Extra Space Storage (EXR) Stock Analysis & Forecast

Nov 4 close

$161.04+4.81 (+3.1%)

Gekko Brief

AI summaryNov 4 close

Extra Space Storage moves higher this week on the back of third-quarter results that beat expectations, prompting raised full-year guidance and the completion of a $500 million share buyback. Same-store NOI rose 4.6% with occupancy near 94%, a performance that outpaced peers CubeSmart and Public Storage in the same self-storage category. The results drew fresh analyst attention, with UBS maintaining its Buy rating and lifting its price target to $174 from $152, and Evercore ISI raising its target to $151 from $142 while keeping an In-Line rating; the broader consensus target stands at $157.4.

The stock closed at $161.04, up 3.1% on the day and near its 52-week high of $162.28, with both the 50-day ($139.24) and 200-day ($142.49) moving averages well below the current price. The GekkoIndex reads 39.9, placing the stock in the Distribution zone. Shares trade 3.8% above Gekko Fair Value of $155.17.

Over the next 20 trading days, the next earnings report is not due until 18 February 2027, 105 days away, keeping that risk outside the typical holding window. Smart-money data shows one billionaire holder, with no insider, Congress or unusual options activity recorded in their respective windows. Seasonality for this point in the calendar has averaged a 6.7% gain over the next 20 trading days across 5 years, rising in 5 of them.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

Extra Space Storage price vs fair value

$161.04$155.17Nov ’25May ’26Nov ’26
Close $161.04200-day averageGekko Fair Value $155.17

Extra Space Storage quick facts

Market cap
$34.02B
P/E ratio
30.8
Forward P/E
32.8
EPS, TTM
$5.07
Revenue, TTM
$3.52B
Profit margin
29.5%
Dividend yield
4.28%
Beta
1.09
Volume
1.95M avg 1.35M
1-year return
+22.7%
Typical daily move
±2.2%
Typical 20-day move
±5%
50-day average
$139.24
200-day average
$142.49
Next earnings
Feb 18
Shares outstanding
211.3M
52-week range
$125.71$162.28

Extra Space Storage swing-trade checklist

Extra Space Storage scores 2 supportive, 2 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive2 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $161.04 sits between the 50-day ($139.24) and 200-day ($142.49) averages, or the averages disagree.

    See the chart
  • GekkoIndexheadwind

    39.9, Distribution

    Reading 39.9 is in the Distribution zone.

    See the GekkoIndex
  • Fair valuemixed

    3.8% above

    Price is within 5% of Gekko Fair Value (3.8% above).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 105 days

    Next report Feb 18, 2027, 105 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +6.7% on average

    From this point in the calendar, the next 20 trading days averaged +6.7% over 5 years, rising in 5 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Extra Space Storage stock chart and price history

Extra Space Storage closed at $161.04 on Nov 4, 2026, +22.7% over the past year, inside a 52-week range of $125.71 to $162.28.

Close50-day average200-day averageVolume
Extra Space Storage share price, past year, with 50-day and 200-day moving averages and volume$130$140$150DecJan 2026FebMarAprMayJunJulAugSepOct161.04

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+20.3%
3 months
+7.7%
6 months
+11.9%
1 year
+22.7%
The full EXR chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open EXR in Gekko

Follow Extra Space Storage through every session

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About Extra Space Storage

Extra Space Storage operates self-storage facilities across the United States, giving individuals and businesses secure, accessible space to store belongings. Its locations include options suited to vehicles such as boats and RVs, along with storage tailored to business use. The company runs nearly two thousand facilities spread across most U.S. states, as well as Washington, D.C. and Puerto Rico, offering roughly 1.4 million storage units and around 147.5 million square feet of rentable space.

The company functions as a self-administered and self-managed real estate investment trust, meaning it handles its own property operations and management rather than relying on outside managers. It serves a broad customer base of renters seeking storage nationwide, and it also manages storage facilities on behalf of others, making it the largest self-storage management operation in the country. It ranks as the second-largest owner and operator of self-storage sites in the U.S.

Extra Space Storage is based in Salt Lake City, Utah, and is included in the S&P 500 index. Its shares trade under the ticker EXR.

