Extra Space Storage Inc

Extra Space Storage Inc

Real EstateReal Estate Investment Trusts
  • Price (USD)145.20
  • Today's Change-0.97 / -0.66%
  • Shares traded431.12k
  • 1 Year change-18.52%
  • Beta0.5540
Data delayed at least 15 minutes, as of May 31 2023 18:05 BST.
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About the company

Extra Space Storage Inc. is an integrated, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops self-storage properties, or stores. Its segments include self-storage operations and tenant reinsurance. Its self-storage operations activities include rental operations of wholly owned stores. Its tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in its stores. The Company’s business is conducted through its operating partnership, Extra Space Storage LP (the Operating Partnership). It invests in stores by acquiring wholly owned stores or by acquiring an equity interest in real estate entities. The Company had direct and indirect equity interests in over 1,451 stores. The Company manages over 887 stores for third parties. It also offers tenant reinsurance at its owned and managed stores that insures the value of goods in the storage units.

  • Revenue in USD (TTM)1.98bn
  • Net income in USD852.20m
  • Incorporated2004
  • Employees4.78k
  • Location
    Extra Space Storage Inc2795 Cottonwood Parkway, Suite 400SALT LAKE CITY 84121United StatesUSA
  • Phone+1 (801) 562-5556
  • Fax+1 (801) 562-5579
  • Websitehttps://www.extraspace.com/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
EXR:NYQ since
Life Storage IncAnnounced03 Apr 202303 Apr 2023Announced-10.88%12.46bn
Storage Express LLCDeal completed16 Sep 202216 Sep 2022Deal completed-22.21%590.00m
Bargold Storage Systems LLCDeal completed01 Jun 202201 Jun 2022Deal completed-18.52%--
Data delayed at least 15 minutes, as of May 31 2023 18:05 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
(YOY change %)
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
(5 yr growth rate)
GXO Logistics Inc9.23bn185.00m6.75bn89.00k36.352.5112.890.73151.561.5677.9022.581.14--5.96103,741.602.32--3.24--17.68--2.04----9.000.3958--13.26--28.76------
Americold Realty Trust Inc2.91bn-19.44m7.87bn16.28k--2.0825.232.70-0.0723-0.072310.8013.990.3572--7.20---0.23860.2668-0.26650.297523.8825.09-0.66810.679--1.130.46691,488.247.3713.5636.17------
Life Storage Inc1.08bn366.16m10.99bn2.51k30.083.0819.3310.194.294.2912.6541.910.1526--51.98429,935.805.304.955.585.1573.3569.4834.7134.70--4.350.472495.3131.6514.4043.6430.0258.449.58
CH Robinson Worldwide Inc22.49bn785.07m11.36bn16.90k15.728.2212.920.50536.206.20180.7811.863.43--5.791,292,738.0011.9713.4323.6922.7814.9915.063.493.69--9.520.584739.276.9010.6811.4013.8017.274.54
Iron Mountain Inc5.17bn579.28m15.57bn27.60k26.9728.5511.873.011.981.9817.661.870.3222--4.62187,314.403.652.944.153.4168.5265.4211.338.97--2.260.9448179.4513.635.8223.7126.5316.13-0.0095
Brookfield Infrastructure Partners L.P.-100.00bn-100.00bn16.38bn0.00--2.59----------13.85----------2.31--3.58--41.33--14.00----0.5515337.0825.0532.48-85.81--31.194.42
Expeditors International of Washngtn Inc15.00bn1.24bn17.59bn19.90k15.065.5913.561.177.647.6493.2120.612.26--5.42753,747.5018.6219.7031.7333.1728.1328.938.257.95----0.0019.453.3219.79-4.1024.71-1.799.79
Extra Space Storage Inc1.98bn852.20m19.74bn4.78k23.026.0716.309.956.356.3513.9424.100.1746----414,904.408.036.988.917.6375.5775.1645.9943.66--7.390.645291.8821.9911.734.0012.8614.7213.97
Public Storage4.30bn4.15bn50.79bn5.90k12.298.9010.0311.8023.5223.5224.4157.250.2444----729,313.6024.8316.6525.6417.2574.9072.65101.5767.77----0.405095.6522.439.40139.1028.7315.560.00
Data as of May 31 2023. Currency figures normalised to Extra Space Storage Inc's reporting currency: US Dollar USD

Institutional shareholders

55.62%Per cent of shares held by top holders
HolderShares% Held
The Vanguard Group, Inc.as of 31 Mar 202321.66m16.05%
Capital Research & Management Co. (World Investors)as of 31 Mar 202313.78m10.21%
BlackRock Fund Advisorsas of 31 Mar 20239.46m7.01%
SSgA Funds Management, Inc.as of 31 Mar 20239.40m6.96%
Principal Global Investors LLCas of 31 Mar 20235.16m3.82%
Cohen & Steers Capital Management, Inc.as of 31 Mar 20234.55m3.37%
Geode Capital Management LLCas of 31 Mar 20233.18m2.36%
Massachusetts Financial Services Co.as of 31 Mar 20232.65m1.96%
APG Asset Management US, Inc.as of 31 Mar 20232.65m1.96%
Norges Bank Investment Managementas of 31 Dec 20222.59m1.92%
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Data from 31 Dec 2022 - 31 Mar 2023Source: FactSet Research Systems Inc.
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