Extra Space Storage Stock Today

EXR Stock  USD 141.87  1.33  0.93%   

Performance

0 of 100

 
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Odds Of Distress

Less than 34

 
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Below Average
Extra Space is selling at 141.87 as of the 12th of April 2024; that is -0.93 percent down since the beginning of the trading day. The stock's lowest day price was 141.87. Extra Space has about a 34 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Extra Space Storage are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 13th of March 2024 and ending today, the 12th of April 2024. Click here to learn more.
Business Domain
Equity Real Estate Investment Trusts (REITs)
IPO Date
12th of August 2004
Category
Real Estate
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the SP 500. The Company is the second largest owner andor operator of self-storage stores in the United States and is the largest self-storage management company in the United States. The company has 211.58 M outstanding shares of which 5.18 M shares are currently shorted by investors with about 3.82 days to cover. More on Extra Space Storage

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Extra Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Extra Space's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Extra Space or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Extra Space's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Extra Space's managers, analysts, and investors.
Environment Score
Governance Score
Social Score
CEOJoseph Margolis
Business ConcentrationDiversified REITs, Equity Real Estate Investment Trusts (REITs), Real Estate, NYSE Composite, SP 500 Index, Real Estate, Diversified REITs, REIT—Industrial, Real Estate (View all Sectors)
Average Analyst Recommendation
Analysts covering Extra Space report their recommendations after researching Extra Space's financial statements, talking to executives and customers, or listening in on Extra Space's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Extra Space Storage. The Extra consensus assessment is calculated by taking the average forecast from all of the analysts covering Extra Space.
Financial Strength
Based on the measurements of operating efficiency obtained from Extra Space's historical financial statements, Extra Space Storage may be sliding down financialy. It has an above-average probability of going through some form of financial hardship next quarter. Financial strength of Extra Space Storage is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.0960.0932
Fairly Up
Pretty Stable
Gross Profit Margin0.580.9786
Way Down
Pretty Stable
Net Debt11.9 B11.3 B
Sufficiently Up
Slightly volatile
Total Current Liabilities1.1 B1.1 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total11.5 B11 B
Sufficiently Up
Slightly volatile
Total Assets28.8 B27.5 B
Sufficiently Up
Slightly volatile
Total Current Assets976.2 M929.7 M
Sufficiently Up
Slightly volatile
Extra Space's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Extra Space's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Extra Space's financial leverage. It provides some insight into what part of Extra Space's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Extra Space's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Extra Space deploys its capital and how much of that capital is borrowed.
Liquidity
Extra Space cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has 11.4 B in debt with debt to equity (D/E) ratio of 1.7, which is OK given its current industry classification. Extra Space Storage has a current ratio of 2.54, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. Debt can assist Extra Space until it has trouble settling it off, either with new capital or with free cash flow. So, Extra Space's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Extra Space Storage sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Extra to invest in growth at high rates of return. When we think about Extra Space's use of debt, we should always consider it together with cash and equity.

Net Income

842.07 Million
Extra Space Storage (EXR) is traded on New York Stock Exchange in USA. It is located in 2795 East Cottonwood Parkway, Salt Lake City, UT, United States, 84121-7033 and employs 7,618 people. Extra Space is listed under Diversified REITs category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a total capitalization of 31.33 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Extra Space's market, we take the total number of its shares issued and multiply it by Extra Space's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Extra Space Storage runs under Diversified REITs sector within Real Estate industry. The entity has 211.58 M outstanding shares of which 5.18 M shares are currently shorted by investors with about 3.82 days to cover. Extra Space Storage has about 92.87 M in cash with 1.4 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.67.
Check Extra Space Probability Of Bankruptcy
Ownership Allocation
Extra Space Storage retains a total of 211.58 Million outstanding shares. The majority of Extra Space Storage outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to obtain positions in Extra Space Storage to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Extra Space. Please pay attention to any change in the institutional holdings of Extra Space Storage as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Extra Ownership Details

Extra Stock Price Odds Analysis

In regard to a normal probability distribution, the odds of Extra Space jumping above the current price in 90 days from now is about 67.09%. The Extra Space Storage probability density function shows the probability of Extra Space stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.7684 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Extra Space will likely underperform. Additionally, extra Space Storage has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
  Odds Below 141.87HorizonTargetOdds Above 141.87
32.60%90 days
 141.87 
67.09%
Based on a normal probability distribution, the odds of Extra Space to move above the current price in 90 days from now is about 67.09 (This Extra Space Storage probability density function shows the probability of Extra Stock to fall within a particular range of prices over 90 days) .

Extra Stock Institutional Holders

Institutional Holdings refers to the ownership stake in Extra Space that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Extra Space's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Extra Space's value.
InstituionRecorded OnShares
Dimensional Fund Advisors, Inc.2023-12-31
3.1 M
Legal & General Group Plc2023-12-31
2.9 M
Apg Investments Us Inc2023-12-31
2.8 M
Jpmorgan Chase & Co2023-12-31
2.8 M
T. Rowe Price Associates, Inc.2023-12-31
2.8 M
Daiwa Securities Group Inc2023-12-31
2.7 M
Centersquare Investment Management Llc2023-12-31
2.5 M
Amvescap Plc.2023-12-31
2.4 M
Wellington Management Company Llp2023-12-31
2.2 M
Vanguard Group Inc2023-12-31
33.5 M
Blackrock Inc2023-12-31
21.3 M
View Extra Space Diagnostics

Extra Space Historical Income Statement

Extra Space Storage Income Statement is one of the three primary financial statements used for reporting Extra's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Extra Space Storage revenue and expense. Extra Space Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Extra Space's Total Operating Expenses is relatively stable compared to the past year. As of 04/12/2024, Net Income is likely to grow to about 843.4 M, while Cost Of Revenue is likely to drop slightly above 52.1 M. View More Fundamentals

Extra Stock Against Markets

Picking the right benchmark for Extra Space stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Extra Space stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Extra Space is critical whether you are bullish or bearish towards Extra Space Storage at a given time. Please also check how Extra Space's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Extra Space without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Extra Space Corporate Directors

Extra Space corporate directors refer to members of an Extra Space board of directors. The board of directors generally takes responsibility for the Extra Space's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Extra Space's board members must vote for the resolution. The Extra Space board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Dennis LethamIndependent DirectorProfile
Gary SabinDirectorProfile
Roger PorterLead Independent DirectorProfile
Diane OlmsteadIndependent DirectorProfile

How to buy Extra Stock?

Before investing in Extra Space, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Extra Space. To buy Extra Space stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Extra Space. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Extra Space stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Extra Space Storage stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Extra Space Storage stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Extra Space Storage, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Extra Stock please use our How to Invest in Extra Space guide.

Already Invested in Extra Space Storage?

The danger of trading Extra Space Storage is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Extra Space is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Extra Space. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Extra Space Storage is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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.