Extra Space Storage (EXR) versus Its Peers Head to Head Contrast

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

Analyst Recommendations

This is a breakdown of recent recommendations 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	518	2781	3666	191	2.49

Extra Space Storage currently has a consensus price target of $156.75, indicating a potential downside of 2.35%. As a group, “Specialized REITs” companies have a potential upside of 15.57%. Given Extra Space Storage’s competitors higher probable upside, analysts clearly believe Extra Space Storage has less favorable growth aspects than its competitors.

Dividends

Extra Space Storage pays an annual dividend of $6.48 per share and has a dividend yield of 4.0%. 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 120.3% of their earnings in the form of a dividend. Extra Space Storage has raised its dividend for 1 consecutive years.

Earnings & Valuation

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	32.63
Extra Space Storage Competitors	$2.74 billion	$596.00 million	31.66

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

Risk and Volatility

Extra Space Storage has a beta of 1.07, suggesting 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, suggesting that their average stock price is 8% less volatile than the S&P 500.

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	-5.31%	-3.47%	1.99%

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 hedge funds, large money managers and endowments believe a company is poised for long-term growth.

Summary

Extra Space Storage beats its competitors on 10 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.