Extra Space Storage (EXR) Stock Forecast, Price Target & Predictions


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EXR Stock Forecast


Extra Space Storage stock forecast is as follows: an average price target of $169.56 (represents a -4.69% downside from EXR’s last price of $177.90) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.

EXR Price Target


The average price target for Extra Space Storage (EXR) is $169.56 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $237.00 to $74.00. This represents a potential -4.69% downside from EXR's last price of $177.90.

EXR Analyst Ratings


Buy

According to 9 Wall Street analysts, Extra Space Storage's rating consensus is 'Buy'. The analyst rating breakdown for EXR stock is 0 'Strong Buy' (0.00%), 5 'Buy' (55.56%), 4 'Hold' (44.44%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Extra Space Storage Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 09, 2024Todd ThomasNational Bank$178.00$175.841.23%0.06%
Aug 16, 2024Ki Bin KimTruist Financial$167.00$165.930.65%-6.13%
Aug 05, 2024Jeff SpectorBank of America Securities$155.00$158.74-2.36%-12.87%
Jul 19, 2024Nicholas YulicoScotiabank$159.00$165.44-3.89%-10.62%
Jun 30, 2023Ronald KamdemMorgan Stanley$74.00$147.80-49.93%-58.40%
Aug 15, 2022Ki Bin KimTruist Financial$225.00$213.795.24%26.48%
Nov 01, 2021Caitlin BurrowsGoldman Sachs$237.00$194.4321.89%33.22%
Oct 29, 2021Keegan CarlBerenberg Bank$221.00$194.7113.50%24.23%
Jul 01, 2021Smedes RoseCitigroup$175.00$161.608.29%-1.63%
May 28, 2021Todd StenderWells Fargo$160.00$145.889.68%-10.06%
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The latest Extra Space Storage stock forecast, released on Sep 09, 2024 by Todd Thomas from National Bank, set a price target of $178.00, which represents a 1.23% increase from the stock price at the time of the forecast ($175.84), and a 0.06% increase from EXR last price ($177.90).

Extra Space Storage Price Target by Period


1M3M12M
# Anlaysts244
Avg Price Target$172.50$164.75$164.75
Last Closing Price$177.90$177.90$177.90
Upside/Downside-3.04%-7.39%-7.39%

In the current month, the average price target of Extra Space Storage stock is $172.50, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -3.04% decrease as opposed to Extra Space Storage's last price of $177.90. This month's average price target is up 4.70% compared to last quarter, and up 4.70% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 09, 2024RBC Capital-Sector PerformInitialise
Sep 09, 2024KeyBancOverweightOverweightHold
Aug 22, 2024ScotiabankUnderperformUnderperformHold
Aug 22, 2024BarclaysOverweightOverweightHold
Aug 07, 2024Goldman SachsBuyBuyHold
Aug 05, 2024Bank of America Securities-UnderperformDowngrade
Jul 23, 2024Raymond JamesOutperformOutperformHold
Jul 19, 2024ScotiabankUnderperformUnderperformHold
Jul 19, 2024ScotiabankSector UnderperformSector UnderperformHold
Jun 07, 2024Wells FargoNeutralNeutralHold
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Extra Space Storage's last stock rating was published by RBC Capital on Sep 09, 2024. The company Initialise its EXR rating from "null" to "Sector Perform".

