Financials Extra Space Storage Inc.

Equities

EXR

US30225T1025

Specialized REITs

Market Closed - Nyse 16:00:02 2024-05-22 EDT 5-day change 1st Jan Change
146.4 USD +0.20% Intraday chart for Extra Space Storage Inc. -3.75% -8.71%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,679 14,973 30,357 19,711 33,874 30,929 - -
Enterprise Value (EV) 1 18,655 20,610 36,239 26,949 44,792 42,216 42,289 42,434
P/E ratio 32.6 x 31.2 x 36.6 x 23 x 33.8 x 33.8 x 30.7 x 27.9 x
Yield 3.37% 3.11% 1.98% 4.08% 4.04% 4.45% 4.67% 4.76%
Capitalization / Revenue 12.1 x 12.9 x 22.6 x 11.9 x 15.2 x 11 x 10.6 x 10.2 x
EV / Revenue 16.5 x 17.8 x 27 x 16.3 x 20.2 x 15 x 14.5 x 14 x
EV / EBITDA 21.9 x 23.1 x 29.8 x 20.1 x 26.7 x 18.2 x 17.6 x 17 x
EV / FCF 26,652,475 x - - 23,367,246 x - - - -
FCF Yield 0% - - 0% - - - -
Price to Book 5.63 x 5.97 x 9.74 x 6.05 x 2.35 x 2.27 x 2.31 x 2.43 x
Nbr of stocks (in thousands) 129,511 129,235 133,892 133,922 211,278 211,725 - -
Reference price 2 105.6 115.9 226.7 147.2 160.3 146.4 146.4 146.4
Announcement Date 2/18/20 2/22/21 2/23/22 2/22/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,130 1,158 1,341 1,655 2,223 2,810 2,922 3,031
EBITDA 1 853.6 890.6 1,218 1,339 1,676 2,321 2,405 2,491
EBIT 1 633.8 666.1 976 1,050 1,170 1,449 1,507 1,639
Operating Margin 56.08% 57.55% 72.78% 63.48% 52.65% 51.56% 51.57% 54.07%
Earnings before Tax (EBT) 1 451.2 509 859.5 900.7 817.2 1,036 1,129 1,238
Net income 1 420 481.8 827.6 860.7 803.2 966.7 1,060 1,165
Net margin 37.16% 41.62% 61.72% 52.01% 36.14% 34.41% 36.27% 38.44%
EPS 2 3.240 3.710 6.190 6.410 4.740 4.332 4.765 5.242
Free Cash Flow 699.9 - - 1,153 - - - -
FCF margin 61.93% - - 69.7% - - - -
FCF Conversion (EBITDA) 82% - - 86.15% - - - -
FCF Conversion (Net income) 166.66% - - 134% - - - -
Dividend per Share 2 3.560 3.600 4.500 6.000 6.480 6.512 6.837 6.969
Announcement Date 2/18/20 2/22/21 2/23/22 2/22/23 2/27/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 364.5 379.8 408 428.8 438.1 434 440.7 650.9 697 688 699 710.2 707.5 712.4 728.1
EBITDA 1 374 303.2 344.7 341.3 349.5 342 352.4 550.1 529.6 532.8 583.7 590.8 593.1 589.9 605.6
EBIT 1 311.8 235.3 275.7 269.9 269.6 263.5 273.3 299.8 333.5 335.8 357.6 370.4 372.8 379.8 394.7
Operating Margin 85.52% 61.95% 67.56% 62.93% 61.53% 60.73% 62.02% 46.06% 47.84% 48.81% 51.15% 52.15% 52.69% 53.31% 54.2%
Earnings before Tax (EBT) 1 279 211.8 243.3 231.7 213.9 202.9 208 190.8 215.5 215.8 245.2 254.4 248.1 246.7 262.2
Net income 1 268.4 203.6 232.1 220.7 204.3 196.3 202.4 188.4 216.1 213.1 233.5 242.5 237.3 240.5 260.1
Net margin 73.63% 53.6% 56.89% 51.48% 46.62% 45.24% 45.92% 28.94% 31.01% 30.97% 33.4% 34.15% 33.54% 33.76% 35.72%
EPS 2 2.000 1.438 1.626 1.650 1.520 1.460 1.500 0.9600 1.020 1.010 1.049 1.085 1.076 1.090 1.168
Dividend per Share 2 1.250 1.500 1.500 1.500 1.500 1.620 1.620 1.620 1.620 1.620 1.654 1.665 1.665 1.672 1.699
Announcement Date 2/23/22 5/3/22 8/2/22 11/1/22 2/22/23 5/2/23 8/3/23 11/7/23 2/27/24 4/30/24 - - - - -
1USD in Million2USD
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 4,976 5,637 5,882 7,239 10,918 11,287 11,360 11,506
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 5.829 x 6.33 x 4.83 x 5.407 x 6.513 x 4.863 x 4.723 x 4.619 x
Free Cash Flow 700 - - 1,153 - - - -
ROE (net income / shareholders' equity) 17% 18.9% 29.2% 27% 9.1% 6.8% 7.64% 7.56%
ROA (Net income/ Total Assets) 5.13% 5.37% 8.33% 7.6% 4.05% 4.3% 4% 4.7%
Assets 1 8,190 8,964 9,935 11,325 19,812 22,483 26,480 24,788
Book Value Per Share 2 18.80 19.40 23.30 24.30 68.10 64.40 63.30 60.10
Cash Flow per Share 2 - - - 8.740 8.290 8.950 9.300 -
Capex 1 53.7 67.3 1,290 84.9 116 124 95.9 156
Capex / Sales 4.75% 5.81% 96.16% 5.13% 5.23% 4.42% 3.28% 5.15%
Announcement Date 2/18/20 2/22/21 2/23/22 2/22/23 2/27/24 - - -
1USD in Million2USD
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
18
Last Close Price
146.4 USD
Average target price
156.3 USD
Spread / Average Target
+6.78%
Consensus
  1. Stock Market
  2. Equities
  3. EXR Stock
  4. Financials Extra Space Storage Inc.