Valued at a market cap of $28.2 billion, Extra Space Storage Inc. (EXR) is a real estate investment trust (REIT) that specialises in self-storage facilities. The Salt Lake City, Utah-based company offers a wide range of storage solutions, including climate-controlled units, drive-up access units, lockers, as well as vehicle, boat and RV storage.
This industrial REIT has considerably underperformed the broader market over the past 52 weeks. Shares of EXR have declined 20.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 13.7%. Moreover, on a YTD basis, the stock is down 12.7%, compared to SPX’s 13.4% uptick.
