
EXR Stock Forecast & Price Target
EXR Analyst Ratings
Bulls say
Extra Space Storage is projected to have steady normalized FFO and FAD multiples, with a potential total return of 5.5%. They also have a unique external growth pipeline and strong rent and SSREV trends, indicating potential for upside. While the valuation remains fair, the company's high quality asset base, smart management team, and access to debt capital make it a solid investment option for the long-term.
Bears say
Extra Space Storage is facing potential challenges as their normalized FFO is projected to only see modest growth in the coming years and their current FFO multiples are above the industry average. Additionally, management has mentioned challenges with rental dynamics and potential drag from rent moratoriums. The recent bond deal has helped with debt, but their proportion of variable rate debt is still a concern. These factors contribute to a negative outlook on the company's stock.
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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