
EXR Stock Forecast & Price Target
EXR Analyst Ratings
Bulls say
Extra Space Storage benefits from a robust portfolio, owning and managing nearly 4,000 self-storage properties, which supports substantial operational scale and revenue potential. Recent trends indicate improved occupancy rates and stronger rent growth, suggesting that near-term growth might exceed initial projections due to favorable market dynamics. The company’s strategic shift towards fixed-rate debt and an increased focus on long-term customer value could enhance the sustainability of management's net operating income, further supporting a positive outlook for the firm’s financial performance.
Bears say
The financial outlook for Extra Space Storage is negative due to observed slowdowns in self-storage fundamentals, particularly reflected in recent pricing surveys. Additionally, the company faces effective financial drag from rent moratoriums, which contribute to opportunity costs estimated at slightly more than 20 basis points. Furthermore, the downward revision in future funds from operations (FFO) estimates for both 2025 and 2026 indicates a deteriorating revenue outlook, with the FFO per share estimates lowered 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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