Extra Space Storage (EXR) Stock Forecast & Price Target

EXR price $148.26 +3.52 +2.43%

Ticker
EXR
Price
$148.26
Change
+3.52 +2.43%
Market cap ?
$31.32B
P/E ?
29.42
Forward P/E ?
31.79
Dividend yield ?
4.48%
Beta ?
1.17
Sector
Real Estate
Industry
REIT - Industrial
Stocklytics score
42
Value
36
Quality
58
Growth
31

Stocklytics score rationale: value 36, quality 58, growth 31.

Financials

2016201720182019202020212022202320242025
1004770000112034000012110560001319728000137857300016097200001965598000261507900033379040003377542000

Extra Space Storage Inc., a prominent, self-administered and self-managed real estate investment trust (REIT), is headquartered in Salt Lake City, Utah, and holds a distinguished place as a member of the S&P 500 index. Extra Space Storage caters to diverse customer needs by providing a wide array of secure and conveniently located storage solutions nationwide. This includes specialized options for vehicles like…

Fair value

EXR fair value $70.75. Price $148.26. Price is 110% above fair value.

Above fair value, and more expensive than usual. A larger premium than on 97% of days in the past 5 years.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.76B. Growth 0.53%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 10.71% (beta 1.2). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 211.27M. Net debt 14.83B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Model uncertainty high for this stock

Compare EXR

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2027-02-18—1.17—885.30M
2026-10-271.171.19889.79M886.60M
2026-07-281.251.16874.15M874.99M
2026-04-281.141.12856.03M854.62M
2026-02-191.361.17857.47M854.61M
2025-10-290.781.19858.46M866.37M
2025-07-301.181.16841.62M844.84M
2025-04-291.281.02820.00M827.63M
2025-02-251.241.10821.90M827.29M
2024-10-290.911.11824.80M826.93M
2024-07-300.881.03810.66M815.52M
2024-05-011.010.99799.54M794.80M
2024-02-281.021.21797.77M778.05M
2023-11-070.960.72748.03M713.55M
2023-08-041.501.51511.39M533.27M
2023-05-031.461.41503.05M514.02M
2023-02-221.521.46506.72M509.22M
2022-11-011.651.59498.90M497.43M
2022-08-021.641.47474.99M478.52M
2022-05-031.511.35443.56M438.79M
2022-02-232.001.40427.38M421.00M
2021-10-271.401.22420.75M332.14M
2021-07-271.251.08386.95M329.06M
2021-04-281.530.99365.81M311.20M
2021-02-221.190.90360.16M239.59M
2020-11-040.890.80348.63M307.94M
2020-08-040.800.73332.29M326.22M
2020-05-060.840.76337.50M304.41M
2020-02-180.870.82338.62M327.61M
2019-10-290.840.81340.21M346.05M
2019-07-300.820.75326.72M315.20M
2019-04-300.740.69314.18M302.77M
2019-02-200.800.76311.16M291.99M
2018-10-301.020.75310.57M225.70M
2018-07-310.751.15300.24M273.06M
2018-05-010.700.65289.08M265.11M
2018-02-201.630.70285.77M229.20M
2017-11-010.740.72288.15M276.52M
2017-08-010.690.65279.84M260.00M
2017-04-260.650.98266.59M234.23M

Dividends

Yield 4.37%. Payout ratio 132.37%. Frequency Quarterly.

Safety score 60/100 · Moderate. Payout ratio is 132% of earnings, above what earnings cover. Dividends use most of free cash flow. Dividends were paid in 23 separate years. Yield is 4.4%, in a range that is usually sustainable.

