Extra Space Storage (EXR)
NYSEReal EstateReit - IndustrialSnapshot 2026-11-04
$161.04+3.08%
Close 2026-11-04 · 1-day change
NYSEReal EstateReit - IndustrialSnapshot 2026-11-04
Research Workspace
Put EXR beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Real Estate is in steady. Describes the industry's cycle state, not a call on this stock.
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue is growing steadily — about 4% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look high — the market is pricing in about 26% growth a year, above the roughly 4% analysts expect, leaving little room for error.
View ValuationModerate volatility — typically moves about 1% a day.
View RiskEXR's redevelopment program has to keep compounding to justify the price. Revenue growth is slowing, with the latest quarter up 2.4% year over year. The company lifted 2026 core FFO guidance to $8.40-$8.50 per share. It trades at 20x P/FFO versus a 13x peer median. The market is pricing in more growth than we forecast. A guidance cut would be a meaningful negative for the stock. Peer multiples imply a price about 26% below where it trades. Our read remains intact, though this read is provisional.
Trailing returns as of 2026-11-04. EXR is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 21 analysts currently covering EXR (as of Nov 2026).
Based on 9 Wall Street analysts offering 12-month price targets for EXR in the last 4 months.
Continue this research
Compare EXR with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
|---|---|---|---|---|---|
| EXR Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 11 valuation methods, at three horizons. As of 2026-11-04. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Real Estate (broad) — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put EXR next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
Advances: Drive Core FFO growth
Higher 2026 Core FFO guidance and redevelopment investment support growth, though execution remains ahead.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $161.04
The last 12 months of price, then the range of analyst 12-month targets from today’s $161.04.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Around the middle on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Focus on Core FFO growth
Earnings beat supports core FFO growth objective.
Advances: Focus on Core FFO growth
FFO in-line with estimates maintains growth outlook.
Advances: Focus on Core FFO growth
Funding supports growth initiatives and FFO expansion.
Threatens: Manage same-store NOI growth
New supply risks could hinder same-store NOI growth.
Advances: Focus on Core FFO growth
Core FFO growth beats estimates and occupancy increases.
