Extra Space Storage Promotes Noah Springer to President, Enhancing Strategic Leadership
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 05 2026
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Source: PRnewswire
- Leadership Change: Extra Space Storage has promoted current Executive Vice President Noah Springer to President, effective January 5, 2026, enhancing the company's strategic leadership and operational oversight.
- Management Platform Expansion: Springer played a pivotal role in developing the Management Plus platform, which has grown to become the largest third-party management platform in the storage sector with over 1,800 locations, significantly boosting the company's competitive edge.
- Experienced Executive: Since joining in 2006, Springer has amassed extensive experience in acquisitions, asset management, and human resources, making him a vital member of the senior management team, which is expected to lead to more efficient operations.
- Investor Engagement: The executive team, including Springer, will present at the KeyBanc Capital Markets Self Storage Investor Forum in New York on January 8, 2026, showcasing the company's strategic direction and market potential.
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Analyst Views on EXR
Wall Street analysts forecast EXR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for EXR is 152.00 USD with a low forecast of 142.00 USD and a high forecast of 178.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
4 Buy
7 Hold
0 Sell
Moderate Buy
Current: 137.160
Low
142.00
Averages
152.00
High
178.00
Current: 137.160
Low
142.00
Averages
152.00
High
178.00
About EXR
Extra Space Storage, Inc. is a self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, manages, provides lending to, acquires, develops and redevelops self-storage properties (stores). Its stores offer month-to-month rental of storage space for personal or business use. Its segments include self-storage operations and tenant reinsurance. Its self-storage operations segment includes rental operations of wholly owned stores. Its tenant reinsurance segment includes the reinsurance of risks relating to the loss of goods stored by tenants in its stores. The Company owns and operates 4,238 self-storage properties, which comprise approximately 2.9 million units and approximately 326.9 million square feet of rentable storage space operating under the Extra Space brand. It offers customers a selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Extra Space Storage (EXR) Announces 2025 Dividend Tax Allocations with $6.48 Total Distribution
- Dividend Overview: Extra Space Storage announced a total dividend distribution of $6.48 per share for 2025, with ordinary dividends amounting to $5.55 per share, reflecting the company's ongoing profitability and commitment to shareholder returns.
- Tax Classification Details: According to tax regulations, 76.38% of the capital gain distribution is excluded, while the remaining 23.62% is classified as a Three Year Amount, indicating the company's transparency and accountability in tax compliance.
- Shareholder Advisory: The company encourages shareholders to consult their personal tax advisors to ensure clarity on the specific tax treatment of distributions, demonstrating the company's focus on shareholder interests.
- Company Background: As of September 30, 2025, Extra Space Storage owned and operated 4,238 self-storage stores across 43 states and Washington, D.C., providing approximately 326.9 million square feet of rentable space, solidifying its leadership position in the U.S. self-storage market.
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Extra Space Storage (EXR) to Release 2025 Financial Results on February 19
- Earnings Release Schedule: Extra Space Storage will announce its financial results for 2025 after market close on February 19, 2026, expected to provide insights into operational performance and market dynamics, aiding investors in assessing future growth potential.
- Conference Call Timing: The company will host a conference call on February 20, 2026, at 1:00 PM ET, led by CEO Joe Margolis, to discuss financial results and answer questions from registered analysts, ensuring transparency of information.
- Webcast and Replay: The conference call will be available via live webcast on the company's investor relations page, with a replay starting February 20, 2026, at 5:00 PM ET, accessible for one year, allowing investors who missed the live event to catch up on key insights.
- Company Overview: Extra Space Storage is the largest operator of self-storage properties in the U.S., owning and operating 4,238 self-storage stores as of September 30, 2025, offering approximately 326.9 million square feet of rentable space, highlighting its market leadership.
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