$Extra Space Storage Inc (EXR.US)$It is self-service storage...
$Extra Space Storage Inc(EXR.US$It is self-service storage. Revenue has continued to grow over the past 5 years, with an average growth rate of 11.7%. It reached 22% in 2022, and operating profit continued to grow. The average growth rate was 13.9%, the growth rate was 24.3% in 2022. The operating profit was 6.9 times the interest expenses, which is a heavy burden. Net profit has continued to grow for the past 4 years, and the average growth rate for 4 years is 19.8%.
In the first half of 2023, revenue increased 10.4%, operating profit increased 7.7%, and net profit shrank 8.9% due to a sharp increase in interest expenses.
Currently, the price-earnings ratio is 19.7, the price-earnings ratio has increased slightly to 20.6, and the dividend ratio is 5.7%. Considering the cyclicality of the sector and its possible current position, it is possible to open a small number of observation positions (👀).
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