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

Upturn stock ratingUpturn stock rating
$145.86
Last Close (24-hour delay)
Profit since last BUY-0.65%
upturn advisory
WEAK BUY
BUY since 34 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/27/2025: EXR (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

ratingratingratingratingrating

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

These Stocks/ETFs, based on Upturn Advisory, frequently surpass the market, reflecting reliable and trustworthy advice.

Year Target Price $161.32

Year Target Price $161.32

Analyst’s Price TargetsFor last 52 week
$161.32Target price
Low$119.72
Current$145.86
high$178.97

Analysis of Past Performance

Type Stock
Historic Profit -0.14%
Avg. Invested days 35
Today’s Advisory WEAK BUY
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 06/27/2025

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 32.32B USD
Price to earnings Ratio 33.92
1Y Target Price 162.5
Price to earnings Ratio 33.92
1Y Target Price 162.5
Volume (30-day avg) -
Beta 1.13
52 Weeks Range 119.72 - 178.97
Updated Date 06/29/2025
52 Weeks Range 119.72 - 178.97
Updated Date 06/29/2025
Dividends yield (FY) 4.44%
Basic EPS (TTM) 4.3

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 27.13%
Operating Margin (TTM) 44.4%

Management Effectiveness

Return on Assets (TTM) 3.33%
Return on Equity (TTM) 6.39%

Valuation

Trailing PE 33.92
Forward PE 31.15
Enterprise Value 44079990102
Price to Sales(TTM) 9.61
Enterprise Value 44079990102
Price to Sales(TTM) 9.61
Enterprise Value to Revenue 13.45
Enterprise Value to EBITDA 18.61
Shares Outstanding 212211008
Shares Floating 209617664
Shares Outstanding 212211008
Shares Floating 209617664
Percent Insiders 0.97
Percent Institutions 99.7

Analyst Ratings

Rating 3.65
Target Price 161.32
Buy 5
Strong Buy 4
Buy 5
Strong Buy 4
Hold 11
Sell -
Strong Sell -
Strong Sell -

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 began as a small self-storage business and has grown to become one of the largest self-storage operators in the United States. It became a publicly traded REIT in 2004.

business area logo Core Business Areas

  • Self-Storage Operations: The core business involves owning, operating, and managing self-storage facilities. This includes renting storage units to individuals and businesses.
  • Property Management: Extra Space Storage manages properties for third-party owners, earning fees based on the performance of these facilities.
  • Tenant Reinsurance: Offers reinsurance to tenants to cover their items placed in storage at Extra Space Storage facilities.

leadership logo Leadership and Structure

The leadership team includes Joseph D. Margolis (CEO), Scott Stubbs (CFO). The organizational structure is typical of a REIT, with departments overseeing operations, finance, marketing, and development.

Top Products and Market Share

overview logo Key Offerings

  • Self-Storage Units: Offers a variety of storage unit sizes to individuals and businesses. Extra Space Storage has a significant market share within the self-storage industry. Competitors include Public Storage, Life Storage, and CubeSmart. Market share data is provided below. Revenue is derived from rental income.
  • Tenant Insurance: Provides tenant insurance, offering financial protection for stored goods. Revenue is derived from premiums. Competitors are other insurance providers and self-storage companies that offer similar programs.

Market Dynamics

industry overview logo Industry Overview

The self-storage industry is characterized by stable demand, fragmented ownership, and ongoing consolidation. Demand drivers include population growth, mobility, and life events.

Positioning

Extra Space Storage is a leading player in the self-storage industry, known for its national brand, strong operational expertise, and robust technology platform. It competes effectively through scale, brand recognition, and customer service.

Total Addressable Market (TAM)

The self-storage industry TAM is estimated to be in the tens of billions of dollars annually. Extra Space Storage is well-positioned to capture a significant share of this market through organic growth, acquisitions, and third-party management.

Upturn SWOT Analysis

Strengths

  • Strong brand recognition
  • Large and diversified portfolio of properties
  • Experienced management team
  • Proprietary technology platform
  • Effective third-party management program

Weaknesses

  • Sensitivity to economic cycles
  • High capital expenditure requirements
  • Dependence on property management revenue
  • Exposure to interest rate risk

Opportunities

  • Further consolidation of the self-storage industry
  • Expansion into new markets
  • Increased adoption of technology
  • Growth in third-party management contracts
  • Development of ancillary services

Threats

  • Economic downturns
  • Increased competition
  • Rising interest rates
  • Changes in consumer behavior
  • Natural disasters

Competitors and Market Share

competitor logo Key Competitors

  • PSA
  • LSI
  • CUBE

Competitive Landscape

Extra Space Storage competes effectively due to its size, brand recognition, and technology platform. However, it faces competition from other large players and smaller, regional operators. The competitive landscape is characterized by ongoing consolidation and innovation.

Major Acquisitions

Life Storage Inc.

  • Year: 2023
  • Acquisition Price (USD millions): 12700
  • Strategic Rationale: This acquisition expanded Extra Space Storage's portfolio significantly, enhancing its market presence and operational efficiencies.

Growth Trajectory and Initiatives

Historical Growth: Extra Space Storage has experienced significant growth through acquisitions, organic growth, and third-party management. The company's growth rate has varied depending on economic conditions and strategic initiatives.

Future Projections: Future growth projections depend on analyst estimates. These estimates typically consider factors such as industry growth, acquisition activity, and the company's ability to execute its strategy.

Recent Initiatives: Recent initiatives include acquisitions of smaller self-storage operators, investments in technology, and expansion of the third-party management program.

Summary

Extra Space Storage is a strong player in the self-storage industry, benefiting from its size, brand, and tech. The acquisition of Life Storage has strengthened its position. However, it must navigate economic cycles, interest rate risks, and increasing competition. Continued investment in technology and strategic acquisitions will be essential for future growth.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company SEC Filings (10-K, 10-Q)
  • Industry Reports
  • Analyst Estimates
  • Company Website
  • Publicly available financial data

Disclaimers:

This analysis is for informational purposes only and should not be considered financial advice. Financial data and market conditions are subject to change. Investment decisions should be based on individual due diligence.

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.