Barclays Lifts Extra Space Storage (EXR) Target as Self-Storage REIT Models Are Updated

Core Insights - Extra Space Storage Inc. (NYSE:EXR) is recognized as one of the 15 Best Stocks to Buy Now for Passive Income [1] - Barclays has raised its price target for Extra Space Storage to $170 from $164, maintaining an Overweight rating [2] Financial Performance - In Q4 2025, Extra Space reported a 2.5% growth in core FFO and a 1.1% growth for the full year, indicating modest growth despite challenging operating conditions [3] - Same-store revenue increased by 0.4% in Q4, marking a return to positive territory [4] Capital Allocation and Growth Strategy - The company repurchased approximately $141 million of its common shares and acquired 27 operating storage properties for about $305 million during the period [4] - Extra Space's diversified external growth platform is seen as a competitive advantage in pursuing growth opportunities within the industry [5] Company Overview - Extra Space Storage is a self-administered and self-managed real estate investment trust that engages in owning, operating, managing, and developing self-storage properties [6]