Extra Space Storage (NYSE:EXR) completed a $244 million acquisition of 24 self-storage properties and reported the first positive move in new customer rates in three years. These developments indicate active growth and pricing strategies, which could influence future occupancy, revenue, and valuation. Analysts currently view the stock as undervalued, trading about 7% below the consensus target and 16.7% below Simply Wall St’s estimated fair value.
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Extra Space Storage Acquisition And Pricing Shift Raise Valuation Questions
Extra Space Storage (NYSE:EXR) completed a $244 million acquisition of 24 self-storage properties and reported the first positive move in new customer rates in three years. These developments indicate active growth and pricing strategies, which could influence future occupancy, revenue, and valuation. Analysts currently view the stock as undervalued, trading about 7% below the consensus target and 16.7% below Simply Wall St’s estimated fair value.