Last €39.92 EUR
Change Today +0.114 / 0.29%
Volume 0.0
FG8 On Other Exchanges
Symbol
Exchange
New York
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As of 1:49 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

extra space storage inc (FG8) Snapshot

Open
€39.74
Previous Close
€39.80
Day High
€40.04
Day Low
€39.73
52 Week High
09/9/14 - €42.01
52 Week Low
12/16/13 - €28.74
Market Cap
4.6B
Average Volume 10 Days
10.0
EPS TTM
--
Shares Outstanding
116.0M
EX-Date
09/11/14
P/E TM
--
Dividend
€1.86
Dividend Yield
3.23%
Current Stock Chart for EXTRA SPACE STORAGE INC (FG8)

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extra space storage inc (FG8) Details

Extra Space Storage, Inc. operates as a real estate investment trust (REIT) in the United States. It engages in property management and development activities that include acquiring, managing, developing, and selling, as well as the rental of self-storage facilities. As of December 31, 2006, Extra Space Storage owned interests in 567 properties located in 32 states and Washington, D.C., as well as managed 74 properties owned by franchisees or third parties. As a REIT, the company would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1977 and is based in Salt Lake City, Utah.

2,584 Employees
Last Reported Date: 03/3/14
Founded in 1977

extra space storage inc (FG8) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $1.0M
Executive Chairman
Total Annual Compensation: $450.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $350.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $358.0K
Compensation as of Fiscal Year 2013.

extra space storage inc (FG8) Key Developments

Extra Space Storage Inc. Announces Third Quarter 2014 Dividend, Payable on September 30, 2014

Extra Space Storage Inc. announced that the company's board of directors has declared a quarterly dividend of $0.47 per share on the common stock of the company for the third quarter of 2014. The dividend is payable on September 30, 2014 to stockholders of record at the close of business on September 15, 2014.

Extra Space Storage Mulls Acquisitions

Extra Space Storage Inc. (NYSE:EXR) is looking for acquisitions. Spencer Kirk, Chief Executive Officer of Extra Space Storage Inc. said, "The only additional color I might give you is I think you'll still see Extra Space participating in the open market acquisition environment as well as what I call the off-market, where we've got the JV and the managed assets that have provided meaningful growth for our company over the last several years."

Extra Space Storage Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter Ending September 30, 2014 and for the Year 2014

Extra Space Storage Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenue of $160,240,000, compared to $126,246,000 for the last year. Income from operations was $70,661,000, compared to $53,375,000 for the last year. Income before equity in earnings of unconsolidated real estate ventures and income tax expense was $43,479,000, compared to $37,045,000 for the last year. Net income attributable to common stockholders was $41,665,000 or $0.36 per diluted share, compared to $34,466,000 or $0.31 per diluted share for the last year. Funds from operations were $76,812,000 or $0.63 per share, compared to $58,052,000 or $0.50 per share for the last year. Funds from operations as adjusted were $78,155,000 or $0.64 per share, compared to $58,848,000 or $0.51 per share for the last year. For the six months, the company reported total revenue of $312,420,000, compared to $245,568,000 for the last year. Income from operations was $131,059,000, compared to $100,104,000 for the last year. Income before equity in earnings of unconsolidated real estate ventures and income tax expense was $85,099,000, compared to $67,805,000 for the last year. Net income attributable to common stockholders was $79,005,000 or $0.68 per diluted share, compared to $65,891,000 or $0.59 per diluted share for the last year. Funds from operations were $144,655,000 or $1.18 per share, compared to $111,262,000 or $0.96 per share for the last year. Funds from operations as adjusted were $147,821,000 or $1.20 per share, compared to $111,945,000 or $0.97 per share for the last year. For the third quarter ending September 30, 2014, the company expects funds from operations to be in the range of $0.64 to $0.67 per share, funds from operations as adjusted to be in the range of $0.65 to $0.68 per share and net income attributable to common stockholders per diluted share to be in the range of $0.37 to $0.40. For the year 2014, the company expects funds from operations to be in the range of $2.42 to $2.50 per share, funds from operations as adjusted to be in the range of $2.46 to $2.54 per share, net tenant reinsurance income to be in the range of $45,000,000 to $46,000,000, interest expense to be in the range of $82,000,000 to $83,000,000 and net income attributable to common stockholders per diluted share to be in the range of $1.36 to $1.44. FFO estimates for the year are fully diluted for an estimated average number of shares and OP units outstanding during the year.

 

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FG8 Competitors

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Company Last Change
CubeSmart $17.99 USD -0.01
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FG8

Industry Average

Valuation FG8 Industry Range
Price/Earnings 32.5x
Price/Sales 9.9x
Price/Book 3.4x
Price/Cash Flow 20.5x
TEV/Sales 5.9x
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