer has overseen the Company's asset management, construction, and human resources departments. Mr. Springer has been a member of the Company's senior management team since 2014, and a member of the Company's executive team since 2020. Mr. Springer holds a B.A. in Finance and an M.B.A. from the University of Utah.공시 • Nov 21Extra Space Storage Inc. Announces Dividend for the Fourth Quarter 2025, Payable on December 31, 2025Extra Space Storage Inc. announced that the Company's board of directors has declared a fourth quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on December 31, 2025, to stockholders of record at the close of business on December 15, 2025.공시 • Oct 30Extra Space Storage Inc. Revises Earnings Guidance for the Year Ending December 31, 2025Extra Space Storage Inc. revised earnings guidance for the Year Ending December 31, 2025 . For the year, the company anticipates Same-store revenue growth to be negative 0.25% to positive 0.25% compared to previous guidance of negative 0.5% to positive 1%. Same-store NOI growth to be negative 2.25% to 1.25% compared to previous guidance of negative 2.75% to positive 0.00%.Net income attributable to common stockholders per diluted share to be in range of $4.16 to $4.24. Net Income to be in range of $1,037,636,000 to $1,064,636,000.공시 • Sep 25Extra Space Storage Inc. to Report Q3, 2025 Results on Oct 29, 2025Extra Space Storage Inc. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025공시 • Aug 22Extra Space Storage Inc. Declares Dividend for the Third Quarter of 2025, Payable on September 30, 2025Extra Space Storage Inc. announced that the Company's board of directors has declared a third quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on September 30, 2025, to stockholders of record at the close of business on September 15, 2025.공시 • Jun 25Extra Space Storage Inc. to Report Q2, 2025 Results on Jul 30, 2025Extra Space Storage Inc. announced that they will report Q2, 2025 results After-Market on Jul 30, 2025공시 • May 23Extra Space Storage Inc. Announces Second Quarter 2025 Dividend, Payable on June 30, 2025Extra Space Storage Inc. announced that the Company's board of directors has declared a second quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on June 30, 2025, to stockholders of record at the close of business on June 16, 2025.공시 • Apr 03Extra Space Storage Inc., Annual General Meeting, May 21, 2025Extra Space Storage Inc., Annual General Meeting, May 21, 2025.공시 • Apr 01Extra Space Storage Inc. to Report Q1, 2025 Results on Apr 29, 2025Extra Space Storage Inc. announced that they will report Q1, 2025 results After-Market on Apr 29, 2025공시 • Feb 26Extra Space Storage Inc. Provides Earnings Guidance for the Year Ending December 31, 2025Extra Space Storage Inc. provided earnings guidance for the year ending December 31, 2025. For the year ending December 31, 2025, the company expects net income attributable to common stockholders per diluted share of $4.38 to $4.68. Net income of $1,039,500,000 to $1,120,25,000. Total same-store net operating income of $1,871,750,000 to $1,936,500,000.공시 • Feb 22Extra Space Storage Inc. Announces First Quarter 2025 Dividend, Payable on March 31, 2025Extra Space Storage Inc. announced that the Company's board of directors has declared a first quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on March 31, 2025, to stockholders of record at the close of business on March 14, 2025.공시 • Jan 25Extra Space Storage Inc. to Report Q4, 2024 Results on Feb 25, 2025Extra Space Storage Inc. announced that they will report Q4, 2024 results on Feb 25, 2025공시 • Nov 16Extra Space Storage Inc. Announces Dividend for the Fourth Quarter 2024, Payable on December 31, 2024Extra Space Storage Inc. announced that the Company's board of directors has declared a fourth quarter 2024 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on December 31, 2024, to stockholders of record at the close of business on December 16, 2024.Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: US$0.91 (vs US$0.96 in 3Q 2023)Third quarter 2024 results: EPS: US$0.91. Revenue: US$824.8m (up 8.1% from 3Q 2023). Net income: US$193.2m (up 2.7% from 3Q 2023). Profit margin: 23% (down from 25% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Global Specialized REITs industry.공시 • Sep 26Extra Space Storage Inc. to Report Q3, 2024 Results on Oct 29, 2024Extra Space Storage Inc. announced that they will report Q3, 2024 results After-Market on Oct 29, 2024Upcoming Dividend • Sep 09Upcoming dividend of US$1.62 per shareEligible shareholders must have bought the stock before 16 September 2024. Payment date: 30 September 2024. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.6%).Declared Dividend • Aug 26Second quarter dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 3.8%, which is about the same as the industry average.공시 • Aug 20Extra Space Storage Inc. Announces Third Quarter 2024 Dividend, Payable on September 30, 2024Extra Space Storage Inc. announced that the Company's board of directors has declared a third quarter 2024 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on September 30, 2024, to stockholders of record at the close of business on September 16, 2024.Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: US$0.88 (vs US$1.50 in 2Q 2023)Second quarter 2024 results: EPS: US$0.88 (down from US$1.50 in 2Q 2023). Revenue: US$810.7m (up 55% from 2Q 2023). Net income: US$185.9m (down 8.0% from 2Q 2023). Profit margin: 23% (down from 39% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings.New Risk • Jul 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).New Risk • Jul 15New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).New Risk • Jul 08New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).New Risk • Jul 01New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).New Risk • Jun 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).공시 • Jun 26Extra Space Storage Inc. to Report Q2, 2024 Results on Jul 30, 2024Extra Space Storage Inc. announced that they will report Q2, 2024 results After-Market on Jul 30, 2024New Risk • Jun 23New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).New Risk • Jun 13New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).New Risk • Jun 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).New Risk • Jun 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).New Risk • Jun 03New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).Declared Dividend • Jun 03Dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 4.6%, which is higher than the industry average of 3.8%.New Risk • May 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$1.01 (vs US$1.46 in 1Q 2023)First quarter 2024 results: EPS: US$1.01. Revenue: US$799.5m (up 56% from 1Q 2023). Net income: US$213.1m (up 8.7% from 1Q 2023). Profit margin: 27% (down from 38% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Global Specialized REITs industry.