EXR Stock Fair Value – Extra Space Storage Shares Slip 0.02%, Despite Positive Trading Session

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Extra Space Storage ($NYSE:EXR) Inc. (NYSE: EXR) experienced a slight decrease of 0.02% in its shares on Thursday, which closed at $147.97 during an otherwise positive day for the stock market. On Thursday the stock market had an overall positive session, but despite this, Extra Space Storage Inc. shares still fell slightly by 0.02%. This drop comes despite the company’s recent efforts to expand its portfolio through acquisitions and development projects.

Extra Space Storage Inc. has also recently acquired five properties from StorQuest Self Storage and is in the process of constructing a new facility in California as part of their growth strategy. Despite the share price slipping, the company remains an attractive option for investors looking for a long-term play on the self-storage industry.

Analysis – EXR Stock Fair Value

At GoodWhale, we believe that analyzing a company’s fundamentals is key to making an informed investment decision. This is why we offer comprehensive fundamental analysis of stocks like EXTRA SPACE STORAGE. After analyzing the company’s financials, our proprietary Valuation Line estimates the fair value of EXTRA SPACE STORAGE’s share to be around $200.8. As of now, EXTRA SPACE STORAGE’s stock is traded at $148.8, indicating that it is undervalued by 25.9%. In other words, this offers investors an attractive opportunity to purchase EXTRA SPACE STORAGE’s share at a discounted price. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for EXR. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for EXR. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for EXR. More…

Key Ratios Snapshot

Some of the financial key ratios for EXR are shown below. More…

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

Extra Space Storage Inc. is an attractive stock for investors to consider due to its favorable trading session on Thursday. The stock price slightly decreased by 0.02% to $147.97, demonstrating its low risk and strong potential for growth. Investors should monitor the stock market for opportunities to purchase shares of Extra Space Storage Inc. at a bargain price, as the company is poised for a promising future.

Furthermore, the company’s financials can provide investors with insights into the company’s performance and potential. With careful consideration of market trends and reliable data, investors can find success by investing in Extra Space Storage Inc.