Extra Space Storage (EXR) to Announce Quarterly Earnings on Tuesday

Key Points

• Extra Space Storage is expected to report Q2 2026 earnings after the market closes on Tuesday, July 28, with analysts looking for $1.16 EPS and $870.97 million in revenue.
• The company previously missed earnings estimates in its last quarter, posting $1.14 EPS versus the expected $2.01, though revenue came in slightly above consensus at $856.03 million.
• EXR has set FY 2026 guidance at $8.05 to $8.35 EPS, and the stock currently offers a 4.4% dividend yield after paying a quarterly dividend of $1.62 per share.

Extra Space Storage (NYSE:EXR - Get Free Report) will likely be releasing its Q2 2026 results after the market closes on Tuesday, July 28th. Analysts expect the company to post earnings of $1.16 per share and revenue of $870.9650 million for the quarter. Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Investors can check the company's upcoming Q2 2026 earning results page for the latest details on the call scheduled for Wednesday, July 29, 2026 at 1:00 PM ET.

Extra Space Storage (NYSE:EXR - Get Free Report) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $1.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.01 by ($0.87). The firm had revenue of $856.03 million for the quarter, compared to the consensus estimate of $851.35 million. Extra Space Storage had a return on equity of 6.65% and a net margin of 27.66%.Extra Space Storage's quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 EPS. On average, analysts expect Extra Space Storage to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Extra Space Storage Stock Performance

Shares of Extra Space Storage stock opened at $147.35 on Tuesday. The company has a current ratio of 0.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.93. The stock's fifty day moving average price is $145.36 and its 200-day moving average price is $142.32. The firm has a market cap of $31.13 billion, a P/E ratio of 33.04, a P/E/G ratio of 4.59 and a beta of 1.19. Extra Space Storage has a 12 month low of $125.71 and a 12 month high of $155.19.

Extra Space Storage Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 4.4%. The ex-dividend date was Monday, June 15th. Extra Space Storage's dividend payout ratio is presently 145.29%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Bank of America raised shares of Extra Space Storage from an "underperform" rating to a "neutral" rating and raised their target price for the company from $147.00 to $156.00 in a research report on Tuesday, June 16th. UBS Group upped their price target on shares of Extra Space Storage from $158.00 to $163.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Raymond James Financial assumed coverage on shares of Extra Space Storage in a research note on Thursday, July 16th. They set an "outperform" rating and a $44.00 price objective on the stock. Barclays lifted their price objective on shares of Extra Space Storage from $170.00 to $172.00 and gave the company an "overweight" rating in a report on Friday, July 10th. Finally, Mizuho boosted their price objective on shares of Extra Space Storage from $150.00 to $155.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 27th. Six investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat.com, Extra Space Storage has an average rating of "Hold" and an average price target of $146.27.

Insider Transactions at Extra Space Storage

In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 3,300 shares of Extra Space Storage stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $150.00, for a total value of $495,000.00. Following the transaction, the executive vice president owned 37,374 shares in the company, valued at $5,606,100. The trade was a 8.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.96% of the stock is owned by company insiders.

Institutional Trading of Extra Space Storage

A number of institutional investors have recently modified their holdings of EXR. State Street Corp raised its stake in shares of Extra Space Storage by 1.7% during the 3rd quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust's stock worth $1,960,599,000 after acquiring an additional 230,697 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Extra Space Storage by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,172,956 shares of the real estate investment trust's stock valued at $413,192,000 after acquiring an additional 58,294 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Extra Space Storage by 3.1% during the 4th quarter. Invesco Ltd. now owns 3,051,693 shares of the real estate investment trust's stock valued at $397,391,000 after purchasing an additional 91,022 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Extra Space Storage by 0.8% during the 3rd quarter. Northern Trust Corp now owns 2,867,036 shares of the real estate investment trust's stock valued at $404,080,000 after purchasing an additional 23,719 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Extra Space Storage by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,713,021 shares of the real estate investment trust's stock valued at $353,290,000 after purchasing an additional 142,122 shares during the last quarter. 99.11% of the stock is currently owned by institutional investors.

About Extra Space Storage

Extra Space Storage NYSE: EXR is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.

Its business model combines property ownership with third-party management and development activities.

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