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Extra Space Storage ( (EXR) ) has provided an announcement.
On April 15, 2024, Extra Space Storage Inc. filed a Registration Statement with the SEC, updating the U.S. Federal Income Tax Consequences section in their prospectus. This filing underscores the company’s ongoing commitment to maintaining its REIT status, which allows it to avoid double taxation by distributing taxable income to shareholders. However, the company acknowledges potential risks, such as changes in tax laws that could impact its REIT status and tax obligations.
The most recent analyst rating on (EXR) stock is a Hold with a $180.00 price target. To see the full list of analyst forecasts on Extra Space Storage stock, see the EXR Stock Forecast page.
Spark’s Take on EXR Stock
According to Spark, TipRanks’ AI Analyst, EXR is a Neutral.
Extra Space Storage exhibits strong financial performance and strategic growth initiatives, though technical indicators suggest current bearish momentum. The valuation is moderate, supported by a strong dividend yield. While earnings call guidance reflects cautious optimism, challenges in revenue growth and expenses remain.
To see Spark’s full report on EXR stock, click here.
More about Extra Space Storage
Extra Space Storage Inc. operates in the real estate investment trust (REIT) industry, focusing on the management and operation of self-storage facilities. The company provides storage solutions for personal, business, and vehicle storage needs, positioning itself as a leader in the self-storage market.
Average Trading Volume: 1,116,809
Technical Sentiment Signal: Sell
Current Market Cap: $30.72B
For an in-depth examination of EXR stock, go to TipRanks’ Overview page.