Analyst Ki Bin Kim from Truist Financial maintained a Hold rating on Extra Space Storage and keeping the price target at $158.00.
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Ki Bin Kim has given his Hold rating due to a combination of factors that reflect the current state of Extra Space Storage’s performance. The company’s financial results indicate a stabilization in the self-storage sector, with rents approaching a flat year-over-year comparison after significant declines in previous years. However, the pace of improvement appears to have decelerated slightly, which is a point of concern.
While the longer-term trends suggest stabilization, the near-term results show a slight softness and a lower growth trajectory. The second quarter of 2025 showed stagnant same-store revenue growth and a decline in same-store net operating income compared to the previous quarter. These factors contribute to a cautious outlook, justifying the Hold rating as the company navigates these mixed signals in its operational performance.
In another report released today, BMO Capital also maintained a Hold rating on the stock with a $165.00 price target.