Last $65.31 USD
Change Today -0.92 / -1.39%
Volume 545.9K
EXR On Other Exchanges
Symbol
Exchange
Stuttgart
As of 8:04 PM 03/4/15 All times are local (Market data is delayed by at least 15 minutes).

extra space storage inc (EXR) Snapshot

Open
$66.06
Previous Close
$66.23
Day High
$66.38
Day Low
$65.17
52 Week High
02/5/15 - $68.08
52 Week Low
03/24/14 - $47.12
Market Cap
7.6B
Average Volume 10 Days
835.5K
EPS TTM
$1.54
Shares Outstanding
116.4M
EX-Date
03/12/15
P/E TM
42.4x
Dividend
$1.88
Dividend Yield
2.77%
Current Stock Chart for EXTRA SPACE STORAGE INC (EXR)

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extra space storage inc (EXR) Details

Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. As of December 31, 2006, Extra Space Storage owned interests in 567 properties located in 32 states and Washington, D.C., as well as managed 74 properties owned by franchisees or third parties. As a REIT, the company would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1977 and is based in Salt Lake City, Utah.

Founded in 1977

extra space storage inc (EXR) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.0M
Executive Chairman
Total Annual Compensation: $450.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $350.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $358.0K
Compensation as of Fiscal Year 2013.

extra space storage inc (EXR) Key Developments

Extra Space Storage Inc. Declares Dividend for the First Quarter of 2015, Payable on March 31, 2015

Extra Space Storage Inc. announced that the company's board of directors has declared a quarterly dividend of $0.47 per share on the common stock of the Company for the first quarter 2015. The dividend is payable on March 31, 2015 to stockholders of record at the close of business on March 16, 2015.

Extra Space Storage Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Three Months Ending March 31, 2015 and Year Ending December 31, 2015

Extra Space Storage Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, total revenues were $167,367,000 against $141,934,000 reported for the prior year period. Income from operations was $69,916,000 against $57,315,000 a year ago. Income before equity in earnings of unconsolidated real estate ventures and income tax expense was $48,772,000 against $38,822,000 a year ago. Net income was $49,486,000 against $82,172,000 a year ago. Net income attributable to common stockholders was $45,122,000 against $76,940,000 a year ago. Diluted net income per common share was $0.39 against $0.67 a year ago. Funds from operations were $76,582,000 against $62,916,000 a year ago. Funds from operations per share were $0.62 against $0.52 a year ago. Adjusted funds from operations were $84,197,000 or $0.68 per share against $68,216,000 or $0.57 per share a year ago. Same-store net operating income was $87,150,000 against $79,604,000 a year ago. Same-store rental and tenant reinsurance revenues were $121,819,000 against $113,546,000 a year ago. For the year, total revenues were $647,155,000 against $520,613,000 reported for the prior year period. Income from operations was $248,468,000 against $213,483,000 a year ago. Income before equity in earnings of unconsolidated real estate ventures and income tax expense was $188,903,000 against $137,855,000 a year ago. Net income was $195,896,000 against $185,556,000 a year ago. Net income attributable to common stockholders was $178,355,000 against $172,076,000 a year ago. Diluted net income per common share was $1.53 against $1.53 a year ago. Funds from operations were $310,006,000 against $228,847,000 a year ago. Funds from operations per share were $2.52 against $1.96 a year ago. Adjusted funds from operations were $321,160,000 or $2.61 per share against $246,828,000 or $2.11 per share a year ago. Same-store net operating income was $338,049,000 against $308,806,000 a year ago. Same-store rental and tenant reinsurance revenues were $477,884,000 against $444,353,000 a year ago. For the three months ending March 31, 2015, the company expects net income attributable to common stockholders for diluted computations in the range of $0.41 per share to $0.43 per share, funds from operations per share in the range of $0.65 to $0.67 and funds from operations as adjusted in the range of $0.65 per share to $0.67 per share. For the year ending December 31, 2015, the company expects net income attributable to common stockholders for diluted computations in the range of $1.90 per share to $1.99 per share, funds from operations per share in the range of $2.85 to $2.94 and funds from operations as adjusted in the range of $2.89 per share to $2.98 per share. The company also expects net tenant reinsurance income in the range of $54,000,000 to $55,000,000.

Extra Space Storage Inc. to Report Q4, 2014 Results on Feb 19, 2015

Extra Space Storage Inc. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Feb 19, 2015

 

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EXR:US $65.31 USD -0.92

EXR Competitors

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Company Last Change
CubeSmart $22.93 USD -0.49
Public Storage $195.18 USD -1.74
Sovran Self Storage Inc $90.75 USD -1.09
View Industry Companies
 

Industry Analysis

EXR

Industry Average

Valuation EXR Industry Range
Price/Earnings 45.1x
Price/Sales 11.7x
Price/Book 4.4x
Price/Cash Flow 26.3x
TEV/Sales 7.7x
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