Extra Space Storage is a self-administered and self-managed real estate investment trust, which is engaged in owning, operating, managing, acquiring, developing and redeveloping self-storage properties (stores). Co. operating segments are: self-storage operations; and tenant reinsurance. Co.'s self-storage operations activities include rental operations of wholly-owned stores. Tenant reinsurance activities include the reinsurance of risks relating to the loss of goods stored by tenants in Co.'s stores. Substantially all of Co.'s business is conducted through its subsidiary, Extra Space Storage LP. We show 60 historical shares outstanding datapoints in our EXR shares outstanding history coverage, used to compute EXR market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing Extra Space Storage market cap history over the course of time is important for investors
interested in comparing Extra Space Storage's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of Extra Space Storage versus a peer is one thing; comparing
Extra Space Storage market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like Extra Space Storage can fluctuate over the course of history.
With this page we aim to empower investors researching Extra Space Storage by allowing them to research the Extra Space Storage market cap history. |
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Video: The Importance of Market Cap
