Extra Space Storage (EXR) marked the completion of its
merger with Life Storage by ringing the closing NYSE bell. The CEO, Joe Margolis, has won a Glassdoor Employees' Choice Award. The self-storage company raised
$800M through its Senior Notes to fund acquisitions and growth. The notes are due by 2033. Despite weak technical pictures and mixed analyst sentiment, the firm continues to explore various revenue streams to maintain growth. The second quarter of 2025 saw
EXR revealing
earnings that fell below estimates and a dividend announcement for shareholders. Analyst ratings for the firm remain mixed amidst Stock Analysis but majority stick to 'Buy' with Barclays maintaining a $169 price target. Distinctly,
EXR completed an $800M Senior Notes offering and celebrates a milestone with 4,000 stores nation-wide. The resilience of the company remains underappreciated regardless of the slower recovery of the self-storage market.
EXR's aggressive expansion strategy raises questions on whether the company is prioritizing growth over organic performance. Finally, EXR's share price has seen a decrease in trading volume
Extra Space Storage EXR News Analytics from Tue, 29 Oct 2024 07:00:00 GMT to Sat, 16 Aug 2025 03:10:56 GMT -
Rating 4
- Innovation -5
- Information 7
- Rumor 0
