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Last €63.29 EUR
Change Today -1.80 / -2.76%
Volume 0.0
As of 3:08 PM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

extra space storage inc (FG8) Snapshot

Open
€65.21
Previous Close
€65.09
Day High
€65.21
Day Low
€63.29
52 Week High
08/18/15 - €70.82
52 Week Low
09/15/14 - €38.56
Market Cap
7.8B
Average Volume 10 Days
38.1
EPS TTM
--
Shares Outstanding
122.8M
EX-Date
09/11/15
P/E TM
--
Dividend
€2.36
Dividend Yield
2.70%
Current Stock Chart for EXTRA SPACE STORAGE INC (FG8)

extra space storage inc (FG8) Related Businessweek News

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extra space storage inc (FG8) 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.

2,643 Employees
Last Reported Date: 03/2/15
Founded in 1977

extra space storage inc (FG8) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.0M
Executive Chairman
Total Annual Compensation: $463.5K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $397.7K
Executive Vice President
Total Annual Compensation: $337.8K
Chief Marketing Officer and Executive Vice Pr...
Total Annual Compensation: $307.3K
Compensation as of Fiscal Year 2014.

extra space storage inc (FG8) Key Developments

Extra Space Storage Inc. Declares Dividend for the Third Quarter of 2015, Payable on September 30, 2015

Extra Space Storage Inc. announced that the company's board of directors has declared a quarterly dividend of $0.59 per share on the common stock of the company for the third quarter of 2015. The dividend is payable on September 30, 2015 to stockholders of record at the close of business on September 15, 2015.

Extra Space Storage Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter Ending September 30, 2015 and Full Year Ending December 31, 2015

Extra Space Storage Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $185,860,000 compared to $160,724,000 a year ago. Income from operations was $81,607,000 compared to $70,661,000 a year ago. Income before equity in earnings of unconsolidated real estate ventures and income tax expense was $60,140,000 compared to $43,479,000 a year ago. Net income was $60,956,000 compared to $46,008,000 a year ago. Net income attributable to common stockholders was $55,339,000 compared to $41,665,000 a year ago. Basic and diluted earnings per share were $0.47 compared to $0.36 a year ago. FFO attributable to common stockholders was $90,089,000 or $0.72 per share compared to $76,812,000 or $0.63 per share a year ago. FFO as adjusted attributable to common stockholders was $94,404,000 or $0.75 per share compared to $78,155,000 or $0.64 per share a year ago. For the six months, the company reported total revenues of $359,014,000 compared to $313,311,000 a year ago. Income from operations was $157,043,000 compared to $131,059,000 a year ago. Income before equity in earnings of unconsolidated real estate ventures and income tax expense was $115,517,000 compared to $85,099,000 a year ago. Net income was $119,592,000 compared to $87,217,000 a year ago. Net income attributable to common stockholders was $109,081,000 compared to $79,005,000 a year ago. Diluted earnings per share were $0.92 compared to $0.68 a year ago. FFO attributable to common stockholders was $174,565,000 or $1.40 per share compared to $14,655,000 or $1.18 per share a year ago. FFO as adjusted attributable to common stockholders was $179,698,000 or $1.44 per share compared to $147,821,000 or $1.20 per share a year ago. The company provided earnings guidance for the third quarter ending September 30, 2015 and full year ending December 31, 2015. For the quarter, the company expects net income attributable to common stockholders per diluted share of $0.53 to $0.55. Funds from operations attributable to common stockholders per share expected to be in the range of $0.77 to $0.79 a year ago. Funds from operations as adjusted attributable to common stockholders per share expected to be in the range of $0.77 to $0.79. For the full year, the company expects net income attributable to common stockholders per diluted share of $1.94 to $2.01. Funds from operations attributable to common stockholders per share expected to be in the range of $2.89 to $2.96 a year ago. Funds from operations as adjusted attributable to common stockholders per share expected to be in the range of $2.99 to $3.06.

Extra Space Storage Inc. Announces Management Changes

Extra Space Storage Inc. announced a realignment of its executive team. Charles L. Allen, the company's Executive Vice President and Chief Investment Officer, will step down as CIO. Mr. Allen will continue in his duties as an Executive Vice President focusing on strategy and execution of complex transactions, including acquisitions involving operating partnership units. The company has appointed Joseph D. Margolis, as the company's CIO effective immediately. Mr. Margolis has served as a member of the company's board of directors since February 2005 and will resign from the board in connection with joining the Company as CIO. Concurrently with his resignation from the board, Mr. Margolis is resigning from the Audit Committee and the Compensation, Nominating and Governance Committee of the board. On July 3, 2015, the company's board of directors appointed Gary B. Sabin to the board. Mr. Sabin has served as Chairman and Chief Executive Officer of Excel Trust Inc. since its formation in December 2009.

 

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Industry Analysis

FG8

Industry Average

Valuation FG8 Industry Range
Price/Earnings 43.2x
Price/Sales 12.2x
Price/Book 4.2x
Price/Cash Flow 27.4x
TEV/Sales 8.9x
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