Ex-dateDividendRecordPaymentFrequency
2026-09-15$1.622026-09-152026-09-30Quarterly
2026-06-15$1.622026-06-152026-06-30Quarterly
2026-03-16$1.622026-03-162026-03-31Quarterly
2025-12-15$1.622025-12-152025-12-31Quarterly
2025-09-15$1.622025-09-152025-09-30Quarterly
2025-06-16$1.622025-06-162025-06-30Quarterly
2025-03-14$1.622025-03-142025-03-31Quarterly
2024-12-16$1.622024-12-162024-12-31Quarterly
2024-09-16$1.622024-09-162024-09-30Quarterly
2024-06-14$1.622024-06-142024-06-28Quarterly
2024-03-14$1.622024-03-152024-03-29Quarterly
2023-12-14$1.622023-12-152023-12-29Quarterly
2023-09-14$0.612023-09-152023-09-29Quarterly
2023-07-12$1.012023-07-132023-07-19Monthly
2023-06-14$1.622023-06-152023-06-30Quarterly
2023-03-14$1.622023-03-152023-03-31Quarterly
2022-12-13$1.502022-12-142022-12-30Quarterly
2022-09-14$1.502022-09-152022-09-30Quarterly
2022-06-14$1.502022-06-152022-06-30Quarterly
2022-03-14$1.502022-03-152022-03-31Quarterly
2021-12-14$1.252021-12-152021-12-31Quarterly
2021-09-14$1.252021-09-152021-09-30Quarterly
2021-06-14$1.002021-06-152021-06-30Quarterly
2021-03-12$1.002021-03-152021-03-31Quarterly
2020-12-14$0.902020-12-152020-12-31Quarterly
2020-09-14$0.902020-09-152020-09-30Quarterly
2020-06-12$0.902020-06-152020-06-30Quarterly
2020-03-13$0.902020-03-162020-03-31Quarterly
2019-12-13$0.902019-12-162019-12-31Quarterly
2019-09-13$0.902019-09-162019-09-30Quarterly
2019-06-13$0.902019-06-142019-06-28Quarterly
2019-03-14$0.862019-03-152019-03-29Quarterly
2018-12-13$0.862018-12-142018-12-31Quarterly
2018-09-13$0.862018-09-142018-09-28Quarterly
2018-06-14$0.862018-06-152018-06-29Quarterly
2018-03-14$0.782018-03-152018-03-29Quarterly
2017-12-14$0.782017-12-152017-12-29Quarterly
2017-09-14$0.782017-09-152017-09-29Quarterly
2017-06-13$0.782017-06-152017-06-30Quarterly
2017-03-13$0.782017-03-152017-03-31Quarterly
2016-12-15$0.782016-12-192016-12-30Quarterly
2016-09-13$0.782016-09-152016-09-30Quarterly
2016-06-13$0.782016-06-152016-06-30Quarterly
2016-03-11$0.592016-03-152016-03-31Quarterly
2015-12-11$0.592015-12-152015-12-31Quarterly
2015-09-11$0.592015-09-152015-09-30Quarterly
2015-06-11$0.592015-06-152015-06-30Quarterly
2015-03-12$0.472015-03-162015-03-31Quarterly
2014-12-11$0.472014-12-152014-12-31Quarterly
2014-09-11$0.472014-09-152014-09-30Quarterly
2014-06-11$0.472014-06-132014-06-30Quarterly
2014-03-12$0.402014-03-142014-03-28Quarterly
2013-12-11$0.402013-12-132013-12-31Quarterly
2013-09-12$0.402013-09-162013-09-30Quarterly
2013-06-12$0.402013-06-142013-06-28Quarterly
2013-03-13$0.252013-03-152013-03-29Quarterly
2012-12-06$0.252012-12-102012-12-31Quarterly
2012-09-13$0.202012-09-172012-09-28Irregular
2012-06-13$0.202012-06-152012-06-29Quarterly
2012-03-13$0.202012-03-152012-03-30Quarterly
2011-12-07$0.142011-12-092011-12-30Quarterly
2011-09-13$0.142011-09-152011-09-30Quarterly
2011-06-13$0.142011-06-152011-06-30Quarterly
2011-03-11$0.142011-03-152011-03-31Quarterly
2010-12-08$0.102010-12-102010-12-31Quarterly
2010-09-13$0.102010-09-152010-09-30Quarterly
2010-06-11$0.102010-06-152010-06-30Quarterly
2010-03-11$0.102010-03-152010-03-31Quarterly
2009-12-08$0.132009-12-102009-12-31Semi-Annual
2009-03-11$0.252009-03-132009-03-31Semi-Annual
2008-12-11$0.252008-12-152008-12-31Quarterly
2008-09-11$0.252008-09-152008-09-30Quarterly
2008-06-11$0.252008-06-132008-06-30Quarterly
2008-03-12$0.252008-03-142008-03-31Quarterly
2007-12-12$0.252007-12-142007-12-31Quarterly
2007-09-12$0.232007-09-142007-09-28Quarterly
2007-06-13$0.232007-06-152007-06-29Quarterly
2007-03-13$0.232007-03-152007-03-30Quarterly
2006-12-13$0.232006-12-152006-12-29Quarterly
2006-09-13$0.232006-09-152006-09-29Quarterly

