Spencer Kirk - Extra Space Independent Director
| EXR Stock | USD 134.20 1.90 1.40% |
Director
Mr. Spencer F. Kirk is the Director of the Company. He served as the Companys CEO from April 1, 2009 until his retirement on December 31, 2016. In addition, he has served as a director of the Company since its initial public offering in 2004, serving as the Companys Chairman from April 1, 2009 until July 1, 2012. Previously, Mr. Kirk served as the Companys President from September 2007 to April 2009 and as an Executive Vice President of the Companys predecessor from 1998 to 2004. As the owner of more than 2.5 million shares, Mr. Kirk is the Companys largest private individual stockholder. Before his involvement with the Company, Mr. Kirk cofounded Megahertz Corporation in 1985, which became the leading manufacturer of modems for laptop computers in the world. With Mr. Kirk serving as Chairman and CEO, Megahertz grew from a basement operation to the leading supplier of solutionoriented mobile data communications products. Megahertz went public in 1993 and in 1995 was acquired by US Robotics, which was later acquired by 3Com Corporation since 2016.
| Age | 58 |
| Tenure | 8 years |
| Professional Marks | MBA |
| Address | 2795 East Cottonwood Parkway, Salt Lake City, UT, United States, 84121-7033 |
| Phone | 801 365 4600 |
| Web | https://www.extraspace.com |
Extra Space Management Efficiency
The company has Return on Asset of 0.0407 % which means that on every $100 spent on assets, it made $0.0407 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0873 %, implying that it generated $0.0873 on every 100 dollars invested. Extra Space's management efficiency ratios could be used to measure how well Extra Space manages its routine affairs as well as how well it operates its assets and liabilities. As of 04/19/2024, Return On Tangible Assets is likely to drop to 0.02. In addition to that, Return On Capital Employed is likely to drop to 0.04. At this time, Extra Space's Fixed Asset Turnover is relatively stable compared to the past year. As of 04/19/2024, Asset Turnover is likely to grow to 0.1, while Intangible Assets are likely to drop slightly above 91 M.Similar Executives
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Management Performance
| Return On Equity | 0.0873 | ||||
| Return On Asset | 0.0407 |
Extra Space Storage Leadership Team
Elected by the shareholders, the Extra Space's board of directors comprises two types of representatives: Extra Space inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Extra. The board's role is to monitor Extra Space's management team and ensure that shareholders' interests are well served. Extra Space's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Extra Space's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Joseph JD, CEO Director | ||
| Samrat Sondhi, Chief Operating Officer, Executive Vice President | ||
| Dennis Letham, Independent Director | ||
| Gary Sabin, Director | ||
| Roger Porter, Lead Independent Director | ||
| Diane Olmstead, Independent Director | ||
| Spencer Kirk, Independent Director | ||
| Zachary Dickens, Executive Vice President Chief Investment Officer | ||
| Scott Stubbs, CFO and Executive VP | ||
| Noah Springer, Executive Vice President Chief Strategy and Partnership Officer | ||
| Matthew Herrington, Chief Operating Officer, Executive Vice President | ||
| Timothy Arthurs, Senior Operations | ||
| Jeffrey Norman, IR Contact Officer | ||
| Joseph Bonner, Independent Director | ||
| Gary Crittenden, Independent Director | ||
| Julia Ploeg, Independent Director | ||
| Clint Halverson, IR Contact Officer | ||
| Joseph Margolis, Chief Executive Officer, Director | ||
| Frederick Skousen, Independent Director | ||
| Peter Stubbs, Chief Financial Officer, Executive Vice President | ||
| K Skousen, Independent Director | ||
| Karl Haas, Director | ||
| Scott CPA, Executive CFO | ||
| Grace Kunde, Senior Controller | ||
| James Overturf, Executive Vice President, Chief Marketing Officer | ||
| Gwyn McNeal, Executive Vice President Chief Legal Officer | ||
| Ashley Dreier, Independent Director | ||
| Kenneth Woolley, Executive Chairman of the Board |
Extra Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Extra Space a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 0.0873 | ||||
| Return On Asset | 0.0407 | ||||
| Profit Margin | 0.31 % | ||||
| Operating Margin | 0.45 % | ||||
| Current Valuation | 40.69 B | ||||
| Shares Outstanding | 211.62 M | ||||
| Shares Owned By Insiders | 1.08 % | ||||
| Shares Owned By Institutions | 98.92 % | ||||
| Number Of Shares Shorted | 3.88 M | ||||
| Price To Earning | 35.20 X |
Pair Trading with Extra Space
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extra Space will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Extra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extra Space Storage to buy it.
The correlation of Extra Space is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extra Space Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Extra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in interest. You can also try the Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.
Complementary Tools for Extra Stock analysis
When running Extra Space's price analysis, check to measure Extra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.
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Is Extra Space's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Extra Space. If investors know Extra will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Extra Space listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.35) | Dividend Share 6.48 | Earnings Share 4.74 | Revenue Per Share 15.454 | Quarterly Revenue Growth 0.572 |
The market value of Extra Space Storage is measured differently than its book value, which is the value of Extra that is recorded on the company's balance sheet. Investors also form their own opinion of Extra Space's value that differs from its market value or its book value, called intrinsic value, which is Extra Space's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Extra Space's market value can be influenced by many factors that don't directly affect Extra Space's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Extra Space's value and its price as these two are different measures arrived at by different means. Investors typically determine if Extra Space is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Extra Space's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.