
EXR Stock Forecast & Price Target
EXR Analyst Ratings
Bulls say
Extra Space Storage operates a substantial network of nearly 4,000 self-storage properties across 42 states, which positions it well to benefit from favorable rental dynamics, particularly in regions like Los Angeles where improvements have been observed. The company anticipates positive short-term growth trends driven by increasing occupancy rates, robust rent growth, and customer rate increases, suggesting a stronger-than-expected performance for net operating income (NOI). Additionally, there is potential for further financial upside through Extra Space Storage's mezzanine and debt investment platform, enhancing its overall revenue sustainability and management effectiveness.
Bears say
Extra Space Storage has revised its normalized Funds from Operations (FFO) estimates downward for both 2025 and 2026, reflecting a decline in operational performance, with the 2026 estimate now at $8.32 per share, slightly below consensus expectations. The company has also highlighted a noticeable slowdown in self-storage fundamentals, which could negatively impact its pricing power and overall financial health. Additionally, the risk of operational drag stemming from rent moratoriums has been identified, indicating potential opportunity costs that may further hinder revenue growth.
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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