ALTSTATION.IO

Extra Space Storage Inc. (EXR) Stock Analysis

By Nova Skye | AltStation.io | Updated October 15, 2026

Price
$133.94
Change
+0.15%
Market Cap
$29.56B
Avg Volume
1.3M

Company Overview

Extra Space Storage Inc. rents secure self-storage space to individual consumers and commercial clients across the United States. Headquartered in Salt Lake City, Utah, and incorporated in Maryland in 1977, the company operates within the real estate sector as an industrial REIT. Its core offerings range from standard personal storage units to dedicated parking spaces for boats and RVs, alongside commercial storage solutions for business inventory. It manages its entire property portfolio in-house and holds a position in the S&P 500.

Extra Space is the undisputed market leader as the largest self-storage operator in the country. That massive physical footprint gives it a severe scale advantage over smaller local operators who cannot compete with nationwide marketing and unified brand recognition. The portfolio covers 42 states and Washington, D.C., totaling 4,410 properties and approximately 341.0 million square feet of rentable space. At this sheer size, the main challenge is managing such an enormous national footprint while maintaining pricing power across diverse regional markets.

As of June 30, 2026, the company commands an operational base of approximately 3.0 million storage units running under the unified Extra Space brand. Reaching 4,410 stores cements its dominance and shows a mature platform focused on maximizing utilization across established facilities. By running a fully self-administered model across hundreds of millions of square feet, Extra Space remains a heavy-hitting cash generator backed by broad geographic diversification.

Key Financials
Market Cap
$29.56B
Revenue
$3.51B
EBITDA
$2.31B
Gross Margin
74.9%
Profit Margin
27.3%
Revenue Growth
3.8%
Total Cash
$696.60M
Total Debt
$14.41B
Free Cash Flow
$1.50B


52-Week Price Performance Analysis

Price Statistics
P/E Ratio
29.57
Forward P/E
27.74
Beta
1.17
52-Week High
$158.88
52-Week Low
$125.71
EPS
$4.53
50-Day Avg
$140.02
200-Day Avg
$141.85
Price/Book
2.13
EXR 52-Week Stock Chart
Technical Analysis
EXR trades at $133.94, 38% of the way from its technical 52-week low of $120.04 to its technical 52-week high of $157.03. The stock is 14.62% below that high and 11.70% above the low. Price is 0.11% above its 20-day moving average of $133.94, leaving the short-term trend effectively flat. Momentum improved 1.81% over the last five trading days, but the 20-day reading remains negative at -1.72%. Near-term support is $131.51, while resistance sits at $139.34.


Recent News and Developments

No notable company-specific news this week

Searches found no material EXR-specific analyst action, earnings release, product launch, or regulatory development published from October 8 through October 15, 2026. Routine price data and a company podcast were the only fresh references, which is not enough for a credible three-item news list.

Latest Developments

Check back for the latest news and updates.

Latest Developments

Check back for the latest news and updates.



Market Sentiment and Analyst Recommendations

Bull Case
Revenue is $3.51 billion and still growing at 3.8%. The analyst consensus is buy across 20 analysts. Their average target of $157.55 represents $23.61 of potential upside from the current $133.94 price. The published target range runs from $140.00 to $178.00, with even the low target above the current price. EXR also sits 14.62% below its technical 52-week high, giving buyers room for recovery without requiring a new high. The bull case is straightforward: positive revenue growth, broad analyst support, and meaningful upside to the consensus target.
Bear Case
EXR trades at 29.57 times earnings, which demands solid operating performance. Total debt is $14.41 billion, compared with only $696.60 million in cash. That debt load is the clearest financial risk in the supplied data. Revenue growth of 3.8% is positive, but modest relative to the valuation. The stock has lost 1.72% over the last 20 trading days and remains 14.62% below its technical 52-week high. The analyst target range is also wide at $140.00 to $178.00, showing substantial disagreement about fair value. Investors are paying a high earnings multiple for limited growth and a heavily indebted balance sheet.
What to Watch
The first technical test is whether EXR can hold near-term support at $131.51. A break above $139.34 would clear the 30-day high and strengthen the short-term trend. Investors should also watch whether five-day momentum of 1.81% develops into a positive 20-day reading, which is currently -1.72%. Revenue growth needs to improve from 3.8% to make the 29.57 P/E easier to justify. Debt of $14.41 billion and cash of $696.60 million should be tracked closely in the next financial update. No material company-specific analyst action, earnings release, product launch, or regulatory development was found from October 8 through October 15, 2026. Over the next quarter, the thesis improves if revenue growth strengthens and price clears $139.34; it weakens if growth slows or price falls through $131.51.
Analyst Consensus
BUY

Based on 20 analyst opinions
Low Target
$140.00
Mean Target
$157.55
High Target
$178.00


Earnings and Financial Data

Sector
Real Estate
Industry
REIT – Industrial
Employees
8,393
Earnings & Dividends
Next Earnings
Oct 27, 2026
EPS (Trailing)
$4.53
Dividend Yield
485.0%
Payout Ratio
143.1%

Frequently Asked Questions

Is EXR a good stock to buy?
The consensus recommendation is buy based on 20 analysts, and the $157.55 average target is above the current $133.94 price. The takeaway is that analysts see upside, but the 29.57 P/E and $14.41 billion debt load raise the risk.
What is EXR’s price target?
The average analyst target is $157.55, with estimates ranging from $140.00 to $178.00. The takeaway is that every listed target is above the current $133.94 price.
What are EXR’s support and resistance levels?
Near-term support is the 30-day low of $131.51, while near-term resistance is the 30-day high of $139.34. The takeaway is that these are the key thresholds for the next directional move.
How is EXR stock performing?
EXR gained 1.81% over the last five trading days but declined 1.72% over the last 20 trading days. The takeaway is that momentum has improved recently, but the broader short-term trend remains weak.
Does EXR pay a dividend?
The supplied data does not include a dividend amount or yield. The takeaway is that no dividend conclusion can be made from the available figures.

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Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated October 15, 2026.