Extra Space Storage Inc.
Extra Space Storage, Inc. (ticker: EXR) is a US real estate investment trust (REIT) specialising in self-storage properties. With a market capitalisation of about $31.95 billion, it is among the largest publicly traded storage operators, owning and managing hundreds of facilities across many states. The company earns revenue from rental income and ancillary services such as insurance and supplies, and grows through rent optimisation, higher occupancy, acquisitions and selective development. Investors often focus on occupancy rates, rent per square foot, same-store revenue trends and the pipeline for acquisitions and new facilities. Strengths include scale, brand recognition and a technology-led approach to pricing and customer experience. Key risks are sensitivity to interest rates and borrowing costs, local supply-and-demand shifts, competition and execution risk on new investments. This note is for educational purposes only and not personalised advice; investors should consider suitability, diversification and consult an independent financial adviser before investing.
Why It's Moving
Extra Space Storage Bolsters Leadership with Noah Springer's Promotion Amid Investor Forum Spotlight
- Noah Springer's promotion consolidates operational control under a key architect of the sector's largest third-party management platform, potentially streamlining growth amid muted revenue trends.
- Senior team appearance at KeyBanc forum highlighted strategies to boost ancillary fees, offsetting challenges like property tax hikes and local supply headwinds.
- Analysts adjusted targets slightly higher, like Truist's lift to $146, viewing 2026 as a REIT recovery year with easing pressures.
Extra Space Storage Bolsters Leadership with Noah Springer's Promotion Amid Investor Forum Spotlight
- Noah Springer's promotion consolidates operational control under a key architect of the sector's largest third-party management platform, potentially streamlining growth amid muted revenue trends.
- Senior team appearance at KeyBanc forum highlighted strategies to boost ancillary fees, offsetting challenges like property tax hikes and local supply headwinds.
- Analysts adjusted targets slightly higher, like Truist's lift to $146, viewing 2026 as a REIT recovery year with easing pressures.
When is the next earnings date for Extra Space Storage Inc. (EXR)?
Extra Space Storage (EXR) is scheduled to release its next earnings on Thursday, February 19, 2026, after market close. This report will cover the Q4 and full-year 2025 results, ending December 31, 2025, followed by a conference call on February 20, 2026, at 1:00 p.m. ET. Investors should note this aligns with the company's confirmed announcement as of late 2025.
Stock Performance Snapshot
Analyst Rating
Analysts suggest holding Extra Space Storage's stock, indicating it may have limited growth potential.
Financial Health
Extra Space Storage is performing well with strong profits, cash flow, and revenue growth.
Dividend
Extra Space Storage Inc. has a dividend yield of 4.11%, which is decent for investors seeking income. If you invested $1000, you would be paid $41.10 a year in dividends (based on the last 12 months).
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Baskets Featuring EXR
Real Estate
Is it sunset or sunrise for real estate stocks? This carefully selected group of property investments, handpicked by our professional analysts, offers exposure to everything from data centers to residential properties and commercial real estate trusts.
Published: May 29, 2025
Explore BasketWhy You’ll Want to Watch This Stock
Occupancy & Rent Growth
Occupancy rates and rent per square foot underpin cash flow; revenue management tools can boost returns, though local demand and competition can change outcomes.
National Footprint Benefits
A wide geographic presence offers diversification and operational scale, but results will still differ by region and property type.
Rate And Capital Sensitivity
As a REIT, EXR is sensitive to interest rates and funding costs; acquisitions and development support growth but add capital and execution risks.
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