Extra Space Storage (FRA:FG8) 5-Year Yield-on-Cost % : 7.37 (As of Apr. 25, 2024)

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What is Extra Space Storage 5-Year Yield-on-Cost %?

Extra Space Storage's yield on cost for the quarter that ended in Dec. 2023 was 7.37.

The historical rank and industry rank for Extra Space Storage's 5-Year Yield-on-Cost % or its related term are showing as below:

FRA:FG8' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 3.92 Med: 6.61 Max: 12.57
Current: 7.37

During the past 13 years, Extra Space Storage's highest Yield on Cost was 12.57. The lowest was 3.92. And the median was 6.61.

FRA:FG8's 5-Year Yield-on-Cost % is ranked better than
52.75% of 836 companies
in the REITs industry
Industry Median: 7.105 vs FRA:FG8: 7.37

Competitive Comparison of Extra Space Storage's 5-Year Yield-on-Cost %

For the REIT - Industrial subindustry, Extra Space Storage's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, Extra Space Storage's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Extra Space Storage's 5-Year Yield-on-Cost % falls into.

Extra Space Storage 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Extra Space Storage is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Extra Space Storage (FRA:FG8) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Extra Space Storage 5-Year Yield-on-Cost % Related Terms

Thank you for viewing the detailed overview of Extra Space Storage's 5-Year Yield-on-Cost % provided by GuruFocus.com. Please click on the following links to see related term pages.

Extra Space Storage (FRA:FG8) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Extra Space Storage Inc (FRA:FG8) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

EXR:USA 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.

Extra Space Storage (FRA:FG8) Headlines

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