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Extra Space Storage (NYSE:EXR) is a self-administered and self-managed REIT that owned and/or operated 3,862 self-storage stores in 42 states and Washington, D.C.

It is set to report its Q1 2025 earnings on April 29. Wall Street analysts expect the company to post revenues of $700.36 million, up from $688.04 million in the year-ago period. 

If You Bought Extra Space Storage Stock 10 Years Ago

The company's stock traded at approximately $65.78 per share 10 years ago. If you had invested $10,000, you could have bought roughly 152 shares. Currently, shares trade at $153.91, meaning your investment's value could have grown to $23,398 from stock price appreciation alone. However, Extra Space Storage also paid dividends during these 10 years. 

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Extra Space Storage's dividend yield is currently 4.21%. Over the last 10 years, it has paid about $42.27 in dividends per share, which means you could have made $6,426 from dividends alone. 

Summing up $23,398 and $6,426, we end up with the final value of your investment, which is $29,824. This is how much you could have made if you had invested $10,000 in Extra Space Storage stock 10 years ago. This means a total return of 198.24%. However, this figure is less than the S&P 500 total return for the same period, which was 221.01%.

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What Could The Next 10 Years Bring? 

Extra Space Storage has a consensus rating of "Buy" and a price target of $171.24 based on the ratings of 18 analysts. The price target implies more than 11% potential downside from the current stock price.

On Feb. 25, the company announced its Q4 2024 earnings, posting FFO of $2.03, above the consensus estimate of $2.02, while revenues of $707.234 million missed the consensus of $759.594 million, as reported by Benzinga. 

“The team continues to optimize performance in a challenging macro environment.  This is evidenced by our ability to maintain strong occupancy during a time of year which is typically marked by occupancy declines.  Our people, systems and high occupancy position the portfolio for future revenue growth as conditions improve," said CEO Joe Margolis.

See Also: This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, with minimum investments as low as $100.

The company provided its full year 2025, expecting Core FFO in the range of $8 to $8.30.

Check out this article by Benzinga, which looks into Extra Space Storage’s recent short interest.

Given the expected downside potential, growth-focused investors may not find Extra Space Storage stock attractive. Conversely, the stock can be a good option for income-focused investors, who can benefit from the company's solid dividend yield of 4.21%.

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This article If You Invested $10,000 In Extra Space Storage Stock 10 Years Ago, How Much Would You Have Now? originally appeared on Benzinga.com