| Company name | Extra Space Storage, Inc. |
| Stock ticker | EXR |
| Live stock price | [stckqut]EXR[/stckqut] |
| P/E compared to competitors | Good |
MANAGEMENT EXECUTION
| Employee productivity | Poor |
| Sales growth | Good |
| EPS growth | Good |
| P/E growth | Good |
| EBIT growth | Good |
ANALYSIS
| Confident Investor Rating | Good |
| Target stock price (TWCA growth scenario) | $120.73 |
| Target stock price (averages with growth) | $95.63 |
| Target stock price (averages with no growth) | $40.57 |
| Target stock price (manual assumptions) | $80.48 |
The following company description is from Google Finance: http://www.google.com/finance?q=exr
Extra Space Storage Inc., is a fully integrated, self-administered and self-managed real estate investment trust. The Company owns, operates, manages, acquires, develops and redevelops professionally managed self-storage facilities. It operates through three segments, namely rental operations; tenant reinsurance; and property management, acquisition and development. As of December 31, 2013, it held ownership interests in 779 operating properties. Of these operating properties, 506 are wholly-owned, and 273 are owned in joint venture partnerships. An additional 250 operating properties are owned by third parties and operated by the company. These operating properties are located in 35 states, Washington, D.C. and Puerto Rico and contain approximately 75.7 million square feet of net rentable space in approximately 680,000 units and currently serve a customer base of approximately 600,000 tenants. All of the Company’s businesses are conducted through Extra Space Storage LP.
Confident Investor comments: At this price and at this time, I think that a Confident Investor can confidently invest in Extra Space Storage, Inc.
If you would like to understand how to evaluate companies like I do on this site, please read my book, The Confident Investor. You can review the best companies that I have found (and I probably invest my own money in most of these companies) in my Watch List.
How was this analysis of Extra Space Storage, Inc. calculated?
For owners of my book, “The Confident Investor” I offer the following analysis (you must be logged in to this site as a book owner in order to see the following analysis). If you have registered and cannot see the balance of this article, make sure you are logged in and refresh your browser.
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In order to assist you in using the techniques of this book, the values that I used when calculating the Manual pricing above were:
- Stock price at the time of the calculation: $67.28
- Growth: 0.14
- Current EPS (TTM): $1.53
- P/E: 44
- Future EPS Calc: $2.94
- Future Stock Price Calc: $129.61
- Target stock price: $80.48
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I hope that this makes you a Confident Investor.