Value Investors Snatch Up Extra Space Storage Shares Near 52-Week Low

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EXR Intrinsic Stock Value – Despite its size and long history, Extra Space Storage ($NYSE:EXR) has been struggling in recent years, due in part to the rise of competing companies and the ubiquity of storage options in the digital age.

However, many value investors believe that the company is currently undervalued and see it as a bargain opportunity. This presents a unique opportunity for value investors who are willing to be patient and hold onto the stock for the long term. The company has a strong balance sheet and a healthy dividend, which makes it an attractive investment for those looking for value. Extra Space Storage is a well-established company with a large footprint in the self-storage industry, and its shares may be worth considering for those looking for a bargain opportunity.

Share Price

On Tuesday, shares of Extra Space Storage Inc (EXR) opened at $156.8 and closed at $154.8, up by 0.3% from the previous day’s closing price of $154.3. The slight uptick in the stock price came after value investors started snapping up the shares near the 52-week low. The company has been hit hard by the pandemic as stay-at-home orders and the resulting economic slowdown have led to lower demand for self-storage space.

However, Extra Space Storage has been quick to adapt, implementing new safety protocols and offering discounts and promotions to attract customers. Despite the challenges, Extra Space Storage remains a well-run company with a strong balance sheet. It is one of the few REITs that has maintained its dividend throughout the pandemic.

VI Analysis – EXR Intrinsic Stock Value

Extra Space Storage is the second largest self-storage company in the United States, behind only Public Storage. The intrinsic value of Extra Space Storage shares, as calculated by the Vi line, is around $190.2. This means that the stock is currently undervalued by 19% and is trading at a fair price of $154.8.

VI Peers

Extra Space Storage Inc is one of the leading self-storage providers in the United States. The company has a large network of facilities across the country and offers a wide range of storage solutions to its customers. Extra Space Storage Inc competes with other self-storage providers such as Global Self Storage Inc, National Storage Affiliates Trust, and Life Storage Inc.

– Global Self Storage Inc ($NASDAQ:SELF)

Global Self Storage is a publicly traded real estate investment trust that owns, operates, and develops self storage properties. Headquartered in New York, the company has over 500 storage facilities across the United States, Canada, and the United Kingdom. Global Self Storage is one of the largest self storage companies in the world with over 30 million square feet of storage space.

– National Storage Affiliates Trust ($NYSE:NSA)

National Storage Affiliates Trust is a publicly traded real estate investment trust focused on the ownership, operation and acquisition of self storage properties located throughout the United States. The company has a market cap of $3.68 billion as of March 2022. National Storage Affiliates Trust is headquartered in Denver, Colorado.

– Life Storage Inc ($NYSE:LSI)

As of 2022, Life Storage Inc has a market cap of 8.69B. The company is a self storage company that operates in the United States. The company has over 850 locations in 38 states.

Summary

The company is headquartered in Salt Lake City, Utah. The company has a strong track record of profitability and growth. Extra Space Storage is a well-run company with a solid financial foundation. The company is a great long-term investment for investors who are looking for stability and growth potential.