Extra Space Storage (EXR)
NYSEReal EstateReit - IndustrialSnapshot 2026-11-04
$160.12-0.57%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - IndustrialSnapshot 2026-11-04
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 | 26.5% |
| 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 opposite direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to the US dollar and real (inflation-adjusted) rates.
Based on historical daily prices through 2026-11-04.
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 22.8 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 10 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: Noah Springer is set to take over as CEO on January 1. A smooth handoff would support continuity in company plans.
Watch forThe company confirms Noah Springer becomes CEO on January 1, 2027, with no change to its stated plans.
Also watch forThe company delays the handoff, names a different CEO, or reports a change to its stated plans.
Why it matters: Same-store NOI growth rose to 4.6% in Q3 from 3.5% in Q2. A rate above 4% would keep that improvement going.
Supportive ifThe next reported quarter shows same-store NOI growth above 4% year over year.
Worry ifThe next reported quarter shows same-store NOI growth below 3% year over year.
Why it matters: Core FFO per share grew 4.3% in Q3 year over year. Another quarter above 4% would show that growth continues.
Supportive ifThe next report shows Core FFO per share growth above 4% year over year.
Worry ifThe next report shows Core FFO per share growth below 2% year over year.
Why it matters: EXR listed 26 stores and projects due to close or finish in 2026. These deals would add stores and growth projects to its portfolio.
Watch forThe company reports closing or finishing most of the 26 listed stores and projects by year-end.
Also watch forThe company reports that several listed deals or projects were delayed or did not close.
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 | ±$86 on $10,000 · ±0.9% | How much price usually moves either way. |
| Bad day | $202 loss on $10,000 · 2.0% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $1,504 loss on $10,000 · 15.0% | 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: The sector signal says growth has slowed and points to revenue growth as a key change to watch. EXR's same-store revenue grew 2.7% in Q3.
Watch forEXR's same-store revenue growth rises above 2.7% year over year in a later quarter.
Also watch forEXR's same-store revenue growth falls below 2% year over year in a later quarter.