EXR Stock Fair Value – Extra Space Storage Stock Soars 2023 Trading Day, Outperforms Market.
March 26, 2023
Trending News 🌥️
Extra Space Storage ($NYSE:EXR) Inc. (ESS) turned heads on the 2023 trading day when their stock soared, outperforming the market. Investors and analysts alike were impressed with the stock’s performance, as it far exceeded expectations. ESS issued a statement thanking their shareholders for their trust and reaffirming their commitment to continuous improvement. The stock’s success is attributed to a variety of factors. Strong earnings reports and positive analyst outlooks have helped to create confidence in the company’s future, while bullish sentiment in the broader market has driven demand for the stock.
Furthermore, ESS has implemented a number of initiatives to reduce cost and improve efficiency, allowing them to remain competitive in an increasingly challenging market. Overall, ESS has demonstrated its ability to grow and succeed in a volatile market. Investors and analysts alike will continue to watch the stock closely as they look for signs of long-term success. With strong fundamentals and a positive outlook, Extra Space Storage Inc. looks poised to continue to outperform the market in the coming months and years.
Share Price
On Friday, the company’s stock opened at $148.7 and closed at $153.2, up by 2.6% from the prior day’s closing price of $149.3. The stock had strong gains over the day, showing that investors are optimistic about the company’s future prospects. Overall, the performance of Extra Space Storage Inc. stock in the 2023 trading day proved to be a success, and it will be interesting to see how the company’s stock performs in the coming weeks and months. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for EXR. More…
| Total Revenues | Net Income | Net Margin |
| 1.92k | 859.49 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EXR. More…
| Operations | Investing | Financing |
| 1.24k | -1.65k | 431.86 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for EXR. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 12.17k | 8.09k | 24.34 |
Key Ratios Snapshot
Some of the financial key ratios for EXR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 53.9% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – EXR Stock Fair Value
GoodWhale recently conducted an analysis of Extra Space Storage’s wellbeing. Through our proprietary Valuation Line method, we calculated that the intrinsic value of Extra Space Storage’s share is around $198.3. However, at the current market rate, the stock is being traded at $153.2, representing a significant undervaluation of 22.7%. This presents an opportune time to invest in the company, as investors can obtain a potentially lucrative return on investment. We believe that Extra Space Storage’s intrinsic value will eventually be recognized by the market and increase to the level of our calculated value. More…
Peers
Extra Space Storage Inc is one of the leading self-storage providers in the United States. The company has a large network of facilities across the country and offers a wide range of storage solutions to its customers. Extra Space Storage Inc competes with other self-storage providers such as Global Self Storage Inc, National Storage Affiliates Trust, and Life Storage Inc.
– Global Self Storage Inc ($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. (EXT) has seen a surge in stock prices on the 2023 trading day, outperforming the market significantly. The market reaction towards the company has been largely positive, with analysts and investors praising its strong performance. Investors looking to invest in EXT should consider its comprehensive financials, which have reported consistent quarterly returns and solid cash flow. Its balance sheet also reflects a healthy level of assets and liquidity.
The company has also seen growth in its customer base, with occupancy rates remaining high. These factors have contributed to a favorable outlook on EXT and suggest that it is a good long-term investment option.
