Extra Space Storage (EXR)
Real Estate · self-storage REITs · NYSE
A leading real estate investment trust specializing in the ownership and management of self-storage facilities across the United States.
What Extra Space Storage does
Extra Space Storage is a self-administered and self-managed real estate investment trust (REIT) that owns, operates, manages, acquires, and develops self-storage properties across the United States. The company derives its revenue primarily from property rentals, tenant reinsurance programs, and third-party management fees for storage facilities.
Themes: self-storage, real estate investment trust (REIT), property management, tenant insurance
Fundamentals
- Price$146.81 as of 2026-08-21 close
- Market cap$31.0B as of 2026-08-21
- 1-year return+5.6% 2025-08-21 close $139.03 → 2026-08-21 close $146.81
- P/E32.70 as of 2026-08-24
- Net margin+27.8% as of 2026-08-24
- Gross margin+70.8% as of 2026-08-24
- ROE+7.1% as of 2026-08-24
- Debt / equity1.03 as of 2026-08-24
- Revenue growth (YoY)+4.2% as of 2026-08-24
- Revenue CAGR (3y)+20.6% SEC XBRL
- Beta1.17 as of 2026-08-24
- Last reported earnings2026-07-28 SEC EDGAR Form 8-K (Item 2.02)
Dividend: yield +5.1%; at least 5 years of non-decreasing per-share dividends (SEC XBRL) — we do not hold the year before it, so the real streak may be longer.
How EXR compares in its sector
- price-to-earnings ratiomiddle range 127 covered Real Estate peers, as of 2026-08-24
- net profit marginmiddle range 161 covered Real Estate peers, as of 2026-08-24
- operating margintop 25% 161 covered Real Estate peers, as of 2026-08-24
- gross marginmiddle range 156 covered Real Estate peers, as of 2026-08-24
- return on equitymiddle range 162 covered Real Estate peers, as of 2026-08-24
- 3-year revenue CAGRtop 10% 155 covered Real Estate peers
- indicated dividend yieldmiddle range 138 covered Real Estate peers, as of 2026-08-24
- free cash flow (absolute dollars, latest fiscal year)top 10% 42 covered Real Estate peers, as of FY2025
Position among covered Real Estate companies that report each metric (minimum 5 peers). A relative position within our covered catalog — not a valuation, quality, or investment judgment. A higher percentile is simply a higher value (for P/E, more expensive on earnings — never "better"). Informational only.
Top 10 scores & list membership
EXR is not currently in any published Top 10 list. Its scores are below.
Long-term score
57.5 #245 of 987 scored · #15 of 84 in Real Estate
Capital return 71st (consecutive years of dividend increases 5 years) and financial health 63rd (free cash flow margin 30.9%, debt to equity 1); weakest is valuation (48th, price to earnings 33.4, price to book 2.3).
Short-term score
44.8 #1138 of 1,704 scored · #49 of 94 in Real Estate
Setup 68th: no fresh 20-day breakout up or down; trend 46th: no clear trend either way (ADX below 20); weakest is volume and participation 17th: trading volume is about normal versus its 30-day average.
Scores as of 21 Aug 2026. Each bar is a percentile: how this company ranked against every company the score ranked, 0–100. A list is a published formula and its output, not a recommendation. Method version 2.
Dividend coverage (FY2025)
Exceeded at least one reported measure. In FY2025, EXR's dividend exceeded at least one reported measure of what it earned or generated (earnings payout 141%, free-cash-flow payout 107%). A payout above 100% in one year is not necessarily unsustainable, but it is not fully covered by that measure.
- Earnings payout141% dividends / net income
- Free-cash-flow payout107% dividends / (operating cash flow − capex)
Coverage derived from reported SEC EDGAR XBRL figures for FY2025 (dividends paid vs. net income and free cash flow, same fiscal year). This describes PAST coverage for one fiscal year — it does not predict whether a dividend will be maintained, raised, or cut, and a one-year payout ratio can be distorted by non-recurring items. Informational only — not financial advice.
