Extra Space Storage (NYSE:EXR – Get Free Report) is one of 35 public companies in the “Specialized REITs” industry, but how does it contrast to its peers? We will compare Extra Space Storage to similar businesses based on the strength of its risk, profitability, earnings, valuation, dividends, institutional ownership and analyst recommendations.
Dividends
Extra Space Storage pays an annual dividend of $6.48 per share and has a dividend yield of 4.3%. Extra Space Storage pays out 143.0% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future. As a group, “Specialized REITs” companies pay a dividend yield of 3.4% and pay out 123.3% of their earnings in the form of a dividend. Extra Space Storage has increased its dividend for 1 consecutive years.
Analyst Ratings
This is a breakdown of recent ratings for Extra Space Storage and its peers, as reported by MarketBeat.com.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| Extra Space Storage | 0 | 8 | 8 | 0 | 2.50 |
| Extra Space Storage Competitors | 514 | 2767 | 3647 | 190 | 2.49 |
Extra Space Storage presently has a consensus target price of $148.60, suggesting a potential downside of 2.49%. As a group, “Specialized REITs” companies have a potential upside of 15.95%. Given Extra Space Storage’s peers higher probable upside, analysts plainly believe Extra Space Storage has less favorable growth aspects than its peers.
Risk & Volatility
Extra Space Storage has a beta of 1.15, suggesting that its share price is 15% more volatile than the S&P 500. Comparatively, Extra Space Storage’s peers have a beta of 0.94, suggesting that their average share price is 6% less volatile than the S&P 500.
Earnings & Valuation
This table compares Extra Space Storage and its peers gross revenue, earnings per share (EPS) and valuation.
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| Extra Space Storage | $3.38 billion | $974.00 million | 33.64 |
| Extra Space Storage Competitors | $2.59 billion | $596.00 million | 31.20 |
Extra Space Storage has higher revenue and earnings than its peers. Extra Space Storage is trading at a higher price-to-earnings ratio than its peers, indicating that it is currently more expensive than other companies in its industry.
Profitability
This table compares Extra Space Storage and its peers’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| Extra Space Storage | 29.90% | 7.36% | 3.55% |
| Extra Space Storage Competitors | -5.36% | -3.46% | 2.01% |
Institutional and Insider Ownership
99.1% of Extra Space Storage shares are held by institutional investors. Comparatively, 78.0% of shares of all “Specialized REITs” companies are held by institutional investors. 1.0% of Extra Space Storage shares are held by company insiders. Comparatively, 7.5% of shares of all “Specialized REITs” companies are held by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Summary
Extra Space Storage beats its peers on 9 of the 15 factors compared.
Extra Space Storage Company Profile
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 December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands. 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. It is the largest operator of self-storage properties in the United States.
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