Extra Space Storage (EXR) Stock Price, Fundamentals & Analysis

What EXR does

Extra Space Storage (EXR) is a self-administered and self-managed REIT and a member of the S&P 500. Headquartered in Salt Lake City, Utah, it is the largest operator of self-storage properties in the United States. As of June 30, 2026, the company owned and/or operated 4,410 self-storage stores across 42 states and Washington, D.C., comprising approximately 3.0 million units and roughly 341.0 million square feet of rentable space under the Extra Space brand. The company offers customers a wide selection of conveniently located and secure storage units, including boat storage, RV storage, and business storage.

Key numbers explained

• 133.84 USD is the latest price, representing a -0.85% change today.
• The trailing P/E ratio of 29.5 compares the current price to the last 12 months of earnings; a higher number can suggest the market expects strong future growth.
• The forward P/E ratio of 27.8 uses expected future earnings, giving a sense of valuation relative to what analysts anticipate.
• 4.54 USD is the trailing 12-month earnings per share, the portion of the company's profit allocated to each share.
• The dividend yield of 4.8% indicates the annual dividend payment as a percentage of the current share price.
• The ex-dividend date is Sep 15, 2026; buying before this date is typically required to receive the next dividend.
• A debt-to-equity ratio of 101.7% means the company's debt is roughly equal to its shareholders' equity, a common level for REITs that use leverage to finance property acquisitions.
• The 52-week price range of 125.71 – 158.88 shows the lowest and highest traded prices over the past year, with the current price near the lower end of that band.

Recent news

• Evercore ISI adjusted its price target on Extra Space Storage to $146 from $152, keeping an In Line rating.
• Mizuho adjusted its price target to $152 from $155, maintaining an Outperform rating.
• Wells Fargo adjusted its price target to $157 from $158, keeping an Overweight rating.
• Other headlines include a new buy stock analysis, a dividend analysis, and a question about whether EXR is underperforming the Nasdaq.

What to watch

As a REIT, Extra Space Storage is sensitive to interest rate movements, which can affect borrowing costs and property valuations. Investors often monitor same-store revenue growth and occupancy trends to gauge the health of the self-storage market. The company's large portfolio across 42 states means regional economic conditions and consumer spending on storage can influence results. Regulatory changes affecting real estate taxation or REIT qualification rules are also relevant. For comparison, peers such as Kimco Realty (KIM), Crown Castle (CCI), Regency Centers (REG), and Prologis (PLD) operate in adjacent real estate sectors.