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 7,433 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]
23% more first-time investments, than exits
New positions opened: 91 | Existing positions closed: 74
1.92% more ownership
Funds ownership: 95.09% [Q1] → 97.01% (+1.92%) [Q2]
5% more repeat investments, than reductions
Existing positions increased: 296 | Existing positions reduced: 282
1% more capital invested
Capital invested by funds: $29.9B [Q1] → $30.4B (+$433M) [Q2]
0% less funds holding
Funds holding: 788 [Q1] → 786 (-2) [Q2]
25% less call options, than puts
Call options by funds: $11.5M | Put options by funds: $15.2M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$146
4%
upside
Avg. target
$154
9%
upside
High target
$169
20%
upside
9 analyst ratings
3 positive
33%
6 neutral
67%
0 negative
0%
Wells Fargo Eric Luebchow | 14%upside $160 | Overweight Upgraded | 26 Aug 2025 |
Citigroup Smedes Rose | 7%upside $150 | Neutral Maintained | 22 Aug 2025 |
Goldman Sachs Caitlin Burrows | 4%upside $146 | Neutral Downgraded | 21 Aug 2025 |
Truist Securities Ki Bin Kim | 7%upside $150 | Hold Maintained | 19 Aug 2025 |
Barclays Brendan Lynch | 20%upside $169 | Overweight Maintained | 8 Aug 2025 |
Financial journalist opinion
Based on 13 articles about EXR published over the past 30 days
Positive
Seeking Alpha
2 days ago
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.
Neutral
PRNewsWire
4 days ago
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.
Positive
Seeking Alpha
1 week ago
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.
Positive
Seeking Alpha
1 week ago
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.
Positive
Seeking Alpha
2 weeks ago
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.
Neutral
PRNewsWire
2 weeks ago
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.
Negative
Seeking Alpha
3 weeks ago
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.
Neutral
Seeking Alpha
3 weeks ago
Extra Space Storage Inc. (EXR) Q2 2025 Earnings Call Transcript
Extra Space Storage Inc. (NYSE:EXR ) Q2 2025 Earnings Conference Call July 31, 2025 1:00 PM ET Company Participants Jared Conley - Corporate Participant Jeffrey Norman - Corporate Participant Joseph Daniel Margolis - CEO & Director Conference Call Participants Alex Murphy - Unidentified Company Truist Securities - Unidentified Company B - Barclays Bank PLC, Research Division r - Unidentified Company e - Unidentified Company n - Unidentified Company d - Unidentified Company a - Unidentified Company n - Unidentified Company J - Unidentified Company a - Unidentified Company m - Unidentified Company e - Unidentified Company s - Unidentified Company L - Unidentified Company y - Unidentified Company n - Unidentified Company c - Unidentified Company h - Unidentified Company Eric Thomas Luebchow - Unidentified Company l - Unidentified Company l - Unidentified Company r - Unidentified Company s - Unidentified Company F - Unidentified Company a - Unidentified Company e - Unidentified Company g - Unidentified Company o - Unidentified Company e - Unidentified Company c - Unidentified Company u - Unidentified Company r - Unidentified Company i - Unidentified Company t - Unidentified Company i - Unidentified Company W - Unidentified Company s - Unidentified Company L - Unidentified Company e - Unidentified Company L - Unidentified Company R - Unidentified Company e - Unidentified Company s - Unidentified Company e - Unidentified Company a - Unidentified Company r - Unidentified Company c - Unidentified Company h - Unidentified Company r - Unidentified Company i - Unidentified Company c - Unidentified
Negative
Zacks Investment Research
3 weeks ago
Extra Space Storage Q2 Core FFO Lags Estimates, Revenues Beat
EXR's Q2 FFO misses estimates as rising expenses offset revenue gains and occupancy growth.
Positive
Zacks Investment Research
3 weeks ago
Extra Space Storage (EXR) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for Extra Space Storage (EXR) give a sense of how its business performed in the quarter ended June 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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