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 7,419 funds
0
Analysts bullish %
of 5 analysts
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
32% more call options, than puts
Call options by funds: $22.6M | Put options by funds: $17M
32% more first-time investments, than exits
New positions opened: 98 | Existing positions closed: 74
1.49% more ownership
Funds ownership: 94.47% [Q3] → 95.97% (+1.49%) [Q4]
1% more funds holding
Funds holding: 755 [Q3] → 766 (+11) [Q4]
3% more repeat investments, than reductions
Existing positions increased: 272 | Existing positions reduced: 265
15% less capital invested
Capital invested by funds: $35.7B [Q3] → $30.4B (-$5.27B) [Q4]
45% less funds holding in top 10
Funds holding in top 10: 11 [Q3] → 6 (-5) [Q4]
Research analyst outlook
5 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$141
2%
upside
Avg. target
$160
16%
upside
High target
$181
31%
upside
5 analyst ratings
3 positive
60%
2 neutral
40%
0 negative
0%
Scotiabank Nicholas Yulico 33% 1-year accuracy 14 / 42 met price target | 8%upside $149 | Sector Outperform Upgraded | 9 Apr 2025 |
Mizuho Ravi Vaidya 100% 1-year accuracy 1 / 1 met price target | 2%upside $141 | Outperform Initiated | 9 Apr 2025 |
Barclays Brendan Lynch 34% 1-year accuracy 10 / 29 met price target | 31%upside $181 | Overweight Maintained | 12 Mar 2025 |
RBC Capital Brad Heffern 50% 1-year accuracy 18 / 36 met price target | 18%upside $163 | Sector Perform Maintained | 27 Feb 2025 |
Wells Fargo Eric Luebchow 33% 1-year accuracy 14 / 43 met price target | 19%upside $165 | Equal-Weight Maintained | 21 Feb 2025 |
Financial journalist opinion
Based on 6 articles about EXR published over the past 30 days
Negative
Seeking Alpha
1 day ago
Powell On The Hot Seat
US equity markets steadied this past week while bond markets rallied as investors parsed a surprisingly solid slate of economic data and a decent start to corporate earnings season. Early week gains were pared following comments from Fed Chair Powell regarding the inflationary impact of tariffs and the reluctance of the Fed to step in to support markets. The hawkish comments sparked a series of blistering critiques by President Trump, accusing the Fed Chair of "playing politics" and posting that his "termination cannot come fast enough."
Positive
Seeking Alpha
2 days ago
3 Never-Sell Dividend Gems I Expect To Easily Beat The Market
Market sentiment flipped fast, as tariffs, recession fears, and shaky data have investors rattled, but I think panic has gone way too far. Despite fear, I'm sticking to my strategy: buy great companies during uncertainty. History shows that's how long-term investors win. I'm revisiting three underappreciated dividend growers I own, built for resilience, loaded with pricing power, and poised to outperform.
Positive
Investopedia
1 week ago
REITs Could Be Poised To Outperform Market in an Uncertain Economic Climate, UBS Says
Real estate investment trusts (REITs) have outperformed the broader market and could maintain their edge in an uncertain economic environment, UBS analysts said Wednesday.
Neutral
PRNewsWire
3 weeks ago
Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 1st Quarter 2025 Results
SALT LAKE CITY , March 31, 2025 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three months ended March 31, 2025 on Tuesday, April 29, 2025 after the market closes. The Company will host a conference call at 1:00 p.m.
Negative
Seeking Alpha
3 weeks ago
Countdown To Tariff Day
Ahead of the April 2nd tariff unveiling, US equity markets were under renewed pressure this week on downbeat data showing a further dip in consumer confidence and hotter-than-expected PCE inflation. As a turbulent first quarter wraps up, the updated GDPNow - the Atlanta Fed's closely watched GDP tracking model - forecasts growth of -2.8% overall and -0.5% on a "gold-adjusted basis." Posting weekly declines for the seventh time in the past nine weeks, the S&P 500 finished lower by 1.5% - extending its drawdown to 9.3% from its record-highs.
Positive
Seeking Alpha
3 weeks ago
State Of REITs: The 'Dark Age' Is Over
While the S&P 500 and other major benchmarks entered "correction territory" this month for the first time since 2023, U.S. REITs have meaningfully outperformed the broader equity market since mid-January. The rebound follows a truly forgettable three-year period for REITs dating back to the start of the Fed's rate hiking cycle in which REITs have accumulated 40 percentage-points of underperformance. REITs remain as unloved as ever: The number of publicly listed REITs declined for a fourth-straight year in 2024. As an asset class, REITs are the single-largest "underweight" among institutional investors.
Positive
Seeking Alpha
1 month ago
Extra Space Storage: Balancing Company Strength And Industry Weakness
Extra Space Storage is a resilient REIT in the self-storage sector, showing long-term growth despite recent industry challenges and a stagnant dividend. The self-storage industry is experiencing consolidation, driven by institutional capital and private equity funds, making it an attractive investment due to its operational efficiency and resilience. EXR has expanded rapidly, doubling its store count since 2021, and maintains a strong balance sheet with investment-grade ratings, positioning it well for future growth.
Negative
Seeking Alpha
1 month ago
Losers Of REIT Earnings Season
In Part 3 of our Earnings Recap, we present a sector-by-sector breakdown of the Losers of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Commercial Mortgage REITs were the "biggest loser" of REIT earnings season after results showed ongoing problems in the office space and a significant deterioration in multifamily bridge loan performance. Results from Hotel REITs were also disappointing given the record-levels of travel demand, as margin pressures from higher labor costs have taken a sizable bite out of bottom-line profitability.
Neutral
PRNewsWire
1 month ago
Extra Space Announces Pricing of $500 Million of 5.400% Senior Notes due 2035
SALT LAKE CITY , March 10, 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 $500 million aggregate principal amount of 5.400% senior notes due 2035 (the "Notes"). The Notes were priced at 99.830% of the principal amount and will mature on June 15, 2035.
Positive
Zacks Investment Research
1 month ago
Extra Space Storage's Store Count Surpasses 4,000 Nationwide
EXR surpasses 4,000 stores, solidifying its dominance in self-storage with strategic growth and major acquisitions.
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