How Extra Space Storage looks technically
Extra Space Storage (EXR) is trading 4.4% above its 200-day average, the long-term trend line — a longer-term uptrend. Its 50-day average crossed above its 200-day average about 53 trading days ago — a "golden cross", a bullish long-term signal. There is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 13, below the 25 that marks a real trend). Momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30). MACD, a trend-momentum gauge, turned bearish about 10 trading days ago (its momentum flipped negative). It made a new 20-day high about 18 trading days ago. Day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move.
Trend
8
| Distance from the 200-day | it is trading 4.4% above its 200-day average, the long-term trend line — a longer-term uptrend | +4.4% |
|---|---|---|
| 50-day moving average | its average price over the last 50 trading days — a short-term trend line — is $147.37 | $147.37 |
| 200-day moving average | its average price over the last 200 trading days — the long-term trend line — is $140.62 | $140.62 |
| Swing structure | each recent peak has been higher than the one before it and each dip has been shallower — the pattern chart-watchers call an uptrend, which describes where price has already been and not where it goes next | higher highs and higher lows |
| Last swing turn | its last significant turn was a swing high 23 calendar days ago — the swings before that are what the structure reading is measured on | 23 sessions |
| Wave structure | its recent swings can be read as a completed three-part upward correction — a pullback in the A-B-C shape Elliott-wave chartists use; the labelling fails if price closes above 158.88. It is the only labelling that fits, though not with textbook proportions, and it describes the swings already printed, not what comes next. | possible three-wave upward correction, complete (atypical proportions) |
| Since the 50/200 cross | its 50-day average crossed above its 200-day average about 53 trading days ago — a "golden cross", a bullish long-term signal | 53 sessions |
| Trend strength (14-day ADX) | there is no clear trend right now — the price is choppy (ADX, a 0–100 trend-strength gauge, is 13, below the 25 that marks a real trend) | 12.5 |
Momentum
3
| 14-day RSI | momentum is neutral — its 14-day RSI (a 0–100 momentum gauge) is 47, neither overbought (above 70) nor oversold (below 30) | 47.3 |
|---|---|---|
| Position in its 14-day range | it is trading in the lower half of its 14-day range ($145.34 to $152.14) — its "stochastic" reading is 22 out of 100, where 0 would mean closing exactly at the 14-session low and 100 exactly at the high. This measures WHERE the price sits inside its recent range, which is a different question from the RSI beside it: RSI is a momentum gauge, measuring how FAST the price has been moving, so a stock can drift quietly to the bottom of its range with an ordinary RSI, or fall sharply and still sit in the middle. It has been slipping within that range over the last few sessions. | 21.6 |
| Since the MACD crossed zero | MACD, a trend-momentum gauge, turned bearish about 10 trading days ago (its momentum flipped negative) | 10 sessions |
Range
12
| 52-week high | its highest closing price over the past year (about 252 trading days) was $158.88 | $158.88 |
|---|---|---|
| From the 52-week high | it is 7.6% below its 52-week high (its highest price of the past year) | -7.6% |
| Above the 52-week low | it is 16.8% above its 52-week low (its lowest price of the past year) | +16.8% |
| Below the 52-week high | it is 7.6% below its highest point of the past year | 7.6% |
| Since a 20-day breakout | it made a new 20-day high about 18 trading days ago | 18 sessions |
| Since a 55-day breakout | it made a new 55-day high about 18 trading days ago | 18 sessions |
| All-time high | its highest closing price on record is $228.84 (set on 2021-12-31) | $228.84 |
| Given back of the 52-week move | over the past year its closes ranged ($126.69 to $152.85), and it has given back roughly a quarter of its rise from last year’s low — 23% of it. Chart-watchers call 61.8%-65% given back the "golden pocket" — for this company that is $135.85 to $136.68. It is watched widely enough that orders cluster there, which is the honest reason it matters; it is not a forecast. | 23.1% |
| From the all-time high | it is 35.8% below its all-time high | -35.9% |
| Nearest price level | it is sitting right on a support level at $146.30 — a price it turned at five times since 2025-01-10, most recently on 2026-05-28. Since 2024-08-21 it has 5 such levels below the current price and 6 above. Levels like these describe where the price has reversed or paused before; they are not a forecast of where it will go. | -0.3% |
| All-time low | its lowest closing price on record is $4.93 (set on 2009-03-17) | $4.93 |
| Above the all-time low | it is 2877.9% above its all-time low | +2,878% |
Volatility
5
| Band width vs its own 6 months | day-to-day price swings are unusually narrow versus its own recent history — a "Bollinger squeeze" (in the tightest 1% of the past ~6 months), which often precedes a bigger move | 1st percentile |
|---|---|---|
