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Additional Area Storage (NYSE:EXR) is a self-administered and self-managed REIT that owned and/or operated 3,862 self-storage shops in 42 states and Washington, D.C.
It’s set to report its Q1 2025 earnings on April 29. Wall Road analysts anticipate the corporate to submit revenues of $700.36 million, up from $688.04 million within the year-ago interval.
The corporate’s inventory traded at roughly $65.78 per share 10 years in the past. For those who had invested $10,000, you can have purchased roughly 152 shares. At the moment, shares commerce at $153.91, that means your funding’s worth might have grown to $23,398 from inventory value appreciation alone. Nonetheless, Additional Area Storage additionally paid dividends throughout these 10 years.
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Additional Area Storage’s dividend yield is at the moment 4.21%. Over the past 10 years, it has paid about $42.27 in dividends per share, which implies you can have made $6,426 from dividends alone.
Summing up $23,398 and $6,426, we find yourself with the ultimate worth of your funding, which is $29,824. That is how a lot you can have made in the event you had invested $10,000 in Additional Area Storage inventory 10 years in the past. This implies a complete return of 198.24%. Nonetheless, this determine is lower than the S&P 500 whole return for a similar interval, which was 221.01%.
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Additional Area Storage has a consensus ranking of “Purchase” and a value goal of $171.24 based mostly on the rankings of 18 analysts. The value goal implies greater than 11% potential draw back from the present inventory value.
On Feb. 25, the corporate introduced its This fall 2024 earnings, posting FFO of $2.03, above the consensus estimate of $2.02, whereas revenues of $707.234 million missed the consensus of $759.594 million, as reported by Benzinga.
“The group continues to optimize efficiency in a difficult macro surroundings. That is evidenced by our means to keep up robust occupancy throughout a time of 12 months which is often marked by occupancy declines. Our individuals, programs and excessive occupancy place the portfolio for future income progress as situations enhance,” stated CEO Joe Margolis.
