Extra Average Equity vs Free Cash Flow Analysis

EXR Stock  USD 147.00  0.25  0.17%   
Trend analysis of Extra Space Storage balance sheet accounts such as Liabilities And Stockholders Equity of 28.8 B or Total Stockholder Equity of 15.1 B provides information on Extra Space's total assets, liabilities, and equity, which is the actual value of Extra Space Storage to its prevalent stockholders. By breaking down trends over time using Extra Space balance sheet statements, investors will see what precisely the company owns and what it owes to creditors or other parties at the end of each accounting year.
  
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.

About Extra Balance Sheet Analysis

Balance Sheet is a snapshot of the financial position of Extra Space Storage at a specified time, usually calculated after every quarter, six months, or one year. Extra Space Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Extra Space and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Extra currently owns. An asset can also be divided into two categories, current and non-current.

Extra Space Balance Sheet Chart

Extra Space Balance Sheet is one of the main financial statements that report all assets, liabilities, and shareholders' equity for the current year. It provides a basis for different types of computing rates of return, such as return on equity (ROE) or return on asset (ROA), as well as shows how Extra Space Storage uses and utilizes its capital. It also shows what exactly a company owns and owes.
At this time, Extra Space's Other Stockholder Equity is relatively stable compared to the past year. As of 03/28/2024, Total Liabilities is likely to grow to about 12.6 B, though Other Current Liabilities is likely to grow to (655.3 M).

Total Assets

Total assets refers to the total amount of Extra Space assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Extra Space Storage books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Common Stock Shares Outstanding

The total number of shares of a company's common stock that are currently owned by all its shareholders.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Extra Space's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Extra Space Storage current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. 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.
At this time, Extra Space's Selling General Administrative is relatively stable compared to the past year. As of 03/28/2024, Issuance Of Capital Stock is likely to grow to 0.00, while Tax Provision is likely to drop slightly above 15.8 M.
 2021 2022 2023 2024 (projected)
Gross Profit1.2B1.5B2.5B2.6B
Total Revenue1.6B1.9B2.6B2.7B

Extra Space fundamental ratios Correlations

0.44-0.890.980.531.00.40.950.970.980.97-0.270.880.970.76-0.150.97-0.491.00.920.420.89-0.310.97-0.150.93
0.44-0.160.320.40.470.610.290.560.330.55-0.860.70.530.32-0.190.53-0.530.450.310.580.35-0.820.55-0.190.23
-0.89-0.16-0.97-0.21-0.87-0.19-0.85-0.75-0.97-0.750.04-0.57-0.76-0.520.08-0.760.49-0.89-0.89-0.21-0.710.12-0.770.08-0.99
0.980.32-0.970.390.960.310.930.891.00.89-0.190.750.890.66-0.10.89-0.50.970.930.330.83-0.260.9-0.10.99
0.530.4-0.210.390.550.450.620.60.390.65-0.210.680.640.77-0.180.64-0.110.530.250.450.66-0.170.62-0.180.3
1.00.47-0.870.960.550.420.950.970.960.98-0.30.890.980.78-0.140.98-0.491.00.910.440.91-0.340.98-0.140.92
0.40.61-0.190.310.450.420.390.470.320.48-0.480.540.460.43-0.360.46-0.320.40.21.00.43-0.450.46-0.360.3
0.950.29-0.850.930.620.950.390.90.930.92-0.120.790.920.86-0.090.92-0.320.950.840.410.96-0.170.9-0.090.9
0.970.56-0.750.890.60.970.470.90.891.0-0.340.961.00.8-0.21.0-0.440.970.870.480.9-0.361.0-0.20.81
0.980.33-0.971.00.390.960.320.930.890.89-0.20.760.890.65-0.10.89-0.520.970.920.330.82-0.270.9-0.10.99
0.970.55-0.750.890.650.980.480.921.00.89-0.340.961.00.83-0.191.0-0.450.970.850.490.91-0.361.0-0.190.82
-0.27-0.860.04-0.19-0.21-0.3-0.48-0.12-0.34-0.2-0.34-0.49-0.32-0.120.0-0.320.59-0.27-0.16-0.46-0.160.99-0.340.0-0.13
0.880.7-0.570.750.680.890.540.790.960.760.96-0.490.960.77-0.260.96-0.440.880.740.540.82-0.480.96-0.260.65
0.970.53-0.760.890.640.980.460.921.00.891.0-0.320.960.83-0.191.0-0.450.970.860.480.9-0.341.0-0.190.82
0.760.32-0.520.660.770.780.430.860.80.650.83-0.120.770.83-0.050.83-0.190.760.620.440.92-0.130.79-0.050.59
-0.15-0.190.08-0.1-0.18-0.14-0.36-0.09-0.2-0.1-0.190.0-0.26-0.19-0.05-0.190.0-0.15-0.1-0.36-0.09-0.05-0.21.0-0.07
0.970.53-0.760.890.640.980.460.921.00.891.0-0.320.961.00.83-0.19-0.450.970.860.470.9-0.341.0-0.190.82
-0.49-0.530.49-0.5-0.11-0.49-0.32-0.32-0.44-0.52-0.450.59-0.44-0.45-0.190.0-0.45-0.49-0.42-0.31-0.160.62-0.470.0-0.51
1.00.45-0.890.970.531.00.40.950.970.970.97-0.270.880.970.76-0.150.97-0.490.910.420.89-0.310.98-0.150.93
0.920.31-0.890.930.250.910.20.840.870.920.85-0.160.740.860.62-0.10.86-0.420.910.220.78-0.220.86-0.10.9
0.420.58-0.210.330.450.441.00.410.480.330.49-0.460.540.480.44-0.360.47-0.310.420.220.44-0.430.48-0.360.32
0.890.35-0.710.830.660.910.430.960.90.820.91-0.160.820.90.92-0.090.9-0.160.890.780.44-0.190.89-0.090.77
-0.31-0.820.12-0.26-0.17-0.34-0.45-0.17-0.36-0.27-0.360.99-0.48-0.34-0.13-0.05-0.340.62-0.31-0.22-0.43-0.19-0.36-0.05-0.21
0.970.55-0.770.90.620.980.460.91.00.91.0-0.340.961.00.79-0.21.0-0.470.980.860.480.89-0.36-0.20.83
-0.15-0.190.08-0.1-0.18-0.14-0.36-0.09-0.2-0.1-0.190.0-0.26-0.19-0.051.0-0.190.0-0.15-0.1-0.36-0.09-0.05-0.2-0.07
0.930.23-0.990.990.30.920.30.90.810.990.82-0.130.650.820.59-0.070.82-0.510.930.90.320.77-0.210.83-0.07
Click cells to compare fundamentals

