EXR · Extra Space Storage Inc.
$142.79
-1.30 (-0.90%)
At close · Aug 27
Market Cap
$30.17B
Shares
211.27M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$142.79
Open$144.43
Day$142.51–145.28
52W close$126.69–152.85
Avg vol 30d1.1M
Short int4.9M · 2.3% float · 5.3d
Short vol29%
Last earningsJul 29, 2026
DataJan 2020–Aug 2026
Filing10-Q · Jul 31
Up next
Next earnings call
Oct 28, 2026
Est · unconfirmed
· in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Jul 31, 2026
AI Brief
TL;DR.
Bullish
Bearish
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Weak
Sentiment
Neutral
Fundamentals
Strong
Quant / Vol
Very Low
Market backdrop
VIX 14.5 · calm
Equity put/call 0.39
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+1%
above
Price vs 50-day avg
−3%
below
RSI (14)
36
neutral
MACD trend
Negative
52-week position
62%
mid-range
Volume (OBV)
Confirms
volume backs price
Momentum
relative strength
1-month return
−4%
trailing
6-month return
−3%
trailing
YTD return
+10%
this year
Relative strength
−17%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $147 › 200d $141 — 50d above 200d
Institutional flow
Accumulating
+3% holders QoQ · +107 funds added
Insider flow
Distributing
Net -$495.0K over 90 days · 100% sells
Short interest
Rising
2.31% of float · ▲ +4.7% MoM · 5.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
790 holders — near 3-yr high, broad support
Squeeze score
57
elevated · 0–100
Fundamentals
Revenue growth
+4%
Y/Y
EPS growth
+14%
Y/Y
Valuation
P/E 31.6
in line
Buyback
$349.0M
remaining
Balance sheet
$465.4M
net debt
Quant / Vol
risk profile
Volatility
23%
annualized · 1-yr
Max drawdown
−17%
past year
ATR
1.9%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the 8-K filed Jul 28, 2026
Dilution per share from C of O and value add acquisitions
· year ending December 31, 2026
Initiated
$0.17
Weighted average one-month SOFR
· year ending December 31, 2026
Raised
3.73%
Apr 28, 2026
3.65%
changed to
Jul 28, 2026
3.73%
Same-store expense growth
· year ending December 31, 2026
Lowered
1% – 2%
Apr 28, 2026
2% – 3.5%
changed to
Jul 28, 2026
1% – 2%
Same-store revenue growth
· year ending December 31, 2026
Raised
1% – 2%
Apr 28, 2026
-0.5% – 1.5%
changed to
Jul 28, 2026
1% – 2%
Net tenant reinsurance income
· year ending December 31, 2026
Raised
$294M – $296M
Apr 28, 2026
$289M – $292M
changed to
Jul 28, 2026
$294M – $296M
Management fees and other income
· year ending December 31, 2026
Lowered
$139M – $140M
Apr 28, 2026
$140M – $141.5M
changed to
Jul 28, 2026
$139M – $140M
Interest income
· year ending December 31, 2026
Raised
$153M – $154M
Apr 28, 2026
$149.5M – $151M
changed to
Jul 28, 2026
$153M – $154M
Non-cash interest expense related to amortization of discount on
· year ending December 31, 2026
Raised
$44M – $45M
Apr 28, 2026
$42M – $43M
changed to
Jul 28, 2026
$44M – $45M
General and administrative expenses
· year ending December 31, 2026
Lowered
$188M – $189.5M
Apr 28, 2026
$190.5M – $192.5M
changed to
Jul 28, 2026
$188M – $189.5M
Interest expense
· year ending December 31, 2026
Raised
$595M – $598M
Apr 28, 2026
$592M – $597M
changed to
Jul 28, 2026
$595M – $598M
Equity in earnings of real estate ventures
· year ending December 31, 2026
Maintained
$63.5M – $64.5M
Apr 28, 2026
$63.5M – $64.5M
changed to
Jul 28, 2026
$63.5M – $64.5M
Income Tax Expense
· year ending December 31, 2026
Raised
$48M – $49M
Apr 28, 2026
$47M – $48M
changed to
Jul 28, 2026
$48M – $49M
Acquisitions
· year ending December 31, 2026
Raised
$300M
Apr 28, 2026
$200M
changed to
Jul 28, 2026
$300M
Bridge loans outstanding
· year ending December 31, 2026
Maintained
$1.48B
Apr 28, 2026
$1.48B
changed to
Jul 28, 2026
$1.48B
Prior guidance
period ended
· from the 8-K filed Oct 29, 2025
Core FFO
· year ending December 31, 2025
$8.12 – $8.20
Same-store expense growth
· year ending December 31, 2025
4.5% – 5%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+1%
Bullish
Price vs 50-day avg
−3%
Neutral
RSI (14)
36
Neutral
MACD trend
Negative
Bearish
52-week position
62%
Neutral
Volume (OBV)
Confirms
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $147 › 200d $141 — 50d above 200d
Institutional flow
Accumulating
+3% holders QoQ · +107 funds added
Insider flow
Distributing
Net -$495.0K over 90 days · 100% sells
Short interest
Rising
2.31% of float · ▲ +4.7% MoM · 5.3 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr high
790 holders — near 3-yr high, broad support
Price context
position in its 52-week range
Range low $127
Now $143 · 62%
Range high $153
vs 200-day avg +1%
vs 50-day avg -3%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Average same-store square foot occupancy | 93.4% | six months ended June 30, 2026 | — |
|