| Typical daily range | in a typical session it travels about $2.74 between its high and its low — about 1.9% of its price. That is its "average true range" over the last 14 sessions, which also counts the distance from the previous close, so a day that opens well away from yesterday counts as the large move it was | $2.74 |
| Bollinger bands (20-day, ±2σ) | most of its recent trading has stayed between about $145.05 and $152.09 — the "Bollinger bands", a range drawn two standard deviations either side of its 20-day average price, which widens when the stock gets more volatile and narrows when it settles | $145.05 – $148.57 – $152.09 |
| Typical daily range (% of price) | its price moves about 1.9% in a typical session — among the calmest in the catalog. This is the average gap between a session's high and low over the last 14 sessions, counting overnight moves, expressed against the current price so it can be compared with companies trading at any price | 1.9% |
| Stretch from the 200-day average | it is trading 2.3 daily ranges above its 200-day average price (4.4% above it in plain percentage terms) — a way of asking how far it has stretched from its own average in units of how far it normally moves in a day, so a calm company and a jumpy one can be compared on the same scale | 2.3 daily ranges above its 200-day average |
Volume
1
| Volume vs its 30-day average | trading volume is about normal versus its 30-day average | 0.62× |
|---|
Analyst
2
| Change in the average price target | analysts have raised their average price target by 0.3% since the prior reading | +0.3% |
|---|---|---|
| Change in the consensus rating | the analyst consensus rating has softened toward "sell" since the prior reading | 0.05 toward sell |
Candlestick patterns
1
| Since a doji | 2 sessions ago it opened and closed at almost the same price after trading through a wider range — a "doji", the classic picture of buyers and sellers finishing the session level | 2 sessions ago |
|---|
Price gaps
2
| Gap at the open | it opened on 2026-08-21 0.1% above the previous session's close — an overnight gap, the part of the move that happened while the market was shut, and traded back through that level before the close | +0.1% |
|---|---|---|
| Gap filled | a 2.3% gap up opened on 2026-07-29 has been "filled" 15 sessions ago — price traded back through the level the gap left behind, and it took 2 sessions to close | 15 sessions ago |
Price streaks
1
| Closing streak | it has closed lower 2 sessions in a row, a -0.74% move over the run — an unbroken run of down days, which describes what has already happened and says nothing about the next session | 2 sessions down |
|---|
Relative strength
4
| vs market, 1 month | over the past 1 month this stock lagged the market by 1.5 percentage points (the stock gained 0.9% while the market gained 2.3%) | -1.5% |
|---|---|---|
| vs market, 3 months | over the past 3 months this stock lagged the market by 1.1 percentage points (the stock gained 2.0% while the market gained 3.1%) | -1.1% |
| vs market, 6 months | over the past 6 months this stock lagged the market by 15.0 percentage points (the stock lost 3.9% while the market gained 11.1%) | -14.9% |
| vs market, 12 months | over the past 12 months this stock lagged the market by 14.9 percentage points (the stock gained 5.6% while the market gained 20.5%) | -14.9% |
Signal agreement
2
| Bullish technical signals | 3 of the 9 technical signals we can compute for it are currently in a bullish state: a "golden cross" — its 50-day average is above its 200-day, trading above its 200-day average, trading above the Ichimoku cloud — these describe past price behaviour, not a forecast | 3 of 9 |
|---|---|---|
| Bearish technical signals | 2 of the 9 technical signals we can compute for it are currently in a bearish state: MACD momentum is negative, lagging the market over 6 months — these describe past price behaviour, not a forecast | 2 of 9 |
Trend (Ichimoku cloud)
1
| Vs the Ichimoku cloud | trading 0.1% above the Ichimoku cloud — a band drawn from where its own highs and lows sat up to 2026-07-16 and projected forward over today's price, the side traders read as an established uptrend, with the band below acting as the level that would have to give way. The band itself is thin, spanning 1.7% of the share price, which is taken to mean a barrier that gives way easily. | +0.1% |
|---|
Volume-weighted price
2
| Vs this year’s average price paid | the price is 2% above the average price paid so far this year, so the typical buyer over that stretch is showing a gain. That average is $143.31 — a volume-weighted average of daily closes over 157 sessions, not a true tick-by-tick VWAP. | +2.4% |
|---|---|---|
| Vs the average paid since it last reported | the price is 2% below the average price paid since it last reported on 2026-07-28 (its 8-K), so the typical buyer over that stretch is under water. That average is $149.28 — a volume-weighted average of daily closes over 19 sessions, not a true tick-by-tick VWAP. | -1.6% |
Price levels it has turned at before
EXR last closed at $146.81 on 2026-08-21. Since 2024-08-21 it has turned at 5 prices below its last close and 6 above; the 3 nearest below and the 3 nearest above are listed, nearest first.
