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EXR

Extra Space Storage Inc.

EXR

NYSE·Real Estate·REIT - Industrial·Mkt cap $31.1B

$149.07

+1.21%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$125.71 - $155.19

P/E

33.88

Fwd P/E

31.24

Beta

1.21

Div Yield

4.40%

Avg Vol

1.2M

Shares Out

211.3M

Mkt Cap

$31.1B

Price action

Price chart

Down 3.0% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Extensive Nationwide Facility Network
  • Advanced Digital Rental Platforms
  • Efficient Operational Management
  • Strong Brand Recognition

Bear Case

2 risks

  • Average volatility.
  • Premium valuation to sector peers

Growth

Stable outlook

Urbanization Trends

Value

Premium valuation to sector peers

Momentum

Strong

+10.0% over 3m

Quality

Stable

Strong fundamentals

Dividend

Solid

4.40% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Apr 27, 2026

Q2 26 RECAP

APR 28, 2026

Reported EPS of $1.14 vs $1.12 consensus (+1.8% surprise). Revenue of $856.0M vs $851.4M expected (+0.6%). Beat on both top and bottom lines.

EPS beat +1.8%
Rev beat +0.6%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+1.8%

Next: Apr 27, 2026

Revenue trend · last 8Q

+3%

+3%

+2%

-9%

+9%

+2%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$827.9M

$854.8M

$840.7M

$839.9M

$841.6M

$777.6M

$918.4M

$856.0M

Margins · last 8Q

Gross

70.1%

Operating

42.9%

Profit

28.1%

Wall Street consensus

10 analysts · 40% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

4

40%

Hold

6

60%

Sell

0%

Median Price Target

$155.00

+4.0% vs $149.07

Low $148.00
Median $155.00
High $158.00

Latest: Bank of America · Jun 16, 2026

3 analysts covering

vs Industry

How EXR stacks vs REIT - Industrial

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.

Related

Peers & themes

Peers

No peer data available.