Extra Space Storage Inc. (EXR)

US — Real Estate Sector
Peers: CUBE  NSA  PSA  EGP  PLD  LSI  STAG  COLD  REXR  PLYM  LXP  SELF  IIPR 

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Key Metrics & Ratings

  • symbol EXR
  • Rev/Share 15.4701
  • Book/Share 69.7591
  • PB 2.2566
  • Debt/Equity 0.9539
  • CurrentRatio 1.2305
  • ROIC 0.0443

 

  • MktCap 31390251120.0
  • FreeCF/Share 9.1415
  • PFCF 16.2087
  • PE 34.3587
  • Debt/Assets 0.4569
  • DivYield 0.0438
  • ROE 0.0651

 

  • Rating
  • Score
  • Recommendation
  • P/E Score
  • DCF Score
  • P/B Score
  • D/E Score

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade EXR Scotiabank Sector Perform Sector Outperform -- $149 April 9, 2025
Upgrade EXR Scotiabank Sector Underperform Sector Perform -- $167 Jan. 10, 2025
Downgrade EXR Wells Fargo Overweight Equal Weight -- $175 Oct. 21, 2024
Upgrade EXR Jefferies Hold Buy $162 $204 Sept. 18, 2024
Initiation EXR RBC Capital Mkts -- Sector Perform -- $180 Sept. 10, 2024

News

Extra Space Storage: Solid Q1 Results, Buy The Leader In Self Storage
EXR
Published: May 28, 2025 by: Seeking Alpha
Sentiment: Positive

Extra Space Storage Inc. is the leading self storage REIT with a consistent history of paying rising dividends. EXR outperforms peers Public Storage and CubeSmart on five-year dividend growth rate, and consistent dividend increases, making it attractive for long-term income. Management excels at acquiring and optimizing properties, leveraging technology and AI to drive occupancy, revenue growth, and market share expansion.

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image for news Extra Space Storage: Solid Q1 Results, Buy The Leader In Self Storage
Extra Space Storage May Be Nearing An Inflection (Rating Upgrade)
EXR
Published: May 23, 2025 by: Seeking Alpha
Sentiment: Positive

I am upgrading Extra Space Storage to a 'buy' as industry supply pressures ease and business fundamentals show signs of turning the corner. EXR's leading market position, solid balance sheet, and secure 4.5% dividend yield support my positive outlook despite recent underperformance. Improving occupancy, Life Storage synergies, and moderating costs position EXR for 3-4% growth next year, with the potential for resumed dividend growth.

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image for news Extra Space Storage May Be Nearing An Inflection (Rating Upgrade)
Extra Space Storage Announces Executive Leadership Transition
EXR
Published: May 19, 2025 by: PRNewsWire
Sentiment: Neutral

Scott Stubbs to Retire as Chief Financial Officer, to be Succeeded by Jeff Norman, Senior Vice President of Capital Markets and Treasury, Effective July 1, 2025 SALT LAKE CITY , May 19, 2025 /PRNewswire/ -- Extra Space Storage Inc. (NYSE:EXR) (the "Company") announced today the planned succession for its Executive Vice President and Chief Financial Officer, P. Scott Stubbs, who will retire on December 31, 2025.

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image for news Extra Space Storage Announces Executive Leadership Transition
Extra Space Storage Q1 Core FFO Beats Estimates, Occupancy Grows Y/Y
EXR
Published: April 30, 2025 by: Zacks Investment Research
Sentiment: Positive

EXR's Q1 results reflect higher revenues year over year, aided by growth in occupancy. However, higher interest expenses marred the performance to an extent.

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image for news Extra Space Storage Q1 Core FFO Beats Estimates, Occupancy Grows Y/Y
Extra Space Storage Celebrates 4,000 Stores Milestone
EXR
Published: March 05, 2025 by: PRNewsWire
Sentiment: Neutral

SALT LAKE CITY , March 5, 2025 /PRNewswire/ -- Extra Space Storage, Inc., (NYSE:EXR) the largest operator of self storage properties in the U.S., announced a significant milestone for the company as they celebrate reaching over 4,000 stores nationwide. Extra Space has more than doubled its store count since 2021.

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image for news Extra Space Storage Celebrates 4,000 Stores Milestone
Extra Space Storage Inc. (EXR) Q4 2024 Earnings Call Transcript
EXR
Published: February 26, 2025 by: Seeking Alpha
Sentiment: Neutral

Extra Space Storage Inc. (NYSE:EXR ) Q4 2024 Earnings Conference Call February 26, 2025 1:00 PM ET Company Participants Jared Conley - Vice President, Investor Relations Joe Margolis - Chief Executive Officer Scott Stubbs - Chief Financial Officer Conference Call Participants Ki Bin Kim - Truist Jeff Spector - BofA Michael Goldsmith - UBS Brendan Lynch - Barclays Ronald Kamdem - Morgan Stanley Todd Thomas - KeyBanc Capital Markets Juan Sanabria - BMO Capital Markets Eric Wolfe - Citi Keegan Carl - Wolfe Research Nick Yulico - Scotiabank Michael Mueller - JPMorgan Salil Mehta - Green Street Jeremy Kuhl - …

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image for news Extra Space Storage Inc. (EXR) Q4 2024 Earnings Call Transcript
Extra Space Storage Q4 FFO Beats Estimates, Occupancy Grows Y/Y
EXR
Published: February 26, 2025 by: Zacks Investment Research
Sentiment: Positive

EXR's Q4 results reflect higher revenues year over year, aided by growth in occupancy, though lower same-store NOI marred the performance to an extent.

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image for news Extra Space Storage Q4 FFO Beats Estimates, Occupancy Grows Y/Y
Compared to Estimates, Extra Space Storage (EXR) Q4 Earnings: A Look at Key Metrics
EXR
Published: February 25, 2025 by: Zacks Investment Research
Sentiment: Neutral

While the top- and bottom-line numbers for Extra Space Storage (EXR) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

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image for news Compared to Estimates, Extra Space Storage (EXR) Q4 Earnings: A Look at Key Metrics
Extra Space Storage Inc. Announces 1st Quarter 2025 Dividend
EXR
Published: February 21, 2025 by: PRNewsWire
Sentiment: Neutral

SALT LAKE CITY , Feb. 21, 2025 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a first quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on March 31, 2025, to stockholders of record at the close of business on March 14, 2025.

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image for news Extra Space Storage Inc. Announces 1st Quarter 2025 Dividend
All-In: The 23-Stock Six-Figure Dividend Portfolio I'm Betting My Future On
ABBV, AM, CAT, CME, CNQ, CP, CSL, DE, DHR, EXR, GE, HD, LB, LHX, LMT, NOC, NSC, ODFL, PEP, REXR, RTX, TPL, UNP, VIG
Published: February 14, 2025 by: Seeking Alpha
Sentiment: Positive

Thank you to the Seeking Alpha community for your support! Reaching 40,000 followers is a dream come true. Your feedback fuels my work. I've invested 91% of my net worth in 23 high-conviction dividend stocks. Focused on wide-moat businesses, I prioritize quality and long-term growth over yield. My portfolio has outperformed the S&P 500, and I'm confident in its future. I expect a rotation to value stocks, and I'll keep sharing insights to grow together.

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image for news All-In: The 23-Stock Six-Figure Dividend Portfolio I'm Betting My Future On

About Extra Space Storage Inc. (EXR)

  • IPO Date 2004-08-16
  • Website https://www.extraspace.com
  • Industry REIT - Industrial
  • CEO Mr. Joseph Daniel Margolis J.D.
  • Employees 8012

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.