공시 • Apr 16Extra Space Storage Inc. has filed a Follow-on Equity Offering in the amount of $800 million.Extra Space Storage Inc. has filed a Follow-on Equity Offering in the amount of $800 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering공시 • Apr 04Extra Space Storage Inc., Annual General Meeting, May 23, 2024Extra Space Storage Inc., Annual General Meeting, May 23, 2024, at 14:00 US Mountain Standard Time. Agenda: To consider Election of Directors; to consider Ratification of the engagement of Ernst & Young LLP as the Company's independent registered public accounting firm for 2024; and to consider Advisory vote to approve compensation of named executive officers.공시 • Mar 29Extra Space Storage Inc. to Report Q1, 2024 Results on Apr 30, 2024Extra Space Storage Inc. announced that they will report Q1, 2024 results After-Market on Apr 30, 2024Upcoming Dividend • Mar 07Upcoming dividend of US$1.62 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.9%).Reported Earnings • Feb 28Full year 2023 earnings released: EPS: US$4.75 (vs US$6.41 in FY 2022)Full year 2023 results: EPS: US$4.75 (down from US$6.41 in FY 2022). Revenue: US$2.56b (up 30% from FY 2022). Net income: US$803.2m (down 6.5% from FY 2022). Profit margin: 31% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year.New Risk • Feb 26New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin). Significant insider selling over the past 3 months (€6.8m sold).Declared Dividend • Feb 25Dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.8%.공시 • Feb 23Extra Space Storage Inc. Announces First Quarter 2024 Dividend, Payable on March 29, 2024Extra Space Storage Inc. announced that the Company's board of directors has declared a first quarter 2024 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on March 29, 2024 to stockholders of record at the close of business on March 15, 2024.New Risk • Feb 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin). Significant insider selling over the past 3 months (€6.8m sold).New Risk • Jan 29New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Dividend is not well covered by cash flows (108% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin). Profit margins are more than 30% lower than last year (34% net profit margin). Significant insider selling over the past 3 months (€6.8m sold).공시 • Jan 27Extra Space Storage Inc. to Report Q4, 2023 Results on Feb 27, 2024Extra Space Storage Inc. announced that they will report Q4, 2023 results After-Market on Feb 27, 2024New Risk • Jan 22New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Dividend is not well covered by cash flows (108% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin). Profit margins are more than 30% lower than last year (34% net profit margin). Significant insider selling over the past 3 months (€6.8m sold).Recent Insider Transactions • Dec 15Insider recently sold €3.3m worth of stockOn the 13th of December, Joseph Saffire sold around 25k shares on-market at roughly €131 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.2m more than they bought in the last 12 months.New Risk • Dec 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin).Upcoming Dividend • Dec 07Upcoming dividend of US$1.62 per share at 4.7% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (4.0%).공시 • Nov 17Extra Space Storage Inc. Declares Fourth Quarter 2023 Dividend, Payable on December 29, 2023Extra Space Storage Inc. announced that the Company's board of directors has declared a fourth quarter 2023 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on December 29, 2023 to stockholders of record at the close of business on December 15, 2023.New Risk • Nov 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 34% Last year net profit margin: 49% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (118% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin).Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: US$0.96 (vs US$1.65 in 3Q 2022)Third quarter 2023 results: EPS: US$0.96 (down from US$1.65 in 3Q 2022). Revenue: US$748.0m (up 47% from 3Q 2022). Net income: US$188.4m (down 14% from 3Q 2022). Profit margin: 25% (down from 43% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.공시 • Oct 11Extra Space Storage Inc. to Report Q3, 2023 Results on Nov 07, 2023Extra Space Storage Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023Upcoming Dividend • Sep 07Upcoming dividend of US$0.61 per share at 5.1% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.1%).공시 • Aug 19Extra Space Storage Inc. Announces Second Dividend of the Third Quarter 2023, Payable on September 29, 2023Extra Space Storage Inc. announced that the Company's board of directors has declared a dividend of $0.61 per share of common stock to be paid on September 29, 2023 to stockholders of record at the close of business on September 15, 2023. In addition to this dividend of $0.61 per share of common stock, the Company previously paid a dividend of $1.01 per share of common stock on July 19, 2023 prior to its merger with Life Storage Inc. The pre-closing dividend was attributed to the total amount paid for the third quarter, so that between the pre-closing dividend of $1.01 per share and today's announced quarterly dividend of $0.61 per share to be paid, an EXR stockholder will receive a total dividend of $1.62 per share of common stock, consistent with the Company's second quarter 2023 dividend. It is anticipated that the Company's board of directors will return to its historical practice of paying a single quarterly dividend during the fourth quarter of 2023.New Risk • Aug 08New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (117% cash payout ratio).Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: US$1.50 (vs US$1.73 in 2Q 2022)Second quarter 2023 results: EPS: US$1.50 (down from US$1.73 in 2Q 2022). Revenue: US$511.4m (up 5.4% from 2Q 2022). Net income: US$202.4m (down 13% from 2Q 2022). Profit margin: 40% (down from 48% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.New Risk • Jul 31New minor risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (117% cash payout ratio).공시 • Jul 23Extra Space Storage Inc. Announces Board AppointmentsExtra Space Storage Inc. and Life Storage Inc. announced that the companies have completed their previously announced merger, following approval by the shareholders of both companies. The combined company is now the largest storage operator in the country (based on the number of self-storage locations) with over 3,500 locations, approximately 270 million square feet of rentable storage space, and over two million customers. The combined entity will be among the largest REITs in the MSCI U.S. REIT Index, with an enterprise value of approximately $46 billion. In connection with the completion of the merger, the Extra Space board has expanded from 10 to 13 directors with the addition of three new directors designated by Life Storage: Mark G. Barberio, Joseph V. Saffire, and Susan Harnett.