With a market cap of $31.6 billion, Extra Space Storage Inc. (EXR) is a self-administered and self-managed REIT and a member of the S&P 500, making it the largest operator of self-storage properties in the United States. As of September 30, 2025, it owned and/or operated 4,238 stores across 43 states and Washington, D.C., offering approximately 2.9 million units and 326.9 million square feet of rentable space under the Extra Space brand. The Salt Lake City, Utah-based company is expected to release its f ...

Artificial intelligence is the greatest investment opportunity of our lifetime. The time to invest in groundbreaking AI is now, and this stock is a steal! AI is eating the world—and the machines behind it are ravenous. Each ChatGPT query, each model update, each robotic breakthrough consumes massive amounts of energy. In fact, AI is already pushing global power grids to the brink. Wall Street is pouring hundreds of billions into artificial intelligence—training smarter chatbots, automating industries, and b ...

Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Host Hotels (HST) and Extra Space Storage (EXR) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estim ...

Company Overview - Extra Space Storage (NYSE:EXR) is a significant player in the self-storage industry with a vast network of facilities across the United States, competing with major providers like Public Storage and CubeSmart [1] - The company has a market capitalization of approximately $28.42 billion, indicating its substantial presence in the industry [5] Recent Developments - On January 7, 2026, Scotiabank downgraded EXR to a "Sector Perform" rating from its previous "Outperform" grade, with the stock price at $133.88 at that time [1][6] - Despite the downgrade, EXR is currently rated as a "Buy" with a price target of $145, suggesting analysts still see growth potential [2][6] Financial Performance - EXR's stock price is currently $133.88, reflecting a decrease of 1.58, or -1.17%, with fluctuations between a low of $133.17 and a high of $136.53 during the trading day [4] - Over the past year, the stock has experienced a high of $162.77 and a low of $121.03, indicating volatility in its performance [4] Market Position and Opportunities - The company is well-positioned to capitalize on consolidation opportunities in the fragmented storage market, with supply growth expected to drop below 2% in 2026, which may stabilize occupancy rates [3][6] - Stabilization of occupancy rates could lead to rent growth, especially as challenges in the housing market begin to ease [3] Dividend and Financial Strength - EXR has a strong balance sheet and offers a 5% dividend yield, providing a solid foundation for investors and a steady income stream [2][6]

Company Performance - Shares of Extra Space Storage Inc. (EXR) have lost about 12% of their value over the past year [1] - The company is struggling in a weak public storage sector environment due to low housing turnover and fallout from excess supply [1] Industry Context - The public storage sector is currently facing challenges, impacting companies like Extra Space Storage Inc. [1]

Core Insights - Extra Space Storage Inc. has promoted Noah Springer to President, effective January 5, 2026, expanding his responsibilities to include the Company's operations function [1][2] Company Overview - Extra Space Storage Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT) and a member of the S&P 500 [4] - As of September 30, 2025, the Company owned and/or operated 4,238 self-storage properties, comprising approximately 2.9 million units and about 326.9 million square feet of rentable storage space [4] - The Company is the largest operator of self-storage properties in the United States, offering a wide selection of secure storage units, including boat, RV, and business storage [4] Leadership and Management - Noah Springer has been with Extra Space Storage since 2006, contributing significantly to the Company's strategy, growth, and culture [2] - He has held various roles in acquisitions, asset management, and third-party management, and has been a member of the senior management team since 2014 and the executive team since 2020 [2] - Under his leadership, the Company's third-party management platform, Management Plus, has become the largest in the storage sector, with over 1,800 locations [2] Upcoming Events - The Extra Space Storage team, including CEO Joe Margolis and Noah Springer, will present at the KeyBanc Capital Markets Self Storage Investor Forum in New York on January 8, 2026 [3]

