Extra Space Storage (EXR) & Its Rivals Head to Head Survey

Extra Space Storage (NYSE:EXR) is one of 35 publicly-traded companies in the “Specialized REITs” industry, but how does it contrast to its competitors? We will compare Extra Space Storage to related businesses based on the strength of its risk, dividends, institutional ownership, analyst recommendations, earnings, valuation and profitability.

Dividends

Extra Space Storage pays an annual dividend of $6.48 per share and has a dividend yield of 4.2%. Extra Space Storage pays out 131.7% 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 120.7% of their earnings in the form of a dividend. Extra Space Storage has raised its dividend for 1 consecutive years.

Analyst Recommendations

This is a breakdown of current ratings and recommmendations for Extra Space Storage and its competitors, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Extra Space Storage	0	8	8	0	2.50
Extra Space Storage Competitors	517	2776	3660	191	2.49

Extra Space Storage presently has a consensus price target of $155.38, suggesting a potential downside of 0.44%. As a group, “Specialized REITs” companies have a potential upside of 15.74%. Given Extra Space Storage’s competitors higher probable upside, analysts plainly believe Extra Space Storage has less favorable growth aspects than its competitors.

Volatility & Risk

Extra Space Storage has a beta of 1.07, indicating that its stock price is 7% more volatile than the S&P 500. Comparatively, Extra Space Storage’s competitors have a beta of 0.92, indicating that their average stock price is 8% less volatile than the S&P 500.

Insider and Institutional Ownership

99.1% of Extra Space Storage shares are owned by institutional investors. Comparatively, 78.0% of shares of all “Specialized REITs” companies are owned by institutional investors. 1.0% of Extra Space Storage shares are owned by company insiders. Comparatively, 7.5% of shares of all “Specialized REITs” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.

Profitability

This table compares Extra Space Storage and its competitors’ 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	-5.42%	-3.46%	2.00%

Valuation & Earnings

This table compares Extra Space Storage and its competitors gross revenue, earnings per share and valuation.

	Gross Revenue	Net Income	Price/Earnings Ratio
Extra Space Storage	$3.38 billion	$974.00 million	31.72
Extra Space Storage Competitors	$2.58 billion	$596.00 million	32.19

Extra Space Storage has higher revenue and earnings than its competitors. Extra Space Storage is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Summary

Extra Space Storage beats its competitors 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.