공시 • Jul 07Extra Space Storage Inc. to Report Q2, 2023 Results on Aug 03, 2023Extra Space Storage Inc. announced that they will report Q2, 2023 results on Aug 03, 2023공시 • Jul 04Extra Space Storage Inc. Announces Dividend on Common Stock, Payable on July 19, 2023Extra Space Storage Inc. announced that the Company's board of directors has declared a dividend of $1.01 per share on the common stock of the Company, as permitted by the terms of the merger agreement the Company entered into with Life Storage Inc. The dividend is payable on July 19, 2023 to stockholders of record at the close of business on July 13, 2023.Upcoming Dividend • Jun 07Upcoming dividend of US$1.62 per share at 4.5% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.0%).공시 • May 27Extra Space Storage Inc. Declares Dividend for the Second Quarter 2023, Payable on June 30, 2023Extra Space Storage Inc. announced that the Company's board of directors has declared a quarterly dividend of $1.62 per share on the common stock of the Company for the second quarter 2023. The dividend is payable on June 30, 2023 to stockholders of record at the close of business on June 15, 2023.공시 • May 04Extra Space Storage Inc. Provides Earnings Guidance for the Year Ending December 31, 2023Extra Space Storage Inc. provided earnings guidance for the year ending December 31, 2023. For the year, the company expects net income to be in the range of $870,750,000 to $906,100,000 and net income attributable to common stockholders per diluted share to be in the range of $5.66 to $5.96.Reported Earnings • May 03First quarter 2023 earnings released: EPS: US$1.46 (vs US$1.52 in 1Q 2022)First quarter 2023 results: EPS: US$1.46 (down from US$1.52 in 1Q 2022). Revenue: US$503.1m (up 11% from 1Q 2022). Net income: US$196.3m (down 3.4% from 1Q 2022). Profit margin: 39% (down from 45% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Mar 11Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 2.7%. The fair value is estimated to be €186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to decline by 3.4% in 2 years. Earnings is forecast to grow by 6.8% in the next 2 years.Upcoming Dividend • Mar 07Upcoming dividend of US$1.62 per share at 3.9% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%).Recent Insider Transactions • Mar 04Executive VP & Chief Legal Officer recently sold €232k worth of stockOn the 2nd of March, Gwyn McNeal sold around 2k shares on-market at roughly €155 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €1.7m more than they sold in the last 12 months.Reported Earnings • Feb 24Full year 2022 earnings released: FFO per share: US$8.9 (vs US$7.30 in FY 2021)Full year 2022 results: FFO per share: US$8.9 (up from US$7.30 in FY 2021). Revenue: US$1.97b (up 22% from FY 2021). Funds from operations (FFO): US$1.20b (up 23% from FY 2021). FFO margin: 61% (in line with FY 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Feb 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.3%. The fair value is estimated to be €186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 2.8% per annum over the same time period.공시 • Feb 17Extra Space Storage Inc. Announces 1st Quarter 2023 Dividend, Payable on March 31, 2023Extra Space Storage Inc. announced that the Company's board of directors has declared a first quarter 2023 dividend of $1.62 per share on the common stock of the Company, an 8% increase over the prior quarter's dividend. The dividend is payable on March 31, 2023 to stockholders of record at the close of business on March 15, 2023.Buying Opportunity • Jan 31Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 2.8% per annum over the same time period.공시 • Jan 25Extra Space Storage Inc. to Report Q4, 2022 Results on Feb 22, 2023Extra Space Storage Inc. announced that they will report Q4, 2022 results After-Market on Feb 22, 2023Upcoming Dividend • Dec 06Upcoming dividend of US$1.50 per shareEligible shareholders must have bought the stock before 13 December 2022. Payment date: 30 December 2022. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.4%).Reported Earnings • Nov 03Third quarter 2022 earnings released: FFO per share: US$2.3 (vs US$1.97 in 3Q 2021)Third quarter 2022 results: FFO per share: US$2.3 (up from US$1.97 in 3Q 2021). Revenue: US$510.1m (up 21% from 3Q 2021). Funds from operations (FFO): US$308.7m (up 18% from 3Q 2021). FFO margin: 61% (down from 62% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Sep 07Upcoming dividend of US$1.50 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.1%).Reported Earnings • Aug 03Second quarter 2022 earnings released: EPS: US$1.73 (vs US$1.25 in 2Q 2021)Second quarter 2022 results: EPS: US$1.73 (up from US$1.25 in 2Q 2021). Revenue: US$475.0m (up 23% from 2Q 2021). Net income: US$232.1m (up 38% from 2Q 2021). Profit margin: 49% (up from 43% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to decline by 8.0% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 07Upcoming dividend of US$1.50 per shareEligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.4%).Reported Earnings • May 04First quarter 2022 earnings released: EPS: US$1.52 (vs US$1.54 in 1Q 2021)First quarter 2022 results: EPS: US$1.52. Revenue: US$443.6m (up 21% from 1Q 2021). Net income: US$203.6m (flat on 1Q 2021). Profit margin: 46% (down from 55% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to decline by 7.8% while the industry in Germany is not expected to grow.Recent Insider Transactions • Mar 13Chairman of the Board recently bought €1.9m worth of stockOn the 7th of March, Kenneth Woolley bought around 11k shares on-market at roughly €185 per share. This was the largest purchase by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months.Upcoming Dividend • Mar 07Upcoming dividend of US$1.50 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.5%). Higher than average of industry peers (1.5%).Recent Insider Transactions • Mar 02Executive VP & Chief Legal Officer recently sold €597k worth of stockOn the 25th of February, Gwyn McNeal sold around 4k shares on-market at roughly €171 per share. In the last 3 months, there was an even bigger sale from another insider worth €875k. Insiders have been net sellers, collectively disposing of €77m more than they bought in the last 12 months.Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$6.21 (up from US$3.71 in FY 2020). Revenue: US$1.58b (up 14% from FY 2020). Net income: US$827.6m (up 72% from FY 2020). Profit margin: 53% (up from 35% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to decline by -6.8% while the reits industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 25% per year.Recent Insider Transactions • Dec 16Executive VP & CFO recently sold €875k worth of stockOn the 13th of December, P. Stubbs sold around 5k shares on-market at roughly €189 per share. This was the largest sale by an insider in the last 3 months. P. has been a seller over the last 12 months, reducing personal holdings by €1.6m.Upcoming Dividend • Dec 08Upcoming dividend of US$1.25 per shareEligible shareholders must have bought the stock before 14 December 2021. Payment date: 31 December 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (2.8%).Recent Insider Transactions • Nov 05Executive VP & COO recently sold €70k worth of stockOn the 2nd of November, Matthew Herrington sold around 400 shares on-market at roughly €175 per share. In the last 3 months, there was an even bigger sale from another insider worth €37m. Matthew has been a seller over the last 12 months, reducing personal holdings by €174k.Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS US$1.41 (vs US$0.89 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$412.5m (up 18% from 3Q 2020). Net income: US$188.3m (up 65% from 3Q 2020). Profit margin: 46% (up from 33% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.Upcoming Dividend • Sep 07Upcoming dividend of US$1.25 per shareEligible shareholders must have bought the stock before 14 September 2021. Payment date: 30 September 2021. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.3%).Recent Insider Transactions • Aug 22Independent Director recently sold €37m worth of stockOn the 17th of August, Spencer Kirk sold around 244k shares on-market at roughly €150 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €84m more than they bought in the last 12 months.이익 및 매출 성장 예측DB:FG8 - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20283,2321,116N/AN/A212/31/20273,0571,057N/AN/A612/31/20262,9671,008N/AN/A63/31/20263,4789421,8391,859N/A12/31/20253,4469721,8291,850N/A9/30/20253,4229471,8701,891N/A6/30/20253,3939751,8831,902N/A3/31/20253,3509111,8851,903N/A12/31/20243,3248531,8671,887N/A9/30/20243,3118071,8211,844N/A6/30/20243,2208021,7641,784N/A3/31/20242,9168191,5681,586N/A12/31/20232,6158021,3861,402N/A9/30/20232,3197901,3151,328N/A6/30/20232,0668221,2081,227N/A3/31/20232,0268521,2141,232N/A12/31/20221,9668591,2151,238N/A9/30/20221,8849241,1511,171N/A6/30/20221,7958911,1181,129N/A3/31/20221,6978271,0251,036N/A12/31/20211,610826949952N/A9/30/20211,534714910917N/A6/30/20211,462641836843N/A3/31/20211,407576779786N/A12/31/20201,379481764771N/A9/30/20201,357437740746N/A6/30/20201,349431728736N/A3/31/20201,343433720728N/A12/31/20191,320419N/A708N/A9/30/20191,292408N/A693N/A6/30/20191,263431N/A701N/A3/31/20191,236421N/A676N/A12/31/20181,211415N/A678N/A9/30/20181,186529N/A677N/A6/30/20181,163492N/A648N/A3/31/20181,143484N/A656N/A12/31/20171,120478N/A597N/A9/30/20171,099345N/A603N/A6/30/20171,071369N/A589N/A3/31/20171,039365N/A557N/A12/31/20161,005365N/A539N/A9/30/2016970292N/A467N/A6/30/2016910245N/A424N/A3/31/2016851218N/A375N/A12/31/2015795189N/A367N/A9/30/2015733225N/A367N/A6/30/2015704208N/A353N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: FG8 의 연간 예상 수익 증가율(5.3%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: FG8 의 연간 수익(5.3%)이 German 시장(17.1%)보다 느리게 성장할 것으로 예상됩니다.고성장 수익: FG8 의 수입은 증가할 것으로 예상되지만 상당히 증가하지는 않을 것입니다.수익 대 시장: FG8 의 수익은 향후 3년간 감소할 것으로 예상됩니다(연간 -0.3%).고성장 매출: FG8 의 수익은 향후 3년 동안 감소할 것으로 예상됩니다(연간 -0.3%).주당순이익 성장 예측향후 자기자본이익률미래 ROE: FG8의 자본 수익률은 3년 후 8.9%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/23 13:14종가2026/05/22 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Extra Space Storage Inc.는 41명의 분석가가 다루고 있습니다. 이 중 10명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Richard MilliganBairdBrendan LynchBarclaysKeegan CarlBerenberg38명의 분석가 더 보기
공시 • Oct 30Extra Space Storage Inc. Revises Earnings Guidance for the Year Ending December 31, 2025Extra Space Storage Inc. revised earnings guidance for the Year Ending December 31, 2025 . For the year, the company anticipates Same-store revenue growth to be negative 0.25% to positive 0.25% compared to previous guidance of negative 0.5% to positive 1%. Same-store NOI growth to be negative 2.25% to 1.25% compared to previous guidance of negative 2.75% to positive 0.00%.Net income attributable to common stockholders per diluted share to be in range of $4.16 to $4.24. Net Income to be in range of $1,037,636,000 to $1,064,636,000.
공시 • Feb 26Extra Space Storage Inc. Provides Earnings Guidance for the Year Ending December 31, 2025Extra Space Storage Inc. provided earnings guidance for the year ending December 31, 2025. For the year ending December 31, 2025, the company expects net income attributable to common stockholders per diluted share of $4.38 to $4.68. Net income of $1,039,500,000 to $1,120,25,000. Total same-store net operating income of $1,871,750,000 to $1,936,500,000.
공시 • May 04Extra Space Storage Inc. Provides Earnings Guidance for the Year Ending December 31, 2023Extra Space Storage Inc. provided earnings guidance for the year ending December 31, 2023. For the year, the company expects net income to be in the range of $870,750,000 to $906,100,000 and net income attributable to common stockholders per diluted share to be in the range of $5.66 to $5.96.
공시 • 16hExtra Space Storage Inc. Announces Board and Committee Appointments, Effective May 14, 2026At the Extra Space Storage Inc. announced at its 2026 Annual Meeting of Shareholders held on May 14, 2026, Crystal Call Maggelet and RJ Pittman were elected to the board of directors. The addition of these new board members reflects Extra Space's ongoing commitment to regular board refreshment and the integration of high-caliber leadership with expertise in real estate, retail operations strategy, and technological innovation. Crystal Call Maggelet brings extensive experience in managing large-scale, multi-unit retail properties and executing complex operational strategies. She serves as the CEO and Chairperson of FJ Management Inc., a diversified family business including Maverik, an 850+ c-store chain and two fuel transportation divisions, Big West Oil, and TAB Bank. Additionally, Maggelet founded the Crystal Inn hotel chain in 1993 and serves as its Managing Director. Her robust background in corporate governance includes previous board roles at Savage Services, Intermountain Health and Pilot Flying J. She holds a bachelor's degree in Business Administration from Pepperdine University and earned a Master of Business Administration from Harvard Business School. RJ Pittman joins the team as a premier technology pioneer with a proven track record of leading digital transformation and advancing artificial intelligence, machine learning, and data science. Pittman served as the CEO and Chairman of the Board of Matterport, a spatial data company and technology platform in real estate, from 2018 to 2025. Prior to Matterport, he served as eBay's first Chief Product Officer and held senior roles at Apple and Google where he led international e-commerce platforms and web search properties. He holds a Bachelor of Science in Computer Engineering from the University of Michigan and a Master of Science in Engineering-Economic Systems from Stanford. Ms. Maggelet will serve as a member of the Nominating, Governance, & Corporate Responsibility Committee and Mr. Pittman will serve as a member of the Audit Committee.