Insider trades

DateInsiderActionSharesPriceValue
2026-08-04Margolis Joseph DSell13.50K——
2026-08-04Margolis Joseph DBuy13.50K——
2026-07-01Dickens Zachary TSell164$147.2924.16K
2026-07-01Springer William NSell138$147.2920.33K
2026-07-01Norman Jeffrey JaySell735$147.29108.26K
2026-06-11McNeal Gwyn GoodsonSell3.30K$150.00495.00K
2026-05-14Woolley Kenneth M.Buy1.41K$142.19200.06K
2026-05-14PITTMAN RAYMOND JBuy1.41K$142.19200.06K
2026-05-14Maggelet Crystal CallBuy1.41K$142.19200.06K
2026-05-14Harnett SueBuy1.41K$142.19200.06K
2026-05-14Bonner Joseph JBuy1.41K$142.19200.06K
2026-05-14Vander Ploeg JuliaBuy1.41K$142.19200.06K
2026-05-14Saffire JosephBuy1.41K$142.19200.06K
2026-05-14Barberio Mark GBuy1.41K$142.19200.06K
2026-05-14CRITTENDEN GARY LBuy1.41K$142.19200.06K
2026-05-14Maggelet Crystal CallOther0——
2026-05-14PITTMAN RAYMOND JOther0——
2026-04-01KUNDE GRACESell276$132.4936.57K
2026-04-01Norman Jeffrey JaySell375$132.4949.68K
2026-03-13Margolis Joseph DSell7.50K$142.081.07M
2026-03-06Margolis Joseph DBuy14.45K——
2026-03-06Margolis Joseph DSell14.45K——
2026-03-01Sondhi SamratBuy7.15K$151.031.08M
2026-03-01Sondhi SamratSell206$151.0331.11K
2026-03-01Sondhi SamratSell353$151.0353.31K
2026-03-01Sondhi SamratSell451$151.0368.11K
2026-03-01Sondhi SamratSell776$151.03117.20K
2026-03-01Sondhi SamratBuy1.93K$151.03291.34K
2026-03-01Herrington Matthew TBuy6.29K$151.03949.98K
2026-03-01Herrington Matthew TSell155$151.0323.41K
2026-03-01Herrington Matthew TSell267$151.0340.33K
2026-03-01Herrington Matthew TSell382$151.0357.69K
2026-03-01Herrington Matthew TSell682$151.03103.00K
2026-03-01Herrington Matthew TBuy1.46K$151.03220.96K
2026-03-01Springer William NBuy7.48K$151.031.13M
2026-03-01Springer William NSell145$151.0321.90K
2026-03-01Springer William NSell309$151.0346.67K
2026-03-01Springer William NSell401$151.0360.56K
2026-03-01Springer William NSell682$151.03103.00K
2026-03-01Springer William NBuy2.26K$151.03341.63K
2026-03-01McNeal Gwyn GoodsonBuy3.61K$151.03545.07K
2026-03-01McNeal Gwyn GoodsonSell112$151.0316.92K
2026-03-01McNeal Gwyn GoodsonSell179$151.0327.03K
2026-03-01McNeal Gwyn GoodsonSell236$151.0335.64K
2026-03-01McNeal Gwyn GoodsonSell303$151.0345.76K
2026-03-01McNeal Gwyn GoodsonSell400$151.0360.41K
2026-03-01McNeal Gwyn GoodsonBuy1.24K$151.03187.13K
2026-03-01Norman Jeffrey JayBuy3.44K$151.03520.00K
2026-03-01KUNDE GRACEBuy1.29K$151.03195.13K
2026-03-01KUNDE GRACESell117$151.0317.67K
