Extra Space Storage Inc (EXR)
NYSE:EXR
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EXR Stock Chart & Stats
$145.36
-$1.17(-0.79%)
At close: 4:00 PM EST
$145.36
-$1.17(-0.79%)
Day’s Range― - ―
52-Week Range$125.71 - $155.19
Previous CloseN/A
Volume134.17K
Average Volume (3M)1.02M
Market Cap
$33.23B
Enterprise Value$44.29B
Total Cash (Recent Filing)$138.99M
Total Debt (Recent Filing)$13.94B
Price to Earnings (P/E)33.6
Beta0.61
Next Earnings
Aug 04, 2026EPS Estimate
1.17Next Dividend Ex-DateN/A
Dividend Yield5.01%
Share Statistics
EPS (TTM)4.46
Shares Outstanding211,260,940
10 Day Avg. Volume1,085,393
30 Day Avg. Volume1,022,233
Financial Highlights & Ratios
PEG Ratio2.04
Price to Book (P/B)2.05
Price to Sales (P/S)8.17
P/FCF Ratio15.08
Enterprise Value/Market Cap1.33
Enterprise Value/Revenue13.05
Enterprise Value/Gross Profit46.83
Enterprise Value/Ebitda13.64
Forecast
1Y Price Target
$153.31Price Target Upside5.47% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)4.65
Revenue Forecast (FY)$3.47B
Bulls Say, Bears Say
Bulls Say
Strong Cash GenerationExtra Space's operating and free cash flow closely track reported earnings, producing consistently strong FCF and high cash conversion. Durable cash generation supports the REIT payout, deleveraging, opportunistic capex or JV investment, and cushions the business against cyclical rent volatility.
Same-store Revenue & NOI AccelerationSequential acceleration in same-store revenue and NOI, combined with stable ~93% occupancy, indicates improving demand and effective pricing execution. This reflects durable operational momentum that supports margin sustainability and FFO resilience through the leasing season and into the medium term.
Scalable Third‑party Management PlatformRapid expansion of third‑party management grows recurring fee revenue and leverages centralized marketing/revenue-management systems. The asset‑light model diversifies revenue away from owned-store rental income, enhances cash flow stability, and provides low-capital growth optionality over the medium term.
Bears Say
Moderate LeverageLeverage near one times equity increases sensitivity to interest-rate moves and refinancing cycles. Even with a large fixed-rate share, higher gross leverage constrains flexibility for acquisitions or share actions and amplifies downside risk to FFO and dividend coverage if operating performance softens.
Regulatory Constraints In L.A. CountyRegulatory limits on rate increases in a high‑occupancy L.A. County footprint reduce the ability to capture revenue upside from tight local fundamentals. If prolonged, this structural constraint can depress returns and comp performance for a material subset of stores and weighs on consolidated FFO growth.
Moderating New-customer Rates And Restrained AcquisitionsWeakening move‑in rate growth erodes organic revenue momentum while a disciplined, smaller acquisition program limits inorganic growth contribution. Combined with aggressive pricing in the acquisition market, this reduces near‑term upside to same‑store revenue and slows portfolio cash‑flow expansion.
Extra Space Storage News
EXR FAQ
What was Extra Space Storage Inc’s price range in the past 12 months?
Extra Space Storage Inc lowest stock price was $125.71 and its highest was $155.19 in the past 12 months.
What is Extra Space Storage Inc’s market cap?
Extra Space Storage Inc’s market cap is $33.23B.
When is Extra Space Storage Inc’s upcoming earnings report date?
Extra Space Storage Inc’s upcoming earnings report date is Aug 04, 2026 which is in 50 days.
How were Extra Space Storage Inc’s earnings last quarter?
Extra Space Storage Inc released its earnings results on Apr 28, 2026. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.117 by $0.023.
Is Extra Space Storage Inc overvalued?
According to Wall Street analysts Extra Space Storage Inc’s price is currently Undervalued.
Does Extra Space Storage Inc pay dividends?
Extra Space Storage Inc pays a Quarterly dividend of $1.62 which represents an annual dividend yield of 5.01%. See more information on Extra Space Storage Inc dividends here
What is Extra Space Storage Inc’s EPS estimate?
Extra Space Storage Inc’s EPS estimate is 1.17.
How many shares outstanding does Extra Space Storage Inc have?
Extra Space Storage Inc has 211,260,940 shares outstanding.
What happened to Extra Space Storage Inc’s price movement after its last earnings report?
Extra Space Storage Inc reported an EPS of $1.14 in its last earnings report, beating expectations of $1.117. Following the earnings report the stock price went down -0.347%.
Which hedge fund is a major shareholder of Extra Space Storage Inc?
Currently, no hedge funds are holding shares in EXR
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Extra Space Storage Stock Smart Score
Neutral
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Analyst Consensus
Moderate Buy
Average Price Target:
$153.31 (5.47% Upside)
$153.31 (5.47% Upside)
Blogger Sentiment
Bullish
EXR Sentiment 70%
Sector Average ―
Sector Average ―
Hedge Fund Trend
Increased
By 1.1M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $495.0K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.1%
Last 30 Days ▼ 6.3%
Last 30 Days ▼ 6.3%
News Sentiment
Very Bullish
Bullish news 99%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
4.72%
12-Months-Change
Fundamentals
Return on Equity
6.97%
Trailing 12-Months
Asset Growth
0.36%
Trailing 12-Months
Company Description
Extra Space Storage Inc
Extra Space Storage Inc., a prominent, self-administered and self-managed real estate investment trust (REIT), is headquartered in Salt Lake City, Utah, and holds a distinguished place as a member of the S&P 500 index. As of September 30, 2020, its expansive portfolio encompassed 1,906 self-storage facilities, with operations spanning 40 U.S. states, Washington, D.C., and Puerto Rico. Collectively, these facilities offer roughly 1.4 million individual storage units, totaling approximately 147.5 million square feet of rentable area. Extra Space Storage caters to diverse customer needs by providing a wide array of secure and conveniently located storage solutions nationwide. This includes specialized options for vehicles like boats and RVs, as well as dedicated business storage. Notably, it holds the position of the second-largest owner and operator of self-storage facilities throughout the U.S., and stands as the nation's largest self-storage management company.
EXR Company Deck
EXR Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call conveyed predominantly positive operational momentum: revenue and NOI acceleration, improving occupancy dynamics, strong ancillary growth (management fees, insurance), expanding third-party management, and a healthy balance sheet with significant liquidity. Management is exercising disciplined capital allocation amid aggressive market pricing for acquisitions, noted localized market and regulatory headwinds (L.A. County, some Sunbelt markets), a moderation in move-in rate growth, and short-term expense volatility due to weather and insurance timing. On balance, the company appears to be in a constructive recovery phase but remains cautious and measured given macro and valuation uncertainties.View all EXR earnings summariesEXR Revenue Breakdown
85.72% Property rental
10.45% Tenant Reinsurance
3.83% Management fees and other income
EXR Stock 12 Month Forecast
Average Price Target
$153.31
▲(5.47% Upside)
Technical Analysis
Cubesmart
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Public Storage
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National Storage Affiliates
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Innovative Industrial Properties
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Ownership Overview
0.88% Insiders
34.92% Mutual Funds
24.80% Other Institutional Investors
8.21% Public Companies and
Individual Investors