Extra Space Storage (EXR) recently made significant strides in changing its market position. The company rang the closing bell to mark the completion of its merger with Life Storage. This comes amidst a 14% dip in share price over the past week but is followed by an upgrade in stock ratings buoyed by positive outlooks on the self-storage REITs sector. The firm has announced the pricing of $500 million worth of 5.4% Senior Notes due 2035 while preparing for their Q1 Earnings release. Brokerages such as Bank of America and Scotiabank have adjusted their targets on EXR, adding to the positive sentiments. The company's store count has surpassed 4,000 nationwide as it continues to increase its revenue streams. CEO Joseph Margolis has been reported to have sold $1.1 million in stock. Meanwhile, EXR has seen a mixed Q4 report but shows strong potential in future performance metrics. The company's stock performance remains relatively stable despite the overall sector facing challenges.
Extra Space Storage EXR News Analytics from Wed, 12 Jun 2024 07:00:00 GMT to Thu, 24 Apr 2025 16:00:00 GMT -
Rating 5
- Innovation -3
- Information 7
- Rumor 1
