Extra Space Storage (EXR) Stock Analysis & Forecast

Extra Space Storage Inc. Finance sector. Market cap $28.88B.

$136.71−2.32 (−1.7%)

Close on Sep 18, 2026. Page updated Sep 19, 9:17 pm ET.

Gekko Brief

AI summary

Extra Space Storage closes at $136.71, down 1.7%, sitting between its 50-day average of $144.81 and 200-day average of $141.63. The GekkoIndex reads 68.9, placing the stock in the Accumulation zone, while price sits 13.2% below Gekko Fair Value of $157.55. Trailing returns show a 1-month decline of 7.6%, a 3-month decline of 5.9%, and a 6-month gain of 0.5%, against a 52-week range of $125.71 to $158.88.

Coverage this week centers on operational performance and analyst positioning. One piece describes EXR as a "Great REIT At The Wrong Time," maintaining a Hold rating and noting 4.88% year-over-year core FFO per share growth alongside same-store occupancy of 94.2% and a recent guidance boost. A separate note flags EXR as a "New Buy Stock." Dividend coverage highlights a declared payout of $1.62 per share with an ex-dividend date of 15 September 2026, part of a payment record dating to 2004 and annual increases since 2009.

Looking ahead, the next earnings report is scheduled for 4 November 2026, 45 days out, beyond a typical 20-day holding window. The prior quarter's core FFO of $2.15 topped the $2.06 estimate, producing a 3.1% reaction, with 7 beats in the last 8 quarters and an average absolute reaction of 4.1%. Analyst consensus among 14 firms stands at 7 buy and 7 hold ratings, with a consensus target of $159 implying 16.3% upside. Seasonality over the next 20 trading days has averaged -1.8% across 5 years, rising in 2 of them, a pattern worth noting given the current gap to fair value.

Written by AI and checked automatically against the figures on this page. Generated Sep 20, 2026 from the data above.

Price vs fair value

Close $136.71200-day averageGekko Fair Value $157.55

Key stats

Market cap
$28.88B
P/E ratio
30.1
Forward P/E
29.8
EPS, TTM
$4.62
Revenue, TTM
$3.51B
Profit margin
27.3%
Dividend yield
4.75%
Beta
1.18
Volume
3.00M avg 1.25M
1-year return
−4.5%
Typical daily move
±2%
Typical 20-day move
±4.9%
50-day average
$144.81
200-day average
$141.63
Next earnings
Nov 4
Shares outstanding
211.3M
52-week range
$125.71$158.88

Extra Space Storage swing-trade checklist

Extra Space Storage scores 3 supportive, 1 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.

3 supportive1 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $136.71 sits between the 50-day ($144.81) and 200-day ($141.63) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    68.9, Accumulation

    Reading 68.9 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    13.2% below

    Price is 13.2% below Gekko Fair Value (more than 5% below).

    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 45 days

    Next report Nov 4, 2026, 45 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −1.8% on average

    From this point in the calendar, the next 20 trading days averaged −1.8% over 5 years, rising in 2 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 $136.71 on Sep 18, 2026, −4.5% over the past year, inside a 52-week range of $125.71 to $158.88.

Close50-day average200-day averageVolume

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

Performance Breakdown

1 month
−7.6%
3 months
−5.9%
6 months
+0.5%
1 year
−4.5%
The full EXR chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open EXR in Gekko

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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 68.9, in the Accumulation zone, down 6.3 points over five sessions.

010068.9Accumulation

Down 6.3 points over five sessions, from the Buying zone.

Reading for Sep 18, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying33+0.6%+2.1%+3.7%+7.7%
Accumulation (current zone)180+0.3%+0.7%+2.0%+2.4%
Neutral3780.0%−0.1%−0.8%−0.9%
Distribution24−1.5%−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, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. 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 13.2% below Gekko Fair Value of $157.55, so the shares are undervalued on Gekko’s estimate.

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

$157.55

Gekko Fair Value, Sep 19, 2026

13.2% Undervalued

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 Mar 31, 2026
$1.44M
As a share of market cap
0.00%
Trailing four quarters
$152.2M

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 Nov 4, 2026 (45 days away), and beat the EPS estimate in 7 of its last 8 reports.

