Extra Space Storage (EXR) is trading up at $137.69 (+2.69%) on NYSE/NASDAQ, as of the latest quote. It is a S&P 500 constituent in the Real Estate sector.
Analyst price targets on EXR
Current price targets from 2 firms average $167, ranging from $163 to $170 — 21% above the current $138. Each is tracked to its date and scored the same way a member's call is.
- BMO Capital Markets $143 → $170 by Aug 2027 Aug 27, 2026 via Investing.com · BMO Capital Markets's track record
- UBS $153 → $163 by Jul 2027 Jul 29, 2026 via Investing.com · UBS's track record
Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.
Extra Space Storage revenue & net income history (FY2016–FY2025)
| FY2016Dec 2016 | FY2017Dec 2017 | FY2018Dec 2018 | FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $991.9M | $1.11B | $1.20B | $1.31B | $1.36B | $1.58B | $1.92B | $2.56B | $3.26B | $3.38B |
| Growth (year over year) | — | +11.4% | +8.3% | +9.3% | +3.6% | +16.3% | +22.0% | +33.1% | +27.2% | +3.7% |
| Gross profit | $741.9M | $833.0M | $904.9M | $972.4M | $995.6M | $1.21B | $1.49B | $1.95B | $2.43B | $2.46B |
| Gross margin | 74.8% | 75.4% | 75.6% | 74.3% | 73.4% | 76.6% | 77.4% | 76.1% | 74.5% | 72.8% |
| Operating income | $458.3M | $654.4M | $619.7M | $635.0M | $666.1M | $976.0M | $1.05B | $1.17B | $1.32B | $1.41B |
| Operating margin | 46.2% | 59.2% | 51.8% | 48.5% | 49.1% | 61.9% | 54.6% | 45.7% | 40.6% | 41.8% |
| Net income | $366.1M | $479.0M | $415.3M | $420.0M | $481.8M | $827.6M | $860.7M | $803.2M | $854.7M | $974.0M |
| Net margin | 36.9% | 43.3% | 34.7% | 32.1% | 35.5% | 52.5% | 44.7% | 31.4% | 26.2% | 28.8% |
| EPS (diluted) | $2.91 | $3.76 | $3.27 | $3.24 | $3.71 | $6.19 | $6.41 | $4.74 | $4.03 | $4.59 |
| Balance sheet | ||||||||||
| Cash and equivalents | $43.9M | $55.7M | $57.5M | $65.7M | $109.1M | $71.1M | $92.9M | $99.1M | $138.2M | $138.9M |
| Total assets | $7.09B | $7.46B | $7.85B | $8.53B | $9.40B | $10.5B | $12.2B | $27.5B | $28.8B | $29.3B |
| Total liabilities | $4.50B | $4.74B | $5.06B | $5.61B | $6.46B | $6.69B | $8.09B | $12.0B | $14.0B | $14.9B |
| Long-term debt | — | $604.3M | — | — | — | — | — | — | — | — |
| Shareholders' equity | $2.24B | $2.35B | $2.41B | $2.54B | $2.55B | $3.12B | $3.26B | $14.4B | $13.9B | $13.4B |
| Cash flow | ||||||||||
| Operating cash flow | $539.3M | $597.4M | $677.8M | $707.7M | $771.2M | $952.4M | $1.24B | $1.40B | $1.89B | $1.85B |
| Capital expenditure | — | — | — | — | — | — | $1.19B | $135.6M | $479.1M | $561.7M |
| Free cash flow | — | — | — | — | — | — | $44.9M | $1.27B | $1.41B | $1.29B |
| Dividends paid | $367.8M | $393.0M | $424.9M | $458.1M | $467.8M | $601.0M | $805.3M | $1.05B | $1.38B | $1.37B |
| Share buybacks | — | — | $0 | $0 | $67.9M | $0 | $63.0M | $0 | $0 | $149.5M |
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $824.8M | $821.9M | $820.0M | $841.6M | $858.5M | $857.5M | $856.0M | $874.2M |
| Growth (year over year) | +10.3% | +3.0% | +2.6% | +3.8% | +4.1% | +4.3% | +4.4% | +3.9% |
| Gross profit | $615.8M | $600.8M | $596.4M | $614.0M | $623.0M | $626.0M | $617.7M | $642.4M |
| Gross margin | 74.7% | 73.1% | 72.7% | 73.0% | 72.6% | 73.0% | 72.2% | 73.5% |
| Operating income | $302.7M | $380.0M | $388.7M | $374.0M | $279.1M | $370.9M | $367.6M | $392.2M |
| Operating margin | 36.7% | 46.2% | 47.4% | 44.4% | 32.5% | 43.3% | 42.9% | 44.9% |
| Net income | $193.2M | $262.5M | $270.9M | $249.7M | $166.0M | $287.4M | $241.0M | $263.5M |
| Net margin | 23.4% | 31.9% | 33.0% | 29.7% | 19.3% | 33.5% | 28.2% | 30.1% |
| EPS (diluted) | $0.91 | $1.23 | $1.28 | $1.18 | $0.78 | $1.35 | $1.14 | $1.25 |
| Balance sheet | ||||||||
| Cash and equivalents | $88.9M | $138.2M | $119.6M | $125.0M | $111.9M | $138.9M | $139.0M | $695.2M |
| Total assets | $28.1B | $28.8B | $29.0B | $29.4B | $29.2B | $29.3B | $29.1B | $29.7B |
