Extra Space Storage (EXR)
NYSEReal EstateReit - IndustrialSnapshot 2026-09-04
$139.25-1.23%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - IndustrialSnapshot 2026-09-04
QuarterlyIQ Insights · EXR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 8.9% |
| Our one-year growth estimate | diamond | 3.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to the broad stock market and real (inflation-adjusted) rates.
Based on historical daily prices through 2026-09-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
A larger daily loss that occurred about once in every 20 trading days.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 5.2 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-09-04 · Compared with 15 industry peers · Company calendar date is not available
EXR — CEO transition
Dated 2026-08-24
CEO — Joseph D. Margolis: The CEO is retiring with a pre-announced internal successor (the current President), representing an orderly succession rather than a sudden loss of leadership.
Why it matters: If it drops below this level, there may be problems with revenue or expenses. This could mean the company's growth plan is not working well.
Worry ifSame-store NOI growth reported below 2.0% in the next quarterly results.
Less concerning ifSame-store NOI growth remains at or above 2.0% in the next quarterly results.
Why it matters: Sector growth trends affect Extra Space Storage's performance. A slowdown could impact revenue.
Watch forSector revenue growth speeds up to over 8% each year.
Also watch forSector revenue growth continues to decline below 5% year over year.
Why it matters: If acquisitions slow down, it may mean less growth. This can affect future income.
Worry ifNo new acquisitions or much fewer in the next quarter.
Less concerning ifAcquisition activity stays the same as it has in recent quarters.
Why it matters: Guidance shows what management thinks about being efficient. It also shows their views on making money.
Watch forManagement projects same-store NOI growth within the range of (2.25)% to 1.25%.
Also watch forManagement cuts same-store NOI growth guidance to below (2.25) %.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$91 on $10,000 · ±0.9% | How much price usually moves either way. |
| Bad day | $210 loss on $10,000 · 2.1% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,670 loss on $10,000 · 16.7% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: If it falls below this threshold, it may show weaker performance. This could hurt investor confidence.
Worry ifCore FFO growth reported below 2.0% in the next quarterly results.
Less concerning ifCore FFO growth remains at or above 2.0% in the next quarterly results.
Why it matters: Occupancy rates show how much demand and pricing power there is in self-storage.
Watch forSame-store occupancy rates rise above 93.0 %. This shows strong demand.
Also watch forSame-store occupancy rates drop below 92.6 %. This shows weak demand.
Why it matters: Big acquisitions can greatly affect growth. News over $100 million shows strong expansion.
Supportive ifA deal over $100 million was announced.
Worry ifNo big acquisitions were announced for the next quarter.