Extra Space Storage Inc

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    Earnings Report

    Extra Space: Healthy Demand, Marketing Strategies to Drive Q3

    Extra Space Storage (EXR) is expected to report its Q3 2018 results on October 30. Wall Street expects AFFO of $1.19 per share.

    By Anirudha Bhagat
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    Company & Industry Overviews

    Where Extra Space Stands among Its Peers after Q2 Results

    Extra Space is trading at a premium compared to CubeSmart and Life Storage and at a discount to Public Storage.

    By Anirudha Bhagat
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    Company & Industry Overviews

    Extra Space Storage Continues to Enhance Shareholder Wealth

    Since its conversion to an REIT in 2004, Extra Space Storage (EXR) has paid regular quarterly cash dividends to its shareholders.

    By Anirudha Bhagat
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    Company & Industry Overviews

    Acquisitions, Joint Ventures Expand Extra Space’s Footprint

    Acquisitions have helped Extra Space (EXR) expand its domestic footprint. It has acquired properties worth $4.5 billion in the last five years.

    By Anirudha Bhagat
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    Company & Industry Overviews

    Extra Space’s Growth Driven by Demand and Marketing Strategies

    Extra Space has adopted digital marketing platforms, including social media and search engines, to drive traffic at its facilities.

    By Anirudha Bhagat
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    Healthcare

    Extra Space Rides on Strong Fundamentals and Earnings Outlook

    Extra Space’s top-line and bottom-line results have been seeing YoY (year-over-year) growth for the past several quarters.

    By Anirudha Bhagat
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    Earnings Report

    Can Extra Space Storage Beat Analysts’ Q2 Estimates?

    Extra Space Storage (EXR), set to report its Q2 results on July 31, could continue to benefit from self-storage demand rising.

    By Anirudha Bhagat
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    Real Estate

    AvalonBay: What’s Driving the Dividend and Valuations?

    AvalonBay’s revenue grew 7% in the first quarter, driven by rental and other income.

    By Amanda Lawrence
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    Real Estate

    Extra Space Storage: What’s Driving the Dividend and Valuations?

    In the first quarter, Extra Space Storage’s (EXR) revenue grew 9%, driven by property rental, tenant reinsurance, and management fees.

    By Amanda Lawrence
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    Company & Industry Overviews

    How Wall Street Analysts View Extra Space

    Analysts gave EXR a mean price target of $87.93, implying an ~1.5% rise from its current level of $86.72. It has a market capitalization of ~$10.9 billion.

    By Raina Brown
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    Company & Industry Overviews

    Extra Space—Valuations on Par with the Industry

    EXR’s FFO per share for 2017 is expected to be $4.32–$4.65.

    By Raina Brown
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    Company & Industry Overviews

    Extra Space and Its Solid Balance Sheet

    EXR increased its fixed debt ratio to 80.0% in 3Q17 from 76.1% in 2Q17.

    By Raina Brown
  • Company & Industry Overviews

    Extra Space Storage—Highest Stock Price Return among REITs

    Extra Space’s (EXR) stock price has risen from $12.77 in 2008 to $83.80 in January 2018. EXR has returned 705.4% in the past ten years.

    By Raina Brown
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    Company & Industry Overviews

    Extra Space’s Occupancy Rate and Other Growth Factors

    EXR’s occupancy rate in 2Q17 was 94.5% compared to 94.1% in 2Q16.

    By Raina Brown
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    Company & Industry Overviews

    Key Drivers of Extra Space’s 2018 Performance

    Extra Space (EXR) holds 12% of its total properties in the form of joint ventures and 32% managed for third parties—the largest in the industry.

    By Raina Brown
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    Real Estate

    What’s the Outlook for Extra Space Storage?

    Extra Space Storage’s (EXR) revenue grew 27% and 13% in 2016 and 9M17, respectively.

    By Amanda Lawrence
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    Company & Industry Overviews

    How Wall Street Analysts Rated the Top 3 Self-Storage REITs after 2Q17

    Extra Space Storage’s (EXR) analyst target price is $81.13, up 7% from its current price level.

    By Jennifer Mathews
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    Company & Industry Overviews

    Comparing the Valuations of 3 Leading Self-Storage REITs after 2Q17

    Public Storage (PSA) trades at an EV-to-EBITDA multiple of ~21.5x.

    By Jennifer Mathews
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    Company & Industry Overviews

    Chart in Focus: Self-Storage REITs’ 2Q17 Balance Sheets

    CubeSmart issued two notes of $50.0 million each, carrying interest of 4.4% and 4.0% and maturity dates of 2023 and 2025, respectively.

    By Jennifer Mathews
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    Company & Industry Overviews

    Overview of Self-Storage REITs’ Development Activities in 2Q17

    During 1H17, CubeSmart acquired two properties located in Maryland and California worth $21.9 million.

    By Jennifer Mathews
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    Company & Industry Overviews

    How the Top 3 Self-Storage REITs Managed Their Expenses in 2Q17

    Although Public Storage did not provide any guidance for net operating income expected during fiscal 2017, analysts expect the company to report flat YoY NOI of ~$2.0 billion during 2Q17.