공시 • May 16Extra Space Storage Inc. Announces Second Quarter 2026 Dividend, Payable on June 30, 2026Extra Space Storage Inc. announced that the Company's board of directors has declared a second quarter 2026 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on June 30, 2026, to stockholders of record at the close of business on June 15, 2026.
공시 • Apr 03Extra Space Storage Inc., Annual General Meeting, May 14, 2026Extra Space Storage Inc., Annual General Meeting, May 14, 2026.
공시 • Mar 31Extra Space Storage Inc. to Report Q1, 2026 Results on Apr 28, 2026Extra Space Storage Inc. announced that they will report Q1, 2026 results After-Market on Apr 28, 2026
공시 • Feb 14Extra Space Storage Inc. Announces First Quarter 2026 Dividend, Payable on March 31, 2026Extra Space Storage Inc. announced that the Company's board of directors has declared a first quarter 2026 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on March 31, 2026, to stockholders of record at the close of business on March 16, 2026.
공시 • Jan 21Extra Space Storage Inc. to Report Q4, 2025 Results on Feb 19, 2026Extra Space Storage Inc. announced that they will report Q4, 2025 results After-Market on Feb 19, 2026
공시 • Jan 06Extra Space Storage Inc. Announces Promotion of Noah Springer to President, Effective January 5, 2026Extra Space Storage Inc. announced that the Board of Directors of Extra Space Storage has promoted Noah Springer, the Company's current Executive Vice President, Chief Strategy and Partnership Officer, to President, effective January 5, 2026. Mr. Springer currently is responsible for the Company's third-party management program, joint ventures, human resources department and other strategic initiatives. With Mr. Springer's promotion to President, the Company's operations function will also report to Mr. Springer. Mr. Springer joined Extra Space Storage in 2006 after several years in the banking industry. During his time at the Company, he has served in various roles in acquisitions, asset management and third-party management. Mr. Springer helped develop, lead and grow the Company's third-party management platform, Management Plus, which today is the storage sector's largest third-party management platform with over 1,800 locations. In addition, Mr. Springer has overseen the Company's asset management, construction, and human resources departments. Mr. Springer has been a member of the Company's senior management team since 2014, and a member of the Company's executive team since 2020. Mr. Springer holds a B.A. in Finance and an M.B.A. from the University of Utah.
공시 • Nov 21Extra Space Storage Inc. Announces Dividend for the Fourth Quarter 2025, Payable on December 31, 2025Extra Space Storage Inc. announced that the Company's board of directors has declared a fourth quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on December 31, 2025, to stockholders of record at the close of business on December 15, 2025.
공시 • Oct 30Extra Space Storage Inc. Revises Earnings Guidance for the Year Ending December 31, 2025Extra Space Storage Inc. revised earnings guidance for the Year Ending December 31, 2025 . For the year, the company anticipates Same-store revenue growth to be negative 0.25% to positive 0.25% compared to previous guidance of negative 0.5% to positive 1%. Same-store NOI growth to be negative 2.25% to 1.25% compared to previous guidance of negative 2.75% to positive 0.00%.Net income attributable to common stockholders per diluted share to be in range of $4.16 to $4.24. Net Income to be in range of $1,037,636,000 to $1,064,636,000.
공시 • Sep 25Extra Space Storage Inc. to Report Q3, 2025 Results on Oct 29, 2025Extra Space Storage Inc. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025
공시 • Aug 22Extra Space Storage Inc. Declares Dividend for the Third Quarter of 2025, Payable on September 30, 2025Extra Space Storage Inc. announced that the Company's board of directors has declared a third quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on September 30, 2025, to stockholders of record at the close of business on September 15, 2025.
공시 • Jun 25Extra Space Storage Inc. to Report Q2, 2025 Results on Jul 30, 2025Extra Space Storage Inc. announced that they will report Q2, 2025 results After-Market on Jul 30, 2025
공시 • May 23Extra Space Storage Inc. Announces Second Quarter 2025 Dividend, Payable on June 30, 2025Extra Space Storage Inc. announced that the Company's board of directors has declared a second quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on June 30, 2025, to stockholders of record at the close of business on June 16, 2025.
공시 • Apr 03Extra Space Storage Inc., Annual General Meeting, May 21, 2025Extra Space Storage Inc., Annual General Meeting, May 21, 2025.
공시 • Apr 01Extra Space Storage Inc. to Report Q1, 2025 Results on Apr 29, 2025Extra Space Storage Inc. announced that they will report Q1, 2025 results After-Market on Apr 29, 2025
공시 • Feb 26Extra Space Storage Inc. Provides Earnings Guidance for the Year Ending December 31, 2025Extra Space Storage Inc. provided earnings guidance for the year ending December 31, 2025. For the year ending December 31, 2025, the company expects net income attributable to common stockholders per diluted share of $4.38 to $4.68. Net income of $1,039,500,000 to $1,120,25,000. Total same-store net operating income of $1,871,750,000 to $1,936,500,000.
공시 • Feb 22Extra Space Storage Inc. Announces First Quarter 2025 Dividend, Payable on March 31, 2025Extra Space Storage Inc. announced that the Company's board of directors has declared a first quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on March 31, 2025, to stockholders of record at the close of business on March 14, 2025.
공시 • Jan 25Extra Space Storage Inc. to Report Q4, 2024 Results on Feb 25, 2025Extra Space Storage Inc. announced that they will report Q4, 2024 results on Feb 25, 2025
공시 • Nov 16Extra Space Storage Inc. Announces Dividend for the Fourth Quarter 2024, Payable on December 31, 2024Extra Space Storage Inc. announced that the Company's board of directors has declared a fourth quarter 2024 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on December 31, 2024, to stockholders of record at the close of business on December 16, 2024.
Reported Earnings • Oct 30Third quarter 2024 earnings released: EPS: US$0.91 (vs US$0.96 in 3Q 2023)Third quarter 2024 results: EPS: US$0.91. Revenue: US$824.8m (up 8.1% from 3Q 2023). Net income: US$193.2m (up 2.7% from 3Q 2023). Profit margin: 23% (down from 25% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.2% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Global Specialized REITs industry.
