Extra Space Storage (EXR) continues to make strides in the revenue generation and investment space. With the completion of the
Life Storage Merger, the company has made significant headway into increasing its operating capabilities. Multiple revenue streams are being assessed to maintain growth while strategic planning has seen the company raise
$500M via a targeted debt offering. As a result, shareholders have been rewarded with a dividend payout of
$1.62 per share. Treasured as an important asset in
Passive Income Portfolios, the company's stock is viewed favorably by Wall Street analysts. With its
store count surpassing 4,000 nationwide, and its CEO
Joe Margolis being a recipient of the Glassdoor Employees’ Choice Award, the prospects for future growth are promising. The appointment of a new CFO alongside the improving operating environment all indicate a strengthening portfolio. Despite all this, there are external challenges that have resulted in some adjustments in the price target by analysts. Continued operation in such conditions is expected throughout 2025.
Extra Space Storage EXR News Analytics from Mon, 09 Nov 2020 08:00:00 GMT to Sat, 19 Jul 2025 12:17:40 GMT -
Rating 7
- Innovation 3
- Information 9
- Rumor -5
