Extra Space Storage (EXR) Stock Forecast, Price Target & Predictions
EXR Stock Forecast
Extra Space Storage stock forecast is as follows: an average price target of $174.09 (represents a 5.48% upside from EXR’s last price of $165.04) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
EXR Price Target
The average price target for Extra Space Storage (EXR) is $174.09 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $237.00 to $74.00. This represents a potential 5.48% upside from EXR's last price of $165.04.
EXR Analyst Ratings
According to 11 Wall Street analysts, Extra Space Storage's rating consensus is 'Buy'. The analyst rating breakdown for EXR stock is 0 'Strong Buy' (0.00%), 7 'Buy' (63.64%), 4 'Hold' (36.36%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Extra Space Storage Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 21, 2024 | Eric Luebchow | Wells Fargo | $175.00 | $171.28 | 2.17% | 6.03% |
| Sep 18, 2024 | Jonathan Petersen | Jefferies | $204.00 | $178.78 | 14.11% | 23.61% |
| Sep 16, 2024 | Steve Sakwa | Evercore ISI | $170.00 | $177.47 | -4.21% | 3.01% |
| Sep 09, 2024 | Todd Thomas | National Bank | $178.00 | $175.84 | 1.23% | 7.85% |
| Aug 16, 2024 | Ki Bin Kim | Truist Financial | $167.00 | $165.93 | 0.65% | 1.19% |
| Aug 05, 2024 | Jeff Spector | Bank of America Securities | $155.00 | $158.74 | -2.36% | -6.08% |
| Jul 19, 2024 | Nicholas Yulico | Scotiabank | $159.00 | $165.44 | -3.89% | -3.66% |
| Jun 30, 2023 | Ronald Kamdem | Morgan Stanley | $74.00 | $147.80 | -49.93% | -55.16% |
| Aug 15, 2022 | Ki Bin Kim | Truist Financial | $225.00 | $213.79 | 5.24% | 36.33% |
| Nov 01, 2021 | Caitlin Burrows | Goldman Sachs | $237.00 | $194.43 | 21.89% | 43.60% |
The latest Extra Space Storage stock forecast, released on Oct 21, 2024 by Eric Luebchow from Wells Fargo, set a price target of $175.00, which represents a 2.17% increase from the stock price at the time of the forecast ($171.28), and a 6.03% increase from EXR last price ($165.04).
Extra Space Storage Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 4 | 7 |
| Avg Price Target | $175.00 | $181.75 | $172.57 |
| Last Closing Price | $165.04 | $165.04 | $165.04 |
| Upside/Downside | 6.03% | 10.12% | 4.56% |
In the current month, the average price target of Extra Space Storage stock is $175.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 6.03% increase as opposed to Extra Space Storage's last price of $165.04. This month's average price target is down -3.71% compared to last quarter, and up 1.41% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Wells Fargo | Neutral | Equal-Weight | Downgrade |
| Sep 18, 2024 | Barclays | Overweight | Equal-Weight | Upgrade |
| Sep 18, 2024 | RBC Capital | Sector Perform | Outperform | Upgrade |
| Sep 18, 2024 | Jefferies | - | Buy | Upgrade |
| Sep 16, 2024 | Evercore ISI | Positive | Positive | Hold |
| Sep 09, 2024 | RBC Capital | - | Sector Perform | Initialise |
| Sep 09, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Aug 22, 2024 | Scotiabank | Underperform | Underperform | Hold |
| Aug 22, 2024 | Barclays | Overweight | Overweight | Hold |
| Aug 07, 2024 | Goldman Sachs | Buy | Buy | Hold |
Extra Space Storage's last stock rating was published by Wells Fargo on Oct 21, 2024. The company Downgrade its EXR rating from "Neutral" to "Equal-Weight".
