Extra Space Storage/$EXR

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About Extra Space Storage

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.
Ticker
$EXR
Sector
Real Estate
Primary listing
NYSE
Employees
8,393
Headquarters
Salt Lake City, United States
Website
www.extraspace.com

EXR Metrics

BasicAdvanced
$29B
30.39
$4.52
1.19
$6.48
4.71%

What the Analysts think about EXR

Analyst ratings (Buy, Hold, Sell) for Extra Space Storage stock.
Analyst projections of the future price of Extra Space Storage stock.

Bulls say / Bears say

Q2 showed improving operating momentum: same-store revenue rose 2.4%, same-store NOI increased 3.5% and Core FFO per share grew 4.9%. Extra Space responded by raising its 2026 Core FFO guidance to $8.25-$8.40 per share. (Extra Space Storage)
The management and ancillary businesses provide growth that does not require full ownership of every facility. Extra Space added 48 stores net to its third-party management platform in Q2, reached 1,964 third-party managed stores and also originated $140.6 million of bridge loans. (Extra Space Storage, Exa)
Extra Space still has room to grow through selective acquisitions and its financing pipeline. It bought 17 operating stores for $90.7 million in Q2, while management said its scale and relationships provide access to off-market deals and that roughly $2 billion remained available on its revolving lines. (Extra Space Storage, Exa)
Organic growth is still modest despite the Q2 improvement: management’s 2026 guidance is only 1%-2% for same-store revenue and 0.5%-2.5% for same-store NOI. That leaves limited room for error if the tougher second-half comparisons or weaker demand materialise. (Extra Space Storage, Exa)
Occupancy remains slightly below last year at 94.2%, versus 94.4% in June 2025, and local pockets of new supply can force the company to choose between lower rents and weaker occupancy. Because storage leases reprice frequently, a prolonged supply problem could quickly squeeze revenue and NOI. (Extra Space Storage, TractIQ)
The balance sheet carries meaningful interest-rate and refinancing exposure: at 30 June, term debt was about $12.25 billion, alongside revolver and commercial-paper borrowings, even though most debt was fixed-rate. Higher refinancing costs or weaker property cash flow could restrict acquisitions and put pressure on dividend cover. (StockTitan, Simply Wall St)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.

EXR Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

EXR Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

EXR News

AllArticlesVideos

Extra Space Storage Q2 Earnings Call Highlights

MarketBeat2 months ago

Funds containing EXR

AllEURGBPUSD
Funds
Fund name
Fund size
$EXR weighting
VanEck Global Real Estate€TRET
€255M2.19%
VanEck Global Real Estate£TREG
£222M2.19%
iShares Developed Markets Property Yield$IDWP
$1.2B1.71%
iShares Developed Markets Property Yield£IWDP
£859M1.71%
iShares S&P 500 Equal Weight€O4J0
€4.3B0.20%
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