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EXR Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
144.620
Open
143.540
VWAP
143.67
Vol
647.44K
Mkt Cap
30.27B
Low
143.080
Amount
93.02M
EV/EBITDA(TTM)
28.38
Total Shares
211.26M
EV
44.19B
EV/OCF(TTM)
23.77
P/S(TTM)
9.08
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.
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Events Timeline

(ET)
2026-04-28
16:30:00
Extra Space Storage Reaffirms FY26 Core FFO View $8.05-$8.35
select
2026-04-28
16:30:00
Company Reports Q1 Revenue of $856.03M, Beating Consensus
select

News

seekingalpha
9.5
04-29seekingalpha
Extra Space Storage Reports Q1 2026 Earnings with Positive Growth Indicators
  • Core Earnings Growth: Extra Space Storage reported a core FFO of $2.04 per share for Q1 2026, reflecting a 2% year-over-year increase, indicating the company's stability in revenue growth despite macroeconomic uncertainties.
  • Same-Store Revenue Increase: Same-store revenue grew by 1.7%, exceeding internal projections, showcasing a positive trend in customer acquisition and market demand improvement, which is expected to further drive future revenue growth.
  • Acquisition Plans: The company projects $200 million in acquisitions for 2026, primarily through asset-light joint venture structures, indicating strategic decisions aimed at expanding market share and enhancing competitiveness.
  • Financial Robustness: With 83% of its debt at fixed interest rates and an average rate of 4.3%, along with approximately $2 billion in revolving credit capacity, the company demonstrates a strong financial foundation and capability to navigate market fluctuations.
NASDAQ.COM
9.5
04-28NASDAQ.COM
Extra Space Storage Reports Decline in Q1 Profit
  • Profit Decline: Extra Space Storage reported a Q1 profit of $240.97 million, or $1.14 per share, down from $270.87 million and $1.28 per share last year, indicating challenges in maintaining profitability.
  • Revenue Growth: Despite the profit decline, the company achieved a 4.4% increase in revenue to $856.02 million compared to $819.99 million last year, suggesting ongoing business expansion even as profitability falters.
  • Future Guidance: The company provided full-year EPS guidance of $4.52 to $4.82, reflecting cautious optimism from management regarding future profitability, which may influence investor sentiment.
  • Market Reaction: Given the profit decline, market reactions to Extra Space Storage may lean negative, prompting investors to closely monitor how the company addresses profitability pressures and its future growth strategies.
seekingalpha
9.5
04-27seekingalpha
Extra Space Storage Q1 Earnings Announcement Scheduled
  • Earnings Release Date: Extra Space Storage (EXR) is set to announce its Q1 2023 earnings results on April 28th after market close, with consensus estimates for FFO at $2.01 and revenue at $727.72 million, indicating market anticipation of its financial performance.
  • Performance Expectations: The expected FFO of $2.01 and revenue of $727.72 million provide investors with an initial assessment of the company's future performance, which could significantly influence its stock price trajectory.
  • Historical Performance Review: In Q4 2022, Extra Space Storage reported an FFO of $2.08, beating estimates by $0.04, and revenue of $857.5 million, exceeding expectations by $124.64 million, showcasing the company's strong performance in terms of revenue and profitability.
  • Future Outlook: The company has guided for 2026 same-store revenue growth between -0.5% and 1.5%, and despite facing market challenges, steady occupancy and strategic capital deployment may support future growth prospects.
CNBC
4.5
04-24CNBC
U.S. Stocks Near All-Time Highs as Investors Eye Tech Giants' Earnings
  • Strong Market Performance: The S&P 500 and Nasdaq Composite indices reached new all-time highs in April, rising over 8% and 13% respectively, indicating robust market resilience despite ongoing geopolitical tensions and AI disruption concerns, reflecting investor confidence in tech stocks.
  • Earnings Pressure on Tech Giants: Next week, five of the 'Magnificent Seven' companies will report earnings, with market expectations for them to demonstrate sufficient revenue growth to justify their high AI expenditures; Alphabet, Amazon, Meta, and Microsoft have all seen stock price increases of over 10% this month, highlighting the market's keen interest in their performance.
  • Federal Reserve Meeting Impact: This is expected to be Jerome Powell's last meeting as chair, with the market widely anticipating that the Fed will keep interest rates unchanged, although rising oil prices could complicate future monetary policy, necessitating close attention to how this dynamic may affect the market.
  • Cautious Investor Sentiment: As the traditional market adage 'Sell in May' approaches, investors remain wary of potential downside risks, particularly in light of poor software stock performance and rising oil prices, which could further dampen market sentiment.
Yahoo Finance
8.5
04-10Yahoo Finance
Elixir Advances Taroom Gas Commercialization with APA Feasibility Deal
  • Feasibility Agreement Signed: Elixir Energy has signed an Early Works Agreement with APA Group to identify the most cost-effective route for gas from the Lorelle pilot project to the Wallumbilla Gas Hub, which is expected to provide an early development blueprint for future gas project development.
  • Pipeline Options Assessment: The study will evaluate two potential pipeline routes of 25 kilometers and 50 kilometers, comparing capital and operating costs, approval requirements, and service timing to select the optimal concept, thereby enhancing project feasibility.
  • Liquid Value Capture: Defining a gas sales route could accelerate access to the liquids value within the Taroom Trough project, with Elixir expecting the Lorelle pilot to also produce associated condensate and light oil, further expanding market opportunities.
  • Seismic Survey Completion: Elixir has completed its Teelba 2D seismic survey in the Taroom Trough on time and within budget, acquiring 225 kilometers of high-resolution data that enhances the assessment of potential hydrocarbon reserves in the area.
PRnewswire
9.5
03-30PRnewswire
Extra Space Storage Announces Earnings Call Schedule
  • Earnings Release Schedule: Extra Space Storage will release its financial results for the three months ending March 31, 2026, after market close on April 28, 2026, demonstrating the company's commitment to transparency and investor communication.
  • Conference Call Timing: The company will host a conference call on April 29, 2026, at 1:00 p.m. Eastern Time, led by CEO Joe Margolis, expected to provide in-depth analysis of financial results and operational performance.
  • Participation Restrictions: The Q&A session will be limited to registered financial analysts, with other participants having listen-only access, aimed at ensuring the depth and quality of professional discussions.
  • Playback Availability: A replay of the conference call will be available starting at 5:00 p.m. on April 29, 2026, and will remain accessible for one year, reflecting the company's commitment to ongoing information provision for investors.
Wall Street analysts forecast EXR stock price to rise
11 Analyst Rating
Wall Street analysts forecast EXR stock price to rise
4 Buy
7 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
142.00
Averages
152.00
High
178.00
Current: 0.000
sliders
Low
142.00
Averages
152.00
High
178.00
BofA
Samir Khanal
Underperform
maintain
$143 -> $147
AI Analysis
2026-05-04
Reason
BofA
Samir Khanal
Price Target
$143 -> $147
AI Analysis
2026-05-04
maintain
Underperform
Reason
BofA analyst Samir Khanal raised the firm's price target on Extra Space Storage to $147 from $143 and keeps an Underperform rating on the shares. The firm is updating models for Q1 results among its self storage REIT coverage.
Wells Fargo
Overweight
maintain
$150 -> $148
2026-04-16
Reason
Wells Fargo
Price Target
$150 -> $148
2026-04-16
maintain
Overweight
Reason
Wells Fargo lowered the firm's price target on Extra Space Storage to $148 from $150 and keeps an Overweight rating on the shares. The firm is incrementally cautious on the storage REITs into Q1 given year-to-date outperformance and guidance that came in above its expectations. Into the print, Wells is focused on the impact of higher inflation/rates, but doesn't expect potential guide cuts until the second half of 2026.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for EXR
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Valuation Metrics

