Extra Space Storage: Solid Q1 Results, Buy The Leader In Self Storage

David Johnson
768 Followers
(10min)

Summary

  • Extra Space Storage Inc. is the leading self-storage REIT with a consistent history of paying rising dividends.
  • EXR outperforms peers Public Storage and CubeSmart on a five-year dividend growth rate, and consistent dividend increases, making it attractive for long-term income.
  • Management excels at acquiring and optimizing properties, leveraging technology and AI to drive occupancy, revenue growth, and market share expansion.
  • Risks include rising material and labor costs, but EXR's pricing power and growth opportunities support continued strong performance and dividend growth.
  • In this article, I explain why Extra Space Storage is one of the well-known REITs for quarterly income and long-term total return outperformance.

Green storage unit facility, unidentifiable

I rate Extra Space Storage Inc. (NYSE:EXR) a Buy, for income investors interested in real estate investment trusts (REITs). EXR is the largest self-storage REIT in the U.S. and consistently outperforms peers on total return over time, making it one of the favorite

This article was written by

768 Followers
David A. Johnson is founder and principal of Endurance Capital Management, a New Jersey Limited Liability Company. As an investor entrepreneur, David invests in stocks, bonds, options, ETFs, REITs, real estate, closed end funds and alternative investment funds such as hedge funds and private credit. With over 30 years’ experience in investing, David holds a Master of Science (MS) Degree in Finance, with a concentration in Investment Analysis, from Boston University, a Certificate in Financial Planning, and a Master’s in Business Administration (MBA) from Fordham University.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of EXR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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