Extra Space Storage (EXR)

Extra Space Storage (EXR)

Postby winston » Fri May 11, 2018 7:37 pm

not vested

A LEADING COMPANY BEHIND THE 'HOARDING' TREND

Today's chart highlights an expanding American industry...

As regular readers know, following the leaders of big secular trends can be a profitable investment strategy. And these days, the trend of "owning stuff" is in full force.

In fact, self-storage facilities outnumber McDonald's restaurants in the U.S. Today, we're looking at one of the winners in this space...

Extra Space Storage (EXR) has become the second-largest provider of self-storage units in the country. It has 1,400 locations, comprising 103 million square feet of rentable space. And business is booming...

The company's first-quarter net income increased more than 9% from the same period last year. And same-store revenue increased more than 5%.

The trend is up for the company's stock, as well... Shares have climbed about 30% over the past year, recently hitting a fresh 52-week high.

As long as Americans are buying, moving, and hoarding possessions, big players in the self-storage space should continue to do well.

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Extra Space Storage (EXR)

Postby winston » Wed Aug 07, 2019 9:50 pm

STEADY GAINS FROM BOXING UP OUR EXTRA STUFF

Today's company profits when our homes can't fit all our odds and ends...

In DailyWealth, we love finding big, secular trends to invest in. For example, retired Baby Boomers are downsizing their homes, while millennials flock to crowded cities. This means folks from every generation often just have too much stuff... And nearly 10% of American households turn to this company or its competitors...

Extra Space Storage (EXR) is America's second-largest self-storage company. Its 1,752 warehouses offer a whopping 134 million square feet of rentable space. And folks are filling up that space...

The company enjoys roughly 94% occupancy of its established stores, and sales reached $323.6 million in the most recent quarter – a 9% jump year over year.

EXR shares are up more than 45% over the past two years, and they just hit a new all-time high. As long as Americans continue to keep things that they can't fit at home, you can bet on the self-storage boom...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston
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Re: Extra Space Storage (EXR)

Postby winston » Fri Apr 09, 2021 9:46 pm

THE SELF-STORAGE BOOM IS STILL GOING STRONG

Today's company profits when folks have too much stuff...

Regular readers know we love finding big, secular trends to invest in. And one of the biggest over the past few years has been self-storage.

From Baby Boomers to millennials, many Americans are looking to relocate... And not all your stuff is going to come with you – especially if you're downsizing. That's where today's company comes in...

Extra Space Storage (EXR) is the second-largest self-storage company in the U.S. It has 1,921 locations across the nation that offer more than 145 million square feet of rentable space...

And over the past year, folks have been filling up that space at record levels. The company saw an all-time-high occupancy rate of 95% in 2020. And on top of that, the company made a $166 million profit in the most recent quarter... up 38% year over year.

As you can see, EXR shares have doubled over the past four years. And they recently hit a new all-time high. As long as folks keep needing somewhere to stow away their extra stuff, EXR's uptrend should continue...

Source: Daily Wealth
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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