Valued at a market cap of $30.4 billion, Extra Space Storage Inc. (EXR) is a Salt Lake City, Utah-based fully integrated real estate investment trust (REIT) that operates as one of the largest self-storage property managers in the United States.
This industrial REIT has considerably underperformed the broader market over the past 52 weeks. Shares of EXR have declined 1% over this time frame, while the broader S&P 500 Index ($SPX) has gained 27.4%. However, on a YTD basis, the stock is up 10.5%, outpacing SPX’s 8.8% rise.