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

Company Overview

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. Extra Space acquires existing facilities, develops new projects on owned or leased land, and provides property management services for other owners. The company emphasizes standardized operations, technology-enabled customer service and revenue management practices to drive occupancy and rental rates across its portfolio.

Extra Space Storage operates primarily across the United States and in select U.S. territories, maintaining a broad geographic footprint that serves both urban and suburban markets. Over time the company has expanded through organic development and acquisitions to become one of the largest publicly traded self-storage operators in the country, targeting markets where population growth, housing trends and limited competing storage supply support demand for storage space.

Strategically, the company focuses on scale, operational efficiency and technology integration to improve the customer experience and enhance asset performance. Management highlights typically include experienced executives and real estate professionals who oversee acquisitions, development, property operations and capital allocation, with an emphasis on sustainable growth and portfolio optimization. Extra Space Storage’s position as a REIT makes it an operator-oriented owner that aims to balance income-producing assets with selective expansion initiatives.

Key Stats

• Today's Range: $147.26 to $149.55
• 50-Day Range: $142.70 to $152.75
• 52-Week Range: $125.71 to $158.88
• Volume: 574,165 shs
• Average Volume: 1.31 million shs
• Market Capitalization: $31.57 billion
• P/E Ratio: 32.98
• Dividend Yield: 4.34%
• Price Target: $147.73
• Consensus Rating: Hold

Extra Space Storage Stock Analysis - MarketRank™

Extra Space Storage scored higher than 57% of companies evaluated by MarketBeat, and ranked 89th out of 189 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: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Extra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.38, and is based on no strong buy ratings, 6 buy ratings, 10 hold ratings, and no sell ratings.

Upside/Downside

The consensus price target for Extra Space Storage is close to its current price, suggesting limited near-term upside or downside.

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: 1.3 / 5
• Proj. Earnings Growth: 1.56%

Earnings Growth

Earnings for Extra Space Storage are expected to grow by 1.56% in the coming year, from $8.31 to $8.44 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Extra Space Storage is 32.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 45.28.

Price to Earnings Ratio vs. Sector

The P/E ratio of Extra Space Storage is 32.98, which means that it is trading at a more expensive P/E ratio than the Real Estate sector average P/E ratio of about 30.20.

Price to Earnings Growth Ratio

Extra Space Storage has a PEG Ratio of 4.23. 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 2.23. 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

2.23% 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 3.04, 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 1.47%, 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 4.42%, 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 76.78% in the coming year. This indicates that Extra Space Storage may not be able to sustain their current dividend.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 0.94

News Sentiment

Extra Space Storage has a news sentiment score of 0.94. 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 0.76 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 7 news articles for Extra Space Storage this week, compared to 5 articles on an average week.

Search Interest

Only 2 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

MarketBeat Follows

5 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.5 / 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 $495,000.00 in 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
• Today: 8/13/2026
• 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: $147.73
• High Price Target: $172.00
• Low Price Target: $44.00
• Potential Upside/Downside: -1.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.38
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.53
• Trailing P/E Ratio: 32.98
• Forward P/E Ratio: 17.98
• P/E Growth: 4.23
• 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: 9.35
• Cash Flow: $8.16 per share
• Price / Cash Flow: 18.31
• Book Value: $67.11 per share
• Price / Book: 2.23

Miscellaneous

• Outstanding Shares: 211,270,000
• Free Float: 209,242,000
• Market Cap: $31.57 billion
• Optionable: Optionable
• Beta: 1.18