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 7,312 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
38% more first-time investments, than exits
New positions opened: 102 | Existing positions closed: 74
17% more funds holding in top 10
Funds holding in top 10: 6 [Q4 2024] → 7 (+1) [Q1 2025]
12% more repeat investments, than reductions
Existing positions increased: 296 | Existing positions reduced: 265
2% more funds holding
Funds holding: 769 [Q4 2024] → 782 (+13) [Q1 2025]
2% less capital invested
Capital invested by funds: $30.5B [Q4 2024] → $29.9B (-$602M) [Q1 2025]
1.3% less ownership
Funds ownership: 96.19% [Q4 2024] → 94.89% (-1.3%) [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
18%
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 | 18%upside $178 | Overweight Maintained | 16 May 2025 |
B of A Securities Jeffrey Spector | 7%upside $161 | Neutral Maintained | 13 May 2025 |
Benchmark Mark Zgutowicz | 63%downside $55 | Buy Maintained | 13 May 2025 |
Financial journalist opinion
Based on 6 articles about EXR published over the past 30 days
Positive
Zacks Investment Research
1 week ago
EXR Rallies 15% in 3 Months: Time to Buy, Hold or Sell the Stock?
Extra Space Storage Inc. EXR, the largest self-storage REIT in the United States, has seen its share price climb 15.5% over the past three months, outperforming its industry's rise of 10.3%. Its peers like Public Storage PSA have gained 7.5%, while National Storage Affiliates Trust NSA has declined 2.9% over the same time frame.
Positive
Seeking Alpha
1 week ago
Put REITs In Retirement (Part 3)
REITs offer retirees reliable income, inflation protection, and diversification, making them ideal for retirement portfolios with 10%-30% allocation based on risk tolerance. Equity LifeStyle Properties excels with strong fundamentals, conservative debt, and consistent dividend growth, targeting the aging population and affordable housing shortage. Extra Space Storage stands out for its scale, technology edge, disciplined financials, and attractive valuation, poised for growth as supply moderates.
Positive
Seeking Alpha
1 week ago
This Changes Everything: One Of The Most Important Shifts For Dividend Investors
Inflation isn't just back, it's becoming policy. From skewed CPI data to deficit-driven dollar moves, we're entering a new and lasting macro era. The U.S. may now prefer higher inflation to fix its balance sheet and boost growth. That changes everything, including how we invest, where we invest, and why. I'm not overhauling my strategy. But I'm sharpening my focus on pricing power, hard assets, and income that's built for this new reality.
Positive
Seeking Alpha
2 weeks ago
Extra Space Storage: Extra Space To Run Up
I initiate coverage on Extra Space Storage with a buy and overweight rating due to its strong industry and sector positioning and impressive underlying valuation prospects. Despite recent underperformance, I believe the overall REIT space will be bought up by value and income investors looking for a place to invest capital during the Fed cutting cycle. EXR's low vacancy rates, ability to charge high rental rates, and diverse geographical exposure all add to the recession-proof perspective of the stock.
Neutral
PRNewsWire
2 weeks ago
Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 2nd Quarter 2025 Results
SALT LAKE CITY , June 24, 2025 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three and six months ended June 30, 2025, on Wednesday, July 30, 2025, after the market closes. The Company will host a conference call at 1:00 p.m.
Positive
Zacks Investment Research
3 weeks ago
Should You Retain Extra Space Storage Stock in Your Portfolio Now?
EXR eyes long-term growth with store expansion and a strong balance sheet but faces pricing pressure from rising supply.
Negative
Seeking Alpha
1 month 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
1 month 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
1 month 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
1 month 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.
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