Extra Space Storage Inc. (EXR) is trading at $140.2, marking a positive price change of 66 cents (0.473%) from the previous close of $139.54. With a trading volume of $363,013, which is 28% higher than the average, EXR is showing robust activity today.
In the latest earnings report on April 27th, EXR exceeded expectations with a consensus estimated EPS of 1.13, showcasing strong performance in the market.
EXR offers a forward dividend yield of 4.62%, with a dividend per share MRQ of $1.62 and a trailing twelve-month dividend per share of $6.48, indicating a stable financial position for investors.
The company maintains a healthy cash flow, with free cash flow standing at $362.36 million and a net change in cash of $26.95 million, signifying effective financial management.
EXR reported a revenue of $918.43 million, an operating income of $447.18 million, and a net income of $283.45 million, reflecting solid financial performance in the current market conditions.
Key financial metrics reveal EXR's strength, with notable ratios like a return on assets of 0.97, a net profit margin of 30.86%, and a price-to-earnings ratio of 24.31, indicating favorable investor value and profitability.
The balance sheet showcases EXR's solid financial position, with total assets amounting to $29.26 billion and total liabilities at $14.94 billion, demonstrating a healthy asset-to-debt ratio.
This comprehensive analysis reflects the positive outlook for Extra Space Storage Inc. (EXR) in the current trading session, underpinned by strong financial performance and investor-friendly metrics.
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 September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space. 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. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.