Extra Space Storage (EXR) Stock Price, News & Analysis

Company Overview

Extra Space Storage Inc. (NYSE: EXR) is a fully integrated real estate investment trust (REIT) that specializes in the ownership, operation and management of self storage properties. Founded in 1977 and headquartered in Salt Lake City, Utah, the company has evolved from a regional operator into one of the largest publicly traded storage REITs in the United States. Extra Space Storage completed its initial public offering in 2004 and has consistently expanded its national footprint through strategic acquisitions, development projects and partnerships.

As of the most recent reporting period, Extra Space Storage owns and/or operates thousands of storage facilities across more than 40 states, the District of Columbia and Puerto Rico. The company’s portfolio spans urban, suburban and rural markets, with properties tailored to a diverse customer base that includes residential renters, small businesses and commercial clients. Facility sizes range from small neighborhood locations to large-scale complexes, offering a mix of traditional and climate-controlled storage units.

Extra Space Storage provides an extensive array of products and services designed to simplify the moving and storage experience. Unit options include climate-controlled spaces, drive-up access, vehicle and boat storage, and business-use suites. In addition, each facility stocks a selection of moving and packing supplies, offers tenant insurance coverage and enables online reservations and account management. The company leverages proprietary technology for revenue management, digital marketing and customer service to optimize occupancy and drive operational efficiency.

The company’s leadership team combines deep expertise in real estate, property management and finance. Extra Space Storage is led by President and Chief Executive Officer Joseph D. Margolis, who oversees corporate strategy, acquisitions and development initiatives. The board of directors and senior management bring decades of experience in commercial real estate investment, capital markets and corporate governance. With a focus on disciplined growth and customer satisfaction, Extra Space Storage continues to be a prominent player in the self storage industry.

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Key Stats

• Today's Range: $145.27 to $148.01
• 50-Day Range: $138.31 to $153.00
• 52-Week Range: $121.03 to $184.87
• Volume: 1.43 million shs
• Average Volume: 1.05 million shs
• Market Capitalization: $30.93 billion
• P/E Ratio: 33.82
• Dividend Yield: 4.45%
• Price Target: $159.29
• Consensus Rating: Moderate Buy

Extra Space Storage Stock Analysis - MarketRank™

Extra Space Storage scored higher than 83% of companies evaluated by MarketBeat, and ranked 275th out of 938 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Extra Space Storage has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 8 buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Extra Space Storage has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: 2.96%

Earnings Growth

Earnings for Extra Space Storage are expected to grow by 2.96% in the coming year, from $8.10 to $8.34 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Extra Space Storage is 33.82, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.93.

Price to Earnings Ratio vs. Sector

The P/E ratio of Extra Space Storage is 33.82, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.75.

Price to Earnings Growth Ratio

Extra Space Storage has a PEG Ratio of 3.54. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Extra Space Storage has a P/B Ratio of 2.08. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.55% of the float of Extra Space Storage has been sold short.

Short Interest Ratio / Days to Cover

Extra Space Storage has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Extra Space Storage has recently increased by 1.88%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Extra Space Storage is a leading dividend payer. It pays a dividend yield of 4.44%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Extra Space Storage has only been increasing its dividend for 1 years.

Dividend Coverage

The dividend payout ratio of Extra Space Storage is 150.35%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Extra Space Storage will have a dividend payout ratio of 77.70% in the coming year. This indicates that Extra Space Storage may not be able to sustain their current dividend.

Sustainability and ESG

• Score: 4.0 / 5
• Environmental Score: -0.57

Percentage of Shares Shorted

1.55% of the float of Extra Space Storage has been sold short.

Short Interest Ratio / Days to Cover

Extra Space Storage has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Extra Space Storage has recently increased by 1.88%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 3.4 / 5
• News Sentiment: 1.05

News Sentiment

Extra Space Storage has a news sentiment score of 1.05. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.89 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 18 news articles for Extra Space Storage this week, compared to 13 articles on an average week.

Search Interest

Only 1 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

MarketBeat Follows

4 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Extra Space Storage insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,105,875.00 in company stock.

Percentage Held by Insiders

Only 1.36% of the stock of Extra Space Storage is held by insiders.

Percentage Held by Institutions

99.11% of the stock of Extra Space Storage is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

EXR Stock Analysis - Frequently Asked Questions

How have EXR shares performed this year?

Extra Space Storage's stock was trading at $149.60 on January 1st, 2025. Since then, EXR shares have decreased by 2.6% and is now trading at $145.7460.
View the best growth stocks for 2025 here.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage Inc (NYSE:EXR) announced its earnings results on Tuesday, April, 29th. The real estate investment trust reported $2.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.04. The firm's revenue for the quarter was up 2.6% compared to the same quarter last year.
Read the conference call transcript.

How do I buy shares of Extra Space Storage?

Shares of EXR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Extra Space Storage own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Extra Space Storage investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Tesla (TSLA), Exxon Mobil (XOM) and Costco Wholesale (COST).

Company Calendar

• Record date for 3/31 Dividend: 3/14/2025
• Ex-Dividend for 3/31 Dividend: 3/14/2025
• Dividend Payable: 3/31/2025
• Last Earnings: 4/29/2025
• Record date for 6/30 Dividend: 6/16/2025
• Ex-Dividend for 6/30 Dividend: 6/16/2025
• Today: 6/29/2025
• Dividend Payable: 6/30/2025
• Next Earnings (Estimated): 7/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: REIT - EQTY TRUST - OTHER
• Sub-Industry: Specialized REITs
• Current Symbol: NYSE:EXR
• Previous Symbol: NYSE:EXR
• CIK: 1289490
• Web: www.extraspace.com
• Phone: (801) 365-4600
• Fax: 801-365-4801
• Employees: 8,012
• Year Founded: 1977

Price Target and Rating

• Average Stock Price Target: $159.29
• High Stock Price Target: $204.00
• Low Stock Price Target: $55.00
• Potential Upside/Downside: +9.3%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 16 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $4.31
• Trailing P/E Ratio: 33.82
• Forward P/E Ratio: 17.99
• P/E Growth: 3.54
• Net Income: $854.68 million
• Net Margins: 27.84%
• Pretax Margin: 30.42%
• Return on Equity: 6.11%
• Return on Assets: 3.21%

Debt

• Debt-to-Equity Ratio: 0.85
• Current Ratio: 0.33
• Quick Ratio: 0.33

Sales & Book Value

• Annual Sales: $3.26 billion
• Price / Sales: 9.50
• Cash Flow: $7.80 per share
• Price / Cash Flow: 18.69
• Book Value: $70.10 per share
• Price / Book: 2.08

Miscellaneous

• Outstanding Shares: 212,210,000
• Free Float: 210,174,000
• Market Cap: $30.93 billion
• Optionable: Optionable
• Beta: 1.11