    By Jennifer Mathews
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    Company & Industry Overviews

    Comparing the Top 3 Self-Storage REITs after 2Q17 Earnings

    Self-storage REITs are experiencing solid growth in income and revenues in 2017. In this series, we’ll analyze the 2Q17 results for Public Storage (PSA), Extra Space Storage (EXR), and CubeSmart (CUBE).

    By Jennifer Mathews
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    Earnings Report

    How Analysts View Public Storage

    Analysts have assigned PSA a mean price target of $217.67, which is 4.9% higher than its current price level.

    By Jennifer Mathews
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    Earnings Report

    Where Public Storage Stands among Other Major Players

    Public Storage has consistently been able to return capital value as well as shareholder returns in the form of dividends and share buybacks.

    By Jennifer Mathews
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    Earnings Report

    Public Storage and the Growing US Economy

    Public Storage (PSA) is expected to witness a higher cost of debt in 2Q17, mainly due to the Fed’s rate hikes in 2017.

    By Jennifer Mathews
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    Earnings Report

    Inside Public Storage’s 2Q17 Battle with Macro Headwinds

    Public Storage (PSA) is expected to post flat top-line and bottom-line results in 2Q17.

    By Jennifer Mathews
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    Earnings Report

    What’s Really Driving Public Storage’s Expected 2Q17 Upbeat Results

    Wall Street expects PSA to report adjusted FFO (funds from operation) of $2.40, compared with $2.54 in 2Q16.

    By Jennifer Mathews
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    Earnings Report

    Will Public Storage’s Cost-Reduction Initiatives Drive Higher NOI in 2Q17?

    Wall Street analysts expect Public Storage (PSA) to report NOI (net operating income) of $483.7 million for 2Q17.

    By Jennifer Mathews
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    Earnings Report

    Will Public Storage Ride High on Top Line in 2Q17?

    Wall Street expects Public Storage (PSA) to report revenue of $667.9 million for 2Q17. Its earnings call will be on July 27, 2017.

    By Jennifer Mathews
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    Earnings Report

    What Lies Ahead for Public Storage in 2Q17

    Analysts expect PSA to report adjusted FFO (funds from operation) of $2.40, compared with $2.54 in 2Q16.

    By Jennifer Mathews
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    Company & Industry Overviews

    Where Public Storage Stands Compared to Its Peers

    The value of an REIT such as Public Storage (PSA) is commonly measured by using its price-to-FFO (funds from operations) multiple.

    By Jennifer Mathews
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    Company & Industry Overviews

    How Public Storage Maintains Its Balance Sheet

    REITs such as Public Storage (PSA) distribute at least 90% of their taxable incomes to shareholders in the form of dividends and share repurchases.

    By Jennifer Mathews
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    Company & Industry Overviews

    Public Storage: A Rewarding Stock for Shareholders

    Public Storage (PSA) has regularly rewarded its shareholders in the form of quarterly dividends. The company has paid a dividend in every quarter since 1981.

    By Jennifer Mathews
  • uploads///Art  Consumer sentiment
    Company & Industry Overviews

    How the Pro-American Environment Boosts Self-Storage

    In a higher household income scenario, people tend to spend more on acquiring properties and need more storage space. This need boosts demand for self-storage facilities.

    By Jennifer Mathews
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    Company & Industry Overviews

    Can Public Storage Survive the Interest Rate Hike?

    REITs will likely be significantly affected by rising interest rates. Rising mortgage rates will increase the cost of purchasing investment properties.

    By Jennifer Mathews
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    Company & Industry Overviews

    Focus on Quality Helps Public Storage Maintain Occupancy

    Public Storage (PSA) puts a great deal of focus on the development and redevelopment of its existing facilities. Recently, there’s been a trend of rising rent for self-storage facilities.

    By Jennifer Mathews
  • uploads///Art  momentum
    Company & Industry Overviews

    Acquisitions, Diversification Help Public Storage Keep Momentum

    Self-storage facility owners such as Public Storage are expected to ride high backed by higher demand for storage, mainly due to demographic changes and higher rent.

    By Jennifer Mathews
  • uploads///Art  Revenue
    Company & Industry Overviews

    Public Storage Is Expected to Ride High on Robust Revenue Growth

    Macroeconomic factors such as high rent and demographic changes have resulted in high demand for self-storage facilities.

    By Jennifer Mathews
  • uploads///Art  FFO
    Company & Industry Overviews

    Public Storage: A Self-Storage REIT with Room to Grow

    Rent growth has moderated, but it remains at record highs. In such a scenario, consumers prefer apartments whose rents are affordable. This is where self-storage REITs come in.

    By Jennifer Mathews
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    Company & Industry Overviews

    Specialized REITs: Value Drivers

    Specialized REITs and residential REITs within IYR generated positive returns of 0.2% and 9%, respectively, on a yearly basis.

    By Steve Sage
  • uploads///Chart  Self storage REITs
    Company & Industry Overviews

    Self-Storage REITs: Who Doesn’t Want Storage Space?

    Self-storage REITs own and operate self-storage facilities like rooms, lockers, containers, and outdoor space. Tenants include businesses and individuals.

    By Peter Barnes
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