Extra Space Storage's Total Assets for the quarter that ended in Dec. 2024 was $28,848 Mil.
Warning Sign:
If a company builds assets at 31.2% a year, faster than its revenue growth rate of 11% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Extra Space Storage's average Total Assets Growth Rate was 4.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 40.30% per year.
During the past 5 years, the average Total Assets Growth Rate was 31.20% per year.
During the past 10 years, the average Total Assets Growth Rate was 17.80% per year.
During the past 13 years, Extra Space Storage's highest 3-Year average Total Assets Growth Rate was 62.30%. The lowest was 2.70%. And the median was 19.50%.
The historical data trend for Extra Space Storage's Total Assets 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.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Extra Space Storage's Total Assets for the fiscal year that ended in Dec. 2024 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) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Extra Space Storage's Asset Turnover for the quarter that ended in Dec. 2024 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Extra Space Storage Total Assets Related Terms
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Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,800 self-storage properties in 42 states, with over 285 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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