What is Extra Space Storage Return-on-Tangible-Equity?
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Extra Space Storage's annualized net income for the quarter that ended in Dec. 2023 was $865 Mil. Extra Space Storage's average shareholder tangible equity for the quarter that ended in Dec. 2023 was $13,990 Mil. Therefore, Extra Space Storage's annualized Return-on-Tangible-Equity for the quarter that ended in Dec. 2023 was 6.18%.
The historical rank and industry rank for Extra Space Storage's Return-on-Tangible-Equity or its related term are showing as below:
EXR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 9.37 Med: 18.18 Max: 30.04
Current: 10.88
During the past 13 years, Extra Space Storage's highest Return-on-Tangible-Equity was 30.04%. The lowest was 9.37%. And the median was 18.18%.
EXR's Return-on-Tangible-Equity is ranked better than 79.7% of 798
companies
in the REITs industry
Industry Median: 4.47
vs EXR: 10.88
Extra Space Storage Return-on-Tangible-Equity Historical Data
The historical data trend for Extra Space Storage's Return-on-Tangible-Equity 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.
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Extra Space Storage Return-on-Tangible-Equity Chart
Competitive Comparison of Extra Space Storage's Return-on-Tangible-Equity
For the REIT - Industrial subindustry, Extra Space Storage's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Extra Space Storage's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Extra Space Storage's Return-on-Tangible-Equity falls into.
Extra Space Storage Return-on-Tangible-Equity Calculation
Extra Space Storage's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Dec. 2023) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Extra Space Storage (NYSE:EXR) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Extra Space Storage Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of Extra Space Storage's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
Extra Space Storage (Extra Space Storage) Business Description
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.
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