2026-03-01Margolis Joseph DBuy17.38K$151.032.63M
2026-03-01Margolis Joseph DSell1.06K$151.03160.85K
2026-03-01Margolis Joseph DSell1.26K$151.03190.90K
2026-03-01Margolis Joseph DSell1.68K$151.03254.03K
2026-03-01Margolis Joseph DSell1.89K$151.03284.84K
2026-03-01Margolis Joseph DBuy6.90K$151.031.04M
2026-03-01Dickens Zachary TBuy7.02K$151.031.06M
2026-03-01Dickens Zachary TSell173$151.0326.13K
2026-03-01Dickens Zachary TSell351$151.0353.01K
2026-03-01Dickens Zachary TSell444$151.0367.06K
2026-03-01Dickens Zachary TSell761$151.03114.93K
2026-03-01Dickens Zachary TBuy1.92K$151.03289.98K
2026-02-02Norman Jeffrey JaySell105$137.9714.49K
2026-01-02KUNDE GRACESell158$130.2220.57K
2025-12-02Kirk SpencerSell70.00K——
2025-11-06Margolis Joseph DSell7.69K——
2025-10-01Margolis Joseph DSell7.50K$141.411.06M
2025-09-11Springer William NSell295——
2025-07-01Springer William NSell138$150.5020.77K
2025-07-01Dickens Zachary TSell164$150.5024.68K
2025-07-01Margolis Joseph DSell7.50K$150.351.13M
2025-07-01Norman Jeffrey JayOther0——
2025-05-21Barberio Mark GBuy1.38K$145.41199.94K
2025-05-21Harnett SueBuy1.38K$145.41199.94K
2025-05-21Saffire JosephBuy1.38K$145.41199.94K
2025-05-21CRITTENDEN GARY LBuy1.38K$145.41199.94K
2025-05-21Vander Ploeg JuliaBuy1.38K$145.41199.94K
2025-05-21Bonner Joseph JBuy1.38K$145.41199.94K
2025-05-21Olmstead DianeBuy1.38K$145.41199.94K
2025-05-21Kirk SpencerBuy1.38K$145.41199.94K
2025-05-21Woolley Kenneth M.Buy1.38K$145.41199.94K
2025-04-01KUNDE GRACESell371$147.8454.85K
2025-04-01Margolis Joseph DSell7.50K$147.451.11M
2025-03-13Margolis Joseph DBuy17.18K——
2025-03-13Margolis Joseph DSell17.18K——
2025-03-13Bonner Joseph JSell672$149.10100.20K
2025-03-01Herrington Matthew TBuy6.23K$152.56949.99K
2025-03-01Herrington Matthew TSell155$152.5623.65K
2025-03-01Herrington Matthew TSell268$152.5640.89K
2025-03-01Herrington Matthew TSell382$152.5658.28K
2025-03-01Herrington Matthew TBuy1.54K$152.56234.33K
2025-03-01Sondhi SamratBuy7.08K$152.561.08M
2025-03-01Sondhi SamratSell206$152.5631.43K
2025-03-01Sondhi SamratSell353$152.5653.85K
2025-03-01Sondhi SamratSell451$152.5668.80K
2025-03-01Sondhi SamratBuy2.04K$152.56311.37K
2025-03-01McNeal Gwyn GoodsonBuy3.57K$152.56545.10K
2025-03-01McNeal Gwyn GoodsonSell292$152.5644.55K
2025-03-01McNeal Gwyn GoodsonSell236$152.5636.00K
2025-03-01McNeal Gwyn GoodsonSell303$152.5646.23K

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 825, holders +43 vs prior quarter. Ownership 99.25%.

