Extra Space Storage Inc.

Extra Space Storage Inc.

EXR

Market Cap$32.08B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Extra Space Storage Inc.Extra Space Storage Inc.35.14.29%11%10-

Earnings Call Q1 2025

April 30, 2025 - AI Summary

Strong Q1 Performance: Extra Space Storage reported a core FFO (Funds from Operations) of $2 per share, marking a 2% increase year-over-year. Same-store occupancy remained high at 93.4%, with a 0.3% revenue growth compared to the previous year. This solid performance demonstrates effective revenue management and customer acquisition strategies.
External Growth Initiatives: The company completed $153.8 million in wholly owned acquisitions, adding 12 stores to its portfolio. In addition, they dissolved a joint venture to achieve 100% ownership in 6 properties, enhancing their direct control over assets. The management has plans for continued acquisitions with a full-year target of $600 million, indicating confidence in market opportunities.
Uncontrollable Expense Pressure: There was an 8% increase in uncontrollable expenses, primarily driven by property tax pressures and weather-related costs. This resulted in a 1.2% decrease in same-store NOI (Net Operating Income) compared to Q1 2024, highlighting challenges in cost management amid inflation and unexpected external pressures.

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$165.00

Target Price by Analysts

10.1% upsideExtra Space Storage Target Price DetailsTarget Price
$164.49

Current Fair Value

9.7% upside

Undervalued by 9.7% based on the discounted cash flow analysis.

Share Statistics

Market cap$32.08 Billion
Enterprise Value$31.96 Billion
Dividend Yield$6.48 (4.2871319880913%)
Earnings per Share$4.03
Beta1.15
Outstanding Shares211,850,618

Return

Return on Equity-
Return on Assets-
Return on Invested Capital-

Valuation & Multiples

P/E Ratio35.11
PEG129.53
Price to Sales10.0
Price to Book Ratio2.17
Enterprise Value to Revenue9.75
Enterprise Value to EBIT33.53
Enterprise Value to Net Income20
Total Debt to Enterprise0
Debt to Equity0

Revenue Sources

No data

Insider Trades

ESG Score

No data

About Extra Space Storage Inc.