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 $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
EXR Analyst Ratings
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 |
---|---|---|---|---|---|---|
Sep 09, 2024 | Todd Thomas | National Bank | $178.00 | $175.84 | 1.23% | 0.06% |
Aug 16, 2024 | Ki Bin Kim | Truist Financial | $167.00 | $165.93 | 0.65% | -6.13% |
Aug 05, 2024 | Jeff Spector | Bank of America Securities | $155.00 | $158.74 | -2.36% | -12.87% |
Jul 19, 2024 | Nicholas Yulico | Scotiabank | $159.00 | $165.44 | -3.89% | -10.62% |
Jun 30, 2023 | Ronald Kamdem | Morgan Stanley | $74.00 | $147.80 | -49.93% | -58.40% |
Aug 15, 2022 | Ki Bin Kim | Truist Financial | $225.00 | $213.79 | 5.24% | 26.48% |
Nov 01, 2021 | Caitlin Burrows | Goldman Sachs | $237.00 | $194.43 | 21.89% | 33.22% |
Oct 29, 2021 | Keegan Carl | Berenberg Bank | $221.00 | $194.71 | 13.50% | 24.23% |
Jul 01, 2021 | Smedes Rose | Citigroup | $175.00 | $161.60 | 8.29% | -1.63% |
May 28, 2021 | Todd Stender | Wells Fargo | $160.00 | $145.88 | 9.68% | -10.06% |
Extra Space Storage Price Target by Period
1M | 3M | 12M | |
---|---|---|---|
# Anlaysts | 2 | 4 | 4 |
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% |
Analyst Ratings Upgrades/Downgrades
Date | Company | Previous Rating | New Rating | Rating Change |
---|---|---|---|---|
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 |
Aug 05, 2024 | Bank of America Securities | - | Underperform | Downgrade |
Jul 23, 2024 | Raymond James | Outperform | Outperform | Hold |
Jul 19, 2024 | Scotiabank | Underperform | Underperform | Hold |
Jul 19, 2024 | Scotiabank | Sector Underperform | Sector Underperform | Hold |
Jun 07, 2024 | Wells Fargo | Neutral | Neutral | Hold |
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 | $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 |
# Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 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 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 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 | $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% |
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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 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 | $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 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 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 | $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 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 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 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 | $1.38 | $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% |
Extra Space Storage Peer Comparison by Price Target
Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
---|---|---|---|---|---|
LXP | LXP Industrial Trust | $10.16 | $14.00 | 37.80% | Buy |
PLD | Prologis | $129.98 | $145.67 | 12.07% | Buy |
COLD | Americold Realty Trust | $29.02 | $32.25 | 11.13% | Buy |
PLYM | Plymouth Industrial REIT | $23.10 | $25.40 | 9.96% | Buy |
REXR | Rexford Industrial Realty | $50.59 | $54.00 | 6.74% | Buy |
IIPR | Innovative Industrial Properties | $129.16 | $136.67 | 5.81% | Hold |
NSA | National Storage Affiliates Trust | $47.66 | $49.00 | 2.81% | Hold |
EGP | EastGroup Properties | $187.50 | $189.60 | 1.12% | Buy |
STAG | STAG Industrial | $40.04 | $39.69 | -0.87% | Buy |
LSI | Life Storage | $133.10 | $131.14 | -1.47% | Buy |
EXR | Extra Space Storage | $177.90 | $169.56 | -4.69% | Buy |
PSA | Public Storage | $359.16 | $333.09 | -7.26% | Buy |
CUBE | CubeSmart | $54.00 | $48.88 | -9.48% | Buy |
EXR Forecast FAQ
Is Extra Space Storage a good buy?
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.
What is EXR's price target?
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.
Will Extra Space Storage stock go up soon?
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.
Can Extra Space Storage stock reach $300?
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.
What is Extra Space Storage's current price target trend?
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.
What are Extra Space Storage's analysts' financial forecasts?
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).
Did the EXR's actual financial results beat the analysts' financial forecasts?
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%