HolderSharesChangeChange %Value
BLACKROCK, INC.22.95M458.23K+2.04%3.33B
VANGUARD PORTFOLIO MANAGEMENT LLC18.62M232.56K+1.27%2.70B
VANGUARD CAPITAL MANAGEMENT LLC13.81M43.22K+0.31%2.01B
STATE STREET CORP13.56M-135.08K-0.99%1.97B
COHEN & STEERS, INC.12.90M-3.52M-21.43%1.87B
NORGES BANK9.30M9.30MNew1.35B
CAPITAL RESEARCH GLOBAL INVESTORS6.30M45.92K+0.73%915.41M
GEODE CAPITAL MANAGEMENT, LLC6.14M53.50K+0.88%888.76M
PRINCIPAL FINANCIAL GROUP INC6.06M-373.14K-5.80%880.12M
FMR LLC5.09M487.02K+10.58%739.36M
CAPITAL WORLD INVESTORS4.15M-630.43K-13.19%602.88M
FIRST EAGLE INVESTMENT MANAGEMENT, LLC3.88M38.31K+1.00%563.33M
DIMENSIONAL FUND ADVISORS LP3.24M31.01K+0.97%470.45M
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P.2.96M2.96MNew430.81M
CHARLES SCHWAB INVESTMENT MANAGEMENT INC2.96M161.33K+5.75%430.81M
APG ASSET MANAGEMENT US INC.2.75M12.70K+0.46%404.77M
CENTERSQUARE INVESTMENT MANAGEMENT LLC2.54M41.59K+1.66%369.17M
INVESCO LTD.2.48M-1.35M-35.17%361.04M
NORTHERN TRUST CORP2.48M-220.00K-8.16%359.88M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC2.24M2.24MNew325.68M
DAIWA SECURITIES GROUP INC.2.07M-856.55K-29.26%300.90M
LEGAL & GENERAL GROUP PLC2.06M-89.77K-4.17%299.75M
MORGAN STANLEY1.90M143.31K+8.15%276.22M
RESOLUTION CAPITAL LTD1.88M448.14K+31.26%273.45M
MASSACHUSETTS FINANCIAL SERVICES CO /MA/1.81M-12.69K-0.70%268.28M

Forecast

Consensus Buy from 22 analysts. Average price target $157.11, +6.0% versus the current price. Low $146.00. High $172.00.

Insights · Dividends · Forecast · Financials · Learn

Stocklytics home · Screener

Analysts have an average 12-month price target of $157.11 for Extra Space Storage (EXR), 5.8% above the current price of $148.45. Of 22 analysts covering the stock, 11 rate it Buy or Strong Buy, 11 Hold, and 0 Sell or Strong Sell, giving a consensus of Buy.

Forecasts are third-party estimates and often wrong. They are not investment advice.

EXR price target

12-month price target
Low$146.00
Average$157.11
High$172.00

The average is 5.8% above the current price of $148.45.

Is Extra Space Storage a buy or sell?

Of 22 analysts, 11 rate Extra Space Storage Buy or Strong Buy, 11 Hold, and 0 Sell or Strong Sell. The consensus label is Buy. That split is not a recommendation.

Extra Space Storage earnings and revenue forecast

Analyst averages on file: 2026, EPS $4.66, revenue $3.50 billion. 2027, EPS $4.88, revenue $3.61 billion.

EXR score and fair value

The Stocklytics Score for EXR is 42 out of 100. It averages value, quality, and growth against a large-cap US universe. It is not a price target and not a buy or sell rating. Fair value is a separate estimate on the fair value tab.

EXR forecast FAQs

What is the EXR price target?

$157.11 average, with a published range of $146.00 to $172.00.

Is Extra Space Storage a buy or sell?

The consensus is Buy from 22 analysts. This is not a recommendation.

What is the Extra Space Storage stock forecast for 2026?

Analysts' average EPS estimate for 2026 on file is $4.66. The average revenue estimate is $3.50 billion.

What will EXR be worth in 2030?

No reliable forecast exists that far out.

When is Extra Space Storage's next earnings report?

The next earnings date is shown on the stock page when a future report is on the calendar. This forecast does not invent a date.

Capital is at risk. Stocklytics is operated by Stocklytics Inc., a Marshall Islands company. It is not regulated by the FCA and does not give investment advice.

Extra Space Storage (EXR) Stock Forecast & Price Target

EXR$148.26+3.52 +2.43%

$31.32B

Market Cap

29.42

P/E

31.79

Forward P/E

42

Score

Price History