공시 • Sep 26Extra Space Storage Inc. to Report Q3, 2024 Results on Oct 29, 2024Extra Space Storage Inc. announced that they will report Q3, 2024 results After-Market on Oct 29, 2024
Upcoming Dividend • Sep 09Upcoming dividend of US$1.62 per shareEligible shareholders must have bought the stock before 16 September 2024. Payment date: 30 September 2024. Trailing yield: 3.7%. Lower than top quartile of German dividend payers (4.9%). In line with average of industry peers (3.6%).
Declared Dividend • Aug 26Second quarter dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 16th September 2024 Payment date: 30th September 2024 Dividend yield will be 3.8%, which is about the same as the industry average.
공시 • Aug 20Extra Space Storage Inc. Announces Third Quarter 2024 Dividend, Payable on September 30, 2024Extra Space Storage Inc. announced that the Company's board of directors has declared a third quarter 2024 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on September 30, 2024, to stockholders of record at the close of business on September 16, 2024.
Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: US$0.88 (vs US$1.50 in 2Q 2023)Second quarter 2024 results: EPS: US$0.88 (down from US$1.50 in 2Q 2023). Revenue: US$810.7m (up 55% from 2Q 2023). Net income: US$185.9m (down 8.0% from 2Q 2023). Profit margin: 23% (down from 39% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has remained flat, which means it is well ahead of earnings.
New Risk • Jul 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).
New Risk • Jul 15New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).
New Risk • Jul 08New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).
New Risk • Jul 01New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).
New Risk • Jun 30New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).
공시 • Jun 26Extra Space Storage Inc. to Report Q2, 2024 Results on Jul 30, 2024Extra Space Storage Inc. announced that they will report Q2, 2024 results After-Market on Jul 30, 2024
New Risk • Jun 23New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).
New Risk • Jun 13New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).
New Risk • Jun 12New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).
New Risk • Jun 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).
New Risk • Jun 03New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).
Declared Dividend • Jun 03Dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 14th June 2024 Payment date: 28th June 2024 Dividend yield will be 4.6%, which is higher than the industry average of 3.8%.
New Risk • May 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (14% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Minor Risk Profit margins are more than 30% lower than last year (28% net profit margin).
Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$1.01 (vs US$1.46 in 1Q 2023)First quarter 2024 results: EPS: US$1.01. Revenue: US$799.5m (up 56% from 1Q 2023). Net income: US$213.1m (up 8.7% from 1Q 2023). Profit margin: 27% (down from 38% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Global Specialized REITs industry.
공시 • Apr 16Extra Space Storage Inc. has filed a Follow-on Equity Offering in the amount of $800 million.Extra Space Storage Inc. has filed a Follow-on Equity Offering in the amount of $800 million. Security Name: Common Stock Security Type: Common Stock Transaction Features: At the Market Offering
공시 • Apr 04Extra Space Storage Inc., Annual General Meeting, May 23, 2024Extra Space Storage Inc., Annual General Meeting, May 23, 2024, at 14:00 US Mountain Standard Time. Agenda: To consider Election of Directors; to consider Ratification of the engagement of Ernst & Young LLP as the Company's independent registered public accounting firm for 2024; and to consider Advisory vote to approve compensation of named executive officers.
공시 • Mar 29Extra Space Storage Inc. to Report Q1, 2024 Results on Apr 30, 2024Extra Space Storage Inc. announced that they will report Q1, 2024 results After-Market on Apr 30, 2024
Upcoming Dividend • Mar 07Upcoming dividend of US$1.62 per shareEligible shareholders must have bought the stock before 14 March 2024. Payment date: 29 March 2024. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (3.9%).
Reported Earnings • Feb 28Full year 2023 earnings released: EPS: US$4.75 (vs US$6.41 in FY 2022)Full year 2023 results: EPS: US$4.75 (down from US$6.41 in FY 2022). Revenue: US$2.56b (up 30% from FY 2022). Net income: US$803.2m (down 6.5% from FY 2022). Profit margin: 31% (down from 44% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 8% per year and the company’s share price has also increased by 8% per year.
New Risk • Feb 26New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin). Significant insider selling over the past 3 months (€6.8m sold).
Declared Dividend • Feb 25Dividend of US$1.62 announcedShareholders will receive a dividend of US$1.62. Ex-date: 14th March 2024 Payment date: 29th March 2024 Dividend yield will be 4.7%, which is higher than the industry average of 3.8%.
공시 • Feb 23Extra Space Storage Inc. Announces First Quarter 2024 Dividend, Payable on March 29, 2024Extra Space Storage Inc. announced that the Company's board of directors has declared a first quarter 2024 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on March 29, 2024 to stockholders of record at the close of business on March 15, 2024.
New Risk • Feb 19New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin). Significant insider selling over the past 3 months (€6.8m sold).
New Risk • Jan 29New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Dividend is not well covered by cash flows (108% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin). Profit margins are more than 30% lower than last year (34% net profit margin). Significant insider selling over the past 3 months (€6.8m sold).
공시 • Jan 27Extra Space Storage Inc. to Report Q4, 2023 Results on Feb 27, 2024Extra Space Storage Inc. announced that they will report Q4, 2023 results After-Market on Feb 27, 2024
New Risk • Jan 22New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Dividend is not well covered by cash flows (108% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin). Profit margins are more than 30% lower than last year (34% net profit margin). Significant insider selling over the past 3 months (€6.8m sold).
Recent Insider Transactions • Dec 15Insider recently sold €3.3m worth of stockOn the 13th of December, Joseph Saffire sold around 25k shares on-market at roughly €131 per share. This transaction amounted to 27% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €4.2m more than they bought in the last 12 months.
New Risk • Dec 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (108% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin).
Upcoming Dividend • Dec 07Upcoming dividend of US$1.62 per share at 4.7% yieldEligible shareholders must have bought the stock before 14 December 2023. Payment date: 29 December 2023. Trailing yield: 4.7%. Lower than top quartile of German dividend payers (5.2%). Higher than average of industry peers (4.0%).
