
EXR Stock Forecast & Price Target
EXR Analyst Ratings
Bulls say
Extra Space Storage has demonstrated strong growth, with an average move-in rate increase of 6% year-over-year, suggesting robust demand for self-storage facilities. The company's sustained emphasis on elevated marketing investments is anticipated to drive revenue acceleration through 2026, bolstered by a strong underlying portfolio and the largest third-party management business in the sector. Furthermore, management's outlook points to improving fundamentals and the potential for upside surprises in near-term growth due to favorable occupancy trends, increased rent growth, and customer rate adjustments.
Bears say
The financial outlook for Extra Space Storage reflects a cautious stance, with normalized FFO estimates for 2026 being revised downwards to $8.32 per share from $8.42, falling slightly below consensus expectations. Occupancy rates have seen a decline to 92.5%, down 40 basis points year-over-year, indicating potential challenges in maintaining rental income amidst increasing supply in key markets. Additionally, the company anticipates a sluggish revenue growth range of -0.5% to 1.5%, coupled with expense growth of 2.0% to 3.5%, contributing to a more pessimistic view on future profitability.
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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