Analyzing Extra Space Storage – A Must Before Investing!

Shares of Specialty Real Estate Investment Trust company Extra Space Storage jumped 2.3% today. With many investors piling into EXR without a second thought, it may be a good idea to take a closer look at the stock. Here are some quick facts to get you started:

  • Extra Space Storage has moved 6.2% over the last year, and the S&P 500 logged a change of 22.5%

  • EXR has an average analyst rating of hold and is 1.38% away from its mean target price of $156.13 per share

  • Its trailing earnings per share (EPS) is $4.29

  • Extra Space Storage has a trailing 12 month Price to Earnings (P/E) ratio of 36.9 while the S&P 500 average is 27.65

  • Its forward earnings per share (EPS) is $4.75 and its forward P/E ratio is 33.3

  • The company has a Price to Book (P/B) ratio of 2.34 in contrast to the S&P 500's average ratio of 4.59

  • Extra Space Storage is part of the Real Estate sector, which has an average P/E ratio of 27.5 and an average P/B of 2.1

  • EXR has reported YOY quarterly earnings growth of -30.9% and gross profit margins of 0.7%

  • The company has a free cash flow of $1.42 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter

  • 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, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands. 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. It is the largest operator of self-storage properties in the United States.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.