Extra Space Storage Inc. (EXR) Stock Price & Analysis
Extra Space Storage Inc. (EXR) closed at USD 143.19 on Thursday, October 22, 2026, up 2.37% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 139.87; the Oct 22, 2026 session ranged USD 139.7–143.28 on volume of 1,018,046 shares. Market capitalization is $31.60B, with a 52-week range of USD 125.71–158.88 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:24 UTC.
Also available as compact Markdown for AI agents: nexqual.com/EXR.md
Key facts (EXR)
- Last four reported quarters (through Jun 30, 2026): revenue $3.45B, net income $958M (27.8% margin), free cash flow $1.54B (SEC filings).
- Valuation: P/E 33.0x (avg 33.0x at the last 3 fiscal year-ends).
- 2 of 80 tracked superinvestors hold EXR (13F, Q2 2026): 0 new, 1 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 2.29 on a 1–5 scale) (21 analysts), mean target USD 156.5 (range 140–178).
- Total return with dividends: 1Y -0.6% vs S&P 500 +14.9%; 5Y -5.5% vs S&P 500 +80.3%.
- Next earnings: 2026-10-27, EPS estimate USD 1.18, revenue estimate $751M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (EXR)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.58B | $1.92B | $2.56B | $3.26B | $3.38B | $3.45B |
| Gross profit | $1.21B | $1.49B | $1.95B | $2.43B | $2.46B | — |
| Operating income | $976M | $1.05B | $1.17B | $1.32B | $1.41B | $1.41B |
| Net income | $828M | $861M | $803M | $855M | $974M | $958M |
| EPS (diluted) | $6.19 | $6.41 | $4.74 | $4.03 | $4.59 | — |
| Free cash flow | — | $44.9M | $1.27B | $1.41B | $1.29B | $1.54B |
| Gross margin | 76.6% | 77.4% | 76.1% | 74.5% | 72.8% | — |
| Operating margin | 61.9% | 54.6% | 45.7% | 40.6% | 41.8% | 40.9% |
| Net margin | 52.5% | 44.7% | 31.4% | 26.2% | 28.8% | 27.8% |
| Revenue growth | +16.3% | +22.0% | +33.1% | +27.2% | +3.7% | — |
| Cash + short-term investments | $71.1M | $92.9M | $99.1M | $138M | $139M | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (EXR)
P/E 33.0x · P/S 9.2x · P/FCF 20.5x · P/B 2.4x · FCF yield 4.87% · Earnings yield 3.03% · Dividend yield (paid, TTM) 4.34% · Buyback yield (TTM) 0.45%
P/E at fiscal year-ends: Dec 2025 28.3x, Dec 2024 37.0x, Dec 2023 33.8x.
Superinvestors (SEC 13F-HR, Q2 2026) (EXR)
2 of 80 tracked investors hold EXR. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.94% | $563M | Added +1.0% |
| Christopher Davis | Davis Advisors | 0.02% | $4.0M | Reduced -2.1% |
Analysts (EXR)
Consensus Buy (mean 2.29 on a 1–5 scale), 21 analysts; mean target USD 156.5 (low 140, high 178).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-16 | UBS | Target lowered | Buy | $163 → $152 |
| 2026-10-02 | Truist Securities | Upgrade | Hold → Buy | $148 → $147 |
| 2026-09-21 | Evercore ISI Group | Target lowered | In-Line | $152 → $146 |
| 2026-09-21 | JP Morgan | Target lowered | Neutral | $157 → $153 |
| 2026-09-02 | Mizuho | Target lowered | Outperform | $155 → $152 |
| 2026-09-01 | Wells Fargo | Target lowered | Overweight | $158 → $157 |
| 2026-08-27 | BMO Capital | Upgrade | Market Perform → Outperform | $160 → $170 |
| 2026-08-18 | Scotiabank | Target raised | Sector Perform | $157 → $158 |
| 2026-07-30 | RBC Capital | Target raised | Sector Perform | $153 → $157 |
| 2026-07-24 | Wells Fargo | Target raised | Overweight | $154 → $158 |
| 2026-07-10 | UBS | Target raised | Buy | $158 → $163 |
| 2026-07-10 | Barclays | Target raised | Overweight | $170 → $172 |
Total return (dividends reinvested) (EXR)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -0.6% | -5.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -0.6% | -1.1% |
| Volatility (annualized) | 23.0% | 27.7% |
| Max drawdown | -16.0% (Oct 2025→Dec 2025) | -50.8% (Dec 2021→Oct 2023) |
EXR analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.18 | $1.17 | +0.9% | $750.5M | 5 |
| Next quarter (ends Dec 2026) | $1.17 | $1.15 | +1.2% | $745.5M | 6 |
| Current fiscal year (ends Dec 2026) | $4.64 | $4.54 | +2.2% | $2.98B | 6 |
| Next fiscal year (ends Dec 2027) | $4.80 | $4.75 | +1.1% | $3.06B | 6 |
EXR options: expected move
Options price a move of about ±6.3% (±$9.03) by Nov 20, 2026, which includes earnings on Oct 27, 2026.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 27.6% | ±6.3% |
