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Upturn AI Summary - About
Extra Space Storage Inc(EXR)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for EXR
10/20/2026: EXR (1-star) is currently NOT-A-BUY. Pass it for now.
Extra Space Storage Inc is a major U.S.-based real estate investment trust specializing in the ownership and management of self-storage facilities. The company is noted for its strong operational performance, driven by a proprietary revenue management system and a successful third-party management platform. Its primary growth strategy revolves around market consolidation and facility acquisitions. Key risks include sensitivity to interest rates, potential oversupply in the storage market, and the complexity of integrating large-scale acquisitions. The stock may best suit dividend-oriented investors seeking exposure to the real estate sector, though monitoring integration progress and macroeconomic impacts on housing remains important for long-term investors.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
Company fundamentals, valuation, risks, and news provide supporting context about the business.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Mixed fit | Growth is largely driven by M&A and market consolidation rather than rapid innovation. |
| Momentum investor | Mixed fit | Momentum is conditional on positive trends in the housing market and REIT sector sentiment. |
| Value investor | Mixed fit | Valuation is often tied to interest rate cycles, making entry timing critical for value seekers. |
| Dividend investor | Strong fit | The company is a reliable dividend payer with a history of consistent distributions typical of the REIT structure. |
| Low-risk investor | Mixed fit | While the business model is defensive, sensitivity to interest rates and real estate cycles adds moderate volatility. |
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Price volatility | Medium | REIT share prices are sensitive to broader stock market trends and interest rate changes. |
| Valuation risk | Medium | Premium multiples in the storage sector can lead to corrections if growth expectations are not met. |
| Competition risk (Self-Storage) | Medium | High competition from national and local operators can pressure rental rates. |
| Business quality | Strong | The company has established a stable, revenue-generating real estate portfolio. |
| Dividend income | Strong | Consistent dividend payouts are a fundamental aspect of the REIT business model. |
| Execution risk | Medium | Successfully integrating large acquisitions like Life Storage is critical for long-term shareholder value. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Smooth
The stock has moved along a generally orderly path with only modest fluctuations.
Analysis of Past Performance
Type Stock | Historic Profit -13.03% | Avg. Invested days 49 | Today’s Advisory PASS |
Upturn Advisory Rating  | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 10/20/2026 |
Upturn Scorecard
Upturn Star Rating 
Company Fundamentals
Financial Health Rating
Growth Momentum Score
Ownership
Top 5 Institutional Investors
Unit Economics (Per $1K Revenue)
Economic Dimensions
Quantitative Style Profile
Style Classification
Quality Focused
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 30.50B USD | Price to earnings Ratio 30.5 | 1Y Target Price 156.5 |
Price to earnings Ratio 30.5 | 1Y Target Price 156.5 | ||
Volume (30-day avg) 1.5M shares | Beta 1.17 | 52 Weeks Range 120.04 - 157.03 | Updated Date 10/19/2026 |
52 Weeks Range 120.04 - 157.03 | Updated Date 10/19/2026 | ||
Dividends yield (FY) 4.64% | Basic EPS (TTM) 4.53 |
How Company Makes Money
| Business area | What it includes | Retail investor read |
|---|---|---|
| Self-Storage Rentals | Rental revenue from owned climate-controlled and standard storage units. | This is the primary way the company collects steady rent from tenants. |
| Third-Party Management | Fees earned for managing facilities owned by other investors. | This generates high-margin, reliable fee income without the capital cost of ownership. |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2026-10-27 | When After Market | Estimate 2.1 | Actual - |
Profitability
Profit Margin 27.28% | Operating Margin (TTM) 45.88% |
Management Effectiveness
Return on Assets (TTM) 3.36% | Return on Equity (TTM) 6.95% |
Valuation
Trailing PE 30.5 | Forward PE 28.99 | Enterprise Value 42.00B | Price to Sales(TTM) 8.69 |
Enterprise Value 42.00B | Price to Sales(TTM) 8.69 | ||
Enterprise Value to Revenue 12.5 | Enterprise Value to EBITDA 17.82 | Shares Outstanding 211.27M | Shares Floating 208.86M |
Shares Outstanding 211.27M | Shares Floating 208.86M | ||
Percent Insiders 0.94 | Percent Institutions 99.67 |
Financial Metrics
🧭 Investment Snapshot
Total Revenue (Scale)
Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.
Net Income (Profit)
Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.
Free Cash Flow (Cash Strength)
Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.
📈 Growth & Strength
Operating Income (Core Profit)
Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.
EBITDA (Cash Earnings)
Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.
Gross Profit (Unit Profitability)
Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.
🛡️ Financial Safety
Cash (Liquidity Buffer)
Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.
Total Debt (Leverage Risk)
Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.
Net Working Capital (Short-Term Health)
Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.
🧱 Balance Sheet Strength
Stockholder Equity (Net Worth)
Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.
Total Assets (Asset Base)
The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.
Income Before Tax (Pre-Tax Earnings)
Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.
⚙️ Cost & Drag Factors
Cost of Revenue (Production Cost)
Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.
Total Operating Expenses (Operating Cost)
Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.
Income Tax Expense (Tax Drag)
Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.
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