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EXR 
Extra Space Storage Inc (EXR)
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Upturn Advisory Summary
12/05/2025: EXR (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
20 Analysts rated it
Well-followed company, solid analyst reports, reliable data for confident investing.
1 Year Target Price $155
1 Year Target Price $155
| 4 | Strong Buy |
| 5 | Buy |
| 11 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -13.87% | Avg. Invested days 39 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/05/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 28.71B USD | Price to earnings Ratio 28.98 | 1Y Target Price 155 |
Price to earnings Ratio 28.98 | 1Y Target Price 155 | ||
Volume (30-day avg) 20 | Beta 1.27 | 52 Weeks Range 118.40 - 158.41 | Updated Date 12/5/2025 |
52 Weeks Range 118.40 - 158.41 | Updated Date 12/5/2025 | ||
Dividends yield (FY) 4.94% | Basic EPS (TTM) 4.47 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 27.74% | Operating Margin (TTM) 46.33% |
Management Effectiveness
Return on Assets (TTM) 3.35% | Return on Equity (TTM) 6.79% |
Valuation
Trailing PE 28.98 | Forward PE 27.17 | Enterprise Value 41616200979 | Price to Sales(TTM) 8.39 |
Enterprise Value 41616200979 | Price to Sales(TTM) 8.39 | ||
Enterprise Value to Revenue 12.45 | Enterprise Value to EBITDA 17.4 | Shares Outstanding 212247580 | Shares Floating 209653915 |
Shares Outstanding 212247580 | Shares Floating 209653915 | ||
Percent Insiders 0.98 | Percent Institutions 99.2 |
Upturn AI SWOT
Extra Space Storage Inc
Company Overview
History and Background
Extra Space Storage Inc. was founded in 1977 in Salt Lake City, Utah. Initially known as JPI Storage, it became Extra Space Storage in 1998 and went public in 2004. The company has grown through acquisitions and organic development, becoming one of the largest self-storage operators in the US.
Core Business Areas
- Self-Storage Operations: The company owns, operates, and manages self-storage facilities, providing storage units for individuals and businesses.
- Property Management: Extra Space Storage manages self-storage properties for third-party owners, earning management fees.
- Tenant Reinsurance: The company offers reinsurance to tenants to protect against loss or damage to stored goods.
Leadership and Structure
The CEO is Samuel H. Shoen. The company has a board of directors and operates with a functional organizational structure, with departments for operations, finance, marketing, and technology.
Top Products and Market Share
Key Offerings
- Self-Storage Units: Various sizes of storage units for personal and business use, climate-controlled options available. Market share is approximately 15% nationwide, making it one of the largest players. Competitors include Public Storage, Life Storage and CubeSmart. Revenue is primarily derived from rental income.
- Moving and Packing Supplies: Sale of boxes, tape, locks, and other moving supplies at their facilities. Market share is small compared to storage units but a revenue stream nonetheless. Competitors include U-Haul and Home Depot.
- Tenant Insurance: Optional coverage plans for stored belongings. This service provides recurring revenue, but its contribution to total revenue is minor. Competitors include SafeStor and MiniCo.
Market Dynamics
Industry Overview
The self-storage industry is fragmented and growing, driven by factors such as increasing mobility, downsizing, and urbanization. Demand fluctuates with economic conditions and seasonal patterns.
Positioning
Extra Space Storage is a leading player in the self-storage industry, known for its strong brand recognition, extensive network of facilities, and technology-driven operations. It has a competitive advantage in scale and brand reputation.
Total Addressable Market (TAM)
The global self-storage market is expected to reach approximately $64.71 billion by 2030. Extra Space Storage is well-positioned to capture a significant portion of this TAM through organic growth, acquisitions, and strategic partnerships.
Upturn SWOT Analysis
Strengths
- Large and diversified portfolio of properties
- Strong brand recognition and reputation
- Experienced management team
- Advanced technology platform
- Efficient operations
Weaknesses
- High capital expenditures
- Sensitivity to economic downturns
- Exposure to property-related risks
- Reliance on acquisitions for growth
Opportunities
- Expansion into new markets
- Increased demand for self-storage
- Technological advancements
- Strategic partnerships
- Growth through acquisitions
Threats
- Economic downturns
- Increased competition
- Rising interest rates
- Changes in regulations
- Natural disasters
Competitors and Market Share
Key Competitors
- PSA
- LSI
- CUBE
Competitive Landscape
Extra Space Storage has a competitive advantage in its scale and brand reputation. However, it faces competition from other large self-storage operators and smaller regional players.
Major Acquisitions
Life Storage Inc
- Year: 2023
- Acquisition Price (USD millions): 12700
- Strategic Rationale: The merger with Life Storage creates an even larger self-storage REIT, providing opportunities for synergies, economies of scale, and increased market presence.
Growth Trajectory and Initiatives
Historical Growth: Extra Space Storage has experienced significant growth over the past decade, driven by acquisitions, organic development, and increasing demand for self-storage.
Future Projections: Analysts project continued growth for Extra Space Storage, driven by increasing occupancy rates, rental rates, and strategic acquisitions. Revenue is expected to grow by 5-8% annually over the next few years.
Recent Initiatives: Recent initiatives include investments in technology, expansion into new markets, and acquisitions of smaller self-storage operators. Also, increased focus on sustainability programs.
Summary
Extra Space Storage is a strong player in the self-storage industry with a large and diversified portfolio, strong brand recognition, and experienced management. Its strengths include efficient operations and advanced technology. It needs to watch out for economic downturns, increased competition, and rising interest rates, but with its recent acquisition of Life Storage, it appears to be well positioned for growth. The company has good shareholder returns as well.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Company filings (10-K, 10-Q)
- Industry reports
- Analyst estimates
- Company Press Releases
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Market share data is based on estimates and may vary.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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 | Website https://www.extraspace.com |
Full time employees 8012 | Website https://www.extraspace.com | ||
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 September 30, 2025, the Company owned and/or operated 4,238 self-storage stores in 43 states and Washington, D.C.The Company's stores comprise approximately 2.9 million units and approximately 326.9 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.
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