
EXR Stock Forecast & Price Target
EXR Analyst Ratings
Bulls say
Extra Space Storage is a strong investment choice due to several factors including the potential for a recovery in storage pricing power, potential increase in storage demand from a reversal of current housing trends, decrease in supply of competing storage products, strong external growth opportunities through acquisitions and third-party management wins, and a high-quality asset base. With a highly capable management team, attractive access to debt capital, and a unique external growth pipeline, Extra Space Storage presents a low-risk investment opportunity with potential for strong returns and earnings growth in the long-term. Additionally, the current valuation shows potential for a 10.4% total return and a projected dividend yield of 4.8%.
Bears say
Extra Space Storage is facing several challenges that could hinder its future growth and profitability. These include stricter pricing restrictions in its biggest market, moderate move-in rate growth, and a gradual compression of the move-out/move-in spread. Additionally, there are concerns regarding the company's use of capital, potential competition in its third-party management business, and the impact of regulatory changes on the self-storage industry. Overall, these factors contribute to a negative outlook for the company's stock.
This aggregate rating is based on analysts' research of Extra Space Storage and is not a guaranteed prediction by Public.com or investment advice.
EXR Analyst Forecast & Price Prediction
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