| Level | Side | Distance | Evidence |
|---|---|---|---|
| $146.30 | Support | 0.3% below the last close | turned there five times · 2025-01-10 to 2026-05-28 |
| $143.08 | Support | 2.5% below the last close | turned there 11 times · 2024-12-19 to 2026-07-22 |
| $151.71 | Resistance | 3.3% above the last close | turned there 17 times · 2025-01-03 to 2026-08-06 |
| $156.11 | Resistance | 6.3% above the last close | turned there five times · 2024-11-06 to 2026-02-23 |
| $137.32 | Support | 6.5% below the last close | turned there three times · 2025-09-25 to 2026-05-15 |
| $160.24 | Resistance | 9.2% above the last close | turned there three times · 2024-11-15 to 2026-07-29 |
A level is a price this company reversed or paused at more than once — they describe past behaviour, not a forecast of where the price will go.
Wave structure
Its recent swings can be read as a three-part upward correction — the A-B-C shape chartists use for a pullback — now complete.
This labelling fails — stops being a possible reading at all — if it closes above $158.88.
It is the only labelling that fits these swings, though its proportions are not the textbook ones.
This labelling was already in place when we began recording count changes on 2026-08-13, so how long it has stood is not something we can say yet.
Read from daily closes as of 2026-08-21.
An Elliott-wave count describes the swings already printed and the level that would disprove it. It is not a forecast, a target, or advice.
Screens: Trading above the 200-day moving average · in a Bollinger Band volatility squeeze · trendless / choppy (low ADX) · lagging the market · Least volatile (2% or less typical daily range) · Under water since its last earnings report (below the anchored VWAP) | Learn: moving average · golden cross · adx · rsi · macd · breakout · bollinger bands
Based on daily closing prices as of 2026-08-21. Describes past price behavior only — informational, not financial advice.
Analyst consensus
- Consensus ratingBuy (2.38 mean, 1=Strong Buy…5=Strong Sell) — 20 analysts
- Mean price target$158.15 range $140.00 – $178.00; median $157.50
Analyst estimates, as of 2026-08-20. These are third-party analyst opinions and price targets, aggregated — not a recommendation, prediction, or advice from stocks-llm. Informational only.
Analyst EPS estimate for EXR
- Consensus EPS estimate$1.18 next reporting period, as of 2026-08-20
Change over time is not available yet: it needs two readings of the same reporting period at least 30 days apart, and we have been recording these estimates since 2026-08-04. An estimate for a DIFFERENT quarter is not a revision, so a reading from before the last report is never compared with one after it.
The consensus estimate for the next reporting period, and how it has moved between readings of that SAME period. A change is measured only between readings estimating one period — when a company reports, the consensus moves to the next quarter and the two numbers are not comparable. Informational only, not a forecast and not advice.
Key risks (from latest filing)
["Sensitivity to general economic conditions and real estate market downturns that could lower occupancy or rental rates.","Reliance on information technology systems vulnerable to cyberattacks and data breaches.","Risks associated with the ability to maintain REIT status and comply with evolving regulatory and tax environments."]
What changed in the latest 10-Q
AI-assisted comparison of EXR's 10-Q filed 2026-05-01 against the prior one filed 2025-10-31.