Extra Space Storage Financial Forecast


Extra Space Storage Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$860.31M$865.05M$851.38M$826.75M$874.18M$877.00M$852.64M$835.89M$828.00M$831.10M$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$947.91M$953.14M$938.08M$910.94M$963.20M$966.31M$939.46M$921.00M$912.32M$831.48M$898.56M$875.73M$801.57M$786.21M$587.57M$566.36M$561.07M$548.08M$500.97M$459.37M$440.75M$417.31M$390.74M$377.87M$361.55M$347.20M$341.53M$349.04M$347.74M$344.31M
Low Forecast$795.54M$799.93M$787.29M$764.52M$808.38M$810.98M$788.45M$772.96M$765.67M$830.76M$754.13M$734.97M$761.59M$659.84M$493.12M$475.33M$470.89M$459.98M$459.53M$421.37M$404.29M$382.79M$358.41M$346.61M$331.64M$318.48M$313.28M$320.17M$318.98M$315.82M
# Analysts444433334543633344443333464474
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 $734.97M, and a high forecast of $875.73M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433334543633344443333464474
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$602.91M$606.24M$596.66M$579.40M$612.64M$614.62M$597.54M$585.80M$580.28M$582.45M$571.52M$338.28M$545.26M$500.07M$373.72M$307.53M$356.87M$277.78M$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$664.31M$667.97M$657.42M$638.40M$675.02M$677.20M$658.38M$645.45M$639.36M$582.71M$629.72M$405.94M$561.75M$550.99M$411.77M$369.04M$393.21M$333.34M$351.09M$335.49M$308.89M$292.46M$273.83M$183.86M$253.38M$243.32M$239.35M$230.10M$243.70M$241.29M
Low Forecast$557.53M$560.60M$551.75M$535.78M$566.52M$568.35M$552.56M$541.70M$536.59M$582.21M$528.50M$270.63M$533.73M$462.42M$345.59M$246.03M$330.00M$222.22M$322.04M$223.66M$283.33M$268.27M$251.18M$122.57M$232.42M$223.20M$219.55M$153.40M$223.54M$221.33M
Surprise %------------0.99%0.42%1.03%1.21%1.06%1.33%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433334543633344443333464474
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$292.41M$292.73M$289.50M$264.89M$254.94M$254.19M$251.51M$233.06M$235.57M$238.09M$218.82M$217.14M$256.08M$93.43M$320.23M$197.40M$309.97M$176.55M$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$331.12M$331.48M$327.82M$299.95M$288.69M$287.84M$284.80M$263.91M$266.76M$241.61M$247.79M$260.56M$259.86M$105.80M$362.63M$236.88M$351.00M$211.86M$331.12M$215.34M$315.40M$279.94M$241.88M$121.80M$204.63M$180.01M$163.67M$117.86M$183.19M$180.94M
Low Forecast$263.80M$264.08M$261.17M$238.96M$229.99M$229.32M$226.90M$210.25M$212.52M$234.57M$197.40M$173.71M$252.29M$84.29M$288.90M$157.92M$279.64M$141.24M$295.98M$143.56M$281.93M$250.23M$216.21M$81.20M$182.91M$160.91M$146.31M$78.57M$163.75M$161.74M
Surprise %------------0.84%2.02%0.63%0.99%0.66%1.25%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433334543633344443333464474
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$56.56M$56.87M$55.97M$54.35M$57.47M$57.66M$56.05M$54.95M$54.43M$54.64M$53.61M$31.74M$51.15M$46.91M$35.06M$28.86M$33.48M$22.88M$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$62.32M$62.66M$61.67M$59.89M$63.32M$63.53M$61.76M$60.55M$59.98M$54.66M$59.07M$38.09M$52.70M$51.69M$38.63M$34.63M$36.89M$27.45M$32.93M$31.48M$28.98M$27.43M$25.69M$14.12M$23.77M$22.83M$22.45M$85.29M$22.86M$22.64M
Low Forecast$52.30M$52.59M$51.76M$50.26M$53.14M$53.32M$51.83M$50.82M$50.34M$54.62M$49.58M$25.40M$50.07M$43.38M$32.42M$23.09M$30.96M$18.30M$30.21M$20.99M$26.58M$25.17M$23.56M$9.42M$21.80M$20.94M$20.60M$56.86M$20.97M$20.76M
Surprise %------------0.77%0.80%0.99%1.20%1.07%1.41%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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433334543633344443333464474
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$1.38$1.38$1.37$1.25$1.20$1.20$1.19$1.10$1.11$1.13$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$1.56$1.57$1.55$1.42$1.36$1.36$1.35$1.25$1.26$1.14$1.17$1.12$1.23$0.50$1.71$1.59$1.66$1.80$1.56$1.44$1.49$1.32$1.14$1.09$0.97$0.85$0.77$0.80$0.87$0.86
Low Forecast$1.25$1.25$1.23$1.13$1.09$1.08$1.07$0.99$1.00$1.11$0.93$0.90$1.19$0.40$1.37$1.27$1.32$1.44$1.40$1.28$1.33$1.18$1.02$0.97$0.86$0.76$0.69$0.72$0.77$0.76
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 $0.90 and a high estimate of $1.12. 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


