Does Extra Space Storage (EXR) Have Long-Term Growth Opportunity?

Baron Funds, an investment management company, released its “Baron Real Estate Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here . In the fourth quarter, the fund rose 6.17% (Institutional Shares) compared to a 4.90% return for the MSCI US REIT Index (the “REIT Index”) and an 8.71% return for the MSCI USA IMI Extended Real Estate Index (the “MSCI Real Estate Index”). For 2022, the fund declined 28.44% compared to a 23.84% decline for the MSCI Real Estate Index and a 25.37% decline for the REIT Index. In addition, please check the fund’s top five holdings to know its best picks in 2022. Baron Funds highlighted stocks like Extra Space Storage Inc. (NYSE: EXR ) in the Q4 2022 investor letter. Headquartered in Salt Lake City, Utah, Extra Space Storage Inc. (NYSE:EXR) is a self-administered and self-managed REIT that provides convenient and secure storage units. On January 31, 2023, Extra Space Storage Inc. (NYSE:EXR) stock closed at $157.83 per share. One-month return of Extra Space Storage Inc. (NYSE:EXR) was 9.25%, and its shares lost 23.68% of their value over the last 52 weeks. Extra Space Storage Inc. (NYSE:EXR) has a market capitalization […]

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