Extra Space Storage engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. The company was founded in 1977 and is based in Salt Lake City, Utah.
EXR Price Forecast Based on DCF Valuation
DCF Fair Value Target:
We started the process of determining a valid price forecast for Extra Space Storage Inc with a discounted cash flow analysis -- the results of which can be found in the table below. To summarize, we found that Extra Space Storage Inc ranked in the 91th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 2931.83%. As for the metrics that stood out in our discounted cash flow analysis of Extra Space Storage Inc, consider:
The company's compound free cash flow growth rate over the past 5.25 years comes in at 1.41%; that's greater than 93.32% of US stocks we're applying DCF forecasting to.
Extra Space Storage Inc's weighted average cost of capital (WACC) is 7%; for context, that number is higher than only 14.71% of tickers in our DCF set.
Relative to other stocks in its sector (Real Estate), Extra Space Storage Inc has a reliance on debt greater than just 21.7% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Real Estate that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as EXR, try MAA, TPHS, CMCT, STWD, and HASI.
SALT LAKE CITY , Sept. 14, 2020 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR ) announced today that the Company's Chief Executive Officer, Joseph D. Margolis , and Chief Financial Officer, Scott Stubbs are scheduled to participate in a roundtable presentation at the Bank of America Merrill Lynch 2020 Global Real Estate Conference in New York, NY . The session is scheduled for Tuesday, … Full story available on Benzinga.com
Extra Space Storage (EXR) declares $0.90/share quarterly dividend, in line with previous.Forward yield 3.42%Payable Sept. 30; for shareholders of record Sept. 15; ex-div Sept. 14.See EXR Dividend Scorecard, Yield Chart, & Dividend Growth....
SALT LAKE CITY , Aug. 4, 2020 /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, 2020 . Highlights for the three months ended June 30, 2020 : Achieved net income attributable to common stockholders of $0.80 per diluted share, representing a 1.2% decrease compared to the same period in 2019. Achieved funds from operations attributable to common stockholders and unit holders ("FFO") of $1.21 per diluted share. FFO, excluding acceleration of share-based compensation expense due to retirement of an executive officer and adjustments for non-cash interest ("Core FFO"), was $1.23 per diluted share, ...