AllAnalyst Report
logoMorningstarApril 01, 2021

Extra Space Storage Inc.: Extra Space Realty Capitalizes on a Strong Self-Storage Market Environment

Symbols
EXR
Sector(s)
Real Estate
Rating
Current Price
$145.61
Fair Value
Economic Moat
Stewardship

Extra Space Storage owns, operates, and manages more than 1,800 self-storage properties in 38 states, with over 100 million net rentable square feet of storage space. Of these properties, the majority are wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee. The company is structured as an umbrella partnership REIT, or UPREIT.
Quotes from this report
Symbol
NamePriceIndustryCurrencyMarket CapMorningstar RatingEconomic MoatUncertainty RatingFair ValuePrice/Fair Value
EXR
Extra Space Storage Inc145.61N/AN/AN/AN/AN/AN/AN/AN/A

Analyst Profile

Kevin Brown

Equity Analyst
Kevin Brown is an equity analyst on the finance team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers apartment, healthcare, and hotel REITs and real estate service companies in the United States.Before joining Morningstar in 2018, Brown worked at an asset-management company focused on global real estate, spending nine years covering healthcare and hotel REITs.Brown holds a bachelor’s degree in economics from Dartmouth College. He also holds the Chartered Financial Analyst® designation.