Sector
Finance
Website
extraspace.com

Extra Space Storage GekkoIndex: the smart money zone

Extra Space Storage’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 39.9, in the Distribution zone, down 8.7 points over five sessions.

010039.9Distribution

Down 8.7 points over five sessions, from the Neutral zone.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying43+0.4%+0.8%+2.0%+7.7%
Accumulation194+0.2%+0.7%+1.9%+2.3%
Neutral389+0.1%0.0%−0.9%−1.4%
Distribution (current zone)24−1.5%−3.8%−1.6%−1.0%
Selling0Not available

Average EXR share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Distribution readings averaged +1.2% over 20 days. Past behaviour doesn’t guarantee future results.

Distribution zone: Institutions potentially offloading. About the five zones →

See every daily GekkoIndex reading plotted over the EXR price, zone by zone.Track EXR in Gekko

Is Extra Space Storage stock overvalued? Gekko Fair Value

Extra Space Storage trades 3.8% above Gekko Fair Value of $155.17, so the shares are about fair value on Gekko’s estimate.

Gekko’s own estimate of what Extra Space Storage shares are worth, recalculated every trading day.

$155.17

Gekko Fair Value, Nov 4, 2026

3.8% above fair value · About fair value

At the end of Aug 2026 the price was 13.7% below the estimate.

Gekko Fair ValueShare price, month end
$155$156Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open EXR in Gekko

Extra Space Storage insider and Congress trading

No open-market insider purchases were filed for Extra Space Storage, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for EXR in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every EXR insider filing, plotted on the chart in Gekko.Open EXR in Gekko

Congress trades last 90 days

No trades in EXR were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for EXR, plotted on the chart in Gekko.Open EXR in Gekko

Buybacks

Extra Space Storage has been buying back its own shares.

Bought back, quarter ended Sep 30, 2026
$327.2M
As a share of market cap
0.96%

From company filings.

Hedge funds and billionaires quarter ended Jun 30

1of the funds Gekko tracks holds EXR.

0added0opened1trimmed0sold out
Which funds are on each side, name by name.Unlock in Gekko

Extra Space Storage earnings: next date and track record

Extra Space Storage reports on Feb 18, 2027 (105 days away), and beat the EPS estimate in 8 of its last 8 reports.

8 of 8reports beat the EPS estimate
±4.6%average move across the report
4 of 8reports followed by a gain

Share-price move across each report

−1.6%Oct ’24−3.2%Feb ’25+3.2%Apr ’25−11.6%Jul ’25−8.2%Oct ’25+5.2%Feb ’26+0.6%Apr ’26+3.1%Jul ’26

Last earnings call, Jul 28, 2026 AI summary

What they said
Extra Space Storage reported Q2 2026 core FFO of $2.15/share, up 4.9% YoY, exceeding internal forecasts. Same-store revenue grew 2.4%, accelerating 70bps from Q1, with occupancy at 94.2%. Same-store NOI grew 3.5% YoY as expenses declined modestly. External growth included 18 acquisitions for $91M, $141M in new bridge loans, and net addition of 48 third-party managed stores, bringing total managed portfolio to 1,964 stores.
Guidance
Management expressed confidence in second-half momentum, citing embedded rate gains from 2025-2026, moderating new supply, and strong customer retention. No specific numerical guidance targets were provided in this excerpt, but tone signals continued outperformance expectations.
ReportedEPSSurpriseRevenueSurpriseMove
Jul 28, 2026$2.15
est $2.06
+4.4%$874.2M
est $875.0M
−0.1%+3.1%
Apr 28, 2026$1.14
est $1.13
+0.9%$856.0M
est $851.4M
+0.5%+0.6%
Feb 19, 2026$1.36
est $1.17
+16.2%$857.5M
est $854.6M
+0.3%+5.2%
Oct 29, 2025$2.08
est $2.06
+1.0%$777.6M
est $733.0M
+6.1%−8.2%
Jul 30, 2025$1.18
est $1.16
+1.7%$841.6M
est $844.8M
−0.4%−11.6%
Apr 29, 2025$1.28
est $1.02
+25.5%$820.0M
est $827.6M
−0.9%+3.2%
Feb 25, 2025$2.03
est $1.10
+84.5%$821.9M
est $707.3M
+16.2%−3.2%
Oct 29, 2024$2.07
est $2.03
+2.0%$824.8M
est $726.8M
+13.5%−1.6%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Extra Space Storage stock forecast and analyst price targets

Analysts’ average 12-month price target for Extra Space Storage is $157.40, −2.3% from the last close, from 12 firms rating the stock in the last 90 days.

