Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500.
No risks detected for EXR from our risk checks.
Established dividend payer and slightly overvalued.
Share Price & News
How has Extra Space Storage's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: EXR has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: EXR exceeded the US REITs industry which returned -19.8% over the past year.
Return vs Market: EXR exceeded the US Market which returned -12.7% over the past year.
Price Volatility Vs. Market
How volatile is Extra Space Storage's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall StTrade Alert: The Chairman of the Board Of Extra Space Storage Inc. (NYSE:EXR), Kenneth Woolley, Has Sold Some Shares Recently
1 month ago | Simply Wall StOur Take On Extra Space Storage Inc.'s (NYSE:EXR) CEO Salary
2 months ago | Simply Wall StIs Extra Space Storage Inc.'s (NYSE:EXR) ROE Of 15% Impressive?
Is Extra Space Storage undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: EXR ($96.02) is trading below our estimate of fair value ($139.05)
Significantly Below Fair Value: EXR is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: EXR is poor value based on its PE Ratio (29.4x) compared to the REITs industry average (24.1x).
PE vs Market: EXR is poor value based on its PE Ratio (29.4x) compared to the US market (13x).
Price to Earnings Growth Ratio
PEG Ratio: EXR is poor value based on its PEG Ratio (4.8x)
Price to Book Ratio
PB vs Industry: EXR is overvalued based on its PB Ratio (4.9x) compared to the US REITs industry average (1.3x).
How is Extra Space Storage forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: EXR's forecast earnings growth (6.2% per year) is above the savings rate (1.7%).
Earnings vs Market: EXR's earnings (6.2% per year) are forecast to grow slower than the US market (12.3% per year).
High Growth Earnings: EXR's earnings are forecast to grow, but not significantly.
Revenue vs Market: EXR's revenue is expected to decline over the next 3 years (-2% per year).
High Growth Revenue: EXR's revenue is forecast to decline over the next 3 years (-2% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: EXR's Return on Equity is forecast to be low in 3 years time (16.9%).
How has Extra Space Storage performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: EXR has high quality earnings.
Growing Profit Margin: EXR's current net profit margins (31.8%) are lower than last year (34.2%).
Past Earnings Growth Analysis
Earnings Trend: EXR's earnings have grown by 18.3% per year over the past 5 years.
Accelerating Growth: EXR's earnings growth over the past year (1.1%) is below its 5-year average (18.3% per year).
Earnings vs Industry: EXR earnings growth over the past year (1.1%) underperformed the REITs industry 5%.
Return on Equity
High ROE: EXR's Return on Equity (15.4%) is considered low.
How is Extra Space Storage's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: EXR has a high level of physical assets or inventory.
Debt Coverage by Assets: EXR's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: EXR's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if EXR has a sufficient allowance for bad loans.
Low Risk Liabilities: EXR reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if EXR has an acceptable proportion of non-loan assets held.
Low Risk Deposits: EXR has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if EXR has an appropriate level of bad loans.
What is Extra Space Storage's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: EXR's dividend (3.75%) is higher than the bottom 25% of dividend payers in the US market (1.98%).
High Dividend: EXR's dividend (3.75%) is low compared to the top 25% of dividend payers in the US market (5.49%).
Stability and Growth of Payments
Stable Dividend: EXR's dividends per share have been stable in the past 10 years.
Growing Dividend: EXR's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (68.6%), EXR's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EXR's dividends in 3 years are forecast to be thoroughly covered by earnings (0.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Joe Margolis (58yo)
Mr. Joseph D. Margolis, also known as Joe, J.D. has been the Chief Executive Officer of Extra Space Storage Inc. since January 1, 2017. He served as Executive Vice President of Extra Space Storage Inc. sin ...
CEO Compensation Analysis
Compensation vs Market: Joe's total compensation ($USD4.43M) is below average for companies of similar size in the US market ($USD11.74M).
Compensation vs Earnings: Joe's compensation has been consistent with company performance over the past year.
|CEO & Director||3.17yrs||US$4.43m||0.11% $14.4m|
|Executive VP & CFO||8.25yrs||US$1.91m||0.11% $14.5m|
|Chief Marketing Officer||6.17yrs||US$1.35m||0.058% $7.6m|
|Executive VP||6.67yrs||US$1.27m||0.020% $2.6m|
|Executive VP & Chief Marketing Officer||5.83yrs||US$1.33m||0.047% $6.1m|
|Senior VP of Accounting & Finance and Corporate Controller||no data||no data||0.0056% $723.6k|
|Vice President of Investor Relations & Corporate Communications||no data||no data||no data|
|Senior Vice President of Operations||no data||US$203.12k||no data|
|VP & General Counsel||no data||no data||no data|
|Vice President of Human Resources||no data||no data||no data|
Experienced Management: EXR's management team is seasoned and experienced (6.2 years average tenure).
|CEO & Director||3.17yrs||US$4.43m||0.11% $14.4m|
|Director||no data||no data||no data|
|Independent Director||3.83yrs||US$203.84k||0.0053% $684.6k|
|Chairman of the Board||7.67yrs||US$452.12k||0.39% $50.7m|
|Lead Independent Director||15.58yrs||US$222.50k||0.18% $22.8m|
|Independent Director||6.25yrs||US$200.00k||0.0048% $624.7k|
|Independent Director||1.83yrs||US$164.02k||0.0019% $242.1k|
|Director||0.83yr||no data||no data|
Experienced Board: EXR's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: EXR insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Extra Space Storage Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Extra Space Storage Inc.
- Ticker: EXR
- Exchange: NYSE
- Founded: 1977
- Industry: Specialized REITs
- Sector: Real Estate
- Implied Market Cap: US$13.014b
- Market Cap: US$12.445b
- Shares outstanding: 135.54m
- Website: https://www.extraspace.com
Number of Employees
- Extra Space Storage Inc.
- 2795 East Cottonwood Parkway
- Suite 300
- Salt Lake City
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|EXR||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Aug 2004|
|FG8||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 2004|
|0IJV||LSE (London Stock Exchange)||Yes||Common Stock||GB||USD||Aug 2004|
|FG8||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Aug 2004|
|EXR *||BMV (Bolsa Mexicana de Valores)||Yes||Common Stock||MX||MXN||Aug 2004|
|E1XR34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 4 REPR 1 COM||BR||BRL||Jan 2020|
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2019, the Company owned and/or operated 1,817 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.3 million units and approximately 140.0 million square feet of rentable space. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 02:55|
|End of Day Share Price||2020/03/27 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.