If You Invested $10K In Extra Space Storage Stock 10 Years Ago, How Much Would You Have Now?

Extra Space Storage Inc. EXR is a real estate investment trust, which owns and/or operates 4,099 self-storage stores in 43 states and Washington, D.C.

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If You Bought Extra Space Storage Stock 10 Years Ago

The company's stock traded at approximately $65.83 per share 10 years ago. If you had invested $10,000, you could have bought roughly 152 shares. Currently, shares trade at $149.83, meaning your investment's value could have grown to $22,760 from stock price appreciation alone. However, Extra Space Storage also paid dividends during these 10 years.

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Extra Space Storage's dividend yield is currently 4.32%. Over the last 10 years, it has paid about $45.51 in dividends per share, which means you could have made $6,913 from dividends alone.

Summing up $22,760 and $6,913, we end up with the final value of your investment, which is $29,673. This is how much you could have made if you had invested $10,000 in Extra Space Storage stock 10 years ago. This means a total return of 196.73%. However, this figure is less than the S&P 500 total return for the same period, which was 244.94%.

What Could The Next 10 Years Bring?

Extra Space Storage has a consensus rating of "Buy" and a price target of $162.95 based on the ratings of 21 analysts. The price target implies a nearly 9% potential upside from the current stock price.

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On April 29, the company announced its Q1 2025 earnings, posting FFO of $2, beating the consensus estimate of $1.98, while revenues of $704.38 million came in below the consensus of $763.47 million, as reported by Benzinga.

“We had a solid first quarter, beating same store revenue expectations, maintaining historically high occupancy, and continuing to grow our capital light ancillary businesses. This led to FFO growth above our internal projections. Despite this level of performance, the recent economic uncertainty has caused us to maintain our same-store guidance,” said CEO Joe Margolis.

For full-year 2025, the company expects core FFO in the range of $8 to $8.30.

Check out this article by Benzinga for 11 analysts' insights on Extra Space Storage.

Given the expected upside potential, growth-focused investors may find Extra Space Storage stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 4.32%.

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