EXR Stock: Price, Forecast, Financials & AI Analysis

High

Open

VWAP

Vol

Mkt Cap

Low

Amount

EV/EBITDA(TTM)

Total Shares

EV/OCF(TTM)

P/S(TTM)

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q4

FY2026Q1

FY2026Q2

736.27M

+4.11%

1.154

-6.97%

726.31M

+3.11%

1.125

-12.13%

739.08M

+2.51%

1.186

+0.49%

Estimates Revision

The market is revising Upward the revenue expectations for Extra Space Storage Inc. (EXR) for FY2025, with the revenue forecasts being adjusted by 0.03% over the past three months. During the same period, the stock price has changed by -4.70%.

Revenue Estimates for FY2025

Revise Upward

+0.03%

In Past 3 Month

EPS Estimates for FY2025

Revise Downward

-4.26%

In Past 3 Month

Stock Price

Go Down

-4.70%

In Past 3 Month

13 Analyst Rating

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 156.82 USD with a low forecast of 146.00 USD and a high forecast of 169.00 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.

5 Buy

8 Hold

0 Sell

Moderate Buy

Current: 0.000

Low

146.00

Averages

156.82

High

169.00

Current: 0.000

Low

146.00

Averages

156.82

High

169.00

Scotiabank

Nicholas Yulico

Outperform -> Sector Perform

downgrade

$162 -> $145

2026-01-08

New

Reason

Scotiabank

Nicholas Yulico

Price Target

$162 -> $145

2026-01-08

New

downgrade

Outperform -> Sector Perform

Reason

As previously reported, Scotiabank analyst Nicholas Yulico downgraded Extra Space Storage (EXR) to Sector Perform from Outperform with a price target of $145, down from $162. Following its meetings at Nareit in December and Q4 company updates, the firm now models a weaker 2026/2027 Self Storage revenue growth setup and expects Extra Space to lose its modest FFO per share multiple premium given it believes growth across several metrics will be similar to main peer Public Storage (PSA).

UBS

Michael Goldsmith

Buy

downgrade

$156 -> $148

2026-01-08

New

Reason

UBS

Michael Goldsmith

Price Target

$156 -> $148

2026-01-08

New

downgrade

Buy

Reason

UBS analyst Michael Goldsmith lowered the firm's price target on Extra Space Storage to $148 from $156 and keeps a Buy rating on the shares. 2026 is expected to mark a pivotal REIT turnaround, with forecast total returns of 9%-11% driven by improving macro conditions, attractive valuations, easing supply pressures, and a more stable political backdrop, the analyst tells investors in a research note. The outlook points to a bifurcated year with defensiveness in the first half of 2026 and stronger catalysts in the second half, favoring Healthcare, Shopping Centers, and Coastal Apartments, UBS says.

Scotiabank

Outperform -> Sector Perform

downgrade

$145

2026-01-07

New

Reason

Scotiabank

Price Target

$145

2026-01-07

New

downgrade

Outperform -> Sector Perform

Reason

Scotiabank downgraded Extra Space Storage to Sector Perform from Outperform with a $145 price target.

Truist

Hold

downgrade

$150 -> $142

2025-12-16

Reason

Truist

Price Target

$150 -> $142

2025-12-16

downgrade

Hold

Reason

Truist lowered the firm's price target on Extra Space Storage to $142 from $150 and keeps a Hold rating on the shares. The firm is adjusting its model to reflect its expectations of modest earnings multiple expansion, the analyst tells investors in a research note.

Morgan Stanley

Equal Weight

maintain

$155 -> $152

2025-12-05

Reason

Morgan Stanley

Price Target

$155 -> $152

2025-12-05

maintain

Equal Weight

Reason

Morgan Stanley lowered the firm's price target on Extra Space Storage to $152 from $155 and keeps an Equal Weight rating on the shares. The firm says slowing job growth is a demand headwind to the self storage names which may lead to below peer growth. While the supply backdrop is improving, it remains elevated, the analyst tells investors in a research note. Storage real estate investment trusts have underperformed as earnings have been below expectations, adds Morgan Stanley.

Mizuho

Outperform -> NULL

downgrade

$154 -> $137

2025-12-05

Reason

Mizuho

Price Target

$154 -> $137

2025-12-05

downgrade

Outperform -> NULL

Reason

Mizuho lowered the firm's price target on Extra Space Storage to $137 from $154 and keeps an Outperform rating on the shares. The firm says self storage real estate investment trusts had a "lackluster" 2025 as expectations of fundamentals inflecting "proved to be premature." While there have been some "green shoots" for the sector from improving move-in rates, transactions, and easing supply pressures, demand for self storage will remain "relatively muted" in 2026, as elevated mortgage rates, unaffordability concerns, and a weaker consumer will weigh on existing home sales, the analyst tells investors in a research note.

Valuation Metrics

The current forward P/E ratio for Extra Space Storage Inc (EXR.N) is 28.01, compared to its 5-year average forward P/E of 31.22. For a more detailed relative valuation and DCF analysis to assess Extra Space Storage Inc 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

5Y Average PE

31.22

Current PE

28.01

Overvalued PE

35.98

Undervalued PE

26.45

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

5Y Average EV/EBITDA

20.05

Current EV/EBITDA

17.24

Overvalued EV/EBITDA

23.51

Undervalued EV/EBITDA

16.58

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

5Y Average PS

12.35

Current PS

9.41

Overvalued PS

15.25

Undervalued PS

9.45

Financials

Annual

Quarterly

N/A

Total Revenue

N/A

Operating Profit

N/A

Net Income after Tax

N/A

EPS - Diluted

N/A

Free Cash Flow

N/A

Gross Profit Margin - %

N/A

FCF Margin - %

N/A

Net Margin - %

N/A

ROIC

Trading Trends

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Hedge Fund

Hedge Funds are Neutral. There are no significant trading trends over the last quarter.

Sold

Bought

Congress Trading

Congress are Neutral. There are no significant trading trends over the last month.

Sold

Bought

Insider

Insiders are Neutral. There are no significant trading trends over the last month.

Sold

Bought

EXR News & Events

Events Timeline

No data

News

4.0

01-08Yahoo Finance

Extra Space Storage (EXR) Receives Overweight Rating with $151 Price Target

5.0

01-05PRnewswire

Extra Space Storage Promotes Noah Springer to President, Enhancing Strategic Leadership

5.0

01-05Newsfilter

Extra Space Storage Promotes Noah Springer to President, Driving Strategic Growth

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Frequently Asked Questions

What is Extra Space Storage Inc (EXR) stock price today?

The current price of EXR is 136.35 USD — it has increased 1.84 % in the last trading day.

What is Extra Space Storage Inc (EXR)'s business?

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.

What is the price predicton of EXR Stock?

What is Extra Space Storage Inc (EXR)'s revenue for the last quarter?

Extra Space Storage Inc revenue for the last quarter amounts to 858.46M USD, increased 4.08 % YoY.

What is Extra Space Storage Inc (EXR)'s earnings per share (EPS) for the last quarter?

Extra Space Storage Inc. EPS for the last quarter amounts to 0.78 USD, decreased -11.36 % YoY.

What changes have occurred in the market's expectations for Extra Space Storage Inc (EXR)'s fundamentals?

How many employees does Extra Space Storage Inc (EXR). have?

Extra Space Storage Inc (EXR) has 8012 emplpoyees as of January 09 2026.

What is Extra Space Storage Inc (EXR) market cap?

Today EXR has the market capitalization of 28.94B USD.