
EXR Stock Forecast & Price Target
EXR Analyst Ratings
Bulls say
Extra Space Storage operates nearly 4,000 self-storage properties across 42 states, positioning itself as a significant player in the real estate investment trust sector. The company is witnessing an uptick in occupancy rates and strong rent growth, coupled with strategic customer rate increases, which may lead to better-than-expected near-term growth trends. Additionally, the management's plan to layer in more fixed-rate debt suggests a proactive approach in optimizing financial performance, potentially enhancing the sustainability of net operating income (NOI) in the long run.
Bears say
Extra Space Storage is experiencing a slowdown in self-storage fundamentals, as indicated by recent pricing surveys, which poses a risk to the company's overall financial health. This slowdown could result in an effective drag of slightly more than 20 basis points from rent moratoriums, representing a significant opportunity cost for the company. Additionally, downgraded estimates for funds from operations (FFO) per share for both 2025 and 2026 highlight a negative trend in the company's projected 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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