If You Invested $1000 In This Stock 10 Years Ago, You Would Have $3,000 Today

Extra Space Storage EXR has outperformed the market over the past 10 years by 1.15% on an annualized basis producing an average annual return of 11.44%. Currently, Extra Space Storage has a market capitalization of $27.05 billion.

Buying $1000 In EXR: If an investor had bought $1000 of EXR stock 10 years ago, it would be worth $2,998.13 today based on a price of $128.05 for EXR at the time of writing.

Extra Space Storage's Performance Over Last 10 Years

Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.

This article was generated by Benzinga's automated content engine and reviewed by an editor.