Extra Space Storage Financial Forecast
Extra Space Storage Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $797.77M | $748.03M | $511.39M | $503.05M | $506.72M | $498.90M | $474.99M | $443.56M | $427.38M | $412.49M | $378.63M | $358.86M | $353.49M | $343.02M | $327.25M | $332.45M | $335.80M | $337.50M |
| Avg Forecast | $815.14M | $825.43M | $806.26M | $784.00M | $850.56M | $856.34M | $837.91M | $821.85M | $820.77M | $826.93M | $815.52M | $794.80M | $778.05M | $713.55M | $533.27M | $514.02M | $509.22M | $497.43M | $478.52M | $438.79M | $421.00M | $398.62M | $373.23M | $360.94M | $345.35M | $331.65M | $326.22M | $333.40M | $332.16M | $328.88M |
| High Forecast | $834.65M | $845.19M | $825.56M | $802.76M | $870.92M | $876.84M | $857.97M | $824.99M | $827.57M | $828.91M | $815.52M | $795.81M | $801.57M | $729.92M | $546.03M | $526.33M | $521.41M | $497.43M | $478.52M | $438.79M | $421.00M | $398.62M | $373.23M | $360.94M | $345.35M | $331.65M | $326.22M | $333.40M | $332.16M | $328.88M |
| Low Forecast | $804.00M | $814.16M | $795.25M | $773.29M | $838.94M | $844.64M | $826.47M | $817.59M | $810.66M | $824.96M | $815.52M | $793.78M | $761.59M | $697.18M | $525.98M | $507.00M | $502.27M | $497.43M | $478.52M | $438.79M | $421.00M | $398.62M | $373.23M | $360.94M | $345.35M | $331.65M | $326.22M | $333.40M | $332.16M | $328.88M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 6 | 4 | 4 | 7 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.05% | 0.96% | 0.98% | 1.00% | 1.00% | 0.99% | 1.01% | 1.02% | 1.03% | 1.01% | 0.99% | 1.02% | 1.03% | 1.00% | 1.00% | 1.01% | 1.03% |
Extra Space Storage's average Quarter revenue forecast for Mar 24 based on 3 analysts is $794.80M, with a low forecast of $793.78M, and a high forecast of $795.81M. EXR's average Quarter revenue forecast represents a -0.37% decrease compared to the company's last Quarter revenue of $797.77M (Dec 23).
Extra Space Storage EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 6 | 4 | 4 | 7 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $542.16M | $210.84M | $386.76M | $371.77M | $377.81M | $370.55M | $357.20M | $331.30M | $380.19M | $296.23M | $273.18M | $306.43M | $257.61M | $219.15M | $204.38M | $211.20M | $215.77M | $216.28M |
| Avg Forecast | $553.33M | $560.32M | $547.30M | $532.19M | $577.37M | $581.29M | $568.79M | $557.88M | $557.15M | $561.33M | $553.58M | $338.28M | $528.15M | $484.37M | $361.99M | $307.53M | $262.88M | $348.60M | $335.36M | $279.57M | $295.05M | $279.35M | $261.56M | $153.21M | $242.02M | $232.42M | $228.62M | $191.75M | $232.78M | $230.48M |
| High Forecast | $566.57M | $573.73M | $560.40M | $544.93M | $591.19M | $595.21M | $582.40M | $560.02M | $561.77M | $562.68M | $553.58M | $405.94M | $544.12M | $495.48M | $370.65M | $369.04M | $315.45M | $348.60M | $335.36M | $335.49M | $295.05M | $279.35M | $261.56M | $183.86M | $242.02M | $232.42M | $228.62M | $230.10M | $232.78M | $230.48M |
| Low Forecast | $545.77M | $552.66M | $539.83M | $524.92M | $569.48M | $573.35M | $561.02M | $554.99M | $550.29M | $559.99M | $553.58M | $270.63M | $516.98M | $473.26M | $357.04M | $246.03M | $210.30M | $348.60M | $335.36M | $223.66M | $295.05M | $279.35M | $261.56M | $122.57M | $242.02M | $232.42M | $228.62M | $153.40M | $232.78M | $230.48M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 0.44% | 1.07% | 1.21% | 1.44% | 1.06% | 1.07% | 1.19% | 1.29% | 1.06% | 1.04% | 2.00% | 1.06% | 0.94% | 0.89% | 1.10% | 0.93% | 0.94% |
3 analysts predict EXR's average Quarter EBITDA for Mar 24 to be $338.28M, with a high of $405.94M and a low of $270.63M. This is -37.60% lower than Extra Space Storage's previous annual EBITDA (Dec 23) of $542.16M.
