Extra Space Storage

EXR

Market cap $30.3B

Overview Fund Activity

142.69 USD

-0.49

0.34%

At close Updated Sep 18, 4:00 PM EDT

Pre-market

After hours

142.69

0.00

0%

1 day

-0.34%

5 days

-3.79%

1 month

4.26%

3 months

-2.57%

6 months

-3.54%

Year to date

-3.45%

1 year

-21.45%

5 years

30.53%

10 years

89.04%

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

Real Estate Industrial REIT

0

Funds holding %

of 7,463 funds

0

Analysts bullish %

of 9 analysts

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

43% more funds holding in top 10

Funds holding in top 10: 7 [Q1] → 10 (+3) [Q2]

21% more first-time investments, than exits

New positions opened: 91 | Existing positions closed: 75

1.98% more ownership

Funds ownership: 95.09% [Q1] → 97.07% (+1.98%) [Q2]

5% more repeat investments, than reductions

Existing positions increased: 298 | Existing positions reduced: 283

2% more capital invested

Capital invested by funds: $29.9B [Q1] → $30.4B (+$452M) [Q2]

0% more funds holding

Funds holding: 790 [Q1] → 792 (+2) [Q2]

17% less call options, than puts

Call options by funds: $14.6M | Put options by funds: $17.5M

See Fund Rankings

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$146

2% upside

Avg. target

$155

8% upside

High target

$169

18% upside

9 analyst ratings

4 positive

44%

5 neutral

56%

0 negative

0%

UBS Michael Goldsmith	$160	Buy Maintained	16 Sep 2025
Evercore ISI Group Steve Sakwa	$147	In-Line Maintained	15 Sep 2025
Scotiabank Nicholas Yulico	$162	Sector Outperform Maintained	28 Aug 2025
Wells Fargo Eric Luebchow	$160	Overweight Upgraded	26 Aug 2025
Citigroup Smedes Rose	$150	Neutral Maintained	22 Aug 2025
Goldman Sachs Caitlin Burrows	$146	Neutral Downgraded	21 Aug 2025
Truist Securities Ki Bin Kim	$150	Hold Maintained	19 Aug 2025
Barclays Brendan Lynch	$169	Overweight Maintained	8 Aug 2025
RBC Capital Brad Heffern	$148	Sector Perform Maintained	4 Aug 2025

See Analyst Rankings

Financial journalist opinion

Based on 5 articles about EXR published over the past 30 days

How consumers are impacted by rate cuts, how to play the REITS sector

Asking for a Trend anchor, Josh Lipton breaks down the latest trends in investing for September 18, 2025. Concurrent Wealth Management founder and wealth adviser Preston Cherry discusses the impact of rate cuts on the consumer.

How consumers are impacted by rate cuts, how to play the REITS sector

The Rate-Cut REIT Revival

Three years of persistent rate-driven pressure on the residential and commercial real estate market appears to finally be abating - and not a moment too soon. REITs were hit by a "triple whammy" of rate-related headwinds: higher borrowing costs directly squeezed profitability, eroded the relative appeal of REIT dividends, and made it near-impossible to grow accretively. Since the Fed's initial rate hike in March 2022, REITs have lagged the S&P 500 by a whopping 55 percentage points, nearly 3x the magnitude of underperformance seen in the GFC.

The Rate-Cut REIT Revival

Extra Space Storage: A Growth Story Supported By Macro Demand For Space

Extra Space Storage (EXR) gets a buy rating for my initial coverage. Upside can be driven by recent portfolio growth/expansion, strong occupancy levels, and macro demand for self storage, along with #2 market share in US. FFO growth has either grown or been stable, as well as positive cashflow trends and dividend growth.

Extra Space Storage: A Growth Story Supported By Macro Demand For Space

Powell Pivot Sparks REIT Rebound

U.S. equity markets notched another series of record highs this week, surging into the weekend after surprisingly dovish commentary from Federal Reserve Chair Powell, who hinted at imminent rate cuts. Powell used his final Jackson Hole speech as Fed Chair to deliver a clear policy pivot, an unexpected reversal after months of insistence that tariff-related inflation warranted a hawkish framework. Markets were equally relieved by the policy-focused nature of Powell's speech amid speculation that the address may be used instead as a potential defiant sermon on central bank independence.

Powell Pivot Sparks REIT Rebound

Extra Space Storage Inc. Announces 3rd Quarter 2025 Dividend

SALT LAKE CITY , Aug. 21, 2025 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today that the Company's board of directors has declared a third quarter 2025 dividend of $1.62 per share on the common stock of the Company. The dividend is payable on September 30, 2025, to stockholders of record at the close of business on September 15, 2025.

Extra Space Storage Inc. Announces 3rd Quarter 2025 Dividend

If I Had $50,000 Today - 3 Elite Dividend Stocks I'd Buy Without Hesitation

This year, I aggressively invested during market swings and real estate deals. Now, I'm rebuilding cash. But if I had $50K, I'd deploy it strategically. I follow top investors like Nygren: buy undervalued stocks with strong growth, quality management, and shareholder-friendly policies. Timing matters less than patience. My three picks fit a high-conviction, long-term framework: sectors first, then companies. Volatility creates opportunity, but discipline ensures success.

If I Had $50,000 Today - 3 Elite Dividend Stocks I'd Buy Without Hesitation

Extra Space Storage: Waiting On A Self Storage Turnaround

Extra Space Storage faces headwinds from rising expenses, slowing rent growth, and macroeconomic uncertainty, leading to recent share price declines and muted acquisitions. Despite near-term volatility, EXR's strong brand and fee-based management model position it well for long-term industry resilience and market recovery. Dividend growth has stalled, but the current 5% yield offers patient investors attractive income while waiting for a turnaround.

Extra Space Storage: Waiting On A Self Storage Turnaround

Disinflation Dividend: REIT Earnings Scorecard

A surprising solid REIT earnings season wrapped up this week. Of the 100 equity REITs that provide full-year FFO guidance, 62% raised their outlook - above the historical 55% average. Disinflation was a surprisingly common thread across second-quarter results, with the majority of the upside revisions being driven by improved expense expectations - the highest quantity of expense reductions ever. Healthcare REITs were notable upside standouts as senior housing fundamentals remained stellar, while skilled nursing REITs received some good news on the policy front via healthy CMS Medicare rate increases.

Disinflation Dividend: REIT Earnings Scorecard

Extra Space Announces Pricing of $800 Million of 4.950% Senior Notes due 2033

SALT LAKE CITY , Aug. 6, 2025 /PRNewswire/ -- Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP (the "operating partnership"), has priced a public offering of $800 million aggregate principal amount of 4.950% senior notes due 2033 (the "Notes"). The Notes were priced at 99.739% of the principal amount and will mature on January 15, 2033.

Extra Space Announces Pricing of $800 Million of 4.950% Senior Notes due 2033

Behind The (Revised) Curve

U.S. equity markets fell sharply this week, while benchmark interest rates retreated to three-month lows, after revised employment data showed that job growth was far weaker than initially reported. The BLS payrolls report showed softer-than-expected hiring in July and the steepest two-month downward revisions to jobs growth since 2020, raising concern that the Fed may be "behind the curve." The downward revisions came days after Fed Chair Powell used it as the primary evidence for "solid" labor markets, which justified the FOMC's decision to keep rates in "restrictive" territory.

Behind The (Revised) Curve

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