공시 • Nov 17Extra Space Storage Inc. Declares Fourth Quarter 2023 Dividend, Payable on December 29, 2023Extra Space Storage Inc. announced that the Company's board of directors has declared a fourth quarter 2023 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on December 29, 2023 to stockholders of record at the close of business on December 15, 2023.
New Risk • Nov 08New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 34% Last year net profit margin: 49% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (11% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risks Dividend is not well covered by cash flows (118% cash payout ratio). Profit margins are more than 30% lower than last year (34% net profit margin).
Reported Earnings • Nov 08Third quarter 2023 earnings released: EPS: US$0.96 (vs US$1.65 in 3Q 2022)Third quarter 2023 results: EPS: US$0.96 (down from US$1.65 in 3Q 2022). Revenue: US$748.0m (up 47% from 3Q 2022). Net income: US$188.4m (down 14% from 3Q 2022). Profit margin: 25% (down from 43% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
공시 • Oct 11Extra Space Storage Inc. to Report Q3, 2023 Results on Nov 07, 2023Extra Space Storage Inc. announced that they will report Q3, 2023 results After-Market on Nov 07, 2023
Upcoming Dividend • Sep 07Upcoming dividend of US$0.61 per share at 5.1% yieldEligible shareholders must have bought the stock before 14 September 2023. Payment date: 29 September 2023. Trailing yield: 5.1%. Within top quartile of German dividend payers (4.8%). Higher than average of industry peers (4.1%).
공시 • Aug 19Extra Space Storage Inc. Announces Second Dividend of the Third Quarter 2023, Payable on September 29, 2023Extra Space Storage Inc. announced that the Company's board of directors has declared a dividend of $0.61 per share of common stock to be paid on September 29, 2023 to stockholders of record at the close of business on September 15, 2023. In addition to this dividend of $0.61 per share of common stock, the Company previously paid a dividend of $1.01 per share of common stock on July 19, 2023 prior to its merger with Life Storage Inc. The pre-closing dividend was attributed to the total amount paid for the third quarter, so that between the pre-closing dividend of $1.01 per share and today's announced quarterly dividend of $0.61 per share to be paid, an EXR stockholder will receive a total dividend of $1.62 per share of common stock, consistent with the Company's second quarter 2023 dividend. It is anticipated that the Company's board of directors will return to its historical practice of paying a single quarterly dividend during the fourth quarter of 2023.
New Risk • Aug 08New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 57% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (16% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (57% increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (117% cash payout ratio).
Reported Earnings • Aug 04Second quarter 2023 earnings released: EPS: US$1.50 (vs US$1.73 in 2Q 2022)Second quarter 2023 results: EPS: US$1.50 (down from US$1.73 in 2Q 2022). Revenue: US$511.4m (up 5.4% from 2Q 2022). Net income: US$202.4m (down 13% from 2Q 2022). Profit margin: 40% (down from 48% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 13% per year, which means it is significantly lagging earnings growth.
New Risk • Jul 31New minor risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 56% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (17% operating cash flow to total debt). Shareholders have been substantially diluted in the past year (56% increase in shares outstanding). Minor Risk Dividend is not well covered by cash flows (117% cash payout ratio).
공시 • Jul 23Extra Space Storage Inc. Announces Board AppointmentsExtra Space Storage Inc. and Life Storage Inc. announced that the companies have completed their previously announced merger, following approval by the shareholders of both companies. The combined company is now the largest storage operator in the country (based on the number of self-storage locations) with over 3,500 locations, approximately 270 million square feet of rentable storage space, and over two million customers. The combined entity will be among the largest REITs in the MSCI U.S. REIT Index, with an enterprise value of approximately $46 billion. In connection with the completion of the merger, the Extra Space board has expanded from 10 to 13 directors with the addition of three new directors designated by Life Storage: Mark G. Barberio, Joseph V. Saffire, and Susan Harnett.
공시 • Jul 07Extra Space Storage Inc. to Report Q2, 2023 Results on Aug 03, 2023Extra Space Storage Inc. announced that they will report Q2, 2023 results on Aug 03, 2023
공시 • Jul 04Extra Space Storage Inc. Announces Dividend on Common Stock, Payable on July 19, 2023Extra Space Storage Inc. announced that the Company's board of directors has declared a dividend of $1.01 per share on the common stock of the Company, as permitted by the terms of the merger agreement the Company entered into with Life Storage Inc. The dividend is payable on July 19, 2023 to stockholders of record at the close of business on July 13, 2023.
Upcoming Dividend • Jun 07Upcoming dividend of US$1.62 per share at 4.5% yieldEligible shareholders must have bought the stock before 14 June 2023. Payment date: 30 June 2023. Trailing yield: 4.5%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.0%).
공시 • May 27Extra Space Storage Inc. Declares Dividend for the Second Quarter 2023, Payable on June 30, 2023Extra Space Storage Inc. announced that the Company's board of directors has declared a quarterly dividend of $1.62 per share on the common stock of the Company for the second quarter 2023. The dividend is payable on June 30, 2023 to stockholders of record at the close of business on June 15, 2023.
공시 • May 04Extra Space Storage Inc. Provides Earnings Guidance for the Year Ending December 31, 2023Extra Space Storage Inc. provided earnings guidance for the year ending December 31, 2023. For the year, the company expects net income to be in the range of $870,750,000 to $906,100,000 and net income attributable to common stockholders per diluted share to be in the range of $5.66 to $5.96.
Reported Earnings • May 03First quarter 2023 earnings released: EPS: US$1.46 (vs US$1.52 in 1Q 2022)First quarter 2023 results: EPS: US$1.46 (down from US$1.52 in 1Q 2022). Revenue: US$503.1m (up 11% from 1Q 2022). Net income: US$196.3m (down 3.4% from 1Q 2022). Profit margin: 39% (down from 45% in 1Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Global Specialized REITs industry. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Mar 11Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 2.7%. The fair value is estimated to be €186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 29%. Revenue is forecast to decline by 3.4% in 2 years. Earnings is forecast to grow by 6.8% in the next 2 years.
Upcoming Dividend • Mar 07Upcoming dividend of US$1.62 per share at 3.9% yieldEligible shareholders must have bought the stock before 14 March 2023. Payment date: 31 March 2023. Trailing yield: 3.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%).
