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Upturn stock ratingUpturn stock rating
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Extra Space Storage Inc (EXR)

Upturn stock ratingUpturn stock rating
$136.63
Last Close (24-hour delay)
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PASS
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  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
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Upturn Advisory Summary

08/14/2025: EXR (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

20 Analysts rated it

Well-followed company, solid analyst reports, reliable data for confident investing.

1 Year Target Price $160.55

1 Year Target Price $160.55

Analysts Price Target For last 52 week
$160.55 Target price
52w Low $119.72
Current$136.63
52w High $178.97

Analysis of Past Performance

Type Stock
Historic Profit -4.64%
Avg. Invested days 39
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 2.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 08/14/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 30.28B USD
Price to earnings Ratio 29.7
1Y Target Price 160.55
Price to earnings Ratio 29.7
1Y Target Price 160.55
Volume (30-day avg) 20
Beta 1.08
52 Weeks Range 119.72 - 178.97
Updated Date 08/14/2025
52 Weeks Range 119.72 - 178.97
Updated Date 08/14/2025
Dividends yield (FY) 4.69%
Basic EPS (TTM) 4.6

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date 2025-07-28
When After Market
Estimate 1.15
Actual 1.18

Profitability

Profit Margin 28.77%
Operating Margin (TTM) 45.59%

Management Effectiveness

Return on Assets (TTM) 3.32%
Return on Equity (TTM) 6.9%

Valuation

Trailing PE 29.7
Forward PE 29.5
Enterprise Value 42858354576
Price to Sales(TTM) 8.92
Enterprise Value 42858354576
Price to Sales(TTM) 8.92
Enterprise Value to Revenue 12.95
Enterprise Value to EBITDA 17.64
Shares Outstanding 212254000
Shares Floating 209651382
Shares Outstanding 212254000
Shares Floating 209651382
Percent Insiders 0.98
Percent Institutions 99.45

ai summary icon Upturn AI SWOT

Extra Space Storage Inc

stock logo

Company Overview

overview logo History and Background

Extra Space Storage Inc. was founded in 1977 in Salt Lake City, Utah. It became a publicly traded REIT in 2004 (NYSE: EXR). Over the years, it has grown through acquisitions and development to become one of the largest self-storage operators in the United States.

business area logo Core Business Areas

  • Self-Storage Operations: Owns, operates, and manages self-storage facilities, providing storage solutions to individuals and businesses.
  • Property Management: Manages self-storage facilities for third-party owners, generating fee income.
  • Acquisitions and Development: Acquires existing self-storage facilities and develops new properties to expand its portfolio.

leadership logo Leadership and Structure

The company is led by a CEO and a senior management team. It operates as a real estate investment trust (REIT) with a board of directors overseeing its activities.

Top Products and Market Share

overview logo Key Offerings

  • Self-Storage Units: Provides various sizes of self-storage units for rent on a monthly basis. Revenue is primarily generated from rental income. Competitors include Public Storage (PSA), CubeSmart (CUBE), and Life Storage (LSI). It is estimated that EXR has 12.1% of self storage revenue in the united states based on data from 2023.
  • Tenant Insurance: Offers tenant insurance to customers to protect their stored belongings. Competitors: Public Storage (PSA), CubeSmart (CUBE), Life Storage (LSI).
  • Moving and Packing Supplies: Sells moving and packing supplies at its facilities. Competitors: U-Haul, Public Storage (PSA).

Market Dynamics

industry overview logo Industry Overview

The self-storage industry is characterized by fragmented ownership but is consolidating, with REITs like Extra Space Storage playing a significant role. Demand is driven by life events such as moving, downsizing, and relocation. The industry is generally considered recession-resistant.

Positioning

Extra Space Storage is a leading player in the self-storage industry, known for its scale, brand recognition, and technology-driven operations. Its competitive advantages include its established platform for acquisitions and property management.

Total Addressable Market (TAM)

The self-storage TAM is estimated to be over $50 billion annually. Extra Space Storage, with its significant market share, is well-positioned to capture a portion of this market. The industry is fragmented and with further consolidation expected, EXR is well-positioned.

Upturn SWOT Analysis

Strengths

  • Large scale and geographic diversification
  • Strong brand recognition
  • Experienced management team
  • Technology-driven operations
  • Efficient property management platform

Weaknesses

  • High debt levels
  • Sensitivity to interest rate fluctuations
  • Exposure to regional economic downturns
  • Reliance on acquisitions for growth

Opportunities

  • Further consolidation of the self-storage industry
  • Expansion into new markets
  • Increased demand from e-commerce businesses
  • Growth in ancillary services (e.g., tenant insurance)
  • Increase rental rates

Threats

  • Increased competition from new entrants
  • Economic recession or slowdown
  • Rising interest rates
  • Oversupply of self-storage facilities in certain markets
  • Decline in occupancy rates

Competitors and Market Share

competitor logo Key Competitors

  • PSA
  • CUBE
  • LSI

Competitive Landscape

Extra Space Storage is a strong competitor due to its size and scale but faces competition from other large REITs and smaller private operators.

Major Acquisitions

Life Storage

  • Year: 2023
  • Acquisition Price (USD millions): 12700
  • Strategic Rationale: Expanded portfolio, increased scale, and synergies in operations.

Growth Trajectory and Initiatives

Historical Growth: Extra Space Storage has grown significantly through acquisitions and development.

Future Projections: Future growth is expected to come from continued acquisitions, development, and same-store revenue growth.

Recent Initiatives: Recent initiatives include expanding its property management platform and investing in technology to improve operational efficiency.

Summary

Extra Space Storage is a large and well-established player in the self-storage industry, benefiting from its scale, brand recognition, and efficient operations. The company has grown significantly through acquisitions, most recently acquiring Life Storage. High debt and sensitivity to interest rates are factors to watch. Continued industry consolidation offers further growth opportunities, but increased competition could pose a threat.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company Filings
  • Industry Reports
  • Analyst Estimates

Disclaimers:

This analysis is based on publicly available information and is not financial advice. Market conditions and company performance can change over time.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Extra Space Storage Inc

Exchange NYSE
Headquaters Salt Lake City, UT, United States
IPO Launch date 2004-08-12
CEO & Director Mr. Joseph Daniel Margolis J.D.
Sector Real Estate
Industry REIT - Industrial
Full time employees 8012
Full time employees 8012

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of March 31, 2025, the Company owned and/or operated 4,099 self-storage stores in 43 states and Washington, D.C. The Company's stores comprise approximately 2.8 million units and approximately 315.0 million square feet of rentable space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.