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, 2024, the Company owned and/or operated 4,011 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 2.8 million units and approximately 308.4 million square feet of rentable space operating under the Extra Space brand. 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.
Market Dominance | Extra Space Storage leads as the largest third-party storage manager, leveraging scale for operational efficiency and strong financial performance |
Competitive Pressures | Explore how declining move-in rates and intense price competition are challenging EXR's growth, forcing strategic adaptations in a dynamic market |
Financial Resilience | Delve into EXR's impressive Q3 earnings, surpassing expectations with Core FFOps of $2.07 per share, despite industry-wide headwinds |
Future Prospects | Analyst targets range from $155 to $198, reflecting cautious optimism for 2025 amid potential housing demand uptick and interest rate shifts |
Metrics to compare | EXR | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipEXRPeersSector | |
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P/E Ratio | 35.3x | 19.4x | 8.2x | |
PEG Ratio | −2.36 | −0.40 | 0.01 | |
Price/Book | 2.3x | 1.9x | 0.9x | |
Price / LTM Sales | 9.4x | 4.8x | 3.6x | |
Upside (Analyst Target) | 14.7% | 27.5% | 20.4% | |
Fair Value Upside | Unlock | −0.8% | 2.9% | Unlock |