Extra Space Storage: Stock Performance & Q3 Results

Extra Space Storage, a leading self-storage REIT and S&P five hundred member, boasts over 4,200 stores across 43 states and D.C., offering nearly 3 million units. Despite its large-cap status and U.S. market dominance, EXR stock has faced challenges, dropping over 21% from its 52-week high and underperforming the real estate sector over the past 3 months. Year-to-date, the stock is down 13.4%, and it has consistently traded below its 200-day moving average since last year. Despite better-than-expected Q3 core funds from operations, shares fell 5% due to missed revenue expectations and a significant net income drop, partly due to a large loss from assets held for sale.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.