Management's Discussion & Analysis (MD&A)
- Added:
- Added language in OVERVIEW section: newer filing states the company 'owns, operates, manages, acquires, develops and redevelops self-storage properties...and provides lending to owners of stores' (filed 2026-05-01), whereas older filing states it was 'formed to own, operate, manage, acquire, develop and redevelop self-storage properties' without mention of lending (filed 2025-10-31)
- Removed from OVERVIEW in newer filing: definition of lease-up stage and stabilized store criteria that appeared in older filing (filed 2025-10-31)
- Changed PROPERTIES section reference from 'large population centers' to 'population centers' in newer filing (filed 2026-05-01)
- Changed description of hybrid facilities from 'hybrid stores, a mix of drive-up and multi-floor buildings' in older filing (filed 2025-10-31) to 'hybrid facilities, a mix of both drive-up buildings and multi-floor buildings' in newer filing (filed 2026-05-01)
- Removed:
- Removed from CAUTIONARY LANGUAGE: reference to Form 10-K for year ended December 31, 2024 (filed 2025-10-31); replaced with Form 10-K for year ended December 31, 2025 (filed 2026-05-01)
- Removed from CRITICAL ACCOUNTING POLICIES: reference to Form 10-K for year ended December 31, 2024 (filed 2025-10-31); replaced with Form 10-K for year ended December 31, 2025 (filed 2026-05-01)
- Removed OVERVIEW language defining lease-up stage and stabilized store criteria from older filing (filed 2025-10-31)
- Removed PROPERTIES reference to majority of stores being 'clustered around large population centers' language in older filing (filed 2025-10-31)
- Reworded:
- PROPERTIES section: reporting date changed from September 30, 2025 (filed 2025-10-31) to March 31, 2026 (filed 2026-05-01)
- PROPERTIES section: store counts changed from 2,427 to 2,428 operating stores; wholly-owned from 2,005 to 2,008; consolidated joint ventures from 11 to 12; unconsolidated joint ventures from 411 to 408; managed stores from 1,811 to 1,916; total stores from 4,238 to 4,344 (filed 2026-05-01 vs 2025-10-31)
- PROPERTIES section: states changed from 43 states to 42 states (filed 2026-05-01 vs 2025-10-31)
- PROPERTIES section: tenant count changed from approximately 2,460,000 to 2,480,000 (filed 2026-05-01 vs 2025-10-31)
- PROPERTIES section: average length of stay for tenants who vacated changed from approximately 17.0 months to 16.8 months (filed 2026-05-01 vs 2025-10-31)
- OVERVIEW: changed 'hybrid' stores to 'hybrid' facilities (filed 2026-05-01 vs 2025-10-31)
- Notes:
- Property count table data at end of both sections is truncated and incomplete for comparison purposes
- Specific state-by-state property metrics shown in tables are partially truncated in both versions
Risk Factors
- Added:
- Added reference to 'the impact of enacted and proposed U.S. tariffs on global economic conditions' in the risk factors list (filed 2026-05-01)
- Reworded:
- Changed 'changes in global financial markets and increases in interest rates' to 'changes in global financial markets, increases in interest rates and the impact of enacted and proposed U.S. tariffs on global economic conditions' (filed 2026-05-01)
- Notes:
- The older filing also contains financial statements for periods ending September 30, 2025 and December 31, 2024, while the newer filing contains statements for March 31, 2026 and December 31, 2025; these are different reporting periods and not directly comparable as risk factor disclosures
AI-assisted comparison of two SEC filing sections. It describes wording and theme changes only, makes no materiality, legal, or investment judgement, and is not financial advice. Informational only — not financial advice.
Insider activity (SEC Form 4)
0 open-market purchases and 1 open-market sale by insiders in the last 90 days.
- Last 90 days0 buys · 1 sell ($495000) — 1 selling insider
- Last 180 days0 buys · 1 sell ($495000) — 1 selling insider
Activity heuristic: net selling (a transparent product heuristic from the counts above, not a prediction or advice)
Most recent open-market transaction: 2026-06-11. As of 2026-08-24.