Company Overview - Extra Space Storage Inc. (EXR) has a market cap of $27.5 billion and is a self-administered and self-managed REIT, part of the S&P 500, owning and/or operating 4,238 self-storage stores across 43 states and Washington, D.C., totaling approximately 2.9 million units and 326.9 million square feet of rentable space [1][2] Stock Performance - Shares of EXR have declined 21.7% from its 52-week high of $165.54, with a decrease of over 12% in the past three months, underperforming the Real Estate Select Sector SPDR Fund (XLRE), which dropped 2.8% during the same period [3] - Year-to-date, EXR stock is down 13.4%, lagging behind XLRE's marginal gain, and has dipped 20.8% over the past 52 weeks compared to XLRE's 6.5% decline [4] Financial Results - In Q3 2025, EXR reported core FFO of $2.08, which was better than expected, but shares fell 4.9% the next day due to missed revenue expectations of $858.5 million and a 14.3% year-over-year drop in net income to $0.78 per diluted share, impacted by a $105.1 million loss related to assets held for sale and sold [5] Analyst Sentiment - Despite the stock's weak performance, analysts maintain a moderately optimistic outlook, with a consensus rating of "Moderate Buy" from 22 analysts and a mean price target of $153.79, representing an 18.7% premium to current levels [6]

Core Insights - Extra Space Storage (NYSE:EXR) is a leading company in the self-storage industry, providing storage solutions across the United States [1] - Mizuho Securities has set a price target of $137 for EXR, indicating a potential upside of approximately 4.51% from its current trading price of $131.09 [1][5] Financial Performance - EXR's stock has declined by approximately 1.1% since its last earnings report, underperforming the S&P 500 [2][5] - The company's core Funds From Operations (FFO) per share was reported at $2.08, slightly above the Zacks Consensus Estimate of $2.06, marking a 0.48% increase from the previous year [2][3][5] - Quarterly revenues for EXR amounted to $858.5 million, which fell short of the Zacks Consensus Estimate, raising concerns about the company's growth trajectory [3] Market Activity - As of the latest trading session, EXR's stock is priced at $131.09, experiencing a decrease of $1.15, or approximately -0.87% [4] - The stock has seen fluctuations during the day, with a low of $130.92 and a high of $132.67 [4] - Over the past year, EXR's stock has reached a high of $165.54 and a low of $121.03, with a market capitalization of approximately $27.8 billion [4]

Core Insights - Extra Space Storage (EXR) is strategically positioned for growth due to its strong brand value, strategic acquisitions, significant presence in key markets, and a healthy balance sheet [1][3][5] - The company is facing challenges from lower new customer rates and increased competition due to a development boom in self-storage units, which is impacting pricing power [1][8] Financial Performance - For Q3 2025, EXR reported core funds from operations (FFO) per share of $2.08, exceeding the Zacks Consensus Estimate of $2.06, marking a 0.48% increase year-over-year [2] - The company anticipates a 3.6% year-over-year rise in total revenues for 2025 [3] Growth Strategies - EXR has expanded its branded store count from 1,029 in 2013 to 4,238 as of September 30, 2025, across 43 states and Washington, D.C., indicating a strong growth trajectory [3][9] - The company is focused on growth through acquisitions, joint ventures, and investments in the storage sector, including preferred equity investments and bridge loans [4][9] Balance Sheet Strength - As of September 30, 2025, EXR's net debt to EBITDA ratio was 5.2X, with 84.9% of its asset value being unencumbered, showcasing a solid balance sheet [5] - The total debt stood at approximately $13.16 billion, with interest expenses for Q3 2025 increasing by 4.8% year-over-year to $149.7 million [10] Market Dynamics - The self-storage industry is characterized by fragmented ownership, with the top six companies operating about 40% of U.S. stores by square footage, presenting opportunities for consolidation [6] - EXR's competitive position is bolstered by its scale, balance sheet strength, and technological advantages, allowing it to pursue acquisition opportunities effectively [6] Dividend Policy - EXR has increased its dividend six times over the past five years, with a five-year annualized dividend growth rate of 10.02%, indicating a commitment to enhancing shareholder value [7]

Core Points - Extra Space Storage Inc. declared a fourth quarter 2025 dividend of $1.62 per share, payable on December 31, 2025, to stockholders of record as of December 15, 2025 [1] Company Overview - Extra Space Storage Inc. is headquartered in Salt Lake City and operates as a fully integrated, self-administered, and self-managed real estate investment trust, being a member of the S&P 500 [1] - As of September 30, 2025, the company owned and/or operated 4,238 self-storage properties, comprising approximately 2.9 million units and about 326.9 million square feet of rentable storage space [1] - The company is the largest operator of self-storage properties in the United States, offering a wide selection of conveniently located and secure storage units, including boat storage, RV storage, and business storage [1]