NYSE:EXRSpecialized REITs
Is Extra Space Storage (EXR) Reasonable Near Fair Value?
Extra Space Storage stock has delivered a 26.5% total return over the past three years, yet current checks suggest the shares now sit close to intrinsic value rather than at a clear discount. The Discounted Cash Flow (DCF) intrinsic value estimate and market multiples both point to pricing that looks about right, while the broader valuation score sits in the middle of the range.
A 26.5% return over three years indicates Extra Space Storage has rewarded patient shareholders, which makes the...