Recent Insider Transactions • Mar 04Executive VP & Chief Legal Officer recently sold €232k worth of stockOn the 2nd of March, Gwyn McNeal sold around 2k shares on-market at roughly €155 per share. This transaction amounted to 4.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €1.7m more than they sold in the last 12 months.
Reported Earnings • Feb 24Full year 2022 earnings released: FFO per share: US$8.9 (vs US$7.30 in FY 2021)Full year 2022 results: FFO per share: US$8.9 (up from US$7.30 in FY 2021). Revenue: US$1.97b (up 22% from FY 2021). Funds from operations (FFO): US$1.20b (up 23% from FY 2021). FFO margin: 61% (in line with FY 2021). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 18% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Feb 23Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 2.3%. The fair value is estimated to be €186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 2.8% per annum over the same time period.
공시 • Feb 17Extra Space Storage Inc. Announces 1st Quarter 2023 Dividend, Payable on March 31, 2023Extra Space Storage Inc. announced that the Company's board of directors has declared a first quarter 2023 dividend of $1.62 per share on the common stock of the Company, an 8% increase over the prior quarter's dividend. The dividend is payable on March 31, 2023 to stockholders of record at the close of business on March 15, 2023.
Buying Opportunity • Jan 31Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €180, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 30%. For the next 3 years, revenue is forecast to grow by 5.7% per annum. Earnings is also forecast to grow by 2.8% per annum over the same time period.
공시 • Jan 25Extra Space Storage Inc. to Report Q4, 2022 Results on Feb 22, 2023Extra Space Storage Inc. announced that they will report Q4, 2022 results After-Market on Feb 22, 2023
Upcoming Dividend • Dec 06Upcoming dividend of US$1.50 per shareEligible shareholders must have bought the stock before 13 December 2022. Payment date: 30 December 2022. Trailing yield: 3.8%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (5.4%).
Reported Earnings • Nov 03Third quarter 2022 earnings released: FFO per share: US$2.3 (vs US$1.97 in 3Q 2021)Third quarter 2022 results: FFO per share: US$2.3 (up from US$1.97 in 3Q 2021). Revenue: US$510.1m (up 21% from 3Q 2021). Funds from operations (FFO): US$308.7m (up 18% from 3Q 2021). FFO margin: 61% (down from 62% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Sep 07Upcoming dividend of US$1.50 per shareEligible shareholders must have bought the stock before 14 September 2022. Payment date: 30 September 2022. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.1%).
Reported Earnings • Aug 03Second quarter 2022 earnings released: EPS: US$1.73 (vs US$1.25 in 2Q 2021)Second quarter 2022 results: EPS: US$1.73 (up from US$1.25 in 2Q 2021). Revenue: US$475.0m (up 23% from 2Q 2021). Net income: US$232.1m (up 38% from 2Q 2021). Profit margin: 49% (up from 43% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to decline by 8.0% while the industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 07Upcoming dividend of US$1.50 per shareEligible shareholders must have bought the stock before 14 June 2022. Payment date: 30 June 2022. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.2%). Lower than average of industry peers (4.4%).
Reported Earnings • May 04First quarter 2022 earnings released: EPS: US$1.52 (vs US$1.54 in 1Q 2021)First quarter 2022 results: EPS: US$1.52. Revenue: US$443.6m (up 21% from 1Q 2021). Net income: US$203.6m (flat on 1Q 2021). Profit margin: 46% (down from 55% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to decline by 7.8% while the industry in Germany is not expected to grow.
Recent Insider Transactions • Mar 13Chairman of the Board recently bought €1.9m worth of stockOn the 7th of March, Kenneth Woolley bought around 11k shares on-market at roughly €185 per share. This was the largest purchase by an insider in the last 3 months. This was Kenneth's only on-market trade for the last 12 months.
Upcoming Dividend • Mar 07Upcoming dividend of US$1.50 per shareEligible shareholders must have bought the stock before 14 March 2022. Payment date: 31 March 2022. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (3.5%). Higher than average of industry peers (1.5%).
Recent Insider Transactions • Mar 02Executive VP & Chief Legal Officer recently sold €597k worth of stockOn the 25th of February, Gwyn McNeal sold around 4k shares on-market at roughly €171 per share. In the last 3 months, there was an even bigger sale from another insider worth €875k. Insiders have been net sellers, collectively disposing of €77m more than they bought in the last 12 months.
Reported Earnings • Feb 24Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: US$6.21 (up from US$3.71 in FY 2020). Revenue: US$1.58b (up 14% from FY 2020). Net income: US$827.6m (up 72% from FY 2020). Profit margin: 53% (up from 35% in FY 2020). The increase in margin was primarily driven by lower expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to decline by -6.8% while the reits industry in Germany is not expected to grow. Over the last 3 years on average, earnings per share has increased by 21% per year whereas the company’s share price has increased by 25% per year.
Recent Insider Transactions • Dec 16Executive VP & CFO recently sold €875k worth of stockOn the 13th of December, P. Stubbs sold around 5k shares on-market at roughly €189 per share. This was the largest sale by an insider in the last 3 months. P. has been a seller over the last 12 months, reducing personal holdings by €1.6m.
Upcoming Dividend • Dec 08Upcoming dividend of US$1.25 per shareEligible shareholders must have bought the stock before 14 December 2021. Payment date: 31 December 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.4%). Lower than average of industry peers (2.8%).
Recent Insider Transactions • Nov 05Executive VP & COO recently sold €70k worth of stockOn the 2nd of November, Matthew Herrington sold around 400 shares on-market at roughly €175 per share. In the last 3 months, there was an even bigger sale from another insider worth €37m. Matthew has been a seller over the last 12 months, reducing personal holdings by €174k.
Reported Earnings • Oct 28Third quarter 2021 earnings released: EPS US$1.41 (vs US$0.89 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$412.5m (up 18% from 3Q 2020). Net income: US$188.3m (up 65% from 3Q 2020). Profit margin: 46% (up from 33% in 3Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth.
Upcoming Dividend • Sep 07Upcoming dividend of US$1.25 per shareEligible shareholders must have bought the stock before 14 September 2021. Payment date: 30 September 2021. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.3%).
Recent Insider Transactions • Aug 22Independent Director recently sold €37m worth of stockOn the 17th of August, Spencer Kirk sold around 244k shares on-market at roughly €150 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €84m more than they bought in the last 12 months.