Extra Space Storage Inc
EXR: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$117.00 | Sfc | Zmshhhgl |
Slowing Demand for Self-Storage Will Weigh on Extra Space's Results in 2024
Business Strategy and Outlook
Extra Space Storage acquires, owns, and operates self-storage facilities, which offer storage spaces of varying sizes and features on a monthly lease, for personal and business use. The company also has a lucrative insurance business and a strategically important third-party management business.