Extra Space Storage, Inc. ($EXR) Possible Buy to $108 Confident Investor Rating: Good

Company name Extra Space Storage, Inc.
Stock ticker EXR
Live stock price [stckqut]EXR[/stckqut]
P/E compared to competitors Good


Employee productivity Fair
Sales growth Good
EPS growth Good
P/E growth Good
EBIT growth Good


Confident Investor Rating Good
Target stock price (TWCA growth scenario) $127.13
Target stock price (averages with growth) $149.79
Target stock price (averages with no growth) $71.57
Target stock price (manual assumptions) $125.3


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 operates through three segments: rental operations; tenant reinsurance, and property management, acquisition and development. The Company owns, operates, manages, acquires, develops and redevelops self-storage properties (stores). The Company has interests in approximately 1000 operating stores. Of these stores, the Company owns approximately 270 stores in joint venture partnerships. An additional approximately 350 operating stores are owned by third parties and operated by the Company. The Company’s operating stores are located in over 30 states of the United States, Washington D.C. and Puerto Rico, and contains approximately 100 million square feet of net rentable space in approximately 896,000 units. The Company’s businesses are conducted through Extra Space Storage LP. The Company’s rental operations activities include rental operations of stores.


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: $92.46
  • Growth: 0.17
  • Current EPS (TTM): $1.77
  • P/E: 52
  • Future EPS Calc: $3.88
  • Future Stock Price Calc: $201.79
  • Target stock price: $125.29

I hope that this makes you a Confident Investor.

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