
EXR Stock Forecast & Price Target
EXR Analyst Ratings
Bulls say
Extra Space Storage's extensive portfolio, comprising nearly 4,000 self-storage properties across 42 states, positions it strategically within the real estate sector, fostering opportunities for sustainable growth. Improved rental dynamics in key markets, along with rising occupancy and strong rent growth, indicate potential for better-than-expected revenue trends in the near term. Furthermore, the company’s strategy to layer in more fixed-rate debt suggests a focus on financial stability, which may enhance the sustainability of management's net operating income (NOI) exceeding previous expectations.
Bears say
The analysis indicates a negative outlook for Extra Space Storage due to a recognized slowdown in self-storage fundamentals, as evidenced by recent pricing surveys signaling decreased demand. Furthermore, there is an anticipated effective drag of over 20 basis points resulting from rent moratoriums, contributing to opportunity costs for the company. Additionally, the downward revision of future funds from operations (FFO) per share estimates for both 2025 and 2026 suggests challenges in maintaining profitability, with projected values decreasing from $8.22 to $8.18 and from $8.45 to $8.42, respectively.
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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