AirNet Technology raises $180 million in digital assets offering
Joseph J. Bonner, a director at Extra Space Storage Inc. (NYSE:EXR), recently sold 672 shares of the company’s common stock. The shares were sold at a price of $149.10 each, totaling approximately $100,195. Following this transaction, Bonner holds 4,557 shares in the company. According to InvestingPro data, Extra Space Storage boasts a market capitalization of $32 billion and maintains a notable dividend yield of 4.47%. Extra Space Storage is based in Salt Lake City, Utah, and operates as a real estate investment trust. The company has maintained dividend payments for 22 consecutive years and currently shows a GOOD financial health score according to InvestingPro analysis. With a P/E ratio of 35.86, the stock is currently trading at a premium to its Fair Value. Discover more insights and access comprehensive analysis with an InvestingPro subscription, which includes detailed research reports for over 1,400 US stocks.
In other recent news, Extra Space Storage Inc. reported its fourth-quarter 2024 earnings, exceeding earnings per share (EPS) expectations but narrowly missing revenue forecasts. The company posted an EPS of $1.24, surpassing the projected $1.07, while its revenue reached $821.89 million, slightly below the anticipated $825.25 million. Despite the positive EPS results, concerns over the revenue shortfall were evident among investors. Extra Space Storage has set its 2025 Core Funds From Operations (FFO) guidance between $8.00 and $8.30 per share. The company also announced a 2024 investment of $950 million and originated $980 million in bridge loans. Management highlighted that the company maintained industry-leading occupancy rates, although it faced challenges such as a 0.4% decrease in same-store revenue and a 3.5% decline in net operating income. Extra Space Storage plans to continue leveraging its diverse growth strategies, including joint ventures and third-party management, to support future growth.
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