Extra Space Storage Inc (N:EXR)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 2795 Cottonwood Parkway, Suite 400 SALT LAKE CITY UT 84121 |
| Tel: | 1-801-3651759 |
| Website: | https://www.extraspace.com |
| IR: | See website |
| Key People | ||
| Joseph D. Margolis Chief Executive Officer, Director | Peter Scott Stubbs Chief Financial Officer, Executive Vice President | Matthew Herrington Chief Operating Officer, Executive Vice President |
| Zachary T. Dickens Executive Vice President, Chief Investment Officer | Samrat Sondhi Executive Vice President, Chief Marketing Officer | Gwyn G. Mcneal Executive Vice President, Chief Legal Officer | Noah Springer Executive Vice President, Chief Strategy and Partnership Officer |
| Business Overview |
| Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, provides lending to acquire, develop and redevelop self-storage properties. It offers customers a selection of located storage units across the country, including boat storage, recreational vehicle (RV) storage and business storage. The Company owns and/or operates 3,714 self-storage stores in 42 states and Washington, D.C. The Company operates through two segments: self-storage operations, and tenant reinsurance. Its self-storage operations activities include rental operations of wholly owned stores. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in its stores. 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. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Extra Space Storage Inc revenues increased 33% to $2.56B. Net income applicable to common stockholders decreased 7% to $802M. Revenues reflect Self-storage operations segment increase of 34% to $2.22B, Tenant Reinsurance segment increase of 27% to $235.7M. Dividend per share decreased from $6.00 to $4.86. Basic Earnings per Share excluding Extraordinary Items decreased from $6.41 to $4.74. |
| Employees: | 7,618 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $39,122M as of Dec 31, 2023 |
| Annual revenue (TTM): | $2,560M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,896M as of Dec 31, 2023 |
| Net annual income (TTM): | $801.97M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$80.75M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $10,918M as of Dec 31, 2023 |
| Shares outstanding: | 211,620,383 as of Mar 26, 2024 |
| Index Membership: | S&P 500 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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