View full insider trading history → View SEC Form 3/4/5 filingsAsk about EXR's insider activity →
Only open-market purchases (SEC code P) and sales (code S) are counted here. Option exercises, vesting/awards, gifts, and shares withheld for taxes are excluded — they are compensation or mechanical, not open-market conviction. Sales may be planned and non-discretionary (e.g. a Rule 10b5-1 plan) and are not necessarily bearish; open-market buying is not a recommendation to buy. Informational only — not financial advice.
Congressional trading disclosures
U.S. House members publicly disclose their own, their spouse's, and dependent children's stock transactions under the STOCK Act. We hold 4 matched disclosures for EXR from U.S. House Clerk Periodic Transaction Report filings.
Congressional trading disclosures →Short interest (FINRA)
EXR had 4,658,227 shares of reported short interest as of the 2026-07-31 FINRA settlement date (delayed, bi-monthly; not real-time).
EXR had 2.20% of its shares outstanding sold short as of the 2026-07-31 FINRA settlement date (percent of FLOAT would be higher — float is not disclosed in the source). FINRA reported 3.04 days to cover at the same settlement.
- Reported short interest (shares) 4,658,227
- Short interest (% of shares outstanding) 2.20%
- Prior settlement (shares) 4,590,724
- Reported change 1.47%
- Days to cover (reported) 3.04
Reported to FINRA as of the 2026-07-31 settlement date. Short interest is reported to FINRA and published on a delayed, bi-monthly schedule (as of a settlement date, disseminated roughly eight business days later) — it is NOT real-time, does not cover every venue or all US trading, and is not a short-squeeze prediction or investment advice. Days-to-cover is the value FINRA reports; percent of float is not shown because the source file carries no share-count denominator — where a percent appears it is of shares OUTSTANDING, the larger base, and is therefore a floor on percent of float. Informational only — not financial advice.
Competitors & peers
- Public Storage (PSA)
- CubeSmart (CUBE)
- Life Storage (LSI)
- National Storage Affiliates Trust (NSA)
AI-enriched competitor set. Linked names are companies covered by stocks-llm; other named peers are shown for reference only.
Compare EXR vs…
Extra Space Storage is found in…
Frequently asked questions
What does Extra Space Storage (EXR) do?
Extra Space Storage is a self-administered and self-managed real estate investment trust (REIT) that owns, operates, manages, acquires, and develops self-storage properties across the United States. The company derives its revenue primarily from property rentals, tenant reinsurance programs, and third-party management fees for storage facilities.
What sector is Extra Space Storage (EXR) in?
Extra Space Storage (EXR) is classified in the Real Estate sector. Its industry is self-storage REITs. It trades on NYSE.
Does EXR pay a dividend?
Yes — Extra Space Storage (EXR) pays a dividend, with an indicated yield of about 5.10% and at least 5 years of non-decreasing per-share dividends (SEC EDGAR XBRL) — we do not hold the year before it, so the real streak may be longer (market data, as of 2026-08-24). Informational only — not financial advice.
Who are Extra Space Storage's (EXR) competitors?
Notable peers of Extra Space Storage (EXR) include Public Storage, CubeSmart, Life Storage and National Storage Affiliates Trust. This peer set is informational only — not financial advice.
Has there been recent Congressional stock trading in EXR?
Yes — we hold 4 matched STOCK Act disclosures for EXR from U.S. House Clerk Periodic Transaction Report filings. These are legally-required disclosures (often filed 30–45 days after the trade), may belong to a U.S. House member, their spouse, or a dependent child, and are not an indicator of company performance or investment advice.
Is Extra Space Storage (EXR) overbought or oversold right now?
Extra Space Storage (EXR) is currently neither overbought nor oversold — its 14-day RSI (a 0–100 momentum gauge) is 47, in the neutral middle (as of 2026-08-21). RSI describes recent price momentum, not a forecast — informational only, not financial advice.
Where does stocks-llm's data on EXR come from?
Fundamentals and prices come from market data, as of 2026-08-24; company filings and profile facts come from SEC EDGAR. All figures are delayed daily-close data shown with their as-of date — informational only, not financial advice.
Fundamentals: market data, as of 2026-08-24. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-08-21.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date.