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
LXPLXP Industrial Trust$10.16$14.0037.80%Buy
PLDPrologis$129.98$145.6712.07%Buy
COLDAmericold Realty Trust$29.02$32.2511.13%Buy
PLYMPlymouth Industrial REIT$23.10$25.409.96%Buy
REXRRexford Industrial Realty$50.59$54.006.74%Buy
IIPRInnovative Industrial Properties$129.16$136.675.81%Hold
NSANational Storage Affiliates Trust$47.66$49.002.81%Hold
EGPEastGroup Properties$187.50$189.601.12%Buy
STAGSTAG Industrial$40.04$39.69-0.87%Buy
LSILife Storage$133.10$131.14-1.47%Buy
EXRExtra Space Storage$177.90$169.56-4.69%Buy
PSAPublic Storage$359.16$333.09-7.26%Buy
CUBECubeSmart$54.00$48.88-9.48%Buy

EXR Forecast FAQ


Yes, according to 9 Wall Street analysts, Extra Space Storage (EXR) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 5 'Buy' recommendations, accounting for 55.56% of EXR's total ratings.

Extra Space Storage (EXR) average price target is $169.56 with a range of $74 to $237, implying a -4.69% from its last price of $177.9. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for EXR stock, the company can go down by -4.69% (from the last price of $177.9 to the average price target of $169.56), up by 33.22% based on the highest stock price target, and down by -58.40% based on the lowest stock price target.

EXR's average twelve months analyst stock price target of $169.56 does not support the claim that Extra Space Storage can reach $300 in the near future.

2 Wall Street analysts forecast a $172.5 price target for Extra Space Storage (EXR) this month, down -3.04% from its last price of $177.9. Compared to the last 3 and 12 months, the average price target decreased by -7.39% and decreased by -7.39%, respectively.

Extra Space Storage's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $3.44B (high $3.79B, low $3.18B), average EBITDA is $2.41B (high $2.66B, low $2.23B), average net income is $993.7M (high $1.13B, low $896.46M), average SG&A $226.13M (high $249.16M, low $209.11M), and average EPS is $4.7 (high $5.32, low $4.24). EXR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $3.4B (high $3.75B, low $3.15B), average EBITDA is $2.39B (high $2.63B, low $2.21B), average net income is $1.14B (high $1.29B, low $1.03B), average SG&A $223.75M (high $246.53M, low $206.91M), and average EPS is $5.39 (high $6.1, low $4.86).

Based on Extra Space Storage's last annual report (Dec 2023), the company's revenue was $2.56B, beating the average analysts forecast of $2.54B by 0.84%. Apple's EBITDA was $1.74B, beating the average prediction of $1.73B by 0.95%. The company's net income was $803.2M, missing the average estimation of $867.14M by -7.37%. Apple's SG&A was $146.41M, missing the average forecast of $161.98M by -9.61%. Lastly, the company's EPS was $4.75, beating the average prediction of $4.57 by 3.93%. In terms of the last quarterly report (Dec 2023), Extra Space Storage's revenue was $797.77M, beating the average analysts' forecast of $778.05M by 2.54%. The company's EBITDA was $542.16M, missing the average prediction of $545.26M by -0.57%. Extra Space Storage's net income was $216.13M, missing the average estimation of $256.08M by -15.60%. The company's SG&A was $39.4M, missing the average forecast of $51.15M by -22.98%. Lastly, the company's EPS was $0.98, missing the average prediction of $1.21 by -19.03%