Market cap is the total market value to buy the whole company. It is equal to the share price times the number of Shares Outstanding (EOP). Extra Space Storage's share price for the quarter that ended in Mar. 2024 was $147. Extra Space Storage's Shares Outstanding (EOP) for the quarter that ended in Mar. 2024 was 212 Mil. Therefore, Extra Space Storage's market cap for the quarter that ended in Mar. 2024 was $31,114 Mil.
Extra Space Storage's quarterly market cap
increased
from Sep. 2023 ($25,687 Mil) to Dec. 2023 ($33,874 Mil) but then
declined
from Dec. 2023 ($33,874 Mil) to Mar. 2024 ($31,114 Mil).
Extra Space Storage's annual market cap
declined
from Dec. 2021 ($30,364 Mil) to Dec. 2022 ($19,710 Mil) but then
increased
from Dec. 2022 ($19,710 Mil) to Dec. 2023 ($33,874 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Extra Space Storage's Enterprise Value for Today is $43,539 Mil.
Extra Space Storage Market Cap Historical Data
The historical data trend for Extra Space Storage's Market Cap 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.
Competitive Comparison of Extra Space Storage's Market Cap
For the REIT - Industrial subindustry, Extra Space Storage's Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Extra Space Storage's Market Cap distribution charts can be found below:
* The bar in red indicates where Extra Space Storage's Market Cap falls into.
Extra Space Storage Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
Extra Space Storage's Market Cap 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.
Extra Space Storage (NYSE:EXR) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Extra Space Storage Market Cap Related Terms
Thank you for viewing the detailed overview of Extra Space Storage's Market Cap 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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