| 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 | Fair |
| Sales growth | Good |
| EPS growth | Good |
| P/E growth | Poor |
| EBIT growth | Good |
ANALYSIS
| Confident Investor Rating | Good |
| Target stock price (TWCA growth scenario) | $77.34 |
| Target stock price (averages with growth) | $62.88 |
| Target stock price (averages with no growth) | $30.04 |
| Target stock price (manual assumptions) | $63.47 |
The following company description is from Google Finance: http://www.google.com/finance?q=exr
Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, acquires, develops and redevelops professionally managed self-storage facilities. As of December 31, 2011, Extra Space Storage Inc. held ownership interests in 697 operating properties. Of these operating properties, 356 are wholly owned, and 341 are owned in joint venture partnerships. An additional 185 operating properties that are owned by franchisees or third-parties in exchange for a management fee, bringing the total number of operating properties, which it owns and/or manages to 882. The Company operates in three segments: property management, acquisition and development; rental operations, and tenant reinsurance. In January 2014, Extra Space Storage Inc acquired a self storage portfolio of 17 assets located in Virginia.
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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: $51.66
Growth: 0.15
Current EPS (TTM): $1.54
P/E: 33
Future EPS Calc: $3.09
Future Stock Price Calc: $102.21
Target stock price: $63.46
I hope that this makes you a better investor. [/s2If]