$157.40consensus 12-month target, −2.3% from the last close
Low $142High $174
Buy6
Hold6
Sell0

Each firm’s latest rating in the last 90 days: 12 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Nov 4UBSBuy, maintained$174+8.0%
Nov 2Bank of America SecuritiesHold, maintained$160−0.6%
Nov 2Wells FargoBuy, maintained$157−2.5%
Oct 29RBC CapitalHold, reiterated$156−3.1%
Oct 28ScotiabankHold, maintained$158−1.9%
−1.6%average 20-day move after past Distribution readings
+6.7%average move over the next 20 trading days in the last 5 years
±2.2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Extra Space Storage seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, Extra Space Storage averaged +6.7% across the last 5 years, rising in 5 of them.

Next 20 trading days, by year

+1.3%2021+1.9%2022+28.7%2023+1.2%2024+0.6%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+3.4%4 of 5
Next 10 trading days+5.0%4 of 5
Next 15 trading days+4.5%3 of 5
Next 20 trading days+6.7%5 of 5
Next 30 trading days+8.0%3 of 5

For scale, EXR’s typical 20-trading-day move in either direction is about 5%.

Extra Space Storage market cap and key statistics

Extra Space Storage’s market cap is $34.02B, with a P/E ratio of 30.8 and revenue of $3.52B over the last twelve months.

Valuation

Market cap
$34.02B
P/E ratio
30.8
Forward P/E
32.8
EPS, TTM
$5.07
Gekko Fair Value
$155.17

Trading

Volume
1.95M
Avg volume, 20 days
1.35M
52-week high
$162.28
52-week low
$125.71
Shares outstanding
211.3M

Financials

Revenue, TTM
$3.52B
Profit margin
29.5%
Return on equity
7.7%
Quarterly earnings growth, YoY
+50.3%

Risk and income

Beta
1.09
Typical daily move
±2.2%
Typical 20-day move
±5%
Dividend yield
4.28%

Extra Space Storage stock news this week

Coverage of Extra Space Storage this week reads positive: 19 positive, 3 neutral and 2 negative headlines.

News sentiment positive

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In the Buying zone today

Reporting earnings this week

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Extra Space Storage stock FAQ

What is Extra Space Storage’s market cap?

Extra Space Storage’s market cap is $34.02B at the Nov 4, 2026 close of $161.04, with 211.3M shares outstanding. The shares trade on a P/E ratio of 30.8.

What is the Extra Space Storage stock forecast?

The consensus analyst 12-month price target for Extra Space Storage is $157.40, −2.3% from the last close. Of the 12 firms that rated the stock in the last 90 days, 6 rate it a buy, 6 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Extra Space Storage stock overvalued or undervalued?

On Gekko’s estimate Extra Space Storage is about fair value: the Nov 4, 2026 close of $161.04 is 3.8% above Gekko Fair Value of $155.17. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Extra Space Storage report earnings next?

Extra Space Storage is expected to report on Feb 18, 2027 (105 days away). Analysts expect earnings of $1.17 per share on revenue of $888.4M. Extra Space Storage beat the earnings estimate in 8 of its last 8 reports, moving 4.6% on average across the report.

What is Extra Space Storage’s 52-week high and low?

Extra Space Storage’s 52-week high is $162.28 and its 52-week low is $125.71; it closed at $161.04 on Nov 4, 2026, +22.7% over the past year. Over the last five years the shares peaked at $228.84 on Dec 31, 2021.

Is Extra Space Storage stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (earnings risk and seasonality), 2 as mixed (trend and fair value) and 1 as a headwind (gekkoindex). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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