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Extra Space Storage ( (EXR) ) has issued an update.
On August 21, 2025, Extra Space Storage LP, a subsidiary of Extra Space Storage Inc., entered into a fourth amended and restated credit agreement with various financial institutions. This agreement allows for aggregate borrowings of up to $4.5 billion, with provisions for extensions and interest rates tied to the company’s credit ratings. The agreement is significant as it enhances the company’s financial flexibility and supports its strategic growth initiatives, although it includes several financial covenants and customary events of default.
The most recent analyst rating on (EXR) stock is a Buy with a $160.00 price target. To see the full list of analyst forecasts on Extra Space Storage stock, see the EXR Stock Forecast page.
Spark’s Take on EXR Stock
According to Spark, TipRanks’ AI Analyst, EXR is a Neutral.
Extra Space Storage’s overall stock score reflects strong financial performance and strategic initiatives to support growth. However, technical indicators suggest a bearish trend, and valuation metrics indicate potential overvaluation. The mixed outlook from the earnings call, with both positive developments and challenges, further influences the score.
To see Spark’s full report on EXR stock, click here.
More about Extra Space Storage
Extra Space Storage Inc. operates in the self-storage industry, providing storage solutions through its network of facilities. The company focuses on offering secure and convenient storage options for personal and business use, positioning itself as a leader in the self-storage market.
Average Trading Volume: 1,148,953
Technical Sentiment Signal: Sell
Current Market Cap: $31.07B
Learn more about EXR stock on TipRanks’ Stock Analysis page.