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

Company Overview

Extra Space Storage Inc. is a self-storage real estate investment trust (REIT) that acquires, develops, owns and operates storage properties across the United States. The company’s facilities provide a variety of storage solutions, including traditional drive-up units, climate-controlled spaces, vehicle and boat storage, as well as business-oriented options such as document storage and warehouse overflow. With a focus on convenience and security, Extra Space Storage offers features like 24-hour video surveillance, electronic gates, online rental and payment capabilities, and insurance offerings to meet the needs of both individual and corporate customers.

Headquartered in Cottonwood Heights, Utah, Extra Space Storage operates hundreds of facilities in more than 40 states and the District of Columbia. Its portfolio encompasses a wide range of unit sizes, from small lockers to large units capable of housing furniture, equipment or vehicles. Many properties are situated in suburban and urban growth markets, ensuring broad geographic coverage and accessibility. The company also holds interests in third-party managed properties, extending its management expertise without direct ownership in select markets.

Founded in 1977 and publicly listed in March 2004 under the ticker symbol EXR, Extra Space Storage has grown through a combination of organic development and strategic acquisitions. Over the years, it has completed transactions with regional and national storage operators to expand its footprint and consolidate market share. This acquisition-driven growth strategy has enabled the company to benefit from economies of scale, operational efficiencies and enhanced brand recognition in the highly fragmented self-storage industry.

Leadership at Extra Space Storage comprises industry veterans who guide the company’s strategic direction and day-to-day operations. The board is chaired by David W. Beazer, and executive management is led by President and Chief Executive Officer Joseph D. Margolis. Under their stewardship, the company continues to invest in technology, customer service and property enhancements, aiming to deliver consistent occupancy, rental rate growth and long-term value for shareholders.

Key Stats

• Today's Range: $150.31 to $152.09
• 50-Day Range: $135.59 to $151.97
• 52-Week Range: $121.03 to $175.57
• Volume: 789,271 shs
• Average Volume: 1.16 million shs
• Market Capitalization: $31.97 billion
• P/E Ratio: 32.67
• Dividend Yield: 4.30%
• Price Target: $148.64
• Consensus Rating: Hold

Extra Space Storage Stock Analysis - MarketRank™

Extra Space Storage scored higher than 86% of companies evaluated by MarketBeat, and ranked 260th out of 928 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: 2.2 / 5
• Analyst Rating: Hold

Consensus Rating

Extra Space Storage has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 6 buy ratings, 9 hold ratings, and 1 sell rating.

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: 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 32.67, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 43.24.

Price to Earnings Ratio vs. Sector

The P/E ratio of Extra Space Storage is 32.67, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 21.27.

Price to Earnings Growth Ratio

Extra Space Storage has a PEG Ratio of 2.73. 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 2.15. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.40% of the outstanding shares of Extra Space Storage have been sold short.

Short Interest Ratio / Days to Cover

Extra Space Storage has a short interest ratio ("days to cover") of 2.6, 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 decreased by 19.73%, indicating that investor sentiment is improving 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 4.28%, 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 140.56%. 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

1.40% of the outstanding shares of Extra Space Storage have been sold short.

Short Interest Ratio / Days to Cover

Extra Space Storage has a short interest ratio ("days to cover") of 2.6, 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 decreased by 19.73%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.25

News Sentiment

Extra Space Storage has a news sentiment score of 1.25. 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 0.67 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 17 news articles for Extra Space Storage this week, compared to 17 articles on an average week.

Search Interest

Only 4 people have searched for EXR on MarketBeat in the last 30 days. This is a decrease of -56% compared to the previous 30 days.

MarketBeat Follows

2 people have added Extra Space Storage to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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 $1,060,575.00 in company stock.

Percentage Held by Insiders

Only 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.

EXR Stock Analysis - Frequently Asked Questions

How have EXR shares performed this year?

Extra Space Storage's stock was trading at $149.60 at the start of the year. Since then, EXR stock has increased by 0.7% and is now trading at $150.63.

How were Extra Space Storage's earnings last quarter?

Extra Space Storage Inc (NYSE:EXR) announced its earnings results on Wednesday, July, 30th. The real estate investment trust reported $2.05 earnings per share for the quarter, missing analysts' consensus estimates of $2.06 by $0.01. Extra Space Storage's revenue for the quarter was up 3.8% on a year-over-year basis.
Read the conference call transcript.

Who are Extra Space Storage's major shareholders?

Top institutional investors of Extra Space Storage include Voya Investment Management LLC (0.20%), Gradient Investments LLC (0.08%), Swedbank AB (0.08%) and Pacer Advisors Inc. (0.07%). Insiders that own company stock include Kenneth M Woolley, Samrat Sondhi, Joseph Saffire, Gwyn Goodson Mcneal, William N Springer, Joseph D Margolis, Matthew T Herrington, Diane Olmstead and Joseph J Bonner.
View institutional ownership trends.

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

• Last Earnings: 7/30/2025
• Record date for 9/30 Dividend: 9/15/2025
• Ex-Dividend for 9/30 Dividend: 9/15/2025
• Dividend Payable: 9/30/2025
• Today: 10/21/2025
• Next Earnings (Estimated): 10/29/2025
• 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 Price Target for Extra Space Storage: $148.64
• High Price Target: $169.00
• Low Price Target: $55.00
• Potential Upside/Downside: -1.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.31
• Research Coverage: 16 Analysts

Profitability

• EPS (Trailing Twelve Months): $4.61
• Trailing P/E Ratio: 32.77
• Forward P/E Ratio: 18.65
• P/E Growth: 2.73
• Net Income: $854.68 million
• Net Margins: 29.51%
• Pretax Margin: 32.22%
• Return on Equity: 6.69%
• Return on Assets: 3.44%

Debt

• Debt-to-Equity Ratio: 0.88
• Current Ratio: 0.29
• Quick Ratio: 0.29

Sales & Book Value

• Annual Sales: $3.31 billion
• Price / Sales: 9.69
• Cash Flow: $7.78 per share
• Price / Cash Flow: 19.42
• Book Value: $70.10 per share
• Price / Book: 2.16

Miscellaneous

• Outstanding Shares: 212,254,000
• Free Float: 209,367,000
• Market Cap: $32.07 billion
• Optionable: Optionable
• Beta: 1.11