Extra Space Storage IncNYSE: EXR
Real Estate · Self-Storage REITs
$145.44
+1.06%
Vol: 1.2M
Research Digest
Friday, June 19, 2026
No significant overnight updates
No material news in the last 48 hours.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours. Recent items (Q1 results, June 8 Evercore target raise) predate the 48-hour window.
May 21Extra Space Storage adds two new board members; UBS raises price target to $158Neutral▶
At the May 14 annual meeting, Extra Space Storage elected Crystal Call Maggelet (CEO/Chair of FJ Management) and RJ Pittman to the board. On May 15, the board declared a Q2 2026 dividend of $1.62/share (ex-date June 15, payable June 30). UBS raised its price target to $158 from $148 on May 18. Stock at $143.40, down 6% over past month, up ~4.5% YTD. A new 108,524 sqft facility opened in North Las Vegas in early May. Management reaffirmed 2026 Core FFO guidance of $8.05-$8.35.
May 20No significant overnight updatesNeutral▶
No material news in the last 48 hours. Most recent catalyst was the May 15 declaration of Q2 2026 dividend of $1.62/share payable June 30; BofA recently nudged PT from $143 to $147 keeping Underperform.
May 19No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 18Extra Space Storage declared a $1.62 Q2 2026 dividend on May 15 as shareholders re-elected the full board at the May 14 annual meetingPositive▶
Extra Space Storage's board declared a Q2 2026 dividend of $1.62 per share on May 15, payable June 30 to holders of record on June 15. At the May 14 annual meeting, stockholders re-elected all 10 director nominees, though some board members faced notable opposition votes. The company maintained 2026 guidance after Q1 core FFO of $2.04 beat estimates by 1.5%, supported by steady self-storage demand across its 4,344-property platform. Bank of America's Samir Khanal raised the EXR price target to $147 from $143 while keeping an Underperform rating. The average analyst target now sits around $144.71.
May 15BofA raises Extra Space Storage price target to $147 from $143 while keeping Underperform after mixed Q1 2026 resultsMixed▶
BofA analyst Samir Khanal lifted his EXR price target to $147 from $143 but maintained an Underperform rating following Q1 2026 results that showed core FFO of $2.04/share (+2% YoY) and same-store revenue up 1.7%, with net income per diluted share down 10.9% YoY (lapping a 2025 asset sale gain). EXR remains the largest U.S. self-storage operator with 4,344 stores across 42 states. Consensus analyst rating is Buy with a 12-month target of $144.8 (~3.6% upside from $142.41). Dividend yield stands at ~4.5%. First Eagle Investment Management increased its stake by 61.8% in Q4 per its latest 13F filing.
May 14Extra Space Storage holds May 14 annual stockholders meeting following Q1 2026 FFO beat of $2.04 per share.Mixed▶
Extra Space Storage holds its virtual annual stockholders meeting on May 14, 2026, where shareholders vote on electing ten directors, ratifying Ernst & Young as auditor, and a say-on-pay advisory vote. Q1 2026 results showed core FFO of $2.04 per share, exceeding estimates, with sales of $733.21M and total revenue of $856.03M, though net income and EPS were lower year-over-year. The company maintained full-year guidance. BofA recently raised its price target to $147 from $143 but kept an Underperform rating, while Barclays lowered to $164 from $169 and Mizuho raised to $143. Shares recently closed at $148.87, up 1.18%. Noah Springer was named President on January 5, 2026.
May 13No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 12BofA raises Extra Space Storage target to $147 after Q1 FFO beat but maintains Underperform ratingMixed▶
Bank of America analyst Samir Khanal raised Extra Space Storage's price target to $147 from $143 on May 4 while maintaining Underperform. Q1 2026 core FFO was $2.04/share (up 2.0% YoY), beating $2.01 estimate, on $856M revenue. Same-store revenue rose 1.7% and same-store NOI up 1.2%. Full-year core FFO guidance maintained at $8.05-$8.35/share. Stock trades around $143.30 within 52-week range of $125.71-$155.19. First Eagle Investment Management lifted its EXR stake 61.8% in Q4 to 2.55M shares. Consensus price target stands at $143.80.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| PSAPUBLIC | $318.33 | +1.84% | — | 31.5x | 0.95 | $57.9B |
| EXREXTRA | $145.44 | +1.06% | — | 31.5x | 1.20 | $33.0B |
| WELLWELLTOWER | $206.76 | +0.10% | — | 70.3x | 0.76 | $166.6B |
| PLDPROLOGIS | $140.80 | -0.10% | — | 41.1x | 1.34 | $133.0B |
| EQIXEQUINIX | $1,092.30 | +0.35% | — | 52.1x | 0.97 | $98.8B |
| SPGSIMON | $211.57 | +0.81% | — | 33.5x | 1.33 | $85.9B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.