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$Extra Space Storage Inc (EXR.US)$The company is engaged in ...

$Extra Space Storage Inc (EXR.US)$The company is engaged in self-storage and has achieved continuous revenue growth over the past 5 years, with an average growth rate of 11.7%. The growth rate has been fast in the past two years, reaching 22% in 2022. Operating profit has also continued to grow, with an average growth rate of 13.9%. In 2022, the growth rate was 24.3%. The operating profit is 6.9 times the interest expense, which is a heavy burden. Net income has continued to grow in the past 4 years, with an average growth rate of 19.8%.
In the first half of 2023, revenue increased by 10.4%, operating profit increased by 7.7%, and net income shrank by 8.9% due to a significant increase in interest expense.
The current price-to-earnings ratio is 19.7, the trailing price-to-earnings ratio has increased slightly to 20.6, and the dividend yield is 5.7%. Considering the cyclical nature of the sector and its current position, a small observation position (👀) can be established.
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