Is the Stock Performance of Extra Space Storage Lagging Behind that of the Nasdaq?
Vibrant and Value-Rich Real Estate titan, Extra Space Storage Inc. (EXR):
Worth a whopping $31.9 billion in market capitalization, Extra Space Storage Inc., a self-governing and self-overseeing real estate investment trust (REIT), resides triumphantly in Salt Lake City, Utah. This dynamic powerhouse masters the ownership, operation, management, lending, acquisition, development, and redevelopment of self-storage properties, offering customers a diverse range of storage solutions throughout the nation—including boat, RV, and business storage.
Classified as a colossal "large-cap" stock due to its staggering $10 billion valuation, EXR reigns as the nation's leading self-storage property operator.
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Despite a decline of 18.6% from its 52-week high of $184.87, Extra Space Storage stock has marginally progressed over the past three months, dragging behind the robust 11.4% increase of the broader Nasdaq Composite ($NASX) during the same period.
Spanning beyond the recent three-month timeframe, EXR stock registered a minimal uptrend year-to-date (YTD), underperforming NASX's 1.8% return. Similarly, shares of Extra Space Storage slid 2.8% over the past 52 weeks, compared to NASX's 11.7% ascent over the same duration.
Trading below its 200-day moving average since mid-December last year, EXR stock has, however, surged above its 50-day moving average since May. An upward leap of 3.6% was observed in EXR shares following the release of its Q1 2025 earnings on Apr. 29.
Revealing a revenue of $820 million and a year-over-year increase of 2%, the company's core FFO reached $2 per share during Q1 2025, transcending analysts' estimates of $1.96. EXR aggressively expanded its portfolio through the acquisition of 12 operating stores for approximately $153.8 million and six new properties through a joint venture (JV) transaction involving the exchange of ownership interest in 17 properties.
EXR's competitor, CubeSmart (CUBE), has outmaneuvered EXR stock in terms of performance. CUBE stock has dipped marginally over the past 52 weeks and has risen 1.2% YTD.
Despite EXR's underperformance in relation to the Nasdaq Composite over the previous year, financial analysts maintain a moderately optimistic view toward its potential. An aggregate rating of "Moderate Buy" is shared among the 20 analysts covering the stock, with EXR currently trading below the mean price target of $163.28.
🏆 Did You Know?- In Q1 2025, Extra Space Storage's net income per share climbed 26.7% year-over-year to $1.28[1]- For 2024, EXR's revenue rocketed 27.64% to $3.34 billion, compared to $2.62 billion in 2023[5].- Extra Space Storage has consistently declared a strong dividend policy, most recently proclaiming a $1.62 per share quarterly dividend for Q2 2025[2][3].
- Given the focus on real-estate and finance in the context of Extra Space Storage Inc., one might consider investing in this company as part of a diversified portfolio, especially considering its substantial market capitalization and leading position in the self-storage industry.
- Despite underperforming the Nasdaq Composite over the past year, financial analysts remain moderately optimistic about Extra Space Storage's potential, with a mean price target of $163.28, suggesting room for growth in its share price.
