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Upturn AI SWOT - About
EXR 
Extra Space Storage Inc (EXR)
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Upturn Advisory Summary
04/01/2025: EXR (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -14% | Avg. Invested days 33 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 32.64B USD | Price to earnings Ratio 36.5 | 1Y Target Price 165 |
Price to earnings Ratio 36.5 | 1Y Target Price 165 | ||
Volume (30-day avg) 1380005 | Beta 0.92 | 52 Weeks Range 125.76 - 180.93 | Updated Date 04/2/2025 |
52 Weeks Range 125.76 - 180.93 | Updated Date 04/2/2025 | ||
Dividends yield (FY) 4.38% | Basic EPS (TTM) 4.04 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 25.61% | Operating Margin (TTM) 42.95% |
Management Effectiveness
Return on Assets (TTM) 3.29% | Return on Equity (TTM) 5.95% |
Valuation
Trailing PE 36.5 | Forward PE 31.75 | Enterprise Value 44231442391 | Price to Sales(TTM) 9.78 |
Enterprise Value 44231442391 | Price to Sales(TTM) 9.78 | ||
Enterprise Value to Revenue 13.58 | Enterprise Value to EBITDA 19.13 | Shares Outstanding 211998000 | Shares Floating 209418112 |
Shares Outstanding 211998000 | Shares Floating 209418112 | ||
Percent Insiders 1.08 | Percent Institutions 93.04 |
Analyst Ratings
Rating 3.42 | Target Price 171.72 | Buy 3 | Strong Buy 3 |
Buy 3 | Strong Buy 3 | ||
Hold 12 | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Extra Space Storage Inc
Company Overview
History and Background
Extra Space Storage Inc. was founded in 1977. Initially a small real estate company, it focused on storage facilities and grew through acquisitions and development. It became a public REIT in 2004 and has since expanded to become one of the largest self-storage operators in the US.
Core Business Areas
- Self-Storage Operations: Extra Space Storage owns, operates, and manages self-storage facilities. This includes renting storage units to individuals and businesses.
- Property Management: The company manages self-storage facilities for third-party owners, earning fees for its management services.
- Tenant Reinsurance: They offer reinsurance coverage to tenants.
Leadership and Structure
The company is led by CEO Samuelrat Joseph. It operates as a Real Estate Investment Trust (REIT), governed by a board of trustees and an executive management team overseeing various departments like operations, finance, and development.
Top Products and Market Share
Key Offerings
- Self-Storage Unit Rentals: Renting out various sizes of self-storage units to individuals and businesses. Market share information is provided in the 'Competitors' section. Competitors include Public Storage, Life Storage, and CubeSmart. Market share is dynamically affected by acquisitions and new facility developments.
- Tenant Insurance: Offering insurance to customers for items stored within their storage units. Revenue for this service is integrated into the consolidated financial results of the company; specific, itemized revenue is not generally disclosed. Competitors include insurance companies partnered with other storage providers.
- Property Management Services: Managing storage facilities for others; the firm operates these stores and earns a management fee. Competitors include other large REITs and smaller storage operators who manage their own properties.
Market Dynamics
Industry Overview
The self-storage industry is characterized by fragmentation, with a mix of large REITs and smaller independent operators. Demand is driven by life events, relocation, and business storage needs. The industry has seen steady growth in recent years, boosted by urbanization and increased mobility.
Positioning
Extra Space Storage is one of the largest self-storage operators in the US. Its competitive advantages include brand recognition, a large and diversified portfolio, and a sophisticated management platform. They also leverage technology for marketing and customer management.
Total Addressable Market (TAM)
The global self-storage market is estimated to reach hundreds of billions of dollars. Extra Space Storage is well-positioned to capture a significant portion of this TAM through acquisitions, development, and organic growth.
Upturn SWOT Analysis
Strengths
- Large and diversified portfolio
- Strong brand recognition
- Experienced management team
- Sophisticated technology platform
- Strong operating margins
Weaknesses
- Exposure to economic cycles
- High debt levels (common for REITs)
- Dependence on acquisitions for growth
- Geographic concentration (can be impacted by regional economic issues)
- Competition in key markets
Opportunities
- Further acquisitions and development
- Expansion into new markets
- Increased demand from e-commerce businesses
- Growing urbanization
- Strategic partnerships
Threats
- Economic downturns reducing demand
- Increased competition leading to price wars
- Rising interest rates increasing borrowing costs
- New technologies disrupting the industry
- Overbuilding in certain markets
Competitors and Market Share
Key Competitors
- Public Storage (PSA)
- Life Storage (LSI)
- CubeSmart (CUBE)
Competitive Landscape
Extra Space Storage has a strong competitive position due to its size, brand, and technology. However, it faces competition from other large REITs and smaller operators. Advantages include scale and operational efficiency. Disadvantages include reliance on acquisitions and sensitivity to economic downturns.
Major Acquisitions
SmartStop Self Storage
- Year: 2024
- Acquisition Price (USD millions): 1320
- Strategic Rationale: This acquisition significantly increased Extra Space Storage's portfolio, adding hundreds of locations and expanding its presence in key markets.
Growth Trajectory and Initiatives
Historical Growth: Extra Space Storage has grown significantly through acquisitions and organic growth over the past years. The growth trajectory can be charted by analyzing revenue and asset growth.
Future Projections: Future growth projections involve analyst estimates for revenue, earnings, and stock price targets. These are estimates of future performance.
Recent Initiatives: Recent strategic initiatives involve acquisitions, development projects, and technological investments.
Summary
Extra Space Storage is a leading player in the self-storage industry, benefiting from its scale and brand recognition. Its growth strategy focuses on acquisitions and organic expansion. While it faces economic headwinds and increasing competition, its strong management and technology platform position it well for future growth. High debt and economic sensitivity are things that EXR should consider for its growth in the future.
Similar Companies
CUBE
CubeSmart
CUBE
CubeSmart
PSA
Public Storage
PSA
Public Storage
UHAL
U-Haul Holding Company
UHAL
U-Haul Holding Company
Sources and Disclaimers
Data Sources:
- Company filings (SEC)
- Industry reports
- Analyst estimates
- Company press releases
Disclaimers:
This analysis is based on publicly available information and analyst estimates. It is not financial advice. Market conditions and company performance can change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Extra Space Storage Inc
Exchange NYSE | Headquaters Salt Lake City, UT, United States | ||
IPO Launch date 2004-08-12 | CEO & Director Mr. Joseph Daniel Margolis J.D. | ||
Sector Real Estate | Industry REIT - Industrial | Full time employees 8012 | Website https://www.extraspace.com |
Full time employees 8012 | Website https://www.extraspace.com | ||
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 December 31, 2024, the Company owned and/or operated 4,011 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 2.8 million units and approximately 308.4 million square feet of rentable space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.
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