Extra Space Storage
About: Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 4,000 self-storage properties in 42 states, with over 300 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
Employees: 8,012
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
36% more first-time investments, than exits
New positions opened: 101 | Existing positions closed: 74
17% more funds holding in top 10
Funds holding in top 10: 6 [Q4 2024] → 7 (+1) [Q1 2025]
13% more repeat investments, than reductions
Existing positions increased: 295 | Existing positions reduced: 262
1% more funds holding
Funds holding: 769 [Q4 2024] → 777 (+8) [Q1 2025]
2% less capital invested
Capital invested by funds: $30.5B [Q4 2024] → $29.8B (-$634M) [Q1 2025]
1.41% less ownership
Funds ownership: 96.19% [Q4 2024] → 94.79% (-1.41%) [Q1 2025]
52% less call options, than puts
Call options by funds: $18.1M | Put options by funds: $37.7M
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$55
63%
downside
Avg. target
$148
1%
downside
High target
$178
19%
upside
8 analyst ratings
4 positive
50%
4 neutral
50%
0 negative
0%
JP Morgan Michael Mueller | 8%upside $162 | Neutral Maintained | 13 Jun 2025 |
Mizuho Ravi Vaidya | 2%upside $153 | Outperform Maintained | 28 May 2025 |
Barclays Brendan Lynch | 19%upside $178 | Overweight Maintained | 16 May 2025 |
Benchmark Mark Zgutowicz | 63%downside $55 | Buy Maintained | 13 May 2025 |
B of A Securities Jeffrey Spector | 8%upside $161 | Neutral Maintained | 13 May 2025 |
Financial journalist opinion
Based on 7 articles about EXR published over the past 30 days
Negative
Seeking Alpha
4 days ago
REITs: Unloved, Unwanted, Undervalued
REITweek, the annual REIT industry conference, was held last week in New York City. Humbled by frustratingly persistent interest rate headwinds and historic underperformance, the venue halls were again quiet.
Positive
Seeking Alpha
4 days ago
AI Is Reshaping Real Estate - 3 REIT Sectors Set To Win Big
AI will significantly disrupt the world economy and most investments. Some property sectors will suffer, while others will benefit. We present the three biggest hidden winners.
Positive
Seeking Alpha
2 weeks ago
Extra Space Storage: Solid Q1 Results, Buy The Leader In Self Storage
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.
Positive
Seeking Alpha
2 weeks ago
REITs: The Riches Are In The Niches
REITs offer diversified, inflation-hedged income and capital appreciation, making them a compelling addition to any long-term investment portfolio. Current REIT valuations are attractive, with strong growth projected in sectors like data centers, industrial, net lease, and residential properties. I recommend focusing on quality REITs trading below historical multiples, emphasizing margin of safety and reliable dividend growth.
Positive
Seeking Alpha
3 weeks ago
Extra Space Storage May Be Nearing An Inflection (Rating Upgrade)
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.
Neutral
PRNewsWire
3 weeks ago
Extra Space Storage Inc. Announces 2nd Quarter 2025 Dividend
SALT LAKE CITY , May 22, 2025 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a second quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on June 30, 2025, to stockholders of record at the close of business on June 16, 2025.
Neutral
PRNewsWire
3 weeks ago
Extra Space Storage Announces Executive Leadership Transition
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.
Positive
Seeking Alpha
1 month ago
3 Great REITs For Buy-And-Hold Investors
Some REITs are truly exceptional. They consistently outperform the market. I highlight three such exceptional REITs to buy and hold "forever".
Positive
Seeking Alpha
1 month ago
Scale Has Its Advantages: 3 A-Rated REIT Monopolies
Scale is a critical competitive advantage for companies, enabling them to expand, attract capital, and achieve strong market positions, as seen with Realty Income, Prologis, and Public Storage. Realty Income leverages its scale and diversification to maintain high occupancy rates and strong financial performance, boasting a fortress balance sheet and impressive dividend growth. Prologis excels with its vast warehouse portfolio, robust development pipeline, and strategic expansion into data centers, supported by a strong balance sheet and high earnings growth.
Positive
Seeking Alpha
1 month ago
Recession? Buy These 2 Dividend Growers While They Are Cheap
Despite recession fears and shaky GDP, I'm not panicking. Strong earnings and resilient fundamentals still offer plenty of opportunities for long-term investors. In times of trade turmoil and rising uncertainty, I stick with reliable dividend growers, especially those that shine even when the headlines get ugly. In the second half, I highlight two of my favorite dividend stocks, both thriving despite economic noise, and delivering solid results and strong long-term potential.
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