DailyIQ
Last updatedUpdating…

EXR·Extra Space Storage Inc.

$132.96
-0.78 (-0.58%)
High
$133.74
Open
$133.29
Market Cap
28.25B
52W High
$158.88
Low
$132.71
P. Close
$132.96
P/E
29.49
52W Low
$125.71
Fwd P/E
27.70
DailyIQ Est.
$158.55
Inst. Ownership
52.2%
Short Interest
2.60%
Days to Cover
3.4
Div. Yield
4.84%
Next Ex-Div
~Dec 15
Technical Score (1D)
38
BEARISH
News Sentiment
53
MIXED
EXR is reading 38 on the 1D view with a SELL signal and weakening momentum. Neither bulls nor bears have established control, and price action is compressed - a backdrop where the better-performing strategy is patience rather than positioning. Sentiment at 53 is diverging from the indecisive technical read, which means no external catalyst is currently pushing the stock in a definitive direction. Markets in equilibrium tend to stay there until something forces a resolution - usually a catalyst, a macro event, or simply one side of the trade becoming exhausted. Track $139.09 and $128.39 as the two levels that define the current range. The nature of the break - both its velocity and whether it sustains - will be more informative than the break itself. Range-bound conditions like this reward fading the extremes more than committing to a direction - selling strength near $139.09 and covering near $128.39, rather than betting on which way the eventual break goes. That approach stops working the moment volume expands on a close outside the range, which is the signal to abandon the range-trade and respect the new direction.
LOW TARGET
$140 +5.3%
2 analysts
MEAN TARGET
$158 +18.5%
17 analysts
HIGH TARGET
$178 +33.9%
7 analysts
PRICE RANGE
$140.00 - $178.00
SB / B / H / S / SS
2/10/12/1/1
DAILYIQ EST.
$158.55 (+19.2%)
Sector
Real Estate
Industry
REIT - Industrial
Exchange
NYQ
Country
United States
Symbol
EXR
Description
Extra Space Storage Inc. is a self-managed real estate investment trust (REIT) and a constituent of the S&P 500, specializing in self-storage solutions. The company's core business involves the ownership and operation of self-storage facilities across the United States, providing a convenient and secure service for customers. As of late September 2025, Extra Space Storage oversaw a vast network of over 4,200 properties spanning 43 states and the District of Columbia. These properties encompass nearly 3 million storage units, offering approximately 327 million square feet of rentable space under the Extra Space brand, and including specialized storage options for vehicles and businesses. Extra Space Storage Inc. holds the position as the leading operator in the self-storage sector within the U.S. market.
Bought (1Y)
0 shares
$0
Sold (1Y)
4,337 shares
$648K
Margolis Joseph DChief Executive Officer
Gift13,503 shares2026-08-04
Norman Jeffrey JayExecutive VP and CFO
Tax Withholding735 shares2026-07-01
Springer William NPresident
Tax Withholding138 shares2026-07-01
Dickens Zachary TEVP, Chief Investment Officer
Tax Withholding164 shares2026-07-01
McNeal Gwyn GoodsonEVP/Chief Legal Officer
Sell3,300 shares2026-06-11
78/ 100
Bullish
Overall: Bullish
✓Revenue growing year over year
✓Positive net margin
✓Positive operating cash flow
Net Margin
752.3%
Revenue CAGR
-4.3%
Debt / Equity
0.04x
Return on Equity
7.3%
Earnings Summary
Extra Space Storage Inc. is a self‑managed real estate investment trust that owns and operates more than 4,200 self‑storage facilities across 43 states, making it the largest U.S. operator in its sector. The company’s business model focuses on generating stable rental income from a large portfolio of nearly 3 million units, with a mix of residential, commercial, and specialized vehicle storage. In the most recent quarters, revenue grew from $707.2 million in Q4 2024 to $735.6 million in Q3 2025, a 3.3% increase, while EPS fell sharply from $1.24 to $0.78, reflecting a significant earnings decline despite revenue momentum. The following quarter, Q4 2025, saw revenue jump to $857.5 million, a 16.4% year‑over‑year rise, and EPS rebounded to $2.08, well above the $1.18 estimate, indicating a strong earnings turnaround. Historically, the REIT has posted consistent revenue growth, with EPS fluctuating; it beat estimates in 3 of the last 4 quarters but experienced a notable miss in Q3 2025. Recent news highlights a 5% increase in Core FFO and a cash‑flow per share rise, underscoring operational strength and a resilient balance sheet.