7 of 8reports beat the EPS estimate
±4.1%average move across the report
6 of 8reports followed by a gain

Share-price move across each report

+0.3%Apr ’25+3.2%Apr ’25+0.7%Jul ’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$2.05
est $2.06
−0.5%$841.6M
est $732.2M
+14.9%−11.6%
Jul 28, 2025$1.18
est $1.15
+2.6%$841.6M
est $732.2M
+14.9%+0.7%
Apr 29, 2025$2.00
est $1.96
+2.0%$820.0M
est $707.6M
+15.9%+3.2%
Apr 28, 2025$1.28
est $1.02
+25.6%$820.0M
est $707.6M
+15.9%+0.3%

“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 $159.00, +16.3% from the last close, from 14 firms rating the stock in the last 90 days.

$159.00consensus 12-month target, +16.3% from the last close
Low $149High $172
Buy7
Hold7
Sell0

Each firm’s latest rating in the last 90 days: 14 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 16Morgan StanleyHold, reiterated$155+13.4%
Sep 2Mizuho SecuritiesBuy, maintained$152+11.2%
Sep 1Wells FargoBuy, reiterated$157+14.8%
Sep 1Wells FargoBuy, maintained$157+14.8%
Aug 27BMO CapitalBuy, upgraded$170+24.4%
+2.0%average 20-day move after past Accumulation readings
−1.8%average move over the next 20 trading days in the last 5 years
±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 Sep 19, Extra Space Storage averaged −1.8% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

+2.2%2021−7.9%2022−7.0%2023−5.6%2024+8.8%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days−3.6%1 of 5
Next 10 trading days−4.0%1 of 5
Next 15 trading days−4.4%1 of 5
Next 20 trading days−1.8%2 of 5
Next 30 trading days−5.1%1 of 5

For scale, EXR’s typical 20-trading-day move in either direction is about 4.9%.

Extra Space Storage market cap and key statistics

Extra Space Storage’s market cap is $28.88B, with a P/E ratio of 30.1 and revenue of $3.51B over the last twelve months.

Valuation

Market cap
$28.88B
P/E ratio
30.1
Forward P/E
29.8
EPS, TTM
$4.62
Gekko Fair Value
$157.55

Trading

Volume
3.00M
Avg volume, 20 days
1.25M
52-week high
$158.88
52-week low
$125.71
Shares outstanding
211.3M

Financials

Revenue, TTM
$3.51B
Profit margin
27.3%
Return on equity
7%
Quarterly earnings growth, YoY
+6.0%

Risk and income

Beta
1.18
Typical daily move
±2%
Typical 20-day move
±4.9%
Dividend yield
4.75%

Extra Space Storage stock news this week

4 headlines about Extra Space Storage from the past week, newest first, each linking to the publisher.

More stocks

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 $28.88B at the Sep 18, 2026 close of $136.71, with 211.3M shares outstanding. The shares trade on a P/E ratio of 30.1.

What is the Extra Space Storage stock forecast?

The consensus analyst 12-month price target for Extra Space Storage is $159.00, +16.3% from the last close. Of the 14 firms that rated the stock in the last 90 days, 7 rate it a buy, 7 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 undervalued: the Sep 18, 2026 close of $136.71 is 13.2% below Gekko Fair Value of $157.55. 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 Nov 4, 2026 (45 days away). Analysts expect earnings of $1.18 per share on revenue of $889.4M. Extra Space Storage beat the earnings estimate in 7 of its last 8 reports, moving 4.1% on average across the report.

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

Extra Space Storage’s 52-week high is $158.88 and its 52-week low is $125.71; it closed at $136.71 on Sep 18, 2026, −4.5% over the past year.

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, 3 of the 5 items with data read as supportive (gekkoindex, fair value and earnings risk), 1 as mixed (trend) and 1 as a headwind (seasonality). The checklist is a description of current data, not a recommendation.

How this page works

Prices and signals update after every 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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