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Extra Space Storage

EXR

Market cap $30.3B

143.41 USD

+0.22

0.15%

At close Updated Oct 23, 4:00 PM EDT

Pre-market

After hours

143.41

0.00

0%

1 day

0.15%

5 days

3.4%

1 month

7.15%

3 months

-1.38%

6 months

0.53%

Year to date

9.5%

1 year

-4.91%

5 years

-23.91%

10 years

90.98%

About: Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages more than 4,400 self-storage properties in 42 states, with over 340 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: 8,393

Real Estate Industrial REIT

News

Positive

Neutral

Negative

Sentiment 3-Months

Positive 33.3%

Neutral 62.5%

Negative 4.2%

Zacks Investment Research

APLE vs. EXR: Which Stock Is the Better Value Option?

Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Apple Hospitality REIT (APLE) or Extra Space Storage (EXR). But which of these two stocks is more attractive to value investors?

APLE vs. EXR: Which Stock Is the Better Value Option?

What To Watch This REIT Earnings Season

Rate Shock: REITs enter earnings season on their back foot amid a renewed surge in long-term rates, facing a materially different cost-of-capital and financing environment than just three months ago. The rate surge is again stressing highly leveraged borrowers, particularly across private markets. Public REITs are better positioned, but remain exposed through refinancing, tenant credit, and equity valuations. Higher rates have brought an important silver lining: years of expensive capital are finally curbing construction, with shrinking pipelines beginning to support occupancy, rents, and landlord pricing power.

What To Watch This REIT Earnings Season

AI Reality Check, Inflation Stress Test

U.S. equities stumbled as AI-bubble concerns overwhelmed otherwise resilient fundamentals, while September inflation ran hot but remained heavily energy-driven, complicating the Fed's path without clearly forcing an October hike. Treasuries rallied sharply despite hotter CPI and PPI, with the 2-Year reversing from 4.95% to 4.71% as dovish Fed signals and risk-off flows pushed October hike odds. Oil reemerged as the key macro pressure point, with WTI surging above $100 as Saudi and Hormuz risks intensified, threatening to reverse recent relief in gasoline and diesel prices.

AI Reality Check, Inflation Stress Test

24/7 Wall Street

Self Storage REITs Are Collecting Rent From Americans Who Cannot Let Go

Americans are paying monthly rent on stuff they refuse to give up, and three landlords have built billion-dollar businesses on that reluctance. Which one offers the safest income and which one is closest to the edge?

Self Storage REITs Are Collecting Rent From Americans Who Cannot Let Go

Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 3rd Quarter Results

SALT LAKE CITY, Oct. 2, 2026 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three and nine months ended September 30, 2026, on Tuesday, October 27, 2026, after the market closes. The Company will host a conference call at 1:00 p.m.

Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 3rd Quarter Results

Zacks Investment Research

Key Reasons to Add Extra Space Storage Stock to Your Portfolio Now

Extra Space Storage's scale, steady demand, diversified growth channels and financial flexibility support expansion despite softer housing activity.

Key Reasons to Add Extra Space Storage Stock to Your Portfolio Now

The Rate Shock That Didn't Break REITs

REITs are refusing to break despite another rate shock: the 10-Year Treasury reached 5%, yet REITs remain higher by roughly 7% in 2026 as the once-dominant rate correlation weakens further. Solid fundamentals are increasingly doing the heavy lifting, with healthy property-level cash flows, improving earnings visibility, strong dividend coverage, and better balance sheets helping REITs absorb the rate shock. Cooling supply increasingly reinforces fundamentals: excluding Data Centers, REIT development pipelines are roughly 40% below their 2022 peak and 2019 levels; Data Centers remain the exception at seven times 2019 levels.

The Rate Shock That Didn't Break REITs

The REIT Conundrum

REITs have evolved into a larger, more diversified, and better-capitalized asset class, now less sensitive to Treasury yields than in prior cycles. Modern REITs feature lower leverage (34.4% debt), predominantly fixed-rate, long-maturity debt, and strong liquidity, supporting resilience amid higher rates. Supply constraints and rising replacement costs create durable moats for select REIT sectors, especially those with HALO (Heavy Assets, Low Obsolescence) characteristics.

The REIT Conundrum

Extra Space Storage: A Great REIT At The Wrong Time

Extra Space Storage remains a Hold, with a balanced risk-reward despite solid operational performance and a recent guidance boost. EXR delivered 4.88% YoY core FFO per share growth and maintains strong same-store occupancy at 94.2%, supporting incremental rate increases. Management raised 2026 Core FFO guidance and acquisition targets, but macroeconomic headwinds and rising rates may limit upside.

Extra Space Storage: A Great REIT At The Wrong Time

Zacks Investment Research

What Makes Extra Space Storage (EXR) a New Buy Stock

Extra Space Storage (EXR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

What Makes Extra Space Storage (EXR) a New Buy Stock

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