EPS

EstBeatMiss
$0.57$1.02$1.46$1.91$2.36Q2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$1.19 - -
Q2'26$1.17$2.15+84.3%
Q1'26$1.13$2.04+81.0%
Q4'25$1.18$2.08+76.4%
Q3'25$1.19$0.78-34.2%
Q2'25$1.18$1.18-0.2%

Revenue

EstBeatMiss
$698M$748M$798M$847M$897MQ2'25Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$827M - -
Q2'26$828M$874M+5.6%
Q1'26$805M$856M+6.3%
Q4'25$788M$857M+8.8%
Q3'25 - $736M -
Q2'25 - $721M -

Market Data

EXR Stock Snapshot

NEUTRAL38/100
$132.96−$0.78 (0.6%)
Market cap
28.25B
P/E ratio
29.5
Day range
$132.71 – $133.74
News sentiment
53/100 · Neutral
Analyst target
$157.55 (+18.5%)
Consensus
Hold · 26 analysts
52-week range+5.8% off low · -16.3% from high
$125.71$158.88
Price $132.96 DailyIQ Est. $158.55

The setup on Extra Space Storage Inc. is patient: consolidation, not accumulation or distribution. Institutional coverage is thorough here, so shifts in analyst expectations show up in price quickly.

Behaviour On Record

What EXR's own history says about today's numbers

Realized volatility (21d)
18.5% 34th pct
Below its peak
-41.0%
vs 200-day average
-5.7%
Up days (1y)
49%

Extra Space Storage Inc. is currently running 18.5% annualised volatility over the last 21 sessions. Measured against EXR's own 13 years of daily returns rather than a market-wide average, that is the 34th percentile — on the quiet side for this stock, against a typical reading of 21.0%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

EXR is trading -41.0% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -19.7%, and the deepest was -39.0% in 2023. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -5.7% from its 200-day moving average. Against every other day in its history, that gap ranks at the 23rd percentile — a narrower gap than it typically runs. Over the past year EXR closed higher on 49% of sessions, and it is currently 2 sessions into a falling streak.

On October specifically: over 13 years of records, EXR finished the month higher 7 of 13 times, with a median return of +2.2% and an average of +1.1%. Its strongest month historically has been May at +3.0% on average, its weakest September at -3.2%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: EXR has opened more than 2% away from the prior close in 66 of 3,267 sessions (2.0% of the time), with the largest gaps running +14.5% and -13.6%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 3 dated reports on file, EXR moved an average of 2.4% in the session after earnings, closing higher 2 of those 3 times, with a median move of +0.6% and a largest of +4.6%.

All figures computed from 3,268 daily closes between 2013-10-15 and 2026-10-13, split-adjusted, recomputed daily. Percentiles are against EXR's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of EXR's sector?

Extra Space Storage Inc. sits in the Real Estate sector, currently ranked 11th of 12 GICS sectors by relative-strength rotation score (improving).

Sector rank
#11 of 12
Sector state
Improving
Sector rotation score
45

Options Market

What is the options market pricing for EXR?

CallsPuts

For Extra Space Storage Inc.'s nearest expiry (2026-10-16, 2 days out), open interest is call-heavy, a bullish tilt (put/call ratio of 0.70), with at-the-money implied volatility around 3.1%. The options market is pricing roughly a ±0.2% move by that expiry — a range of about $133.43–$134.05.

Put/call ratio (2026-10-16)
0.70
ATM implied volatility
3.1%
Total open interest
3,542
Expected move by 2026-10-16
±0.2% ($133.43–$134.05)

Analyst Rating Changes

Are analysts turning bullish or bearish on EXR?

Truist Securities most recently upgraded Extra Space Storage Inc. to Buy on Oct 2, 2026 with a price target of $147 (from $148). Over the last 90 days, coverage has run 2 upgrades against 0 downgrades, a net bullish lean.