| Dec 18, 2026 | 56 | 24.6% | ±8.3% |
| Mar 19, 2027 | 147 | 24.0% | ±12.5% |
| Jun 17, 2027 | 237 | 24.5% | ±15.8% |
30-day implied volatility 25.4% vs 21% realized over the last 30 trading days. Put/call ratio (volume) 0.16. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:24 UTC)
| Price | USD 143.19 |
|---|---|
| Change | ▲ 2.37% (up) |
| Previous Close | USD 139.87 |
| Open | USD 140.14 |
| Day Range | USD 139.7 – 143.28 |
| 52-Week Range | USD 125.71 – 158.88 |
| Volume | 1,018,046 shares |
| Market Cap | $31.60B |
| Exchange | NYQ |
Technical Analysis (EXR)
Nexqual's technical model rates EXR "BUY" based on 5 bullish and 2 bearish signals across 127 daily candles, as of October 23, 2026 at 09:24 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 64.06 (neutral) |
| vs SMA50 | Above (USD 138.71) |
| MACD | 0.83 (positive) |
Analyst Ratings (EXR)
Wall Street analysts rate EXR "Buy" based on 21 analysts, with a mean price target of USD 156.5 (range USD 140–178), per Nexqual as of October 23, 2026 at 09:24 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 21 |
| Mean Target | USD 156.5 |
| High Target | USD 178 |
| Low Target | USD 140 |
| Buy / Hold / Sell | 11 / 10 / 0 |
Earnings (EXR)
| Next Earnings Date | 2026-10-27 |
|---|---|
| EPS Estimate | USD 1.18 |
| Revenue Estimate | $750.53M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 1.25 vs est 1.15 ▲ beat |
| 2026-03-31 | USD 1.14 vs est 1.1 ▲ beat |
| 2025-12-31 | USD 1.36 vs est 1.15 ▲ beat |
| 2025-09-30 | USD 0.78 vs est 1.19 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financials & Fundamentals (EXR)
| Total Revenue | $3.51B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +3.80% |
| Gross Margin | +74.92% |
| Operating Margin | +45.88% |
| Profit Margin | +27.28% |
| ROE | +6.95% |
| Debt / Equity | 1.02 |
| Current Ratio | 0.89 |
| Total Cash | $696.60M |
| Total Debt | $14.41B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $1.54B (44.6% of revenue) |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financial Health Score (EXR)
Nexqual rates Extra Space Storage Inc.'s overall financial health "Solid" across five dimensions, as of October 23, 2026 at 09:24 UTC.
| Growth | Mixed — Revenue +3.3% YoY (annual), slow |
|---|---|
| Profitability | Strong — Gross margin 75%, operating 46% (last 12 months) |
| Balance Sheet | Weak — $697M cash vs $14.4B debt |
| Cash Flow | Strong — FCF $1.54B (last 4 quarters to Jun 2026, SEC), 45% margin |
| Efficiency | Mixed — ROE 7%, ROA 3.4% |
Ownership (EXR)
| Insider Ownership | +0.94% |
|---|---|
| Institutional Ownership | +99.71% |
| Shares Outstanding | 211.27M |
| Float | 208.86M |
| Short % of Float | +3.56% |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Leadership (EXR)
Extra Space Storage Inc. is led by Joseph Daniel Margolis, CEO & Director, per Nexqual as of October 23, 2026 at 09:24 UTC.
| CEO & Director | Joseph Daniel Margolis |
|---|---|
| President | W. Noah Springer |
| Executive VP & CFO | Jeffrey Norman |
| Executive VP & COO | Matthew T. Herrington |
| Senior Vice President of Operations | Timothy Arthurs |
Major Backers & Investors (EXR)
Notable institutional backers of Extra Space Storage Inc. include Cohen & Steers Inc., NORGES BANK, Capital Group, according to Nexqual as of October 23, 2026 at 09:24 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Cohen & Steers Inc. | 6.1% |
| NORGES BANK | 4.4% |
| Capital Group | 2.98% |
| Principal Financial Group, Inc. | 2.87% |
| FMR, LLC | 2.41% |
| Fidelity | 1.3% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 15.35% |
| BlackRock | 10.86% |
| State Street | 6.42% |
| Geode Capital | 2.91% |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| PSA | Public Storage | USD 309.13 | ▲ 3.63% |
| EGP | EastGroup Properties, Inc. | USD 202.7 | ▼ 0.3% |
| CUBE | CubeSmart | USD 40.15 | ▲ 3.05% |
| LINE | Lineage, Inc. | USD 35.09 | ▲ 2.42% |
| REXR | Rexford Industrial Realty, Inc. | USD 36.28 | ▼ 1.41% |
| PLD | Prologis, Inc. | USD 126.66 | ▼ 0.74% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:24 UTC. This page is informational and not investment advice.
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