
EXR Stock Forecast & Price Target
EXR Analyst Ratings
Bulls say
Extra Space Storage is a well-managed REIT with a strong asset base and favorable access to debt capital, which should support the company's growth prospects. The company also has a unique external growth pipeline, with projected average annual normalized FFOps growth of 2.9% from 2026-2031. Additionally, the company's solid rent growth trends and strong SSREV trends, combined with a palatable valuation and potential upside from their mezzanine/debt investment platform, make us optimistic about the stock's long-term potential.
Bears say
Extra Space Storage is a well-established real estate investment trust with a large portfolio of self-storage properties, making it a top performer in the industry. However, concerns about a slowdown in self-storage fundamentals and the potential impact of economic trends, low moving velocity, and increased competition for third-party management could hinder its ability to maintain its leading growth. Furthermore, the recent LSI merger and high level of bridge loans pose an earnings risk, and its leverage ratio is higher than its peers. These factors contribute to the negative outlook for the 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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