Extra Space Storage Proves to be a Stellar Investment in the Self-Storage Sector Over the Last 15 Years.
March 3, 2023
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Extra Space Storage ($NYSE:EXR) Inc. has been a standout performer in the self-storage sector, delivering stellar returns to investors over the past 15 years. This outperformance is indicative of the strong fundamentals of the self-storage industry that have provided consistent growth and cash flow. Extra Space Storage Inc. has consistently seen growth in demand for its self-storage services which has enabled it to exceed expectations with regard to occupancy rates and property valuations. This combined with their strategic acquisition and growth initiatives have provided investors with double-digit returns over the last 15 years.
Furthermore, the sector’s overall strong trends have been further bolstered by favorable macroeconomic conditions such as low-interest rates and increasing wages that have driven up consumer spending and allowed for higher rental rates. The company has also been able to capitalize on the increased demand for self-storage services by converting underutilized land into self-storage facilities and unlocking value through the development of new storage sites. With its consistent returns, strategic expansion plans, and favorable macroeconomic conditions, Extra Space Storage Inc. looks set to continue growing and delivering attractive returns to investors in the years to come.
Price History
On Wednesday, EXTRA SPACE STORAGE stock opened at $162.5 and closed at $163.7, down slightly by 0.6% from its last closing price of 164.6. Nevertheless, such a dip reflects just a minor drop compared to the overall performance of EXTRA SPACE STORAGE during the last 15 years, making it an attractive and stable investment for stockholders. 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 | 860.69 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EXR. More…
| Operations | Investing | Financing |
| 1.17k | -837.54 | -166.71 |
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
GoodWhale has conducted an analysis of Extra Space Storage’s wellbeing and has provided a star chart to assess its health. The result shows Extra Space Storage has a high health score of 7/10 due to its cashflows and debt being in a healthy condition. This indicates that in the event of any financial crisis, the company could safely weather it without the risk of bankruptcy. Moreover, GoodWhale has classified Extra Space Storage as a ‘cow’, which is a type of company that has a long track record of paying out consistent and sustainable dividend returns. This means that this type of company is attractive to investors who are looking to receive regular returns on their investments. In addition, GoodWhale finds that Extra Space Storage is strong in various areas such as asset, dividend, growth, and profitability. This is indicative of a positive financial future, where the company should continue to stay strong and be able to reward shareholders with continued returns. 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. has proved to be a highly successful investment over the past 15 years. The company’s stock has consistently performed well, with investors rewarded by its stable performance in the self-storage sector. The company’s ability to keep up with changes in technology, as well as its dedication to providing superior customer service, have been key factors in its continued success. As of the time of writing, overall sentiment regarding Extra Space Storage is overwhelmingly positive and investors continue to show confidence in the company’s potential for future returns.
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