Extra Space Storage Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 6 | 4 | 4 | 7 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $216.13M | $188.35M | $202.41M | $196.30M | $204.26M | $220.72M | $232.13M | $203.58M | $283.86M | $188.28M | $167.95M | $203.00M | $156.06M | $114.63M | $102.91M | $108.18M | $112.28M | $108.09M |
| Avg Forecast | $278.27M | $291.70M | $275.02M | $252.93M | $256.41M | $260.12M | $250.79M | $233.62M | $237.13M | $245.52M | $227.83M | $217.14M | $266.62M | $97.28M | $333.42M | $197.40M | $185.60M | $336.77M | $312.08M | $179.45M | $297.27M | $263.85M | $227.97M | $101.50M | $192.87M | $169.67M | $154.27M | $98.22M | $172.66M | $170.54M |
| High Forecast | $286.93M | $300.78M | $283.58M | $260.81M | $264.39M | $268.22M | $258.60M | $240.66M | $239.47M | $248.66M | $227.85M | $260.56M | $270.56M | $97.33M | $343.80M | $236.88M | $222.72M | $336.77M | $312.08M | $215.34M | $297.27M | $264.02M | $234.98M | $121.80M | $192.87M | $169.67M | $154.27M | $117.86M | $172.66M | $170.54M |
| Low Forecast | $273.33M | $286.52M | $270.14M | $248.44M | $251.85M | $255.50M | $246.34M | $227.75M | $232.43M | $242.38M | $227.81M | $173.71M | $262.68M | $97.23M | $327.50M | $157.92M | $148.48M | $336.77M | $312.08M | $143.56M | $297.27M | $263.67M | $220.97M | $81.20M | $192.87M | $169.67M | $154.27M | $78.57M | $172.66M | $170.54M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% | 1.94% | 0.61% | 0.99% | 1.10% | 0.66% | 0.74% | 1.13% | 0.95% | 0.71% | 0.74% | 2.00% | 0.81% | 0.68% | 0.67% | 1.10% | 0.65% | 0.63% |
Extra Space Storage's average Quarter net income forecast for Mar 24 is $217.14M, with a range of $173.71M to $260.56M. EXR's average Quarter net income forecast represents a 0.46% increase compared to the company's last Quarter net income of $216.13M (Dec 23).
Extra Space Storage SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 6 | 4 | 4 | 7 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $39.40M | $37.41M | $34.84M | $34.76M | $35.96M | $32.27M | $31.25M | $29.76M | $27.92M | $24.39M | $26.34M | $23.54M | $24.35M | $23.89M | $25.34M | $78.29M | $75.61M | $78.57M |
| Avg Forecast | $53.59M | $54.27M | $53.00M | $51.54M | $55.92M | $56.30M | $55.09M | $54.03M | $53.96M | $54.36M | $53.61M | $31.74M | $51.15M | $46.91M | $35.06M | $28.86M | $19.30M | $32.70M | $31.46M | $26.23M | $27.68M | $26.21M | $24.54M | $11.77M | $22.70M | $21.80M | $21.45M | $71.08M | $21.84M | $21.62M |
| High Forecast | $54.87M | $55.56M | $54.27M | $52.77M | $57.26M | $57.64M | $56.40M | $54.24M | $54.41M | $54.49M | $53.61M | $38.09M | $52.70M | $47.99M | $35.90M | $34.63M | $23.16M | $32.70M | $31.46M | $31.48M | $27.68M | $26.21M | $24.54M | $14.12M | $22.70M | $21.80M | $21.45M | $85.29M | $21.84M | $21.62M |
| Low Forecast | $52.86M | $53.52M | $52.28M | $50.84M | $55.15M | $55.53M | $54.33M | $53.75M | $53.29M | $54.23M | $53.61M | $25.40M | $50.07M | $45.83M | $34.58M | $23.09M | $15.44M | $32.70M | $31.46M | $20.99M | $27.68M | $26.21M | $24.54M | $9.42M | $22.70M | $21.80M | $21.45M | $56.86M | $21.84M | $21.62M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 0.80% | 0.99% | 1.20% | 1.86% | 0.99% | 0.99% | 1.13% | 1.01% | 0.93% | 1.07% | 2.00% | 1.07% | 1.10% | 1.18% | 1.10% | 3.46% | 3.63% |
Extra Space Storage's average Quarter SG&A projection for Mar 24 is $31.74M, based on 3 Wall Street analysts, with a range of $25.40M to $38.09M. The forecast indicates a -19.43% fall compared to EXR last annual SG&A of $39.40M (Dec 23).