Latest action
Truist Securities — Buy
90-day upgrades
2
90-day downgrades
0
Net rating momentum
+2
DateFirmActionRatingPrice target
Oct 2, 2026Truist SecuritiesUpgradeHold → Buy$148 → $147
Sep 21, 2026Evercore ISI GroupMaintainedIn-Line$152 → $146
Sep 21, 2026JP MorganMaintainedNeutral$157 → $153
Sep 2, 2026MizuhoMaintainedOutperform$155 → $152
Sep 1, 2026Wells FargoMaintainedOverweight$158 → $157
Aug 27, 2026BMO CapitalUpgradeMarket Perform → Outperform$160 → $170
Aug 18, 2026ScotiabankMaintainedSector Perform$157 → $158
Jul 30, 2026RBC CapitalMaintainedSector Perform$153 → $157
Jul 24, 2026Wells FargoMaintainedOverweight$154 → $158
Jul 10, 2026UBSMaintainedBuy$158 → $163
Jul 10, 2026BarclaysMaintainedOverweight$170 → $172
Jul 6, 2026Evercore ISI GroupMaintainedIn-Line$151 → $149

Peers & ETF holders

EXR peers & ETF holders

News Sentiment Analysis

Sentiment gathered from recent headlines

53/100
Strong NegativeNeutralStrong Positive
MIXED

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Extra Space Storage Inc. (EXR) reported that its cash flow per share increased in the most recent quarter, contrasting with a 2.6% decline for Public Storage (PSA). The article highlighted that EXR’s rising cash flow, coupled with a strong balance sheet and low debt, positions it favorably against PSA’s weakening cash generation. Analysts noted that both REITs trade at similar multiples, but EXR’s improving fundamentals suggest a modest upside relative to PSA. The comparison underscores EXR’s resilience amid the post‑pandemic storage demand slowdown.
What did this article say?
Evercore ISI reduced its price target for Extra Space Storage (EXR) from $146 to $142 while maintaining an in‑line rating. The downgrade reflects a modest reassessment of the company’s valuation. The change signals a slight negative outlook for the stock, though the overall rating remains unchanged.
What did this article say?
Extra Space Storage reported that its average in‑place customer now stays about one and a half months longer than a year ago, driven by renters who run out of room rather than relocate. Management noted that customers who store due to space constraints tend to stay at least twice as long as those moving. The company’s all‑equity structure reduces loan‑related risk, while the longer occupancy period supports stable cash flow.
What did this article say?
Extra Space Storage announced an upgrade to its 2026 core FFO outlook after reporting robust second‑quarter operating trends. The company cited steady self‑storage demand, diversified growth channels, and a solid balance sheet with strong liquidity and fixed‑rate debt as key drivers. The revised guidance reflects confidence in same‑store revenue growth and a multi‑pronged growth model that includes acquisitions, joint ventures, bridge lending, and third‑party management. Investors view the update as a positive development for the REIT’s long‑term cash flow and dividend prospects.
What did this article say?
Extra Space Storage Inc. (NYSE: EXR) announced that it will release its third‑quarter and full‑year financial results for the period ended September 30, 2026, on October 27, 2026, after market close. A conference call to discuss the results will be held on October 28, 2026, at 1:00 p.m. Eastern Time, featuring CEO Joe Margolis, President Noah Springer, and CFO Jeff Norman. The call will include a review of operating performance, discussion of recent events, and a limited question‑and‑answer session for registered analysts. The webcast will be available on the company’s investor relations website, and telephone participants may join with a dial‑in number.
What did this article say?
Truist Securities analyst Linda Tsai upgraded Extra Space Storage (EXR) from Hold to Buy and reduced the price target from $148 to $147. The downgrade in target reflects a more conservative valuation outlook, despite the positive rating change. The move signals a shift in analyst sentiment toward a cautious but supportive view of EXR’s prospects.
What did this article say?
Extra Space Storage (EXR) reported robust second‑quarter results, with same‑store revenue up 2.4% and occupancy reaching 94.2%. The company highlighted continued expansion through acquisitions, joint ventures, bridge lending and third‑party management, diversifying its income streams. Management raised its full‑year outlook and the consensus FFO estimate for 2026 increased by three cents to $8.32 per share, reinforcing investor confidence amid a softer housing market.
What did this article say?
Extra Space Storage (EXR) has posted a 1.47% annualized outperformance relative to the market over the past two decades, translating to an average annual return of 10.51%. The company’s market capitalization remains robust, reflecting sustained investor confidence. This historical performance underscores EXR’s ability to generate consistent value for shareholders, though it does not signal any immediate material change in fundamentals or guidance.
What did this article say?
Evercore ISI has lowered its price target for Extra Space Storage (EXR) from $152 to $146 while maintaining an in‑line rating. The downgrade reflects a modest reassessment of the company’s growth prospects amid a competitive market for storage solutions.