| Total liabilities | $13.1B | $14.0B | $14.2B | $14.7B | $14.7B | $14.9B | $14.9B | $15.5B |
| Shareholders' equity | $14.0B | $13.9B | $13.9B | $13.8B | $13.6B | $13.4B | $13.3B | $13.3B |
| Cash flow | ||||||||
| Operating cash flow | $468.4M | $408.3M | $481.4M | $543.9M | $457.1M | $367.8M | $489.9M | $586.4M |
| Capital expenditure | $158.2M | $258.1M | $117.1M | $161.7M | $12.9M | $270.0M | $12.4M | $86.8M |
| Free cash flow | $310.1M | $150.2M | $364.3M | $382.1M | $444.2M | $97.8M | $477.5M | $499.6M |
| Dividends paid | $343.4M | $344.0M | $344.2M | $343.9M | $343.8M | $342.4M | $342.8M | $342.0M |
| Share buybacks | $0 | $0 | $0 | $8.62M | $0 | $140.9M | $1.44M | $0 |
From Extra Space Storage's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About Extra Space Storage
Extra Space Storage Inc. is an American real estate investment trust headquartered in Salt Lake City, Utah that invests in self storage facilities. The company rents storage units, including climate controlled units, drive-up units, lockers, boat storage, RV storage and business storage under the brands Extra Space Storage, Life Storage, and Storage Express. As of April 29, 2025 the company owned and/or operated 3,714 locations in 43 states, and Washington, D.C. comprising approximately 2.6 million units 283.4 million square feet of net rentable space. It is the largest owner of self storage units in the United States and the largest self storage property manager.
Source: Wikipedia — Extra Space Storage
- Headquarters
- Salt Lake City, Utah From SEC filings, Oct 2026
Recent News (11)
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Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 3rd Quarter Results SALT LAKE CITY, Oct. 2, 2026 /PRNewswire/ -- Extra Space Storage Inc. (the "Company") (NYSE: EXR) announced today it will release financial results for the three and nine months ended September 30, 20…
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Extra Space Storage: A Great REIT At The Wrong Time Extra Space Storage: A Great REIT At The Wrong Time Seeking Alpha
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Is Extra Space Storage Stock Underperforming the Nasdaq?
Is Extra Space Storage Stock Underperforming the Nasdaq?
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BMO upgrades Extra Space Storage stock rating on improving supply
BMO upgrades Extra Space Storage stock rating on improving supply
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Extra (EXR) Latest Quarter: EPS Lands Above Forecast; Market Response: Shares Move 0.94% Lower in Latest Trading - Capex Guidance Extra (EXR) Latest Quarter: EPS Lands Above Forecast; Market Response: Shares Move 0.94% Lower in Latest Trading - Capex Guidance vinanet.vn
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Extra Space Storage Announces Executive Leadership Transition Joe Margolis to Retire; Noah Springer to Become Extra Space Storage's Chief Executive Officer Effective January 1, 2027 SALT LAKE CITY, Aug. 24, 2026 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EX…
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Extra Space Storage CEO Joe Margolis Named One of Glassdoor's Best CEOs of 2026 SALT LAKE CITY, Aug. 12, 2026 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) today announced that CEO Joe Margolis has been named a 2026 Glassdoor Best CEOs Award recipient. The award recognizes…
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Extra Space Storage Inc. Q2 2026 Earnings Call Summary Extra Space Storage Inc. Q2 2026 Earnings Call Summary
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Extra Space Storage Inc. Reports 2026 Second Quarter Results SALT LAKE CITY, July 28, 2026 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a member of the S&P…
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