Extra Space Storage
About: Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages almost 3,800 self-storage properties in 42 states, with over 285 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: 7,618
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
329% more call options, than puts
Call options by funds: $62.4M | Put options by funds: $14.6M
38% more funds holding in top 10
Funds holding in top 10: 8 [Q2] → 11 (+3) [Q3]
37% more first-time investments, than exits
New positions opened: 85 | Existing positions closed: 62
9% more capital invested
Capital invested by funds: $32.9B [Q2] → $36B (+$3.09B) [Q3]
2% more funds holding
Funds holding: 739 [Q2] → 752 (+13) [Q3]
5% less repeat investments, than reductions
Existing positions increased: 258 | Existing positions reduced: 271
4.83% less ownership
Funds ownership: 100.37% [Q2] → 95.55% (-4.83%) [Q3]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$167
11%
upside
Avg. target
$174
15%
upside
High target
$184
22%
upside
4 analyst ratings
1 positive
25%
3 neutral
75%
0 negative
0%
Barclays Brendan Lynch 44% 1-year accuracy 15 / 34 met price target | 22%upside $184 | Overweight Maintained | 13 Jan 2025 |
Scotiabank Nicholas Yulico 42% 1-year accuracy 15 / 36 met price target | 11%upside $167 | Sector Perform Upgraded | 10 Jan 2025 |
Truist Securities Ki Bin Kim 43% 1-year accuracy 13 / 30 met price target | 12%upside $168 | Hold Maintained | 5 Dec 2024 |
Wells Fargo Eric Luebchow 64% 1-year accuracy 27 / 42 met price target | 16%upside $175 | Equal-Weight Downgraded | 21 Oct 2024 |
Financial journalist opinion
Based on 11 articles about EXR published over the past 30 days
Positive
Seeking Alpha
6 hours ago
Extra Space Storage: Dividend Growth Story
Extra Space Storage Inc. is a REIT specializing in self-storage operations, including owning, managing, acquiring, and developing self-storage properties. The company also offers tenant insurance and manages properties for third-party owners, earning management fees. The investment thesis highlights Extra Space Storage's diversified revenue streams and robust business model in the self-storage sector.
Positive
Seeking Alpha
2 days ago
Hidden Gems: 2 Must-Buy REITs Right Now
Some of the best REIT investment opportunities are in Canada. Valuations are lower and so are interest rates. I present 2 hidden gems that we are buying.
Neutral
PRNewsWire
3 days ago
Extra Space Announces Pricing of $350 Million Add-On Offering of 5.500% Senior Notes due 2030
SALT LAKE CITY , Jan. 16, 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 $350 million aggregate principal amount of additional 5.500% senior notes due 2030 (the "Notes"). The Notes will be issued as additional notes under the indenture pursuant to which the operating partnership previously issued $450 million of 5.500% senior notes due 2030 (the "Initial Notes").
Neutral
Seeking Alpha
4 days ago
Extra Space Storage: Time To Store Some More Shares
Extra Space Storage has underperformed recently, but I believe it offers a reasonable risk/reward ratio and expects growth to resume by 2026 at the latest. The business model is recession-resistant, with increasing demand for self-storage and potential for market consolidation through acquisitions. Rising interest rates have impacted REITs, but Extra Space Storage's occupancy and customer satisfaction remain high, supporting long-term stability.
Positive
Zacks Investment Research
1 week ago
Is it Wise to Retain Extra Space Storage Stock in Your Portfolio?
High brand value, the self-storage industry's need-based nature and accretive buyouts are likely to aid EXR despite lower new customer rates and high unit supply.
Positive
Seeking Alpha
2 weeks ago
Top 3 REITs For 2025
Most REITs have surged due to interest rate cuts. But many REITs missed out on this rally and remain undervalued. I present 3 of my Top Picks for 2025.
Positive
Seeking Alpha
2 weeks ago
Ready, Set, REIT: Why 2025 Could Be A Breakout Year
The commercial real estate sector, valued at $26 trillion, offers diverse opportunities despite low growth and commoditized assets, with REITs providing accessible and liquid investment options. Rising interest rates have pressured REIT performance, yet current valuations present attractive opportunities, especially in sectors like data centers, telecommunications, and warehousing. Despite a challenging 2024, REITs remain financially robust with low leverage and strong access to capital, positioning them well for a potential rebound.
Positive
Seeking Alpha
2 weeks ago
Dividends Matter - 3 Of My Favorite Stocks In An Overpriced Market
The market's lofty valuations make finding value tricky, but dividend stocks remain a beacon of stability and growth for long-term investors. I've identified three standout dividend stocks offering solid fundamentals, attractive yields, and resilience in today's overpriced market. These picks balance income and growth, making them ideal for navigating challenging conditions while building wealth over time.
Positive
The Motley Fool
3 weeks ago
3 Magnificent S&P 500 Dividend Stocks Down 20% to Buy and Hold Forever
The S&P 500 has rallied about 25% over the past year. It has risen thanks to a strong economy and moderating inflation, with the latter factor enabling the Federal Reserve to start reducing interest rates.
Negative
Seeking Alpha
3 weeks ago
3 REITs To Sell Before 2025
REITs have strongly recovered. As a result, some have become overvalued. I highlight 3 REITs to sell before 2025.
Charts implemented using Lightweight Charts™