Extra Space Storage Inc Price, Forecast, Insider, Ratings, Fundamentals & Signals

Salt lake city , april 30, 2024 /prnewswire/ -- extra space storage inc. (nyse: exr) (the "company"), a leading owner and operator of self-storage facilities in the united states and a constituent of the s&p 500, announced operating results for the three months ended march 31, 2024. highlights for the three months ended march 31, 2024: achieved net income attributable to common stockholders of $1.01 per diluted share, representing a 30.8% decrease compared to the same period in the prior year primarily due to non-cash interest and amortization of intangibles related to the company's 2023 merger (the "life storage merger") with life storage, inc. ("life storage" or "lsi").

Salt lake city, march 28, 2024 /prnewswire/ -- extra space storage inc. (the "company") (nyse: exr) announced today it will release financial results for the three months ended march 31, 2024 on tuesday, april 30, 2024 after the market closes. the company will host a conference call at 1:00 p.m.

Salt lake city , feb. 27, 2024 /prnewswire/ -- extra space storage inc. (nyse: exr) (the "company"), a leading owner and operator of self-storage facilities in the united states and a constituent of the s&p 500, announced operating results for the three months and year ended december 31, 2023. highlights for the three months ended december 31, 2023: achieved net income attributable to common stockholders of $1.02 per diluted share, representing a 32.9% decrease compared to the same period in the prior year, primarily due to $30.6 million in transition costs, non-cash interest and amortization of intangibles related to the life storage merger (as defined below).

Salt lake city , feb. 22, 2024 /prnewswire/ -- extra space storage inc. (the "company") (nyse: exr) announced today that the company's board of directors has declared a first quarter 2024 dividend of $1.62 per share on the common stock of the company. the dividend is payable on march 29, 2024 to stockholders of record at the close of business on march 15, 2024.

Salt lake city , jan. 26, 2024 /prnewswire/ -- extra space storage inc. (the "company") (nyse: exr) announced today it will release financial results for the three months and year ended december 31, 2023 on tuesday, february 27, 2024 after the market closes. the company will host a conference call at 1:00 p.m.

U.S. equity markets advanced for a second week while benchmark interest rates retreated from five-month highs after a critical slate of employment data showed a long-awaited cooldown in hiring trends. Foreshadowed by "dovish" remarks from Fed Chair Powell at the FOMC's policy meeting, payrolls data showed that job growth slowed to six-month lows while wage growth cooled to three-year lows. Following its best week since November, the S&P 500 advanced 0.6%, while bonds caught a bid this week across the yield and maturity curve.

Extra Space Storage is my preferred REIT investment due to its strong performance and ability to deliver long-term value. Despite industry headwinds, EXR has maintained occupancy rates and implemented effective revenue strategies, demonstrating resilience. EXR offers a solid dividend yield of 4.6% and has growth potential in the self-storage industry.

There are two types of REITs: COWs (Cash Only Wanted) that focus on high dividend yield, and FROGs (Fast Rate of Growth) that prioritize maximizing total return. Higher yield usually means lower gain, and vice versa, so investors generally have to choose between the two. This article lists 13 REITS that have grown Funds From Operations at double-digit rates, maintain ample liquidity, and have outperformed the average REIT over the past 3 years.

Extra Space Storage Inc. (NYSE:EXR ) Q1 2024 Earnings Conference Call May 1, 2024 1:00 PM ET Company Participants Jared Conley - Vice President of Investor Relations Joe Margolis - Chief Executive Officer Scott Stubbs - Executive Vice President & Chief Financial Officer Conference Call Participants Michael Goldsmith - UBS Jeff Spector - Bank of America Eric Wolfe - Citi Nick Yulico - Scotiabank Juan Sanabria - BMO Capital Markets Samir Khanal - Evercore ISI Keegan Carl - Wolfe Research Spenser Allaway - Green Street Caitlin Burrows - Goldman Sachs Ronald Kamdem - Morgan Stanley Eric Luebchow - Wells Fargo Michael Mueller - JPMorgan Omotayo Okusanya - Deutsche Bank Ki Bin Kim - Truist Operator Good day, and thank you for standing by...

Extra Space Storage's (EXR) Q1 results reflect higher occupancy. However, higher same-store operating expenses and increased interest expenses act as a spoilsport.

The headline numbers for Extra Space Storage (EXR) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Extra Space Storage (EXR) came out with quarterly funds from operations (FFO) of $1.96 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to FFO of $2.02 per share a year ago.

REITs are today presenting a once-in-a-decade buying opportunity. Valuations are so low that even private equity players are buying them. Here are two of my favorite REITs to buy today.

While Extra Space Storage's (EXR) Q1 results are likely to reflect gains from high brand value and solid presence in key cities, lower new customer rates and high interest rates remain concerns.

REITs are historically cheap right now. But not all REITs are worth buying. Here are 5 types of REITs to avoid in 2024.