Extra Space Storage Stock Underperforms Wednesday, Lagging Behind Competitors.
February 9, 2023
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Extra Space Storage ($NYSE:EXR) Inc. (NYSE: EXR) stock was underperforming Wednesday, lagging behind its competitors in the self-storage industry. Extra Space Storage is known for its commitment to providing customers with clean, secure, and well-maintained storage units. The company’s stock has had a volatile year and on Wednesday it was struggling to keep up with its competitors, including CubeSmart (NYSE: CUBE) and Public Storage (NYSE: PSA). In addition to its commitment to providing customers with clean and secure storage units, the company also focuses on customer service and creating a pleasant storage experience for customers.
Market Price
According to the latest data available at the time of writing, media sentiment surrounding the company remains largely positive. At the start of the trading day on Wednesday, Extra Space Storage opened at an initial price of $167.1.
However, by closing time, its stock had dipped by 0.8%, closing at $166.3. This marked a decrease from its last closing price of $167.6. The stock’s underperformance on Wednesday was in stark contrast to its competitors, which were able to gain ground in the market. Given the current market conditions and media sentiment, investors may want to reconsider their investment strategies in the near future. Overall, Extra Space Storage’s stock underperformed Wednesday, lagging behind its competitors in a market that is otherwise showing signs of growth. Those interested in investing in the company may want to wait until the market stabilizes before making any decisions. 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 |
| 1.84k | 924.47 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EXR. More…
| Operations | Investing | Financing |
| 1.13k | -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 |
| 11.84k | 7.77k | 24.27 |
Key Ratios Snapshot
Some of the financial key ratios for EXR are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 54.4% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
Extra Space Storage is a leading self-storage provider with an impressive portfolio of real estate assets and strong financials. GoodWhale has analyzed the financials of Extra Space Storage and determined that it is a low risk investment. GoodWhale’s risk rating system has determined that the company is in a secure financial position, with no major liabilities or risks identified. GoodWhale also looked at the balance sheet of Extra Space Storage and found only one risk warning. This risk warning may be related to operational costs or other financial liabilities that need to be monitored closely. If you would like to know more about this risk warning, you can register on GoodWhale.com and access more detailed information on the company’s finances. Overall, Extra Space Storage has strong financials and is a low risk investment. GoodWhale recommends investors to continue to monitor the company’s financials and look out for any new risks that may arise. Registering on GoodWhale.com can help you stay up to date with the latest analysis and information on Extra Space Storage. 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 a self-storage real estate investment trust (REIT) which has seen its stock underperform on Wednesday, lagging behind its competitors. At the time of writing, media sentiment is mostly positive, with analysts predicting potential upside for the stock. A thorough analysis of Extra Space Storage’s financials, including a look at its balance sheet, income statement and cash flow statement, is recommended for any investor considering buying into the company. Additionally, an analysis of the company’s competitive landscape and strategic position in the industry should be conducted to understand the risks and opportunities that may arise.
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