The current forward P/E ratio for Extra Space Storage Inc (EXR.N) is 31.95, compared to its 5-year average forward P/E of 31.47. 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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
31.47
Current PE
31.95
Overvalued PE
35.94
Undervalued PE
26.99

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
19.75
Current EV/EBITDA
22.01
Overvalued EV/EBITDA
23.29
Undervalued EV/EBITDA
16.21

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
12.15
Current PS
10.36
Overvalued PS
15.08
Undervalued PS
9.21

Financials

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Whales Holding EXR

E
Empower Capital Management, LLC
Holding
EXR
+12.31%
3M Return
A
Apollo Global Management, Inc.
Holding
EXR
+10.92%
3M Return
N
Nan Shan Life Insurance Co., Ltd.
Holding
EXR
+8.91%
3M Return
S
Security Capital Research & Management Incorporated
Holding
EXR
+8.45%
3M Return
C
CenterSquare Investment Management LLC
Holding
EXR
+7.76%
3M Return
R
Resolution Capital Limited
Holding
EXR
+7.66%
3M Return

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Frequently Asked Questions

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

The current price of EXR is 143.3 USD — it has increased 0.02

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?

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 is152.00 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.

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

Extra Space Storage Inc revenue for the last quarter amounts to 856.03M USD, increased 4.39

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 1.14 USD, decreased -10.94

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

Extra Space Storage Inc (EXR) has 8393 emplpoyees as of May 10 2026.

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

Today EXR has the market capitalization of 30.27B USD.