The REIT
Extra Space Storage Inc. (EXR) continues to perform well amidst various market dynamics. Significant events include a boost in the
Q3 2024 EPS estimates by Zacks Research, and its shares being purchased by firms such as Wells Fargo & Company MN, QRG Capital Management Inc., and Principal Securities Inc. However, Zacks Research also downgraded the Q3 2025 EPS estimates. Extra Space Storage has consistently announced its dividends, the most recent being $1.62 per share for Q2 2024. The firm’s stocks have, on several occasions, outperformed its competitors, making it a solid long-term investment prospect. However,
oversupply and reduced demand were noted as potential challenges. Despite decreased Q4 net income due to Life Storage merger costs, notable results were seen in the Q1 2024 earnings amidst these challenges. Lastly, Extra Space Storage and Life Storage have now finalized their merger, which will undoubtedly impact the landscape of the US self-storage industry.
Extra Space Storage EXR News Analytics from Mon, 12 Jun 2023 07:00:00 GMT to Sun, 26 May 2024 19:21:28 GMT -
Rating 5
- Innovation -2
- Information 7
- Rumor -6
