Extra Space Storage (EXR)
Owns and manages U.S. self-storage facilities, with tenant reinsurance and bridge lending.
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Owns, operates and manages U.S. self-storage facilities, earning mainly month-to-month rent plus tenant reinsurance, management fees and bridge-loan income. A broad third-party management network extends its operating platform and supplies potential acquisition opportunities.
Owns, operates and manages self-storage properties across the United States, offering month-to-month units for personal and business use under the Extra Space brand. The portfolio spans wholly owned stores, joint ventures and facilities managed for third-party owners.
Extends its operating platform through ManagementPlus, while a bridge-lending program finances managed properties and can create future management or acquisition opportunities. Tenant insurance is offered through an unaffiliated insurer, with a wholly owned subsidiary reinsuring the policies and assuming their loss risk.
Centralized pricing, digital marketing and customer-service systems support store operations across the network. Results depend on occupancy, rental rates and new supply in local markets; facilities and related services remain subject to lien-sale, rent, insurance and real-estate brokerage rules.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Evercore ISI | Target | Target: $149 | Target: $146 |
| Sep 2, 2026 | Mizuho Securities | Target | Target: $155 | Target: $152 |
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $158 | Target: $157 |
| Aug 27, 2026 | BMO Capital | Upgrade | Target: $160 | Target: $170 |
| Aug 24, 2026 | BMO Capital | Reiterate | Rating: —Target: — | Target: $160 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $695.2M · Total debt $14.41B · Total assets $29.66B · Shareholders' equity $13.26B
- Revenue
- $874.2M
- Operating income
- $392.2M
- Net income
- $263.5M
HistoryDividendAnnual yield
| Institutions | 99.06% | 209.28M shares | |
|---|---|---|---|
| 822 holders · as of Jun 30, 2026 | |||
| Insiders | 0.87% | 1.84M shares | |
| 20 holders · as of Aug 5, 2026 | |||
| Other | 0.07% | 149.2K shares | |
| remainder | |||
211.27M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.86% | 22.95M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.81% | 18.62M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.54% | 13.81M | as of Jun 30, 2026 |
State Street CorpInstitution | 6.42% | 13.56M | as of Jun 30, 2026 |
Cohen & Steers, Inc.Institution | 6.10% | 12.90M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 11, 2026 | Gwyn Goodson McNeal | officer: EVP/Chief Legal Officer | −3,300 | $150.00 |
| Mar 13, 2026 | Joseph D. Margolis | director, officer: Chief Executive Officer | −7,500 | $142.08 |
| Oct 1, 2025 | Joseph D. Margolis | director, officer: Chief Executive Officer | −7,500 | $141.41 |
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CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Extra Space Storage | $134.99 | +0.02% | $29.04B | 30.8 | 28.9 | 8.5 | +3.9% |
| Public Storage | $292.18 | +0.85% | $55.32B | 28.3 | 29.2 | 11.3 | +2.7% |
| CubeSmart | $38.70 | +0.34% | $8.99B | 27.4 | 24.7 | 7.9 | +1.5% |
| U-Haul | $62.07 | −0.13% | $12.40B | 333.8 | 45.3 | 2.0 | +3.2% |
| SmartStop Self Storage REIT | $32.44 | −0.18% | $1.81B | 63.9 | 64.1 | 11.3 | +8.1% |
| Median | 46.1 | 37.2 | 9.6 | +2.9% |