Extra Space Account Relationship Matchups

Extra Space fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets8.5B9.4B10.5B12.2B27.5B28.8B
Common Stock Shares Outstanding136.4M129.6M140.0M141.7M169.2M102.0M
Liabilities And Stockholders Equity8.5B9.4B10.5B12.2B27.5B28.8B
Other Current Liab45.3M47.1M63.6M67.4M(689.8M)(655.3M)
Total Stockholder Equity2.5B2.5B3.1B3.3B14.4B15.1B
Other Liab96.5M272.8M291.5M144.0M165.6M173.9M
Accounts Payable111.4M130.0M142.3M171.7M334.5M351.2M
Cash65.7M109.1M71.1M92.9M99.1M65.3M
Other Assets159.2M9.3B9.7B11.0B24.6B25.8B
Long Term Debt4.9B4.8B5.4B7.3B10.3B10.9B
Other Stockholder Equity2.9B3.0B3.3B3.3B14.8B15.5B
Total Liab5.6B6.5B6.7B8.1B12.0B12.6B
Common Stock1.3M1.3M1.3M1.3M2.1M2.6M
Property Plant Equipment7.7B7.9B9.1B10.3B11.8B12.4B
Short Long Term Debt Total5.3B6.0B6.2B7.6B11.4B12.0B
Total Current Liabilities314.6M1.1B740.9M1.2B1.1B1.1B
Net Debt5.3B5.9B6.1B7.5B11.3B11.9B
Retained Earnings(301.0M)(354.9M)(128.2M)(135.9M)(379.0M)(360.1M)
Non Current Assets Total8.5B9.3B10.4B12.1B26.5B27.9B
Non Currrent Assets Other162.1M130.6M159.2M10.2B23.7B24.9B
Cash And Short Term Investments65.7M109.1M71.1M92.9M99.1M69.1M
Common Stock Total Equity1.3M1.3M1.3M1.3M1.2M981.5K
Non Current Liabilities Total5.3B5.3B5.9B6.9B11.0B11.5B
Total Current Assets70.7M128.0M76.2M92.9M929.7M976.2M
Short Term Debt158M949M535M945M689.8M464.8M
Accumulated Other Comprehensive Income(29.0M)(99.1M)(42.5M)48.8M17.4M18.3M
Other Current Assets(70.7M)(128.0M)(495.4M)55.2M(838.5M)(796.6M)
Intangible Assets134.9M137.1M147.0M21.6M147.6M91.0M
Net Tangible Assets2.5B2.5B3.1B3.1B3.5B2.3B
Noncontrolling Interest In Consolidated Entity371.7M381.7M388.3M669.5M769.9M808.4M
Retained Earnings Total Equity(262.9M)(301.0M)(354.9M)(128.2M)(147.5M)(154.9M)
Long Term Debt Total4.9B4.8B6.0B7.5B8.6B9.0B
Capital Surpluse2.9B3.0B3.3B3.3B3.8B2.6B

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.

Moving together with Extra Stock

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Moving against Extra Stock

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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.
Pair CorrelationCorrelation Matching
When determining whether Extra Space Storage is a strong investment it is important to analyze Extra Space's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Extra Space's future performance. For an informed investment choice regarding Extra Stock, refer to the following important reports:
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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.

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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
4.73
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.