Extra Space Storage (NYSE:EXR) Releases FY 2026 Earnings Guidance

Extra Space Storage (NYSE:EXR) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 8.050-8.350 for the period, compared to the consensus EPS estimate of 6.150. The company issued revenue guidance of -.

Extra Space Storage Stock Up 0.9%

NYSE EXR traded up $1.24 during trading hours on Thursday, hitting $146.42. The company had a trading volume of 1,321,316 shares, compared to its average volume of 1,449,297. The firm’s 50 day moving average is $137.88 and its 200 day moving average is $138.71. The company has a market capitalization of $31.08 billion, a price-to-earnings ratio of 32.68, a P/E/G ratio of 1.78 and a beta of 1.27. Extra Space Storage has a fifty-two week low of $121.03 and a fifty-two week high of $162.77. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.24 and a quick ratio of 0.24.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Thursday, February 19th. The real estate investment trust reported $2.08 EPS for the quarter, beating the consensus estimate of $2.04 by $0.04. Extra Space Storage had a return on equity of 6.56% and a net margin of 28.40%.Extra Space Storage has set its FY 2026 guidance at 8.050-8.350 EPS. Sell-side analysts anticipate that Extra Space Storage will post 8.1 earnings per share for the current fiscal year.

Extra Space Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 16th will be paid a dividend of $1.62 per share. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 annualized dividend and a yield of 4.4%. Extra Space Storage’s payout ratio is 144.64%.

Analyst Ratings Changes

EXR has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Extra Space Storage in a research report on Thursday, January 22nd. Barclays reiterated an “overweight” rating and issued a $164.00 price target on shares of Extra Space Storage in a research note on Tuesday, January 13th. Wells Fargo & Company lowered their price objective on Extra Space Storage from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Thursday, February 5th. Truist Financial lifted their price objective on Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a report on Tuesday, January 20th. Finally, UBS Group reduced their target price on Extra Space Storage from $156.00 to $148.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Extra Space Storage currently has a consensus rating of “Hold” and a consensus price target of $144.67.

Institutional Investors Weigh In On Extra Space Storage

Several institutional investors and hedge funds have recently made changes to their positions in EXR. NewEdge Advisors LLC increased its stake in Extra Space Storage by 9.3% during the first quarter. NewEdge Advisors LLC now owns 3,409 shares of the real estate investment trust’s stock valued at $506,000 after purchasing an additional 291 shares during the last quarter. Empowered Funds LLC lifted its position in shares of Extra Space Storage by 15.5% in the 1st quarter. Empowered Funds LLC now owns 4,912 shares of the real estate investment trust’s stock worth $729,000 after buying an additional 661 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Extra Space Storage in the 2nd quarter valued at about $457,000. First Trust Advisors LP grew its position in shares of Extra Space Storage by 184.1% during the 2nd quarter. First Trust Advisors LP now owns 108,205 shares of the real estate investment trust’s stock valued at $15,954,000 after buying an additional 70,115 shares during the last quarter. Finally, Brown Advisory Inc. raised its stake in Extra Space Storage by 1.8% during the second quarter. Brown Advisory Inc. now owns 4,431 shares of the real estate investment trust’s stock worth $653,000 after acquiring an additional 80 shares during the period. 99.11% of the stock is owned by institutional investors and hedge funds.

Extra Space Storage Company Profile

Extra Space Storage (NYSE: EXR) is a real estate investment trust that specializes in the ownership, development and operation of self-storage properties. The company provides storage solutions for residential and commercial customers, offering a range of unit sizes, climate-controlled units and specialized options such as vehicle and boat storage. Extra Space Storage markets itself as a customer-focused operator, with online rentals, contactless move-in options and ancillary retail products like packing supplies and insurance to support tenant needs.

Its business model combines property ownership with third-party management and development activities.