Extra Space Storage Inc. (EXR) is undergoing substantial developments, with a range of planned and delivered initiatives set to shape its future. The company is in the middle of a development cycle, which could impact growth. EXR recently announced the pricing of
$500 Million of 5.400% Senior Notes due 2035 and a
$350 Million add-on offering of 5.500% Senior Notes due 2030. It also raised
$500M through a strategic debt offering, hinting at growth plans. CEO
Joseph Margolis sold substantial stock. Analysts offered mixed ratings, with
Morgan Stanley recommending an equal weight rating, adjusting their price target slightly. The stock saw a fall in Q4, but it has a 4.36% dividend yield and 11.12% upside potential, according to some analysis. In a strategic move, the firm has launched a
$1 Billion commercial paper note program with potential for growth is shown by surpassing
4,000 stores nationwide. Sector weaknesses are being balanced by the strength of the company. Potential for
13% upside is seen in a thorough investigation. CEO Joe Margolis' recognition through the
Glassdoor Employees' Choice Award also brings positive sentiment.
Extra Space Storage EXR News Analytics from Tue, 30 Apr 2024 07:00:00 GMT to Thu, 03 Apr 2025 23:23:44 GMT -
Rating 5
- Innovation -2
- Information 6
- Rumor -5
