EXR - 199K Reasons To Be Bullish On Extra Space Storage Stock | Benzinga
On May 28, a substantial insider purchase was made by Sue Harnett, Director at Extra Space Storage (NYSE:EXR), as per the latest SEC filing.
What Happened: Harnett's recent move, as outlined in a Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, involves purchasing 1,402 shares of Extra Space Storage. The total transaction value is $199,967.
The latest market snapshot at Wednesday morning reveals Extra Space Storage shares down by 0.81%, trading at $141.2.
Unveiling the Story Behind Extra Space Storage
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,700 self-storage properties in 42 states, with over 280 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: A Financial Overview
Revenue Growth: Extra Space Storage's revenue growth over a period of 3 months has been noteworthy. As of 31 March, 2024, the company achieved a revenue growth rate of approximately 58.94%. This indicates a substantial increase in the company's top-line earnings. As compared ...