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| Core FFO non-GAAP | $2.15 | Q2 2026 | — |
GAAP → non-GAAP reconciliationGAAP FFO 457.31M
+12.74M Non-cash interest expense related to amortization of discount on unsecured senior notes, net
+3.92M Amortization of other intangibles related to the Life Storage Merger, net of tax benefit
+1.77M Other adjustments
= Core FFO 475.73M
|
|||
| Core FFO per diluted share non-GAAP | $4.19 | six months ended June 30, 2026 | — |
|
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| FFO per diluted share | $4.04 | six months ended June 30, 2026 | — |
| Properties included in same-store | 1,870 | as of June 30, 2026 | — |
|
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| Rentable square feet | 341M | As of June 30, 2026 | — |
| Same-store expense growth | 1.1% | six months ended June 30, 2026 | — |
| Same-store net operating income | 972.82M | Six Months Ended June 30, 2026 | — |
|
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| Same-store net operating income growth | 2.4% | six months ended June 30, 2026 | — |
| Same-store operating expenses | 395.98M | Six Months Ended June 30, 2026 | — |
|
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| Same-store rental revenues | 1.37B | Six Months Ended June 30, 2026 | — |
|
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| Same-store revenue growth | 2% | six months ended June 30, 2026 | — |
| Same-store square foot occupancy as of quarter end | 94.2% | as of June 30, 2026 | — |
|
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| Stores owned and/or operated | 4,410 | As of June 30, 2026 | — |
| Third-party managed stores | 1,964 | as of June 30, 2026 | — |
| Total managed stores | 2,373 | as of June 30, 2026 | — |
|
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| Unconsolidated joint venture managed stores | 409 | as of June 30, 2026 | — |
| Units | 3M | As of June 30, 2026 | — |
| Stores managed for third parties | 1,916 | Q1 2026 | — |
|
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| Stores managed in unconsolidated joint ventures | 408 | Q1 2026 | — |
|
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| Total same-store net operating income non-GAAP | 476.74M | Q1 2026 | — |
| Total stores owned and/or operated | 4,344 | As of March 31, 2026 | — |
| ATM program capacity available | 800M | as of December 31, 2025 | — |
| Authorization remaining under stock repurchase program | 350.5M | as of December 31, 2025 | — |
| Bridge loans originated | 80.4M | Q4 2025 | — |
| Bridge loans outstanding | 1.5B | Q4 2025 | — |
| Combined weighted average interest rate | 4.3% | as of December 31, 2025 | — |
| Commercial paper outstanding issuances | 680M | as of December 31, 2025 | — |
| Commercial paper program total capacity | 1B | as of December 31, 2025 | — |
| Effective fixed-rate debt to total debt | 92.7% | as of December 31, 2025 | — |
| Percentage of fixed-rate debt to total debt | 82.1% | as of December 31, 2025 | — |
| Same-store pool | 1,871 | year ending December 31, 2026 (outlook) | — |
| Self-storage stores owned and/or operated | 4,281 | as of December 31, 2025 | — |
| Shares repurchased | 1,089,659 | Q4 2025 | — |
| Stores managed for third-party owners | 1,856 | Q4 2025 | — |
| Stores owned in unconsolidated joint ventures | 407 | Q4 2025 | — |
| Total stores under management | 2,263 | Q4 2025 | — |
| Total units | 2.9M | as of December 31, 2025 | — |
| Weighted average interest rate of fixed-rate debt | 4.2% | as of December 31, 2025 | — |
| Weighted average interest rate of variable-rate debt | 4.8% | as of December 31, 2025 | — |
| Weighted average maturity of debt | 4.5 | as of December 31, 2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Industrial — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
EXR
this stock
Extra Space Storage Inc.
|
$30.17B | +9.7% | +3.7% | 31.6 | 2.3% |
|
PLD
Prologis, Inc.
|
$132.94B | +11.1% | +7.2% | 35.9 | 1.7% |
|
PSA
Public Storage
|
$55.74B | +19.9% | +2.7% | 30.3 | 3.0% |
|
EGP
Eastgroup Properties Inc
|
$10.75B | +12.3% | +12.7% | 35.1 | 3.9% |
|
CUBE
CubeSmart
|
$9.08B | +10.9% | +5.3% | 28.0 | 3.3% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| EXR | -3.0% | -3.7% | -2.6% | -3.6% | +9.7% |
| SPY | +1.1% | +4.0% | +14.7% | +3.2% | +13.1% |
| vs SPY | -4.2% | -7.6% | -17.3% | -6.8% | -3.4% |
Capital returns
Latest dividend
$1.62
/ share · ex Jun 15, 2026
Declared · upcoming
$1.62
/ share · ex Sep 15, 2026
Paid (TTM)
$6.48
/ share · 4 payouts
Dividend yield (TTM, derived)
4.54%
Buyback program
· as of Jun 30, 2026
Authorized
$500.00M
Spent (derived)
$150.97M
Remaining
$349.03M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
1289490
CUSIP
30225T102
13F (30d)
580 filings
574 filers
Visit website
Investor relations