Valued at a market cap of $31.9 billion, Extra Space Storage Inc. (EXR) is a self-administered and self-managed real estate investment trust (REIT). Headquartered in Salt Lake City, Utah, the company owns, operates, manages, provides lending to, acquires, develops, and redevelops self-storage properties (stores).
Companies valued at $10 billion or more are generally classified as “large-cap” stocks, and Extra Space Storage fits this description perfectly. The company is the largest operator of self-storage properties in the country and offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage, and business storage.
EXR stock has declined 18.6% from its 52-week high of $184.87. Extra Space Storage stock has gained marginally over the past three months, lagging behind the broader Nasdaq Composite ($NASX), which increased 11.4% during the same period.
In the longer term, EXR stock is up marginally on a YTD basis, underperforming NASX's 1.8% return. Additionally, shares of Extra Space Storage have dropped 2.8% over the past 52 weeks, compared to NASX’s 11.7% rise over the same period.
The stock has been trading below its 200-day moving average since mid-December last year. However, it has risen above its 50-day moving average since May.
Shares of EXR rose 3.6% following the release of its Q1 2025 earnings on Apr. 29. The company reported revenues of $820 million, reflecting a 2% year-over-year increase, though slightly below Street forecasts. Its core FFO came in at $2 per share, up 2% from the year-ago quarter and surpassing analysts’ estimates of $1.96.
In addition, EXR expanded its portfolio by acquiring 12 operating stores for approximately $153.8 million and added six more properties through a JV transaction involving the exchange of ownership interest in 17 properties.
Compared to its rival, CubeSmart (CUBE) has outperformed EXR stock. CUBE stock has decreased marginally over the past 52 weeks and has risen 1.2% on a YTD basis.
While EXR has underperformed relative to the Nasdaq Composite over the past year, analysts are moderately optimistic about its prospects. Among the 20 analysts covering the stock, there is a consensus rating of “Moderate Buy,” and it is currently trading below the mean price target of $163.28.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
