Report
Brad Schwer
EUR 147.86 For Business Accounts Only

Strategic acquisitions and a third-party pipeline look to keep growth alive for Extra Space

Extra Space drives revenue through rental income on its wholly owned and joint-venture self-storage facilities, tenant reinsurance, and management fees for third-party facilities. We believe the self-storage business will continue to lend itself to consistent revenue growth in the form of incremental rent increases and a growing portfolio of facilities located in key metropolitan areas. Management expands the top line by increasing one of three key drivers: price, occupancy rate, and rentable sq...
Underlying
EXTRA SPACE STORAGE INC

Extra Space Storage is a self-administered and self-managed real estate investment trust, which is engaged in owning, operating, managing, acquiring, developing and redeveloping self-storage properties. Substantially all of the company's business is conducted through Extra Space Storage LP. The company operates in two segments: self-storage operations; and tenant reinsurance. Co's self-storage operations activities include rental operations of wholly-owned stores. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in the company's stores.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Brad Schwer

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