Extra Space Storage EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 3 | 3 | 6 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 6 | 4 | 4 | 7 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $0.98 | $1.04 | $1.50 | $1.46 | $1.52 | $1.65 | $1.73 | $1.52 | $2.12 | $1.41 | $1.25 | $1.54 | $1.20 | $0.89 | $0.80 | $0.84 | $0.87 | $0.84 |
| Avg Forecast | $1.26 | $1.32 | $1.25 | $1.15 | $1.16 | $1.18 | $1.14 | $1.06 | $1.08 | $1.11 | $1.03 | $0.99 | $1.21 | $0.44 | $1.51 | $1.41 | $1.46 | $1.59 | $1.47 | $1.35 | $1.40 | $1.25 | $1.08 | $1.03 | $0.91 | $0.80 | $0.73 | $0.76 | $0.82 | $0.81 |
| High Forecast | $1.30 | $1.37 | $1.29 | $1.18 | $1.20 | $1.22 | $1.17 | $1.09 | $1.09 | $1.13 | $1.03 | $0.99 | $1.23 | $0.44 | $1.56 | $1.42 | $1.51 | $1.59 | $1.47 | $1.39 | $1.40 | $1.25 | $1.11 | $1.03 | $0.91 | $0.80 | $0.73 | $0.76 | $0.82 | $0.81 |
| Low Forecast | $1.24 | $1.30 | $1.23 | $1.13 | $1.14 | $1.16 | $1.12 | $1.03 | $1.06 | $1.10 | $1.03 | $0.99 | $1.19 | $0.44 | $1.49 | $1.39 | $1.44 | $1.59 | $1.47 | $1.31 | $1.40 | $1.25 | $1.04 | $1.03 | $0.91 | $0.80 | $0.73 | $0.76 | $0.82 | $0.81 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% | 2.36% | 0.99% | 1.04% | 1.04% | 1.04% | 1.17% | 1.12% | 1.51% | 1.13% | 1.16% | 1.50% | 1.32% | 1.11% | 1.10% | 1.11% | 1.07% | 1.04% |
According to 3 Wall Street analysts, Extra Space Storage's projected average Quarter EPS for Mar 24 is $0.99, with a low estimate of $0.99 and a high estimate of $0.99. This represents a 1.27% increase compared to EXR previous annual EPS of $0.98 (Dec 23).
Extra Space Storage Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| COLD | Americold Realty Trust | $22.81 | $32.25 | 41.39% | Buy |
| PLYM | Plymouth Industrial REIT | $18.73 | $25.80 | 37.75% | Buy |
| LXP | LXP Industrial Trust | $9.18 | $12.50 | 36.17% | Buy |
| IIPR | Innovative Industrial Properties | $105.30 | $136.00 | 29.15% | Hold |
| REXR | Rexford Industrial Realty | $42.68 | $54.00 | 26.52% | Buy |
| PLD | Prologis | $114.54 | $142.87 | 24.73% | Buy |
| EGP | EastGroup Properties | $171.01 | $191.00 | 11.69% | Buy |
| NSA | National Storage Affiliates Trust | $43.90 | $49.00 | 11.62% | Hold |
| STAG | STAG Industrial | $35.99 | $39.69 | 10.28% | Buy |
| CUBE | CubeSmart | $48.31 | $52.00 | 7.64% | Buy |
| EXR | Extra Space Storage | $165.04 | $174.09 | 5.48% | Buy |
| PSA | Public Storage | $332.86 | $336.91 | 1.22% | Buy |
| LSI | Life Storage | $133.10 | $131.14 | -1.47% | Buy |