Extra Space Starts 2018 Strong Heading Into Peak Leasing Season for Storage
Extra Space Storage’s first-quarter results were roughly in line with management’s guidance and our expectations. There was not much to be surprised about, as the company has consistently bested peers over the past several quarters. Revenue this quarter increased 5.2% while net operating income grew 4.5% from the same period a year ago on a same-store basis. We continue to credit the mid-single-digit growth to Extra Space’s utilization of proprietary revenue-maximizing programs, which we believe...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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