
EXR Stock Forecast & Price Target
EXR Analyst Ratings
Bulls say
Extra Space Storage is a strong REIT, with a well-rounded management team, a high quality asset base, and attractive access to debt capital. With a unique external growth pipeline and projected FFO CAGR of 3.2% over the next 5 years, we expect EXR to continue generating strong returns. Additionally, their mezzanine/debt investment platform and potential for strong rent growth in the near term could provide further upside. The stock is currently rated as a Hold, but we believe EXR is a solid long-term investment option for those seeking a lower risk premium and stable earnings.
Bears say
Extra Space Storage is a well-established real estate investment trust with a strong portfolio of self-storage properties. However, the company's stock has a relatively low valuation compared to its historical average and consensus estimates. There are also concerns about a potential slowdown in self-storage fundamentals and the impact of credit market conditions on asset pricing and funding. While the company has a strong external growth opportunity, there are risks related to integration and potential higher-than-expected costs and lower-than-expected rates. Overall, these factors contribute to a negative outlook on Extra Space Storage'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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