
EXR Stock Forecast & Price Target
EXR Analyst Ratings
Bulls say
The analysis indicates that Extra Space Storage (EXR) experienced a 6% year-over-year increase in its average move-in rate, reaching $111 per square foot, which aligns with similar growth trends observed in the previous quarter. The company’s strategic investment in marketing has been pivotal in achieving these stronger move-in rates, which management anticipates will contribute to accelerating revenue growth through 2026. Additionally, EXR benefits from its well-established portfolio and robust third-party management business, positioning the company favorably for sustained growth through improved occupancy rates, rent increases, and the potential for new management contracts.
Bears say
The financial outlook for Extra Space Storage (EXR) appears weak, primarily due to revised normalized FFO estimates, which have been lowered for both 2025 and 2026, indicating reduced profitability. Additionally, occupancy rates have decreased slightly year-over-year, suggesting challenges in maintaining demand amid moderating supply pressures and high tax implications affecting overall growth. The projected same-store revenue growth of -0.5% to 1.5%, alongside a decline in NOI, reflects potential operational difficulties that could negatively impact the company's financial performance.
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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