Technical Analysis

Real-time indicators across multiple timeframes

38
NEUTRAL
Momentum rank against about 1,000 stocks and ETFs for this timeframe.
Unlock full technicals
Create a free account to access more indicators and deeper timeframe data.
Institutional & Hedge Fund Ownership
25 tracked managers · $15.36B combined position · 14 adding, 10 trimming, 1 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Vanguard Group Inc▲ Buy34,506,45016.34%$4.49B2026-01-29
BlackRock, Inc.▲ Buy22,947,44010.86%$3.33B2026-08-07
Norges Bank▼ Sell9,300,6784.40%$1.35B2026-08-12
Capital Research Global Investors▲ Buy6,300,1112.98%$915.41M2026-08-12
Geode Capital Management, LLC▲ Buy6,139,1832.91%$888.76M2026-08-12
FMR LLC (Fidelity)▲ Buy5,088,4872.41%$739.36M2026-08-13
Capital World Investors▼ Sell4,149,1301.96%$602.88M2026-08-12
Invesco Ltd.▼ Sell2,484,8051.18%$361.04M2026-08-14
Northern Trust Corp▼ Sell2,476,8081.17%$359.88M2026-08-13
Morgan Stanley▲ Buy1,900,9950.90%$276.22M2026-08-13
AllianceBernstein L.P.▼ Sell2,024,1480.96%$265.43M2026-08-14
Goldman Sachs Group Inc▼ Sell1,773,3250.84%$257.66M2026-08-14
JPMorgan Chase & Co▼ Sell1,596,7530.76%$236.73M2026-08-12
Prudential Financial Inc▲ Buy1,624,0850.77%$235.98M2026-08-12
Citadel Advisors LLC▲ Buy1,583,9030.75%$230.14M2026-09-02
Millennium Management LLC▲ Buy1,415,1000.67%$205.61M2026-08-14
Bank of America Corp▼ Sell708,5470.34%$102.95M2026-08-14
Point72 Asset Management, L.P.▲ Buy630,7270.30%$91.64M2026-08-14
Balyasny Asset Management L.P.▲ Buy595,5990.28%$86.54M2026-08-14
Marshall Wace, LLP▲ Buy522,9840.25%$75.99M2026-08-13
AQR Capital Management LLC▲ Buy486,3770.23%$70.64M2026-08-14
Citigroup Inc▼ Sell445,5950.21%$64.74M2026-08-03
Wells Fargo & Company▼ Sell289,4040.14%$42.05M2026-08-14
Apollo Management Holdings, L.P.• Hold286,5100.14%$41.63M2026-08-14
Neuberger Berman Group LLC▲ Buy223,0080.11%$32.40M2026-08-13
Q2 2026 flow:3.66M sh bought ($531.79M)4.34M sh sold ($630.34M)net -676.0K sh (−$98.56M)
Congressional Trading Activity
6 disclosed trades · ~$48.0K est. traded value · 3 buys, 3 sells
MemberChamberStateTypeAmountTradedFiled
Julia LetlowHouseLA05▲ Buy$1K - $15K2026-02-122026-03-12
Julia LetlowHouseLA05▼ Sell$1K - $15K2025-11-032026-01-13
Rob BresnahanHousePA08▼ Sell$1K - $15K2025-02-252025-03-27
Julia LetlowHouseLA05▲ Buy$1K - $15K2025-02-072026-01-13
Tommy TubervilleSenateAL▼ Sell$1K - $15K2024-04-032024-05-15
Tommy TubervilleSenateAL▲ Buy$1K - $15K2022-10-062022-11-10