In This Article:
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Extra Space Storage (NYSE:EXR) is a self-administered and self-managed REIT that owned and/or operated 3,862 self-storage stores in 42 states and Washington, D.C.
It is set to report its Q1 2025 earnings on April 29. Wall Street analysts expect the company to post revenues of $700.36 million, up from $688.04 million in the year-ago period.
If You Bought Extra Space Storage Stock 10 Years Ago
The company's stock traded at approximately $65.78 per share 10 years ago. If you had invested $10,000, you could have bought roughly 152 shares. Currently, shares trade at $153.91, meaning your investment's value could have grown to $23,398 from stock price appreciation alone. However, Extra Space Storage also paid dividends during these 10 years.
Don't Miss:
-
Many don’t know there are tax benefits when buying a unit as an investment — Here’s how to invest in real estate by mirroring BlackRock's big move
-
If there was a new fund backed by Jeff Bezos offering a 7-9% target yield with monthly dividends would you invest in it?
Extra Space Storage's dividend yield is currently 4.21%. Over the last 10 years, it has paid about $42.27 in dividends per share, which means you could have made $6,426 from dividends alone.
Summing up $23,398 and $6,426, we end up with the final value of your investment, which is $29,824. This is how much you could have made if you had invested $10,000 in Extra Space Storage stock 10 years ago. This means a total return of 198.24%. However, this figure is less than the S&P 500 total return for the same period, which was 221.01%.
Trending: CEO of Integris gathered a team of senior investment managers who have $34.22 billion in combined owned and managed assets in the West Coast — here’s how to invest in their private credit fund that targets 12% annual interest rate.
What Could The Next 10 Years Bring?
Extra Space Storage has a consensus rating of "Buy" and a price target of $171.24 based on the ratings of 18 analysts. The price target implies more than 11% potential downside from the current stock price.
On Feb. 25, the company announced its Q4 2024 earnings, posting FFO of $2.03, above the consensus estimate of $2.02, while revenues of $707.234 million missed the consensus of $759.594 million, as reported by Benzinga.
“The team continues to optimize performance in a challenging macro environment. This is evidenced by our ability to maintain strong occupancy during a time of year which is typically marked by occupancy declines. Our people, systems and high occupancy position the portfolio for future revenue growth as conditions improve," said CEO Joe Margolis.