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

Company Overview

Extra Space Storage Inc. is a real estate investment trust (REIT) that owns, operates, manages and acquires self-storage facilities. Its properties provide individuals and businesses with rental storage units in a range of sizes, along with vehicle, boat and recreational vehicle storage at select locations.

The company also provides third-party management services for self-storage properties owned by other investors and operators. Its services generally include facility operations, marketing, customer support, revenue management and technology solutions. Extra Space Storage may also offer tenant protection products and other ancillary services connected with self-storage rentals.

Founded in 1977 and headquartered in Salt Lake City, Utah, Extra Space Storage expanded through facility development, acquisitions and management partnerships. The company serves customers across the United States, with a portfolio concentrated in major metropolitan areas and other population centers. Joseph D. Margolis has served as the company's chief executive officer since 2017.

Key Stats

• Today's Range: $131.53 to $133.38
• 50-Day Range: $132.18 to $152.75
• 52-Week Range: $125.71 to $158.88
• Volume: 1.06 million shs
• Average Volume: 1.46 million shs
• Market Capitalization: $28.15 billion
• P/E Ratio: 29.41
• Dividend Yield: 4.86%
• Price Target: $149.47
• Consensus Rating: Hold

Extra Space Storage Stock Analysis - MarketRank™

Extra Space Storage scored higher than 70% of companies evaluated by MarketBeat, and ranked 89th out of 187 stocks in the real estate sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Hold

Consensus Rating

Extra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.44, and is based on no strong buy ratings, 7 buy ratings, 9 hold ratings, and no sell ratings.

Upside Potential

Extra Space Storage has a consensus price target of $149.47, representing about 12.2% upside from its current price of $133.23.

Amount of Analyst Coverage

Extra Space Storage has been the subject of 11 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: 2.27%

Earnings Growth

Earnings for Extra Space Storage are expected to grow by 2.27% in the coming year, from $8.36 to $8.55 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Extra Space Storage is 29.41, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 38.92.

Price to Earnings Ratio vs. Sector

The P/E ratio of Extra Space Storage is 29.41, which means that it is trading at a more expensive P/E ratio than the Real Estate sector average P/E ratio of about 27.73.

Price to Earnings Growth Ratio

Extra Space Storage has a PEG Ratio of 3.78. 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 1.97. 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

2.32% 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 3.4, 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 8.70%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Extra Space Storage is a leading dividend payer. It pays a dividend yield of 4.90%, 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 143.05%. 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 75.79% in the coming year. This indicates that Extra Space Storage may not be able to sustain their current dividend.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 0.54

News Sentiment

Extra Space Storage has a news sentiment score of 0.54. 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 news sentiment score is similar to the average news sentiment of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 6 news articles for Extra Space Storage this week, compared to 4 articles on an average week.

Search Interest

2 people have searched for EXR on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.

MarketBeat Follows

3 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 0.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Extra Space Storage insiders have not sold or bought any company stock.

Percentage Held by Insiders

0.96% 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.

Company Calendar

• Record date for 6/30 Dividend: 6/15/2026
• Ex-Dividend for 6/30 Dividend: 6/15/2026
• Dividend Payable: 6/30/2026
• Last Earnings: 7/28/2026
• Record date for 9/30 Dividend: 9/15/2026
• Ex-Dividend for 9/30 Dividend: 9/15/2026
• Today: 9/26/2026
• Dividend Payable: 9/30/2026
• Next Earnings (Estimated): 11/04/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Real Estate
• Industry: Specialized REITs
• Sub-Industry: Self-Storage REITs
• Current Symbol: NYSE:EXR
• Previous Symbol: NYSE:EXR
• CIK: 1289490
• Web: www.extraspace.com
• Phone: (801) 365-4600
• Fax: 801-365-4801
• Employees: 8,393
• Year Founded: 1977

Price Target and Rating

• Average Price Target for Extra Space Storage: $149.47
• High Price Target: $172.00
• Low Price Target: $44.00
• Potential Upside/Downside: +12.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.44
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.53
• Trailing P/E Ratio: 29.41
• Forward P/E Ratio: 15.94
• P/E Growth: 3.78
• Net Income: $974 million
• Net Margins: 27.80%
• Pretax Margin: 30.38%
• Return on Equity: 6.70%
• Return on Assets: 3.27%

Debt

• Debt-to-Equity Ratio: 0.96
• Current Ratio: 1.56
• Quick Ratio: 1.56

Sales & Book Value

• Annual Sales: $3.38 billion
• Price / Sales: 8.33
• Cash Flow: $8.07 per share
• Price / Cash Flow: 16.50
• Book Value: $67.49 per share
• Price / Book: 1.97

Miscellaneous

• Outstanding Shares: 211,270,000
• Free Float: 209,242,000
• Market Cap: $28.15 billion
• Optionable: Optionable
• Beta: 1.16