EXTRA SPACE STRG

Industrial REITs are potentially risky as the Fed''s mission to fight inflation will ultimately slow down industrial output. However, there is a unique class amongst industrial REITs with growth prospects that are not so correlated to the underlying industrial output of the economy. These are the self-storage REITs. In this article, we are looking at Public Storage (NYSE: PSA) and Extra Space Storage (NYSE: EXR), whose investment cases are backed by unique qualities and robust dividend growth prospects. That said, their valuation multiples continue to appear modestly elevated. Thus further headwinds are not unlikely. Accordingly, I am neutral on both names.

Extra Space Storage Inc found using ticker (EXR) now have 13 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 248 and 156 calculating the mean target price we have 219.77. Now with the previous closing price of 182.31 this indicates there is a potential upside of 20.5%. The day 50 moving average is 193.81 while the 200 day moving average is 194.19. The market capitalisation for the company is $25,163m. You can visit the company''s website by visiting: https://www.extraspace.com [stock_market_widget type="chart" template="basic" color="green" assets="EXR" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $30,334m based on the market concensus. Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico.

Baron Funds, an asset management company, released its “Baron Real Estate Income Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. Baron Real Estate Income Fund (the “Fund”) declined 18.43% (Institutional Shares) in the second quarter of 2022, modestly underperforming its primary benchmark, the MSCI US REIT Index (the […]

Extra Space Storage (EXR) on Friday has completed its purchase of Storage Express, which owns 107 remote storage properties across Indiana, Ohio, Illinois and Kentucky, for…

Extra Space Storage Inc with ticker code (EXR) have now 13 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 248 and 156 calculating the mean target price we have 222.15. With the stocks previous close at 200.04 this would imply there is a potential upside of 11.1%. The day 50 moving average is 192.22 and the 200 day MA is 194.66. The company has a market cap of $27,313m. Find out more information at: https://www.extraspace.com [stock_market_widget type="chart" template="basic" color="green" assets="EXR" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $30,332m based on the market concensus. Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company''s stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space.

Extra Space Storage (NYSE:NYSE:EXR) Q2 2022 Earnings Conference Call August 03, 2022, 13:00 ET Company Participants Joseph Margolis - CEO & Director Scott Stubbs - EVP & CFO Jeffrey…

Extra Space Storage press release (EXR): Q2 GAAP EPS of $1.73

SALT LAKE CITY, Aug. 2, 2022 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, announced operating results for the three and six months ended June 30, 2022….

Solar Landscape Completes Installation on Facility That Will Deliver Guaranteed Power Bill Savings to Nearby Residents While Creating Jobs and Lowering Emissions NEPTUNE, N.J. , Aug. 1, 2022 /PRNewswire/ -- Solar Landscape , New Jersey''s largest community solar owner and operator, announced today that it has completed construction on the first of 46 community solar projects approved by the New Jersey Board of Public Utilities (NJBPU) in Year 2 of the Community Solar Energy Pilot Program. New Jersey''s first completed Year 2 project is located on an Extra Space Storage site in Neptune , one of 10 sites owned by the company that is hosting community solar Year 2 projects with Solar Landscape. Extra Space Storage''s total 6.5-megawatt (MW) community solar portfolio will cover 800,000 square feet of rooftop solar that will power over 1,400 nearby homes. "We are thrilled to be involved in this community solar project. At Extra Space Storage, we have been equipping our locations with solar for over a decade, and this new effort to bring solar power to the local community is an exciting development," said McKall Morris, Senior Manager of Communications and Sustainability . "Partnering with Solar Landscape on this project aligns perfectly with our commitments to be good corporate citizens and to participate in environmental initiatives that are positive for our communities, customers, employees, and shareholders." "Community solar is a vital part of Governor Murphy''s clean energy initiative which is aimed at reaching 100 percent clean energy by 2050," said Joseph L.

Extra Space Storage (NYSE: EXR ) has outperformed the market over the past 15 years by 11.26% on an annualized basis producing an average annual return of 18.41%. Currently, Extra Space Storage has a market capitalization of $25.39 billion. Buying $1000 In EXR: … Full story available on Benzinga.com

Man Group plc boosted its position in Extra Space Storage Inc. (NYSE:EXR) by 502.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 242,772 shares of the real estate investment trusts stock after buying an additional 202,460 shares during the quarter. Man Group plcs holdings in Extra Space Storage were worth $39,771,000 as of its []

Adelante Capital Management LLC lifted its position in shares of Extra Space Storage Inc. (NYSE:EXR) by 2.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 595,867 shares of the real estate investment trusts stock after buying an additional 14,461 shares during the quarter. Extra []

Canada Pension Plan Investment Board boosted its holdings in shares of Extra Space Storage Inc. (NYSE:EXR) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,563 shares of the real estate investment trusts stock after purchasing an additional 1,629 []

California State Teachers Retirement System trimmed its stake in shares of Extra Space Storage Inc. (NYSE:EXR) by 2.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 231,982 shares of the real estate investment trusts stock after selling 6,102 shares during the []

Extra Space Storage (NYSE:EXR) issued its quarterly earnings data on Wednesday. The real estate investment trust reported $1.40 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.31), MarketWatch Earnings reports. Extra Space Storage had a return on equity of 22.72% and a net margin of 49.09%. The business had revenue []