
EXR Stock Forecast & Price Target
EXR Analyst Ratings
Bulls say
Extra Space Storage has demonstrated robust near-term growth trends driven by increasing occupancy rates, strong rent growth, and scheduled rate increases for existing customers, suggesting a potential for revenue surprises. The company's strategy to layer in more fixed-rate debt indicates a focus on financial stability, while management believes that the dynamics of Effective Customer Revenue Increases (ECRIs) allow for improved sustainability in net operating income (NOI). Furthermore, the anticipated upside from Extra Space Storage's mezzanine/debt investment platform positions the company well for continued financial strength and resilience in the self-storage market.
Bears say
The financial outlook for Extra Space Storage is under pressure, with normalized FFO estimates for 2026 revised down to $8.32 per share, reflecting a decrease of 1.2% from previous projections and falling slightly below consensus expectations. There is a noted slowdown in self-storage fundamentals indicated by pricing surveys, suggesting that market conditions may be weakening, which poses risks to the company's performance. Additionally, expected rent moratoriums could introduce over 20 basis points of effective drag on revenue, further compounding the challenges faced by the REIT.
This aggregate rating is based on analysts' research of Extra Space Storage and is not a guaranteed prediction by Public.com or investment advice.
EXR Analyst Forecast & Price Prediction
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