Extra Space Storage (Extra Space Storage) Book Value per Share : $68.11 (As of Dec. 2023)

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What is Extra Space Storage Book Value per Share?

Extra Space Storage's book value per share for the quarter that ended in Dec. 2023 was $68.11.

During the past 12 months, Extra Space Storage's average Book Value Per Share Growth Rate was 179.80% per year. During the past 3 years, the average Book Value Per Share Growth Rate was 52.00% per year. During the past 5 years, the average Book Value Per Share Growth Rate was 22.90% per year. During the past 10 years, the average Book Value Per Share Growth Rate was 10.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the book value growth rate using book value per share data.

During the past 13 years, the highest 3-Year average Book Value Per Share Growth Rate of Extra Space Storage was 52.00% per year. The lowest was 0.60% per year. And the median was 7.00% per year.

Extra Space Storage's current price is $133.47. Its book value per share for the quarter that ended in Dec. 2023 was $68.11. Hence, today's PB Ratio of Extra Space Storage is 1.96.

During the past 13 years, the highest P/B Ratio of Extra Space Storage was 9.75. The lowest was 1.52. And the median was 4.97.

Extra Space Storage Book Value per Share Historical Data

The historical data trend for Extra Space Storage's Book Value per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Extra Space Storage Book Value per Share Chart

Extra Space Storage Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Book Value per Share

Get a 7-Day Free Trial

19.61

19.40

23.27

24.34

68.11

Extra Space Storage Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Book Value per Share	Get a 7-Day Free Trial															24.34	24.10	24.11	68.81	68.11

Competitive Comparison of Extra Space Storage's Book Value per Share

For the REIT - Industrial subindustry, Extra Space Storage's PB Ratio, along with its competitors' market caps and PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Extra Space Storage's PB Ratio Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Extra Space Storage's PB Ratio distribution charts can be found below:

* The bar in red indicates where Extra Space Storage's PB Ratio falls into.

Extra Space Storage Book Value per Share Calculation

Extra Space Storage's Book Value Per Share for the fiscal year that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(14,391	-	0)	/	211
	=	68.11

Extra Space Storage's Book Value Per Share for the quarter that ended in Dec. 2023 is calculated as:

Book Value Per Share	=	(Total Stockholders Equity	-	Preferred Stock)	/	Shares Outstanding (EOP)
	=	(14,391	-	0)	/	211
	=	68.11

Theoretically it is what the shareholders will receive if the company is liquidated. Total Stockholders Equity is a balance sheet item and equal to Total Assets less Total Liabilities of the company.

Book value may include intangible items which may come from the company's past acquisitions. Book value less intangibles is called Tangible Book.

Extra Space Storage (NYSE:EXR) Book Value per Share Explanation

Usually a company's book value and Tangible Book per Share may not reflect its true value. The assets may be carried on the balance sheets at the original cost minus depreciation. This may underestimate the true economic values of the assets. It also may over-estimate their true economic value because the assets can become obsolete.

For financial companies such as banks and insurance companies, their assets may be reported in current market value of the assets owned. Book values of financial companies are more accurate indicator of the economic value of the company.

Extra Space Storage Book Value per Share Related Terms

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Extra Space Storage (Extra Space Storage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Extra Space Storage Inc (NYSE:EXR) » Definitions » Book Value per Share

Comparable Companies

Traded in Other Exchanges

FG8:Germany E1XR34:Brazil

Address

2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121

Website

http://www.extraspace.com

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 2,400 self-storage properties in 41 states, with over 180 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.

Executives

Joseph Saffire	director	6467 MAIN STREET, WILLIAMSVILLE NY 14221
Joseph D Margolis	director	C/O ARSENAL REAL ESTATE FUNDS, 117 ON THE GREEN, 67 PARK PLACE EAST, MORRISTOWN NJ 07960
Joseph J Bonner	director	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Mark G Barberio	director	19 WIK STREET, WILLIAMSVILLE NY 14221
Sue Harnett	director	P.O. BOX 195115, SAN JUAN PR 00919-5115
Jennifer Blouin	director	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Matthew T Herrington	officer: EVP & COO	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Gwyn Goodson Mcneal	officer: EVP/Chief Legal Officer	2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Samrat Sondhi	officer: SVP Operations	2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Jefferson Scott Shreve	director	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121
Kenneth M. Woolley	director	2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
P Scott Stubbs	officer: Senior VP Accounting	2795 EAST COTTONWOOD PARKWAY, SALT LAKE CITY UT 84121
Diane Olmstead	director	2795 E COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
Spencer Kirk	director, officer: Chief Executive Officer	2795 EAST COTTONWOOD PARKWAY, SUITE 400, SALT LAKE CITY UT 84121
William N Springer	officer: EVP, Assets & 3rd Party Mgmt	2795 E COTTONWOOD PARKWAY, SUITE 300, SALT LAKE CITY UT 84121