As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to their future outlook. In the case of Extra Space Storage Inc (NYSE:EXR), it is a dependable dividend payer with a a great history of delivering benchmark-beating performance. Below is a brief commentary on these key aspects. For those interested in understanding where the figures come from and want to see the analysis, read the full report on Extrace Storage here.
Solid track record established dividend payer
Over the past year, EXR has grown its earnings by 33.4%, with its most recent figure exceeding its annual average over the past five years. Not only did EXR outperformed its past performance, its growth also exceeded the REITs industry expansion, which generated a 5.8% earnings growth. This paints a buoyant picture for the company.
Income investors would also be happy to know that EXR is one of the highest dividend payers in the market, with current dividend yield standing at 4.0%. EXR has also been regularly increasing its dividend payments to shareholders over the past decade.
For Extrace Storage, I’ve put together three relevant factors you should further examine:
- Future Outlook: What are well-informed industry analysts predicting for EXR’s future growth? Take a look at our free research report of analyst consensus for EXR’s outlook.
- Financial Health: Are EXR’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of EXR? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
To help readers see past the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price-sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned. For errors that warrant correction please contact the editor at firstname.lastname@example.org.