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

by · The Markets Daily

Extra Space Storage (NYSE:EXR – Get Free Report) updated its FY 2026 earnings guidance on Thursday. 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 Trading Up 0.9%

NYSE:EXR traded up $1.24 during trading hours on Thursday, reaching $146.42. 1,319,580 shares of the stock were exchanged, compared to its average volume of 1,449,230. Extra Space Storage has a twelve month low of $121.03 and a twelve month high of $162.77. The business has a 50-day moving average of $137.88 and a two-hundred day moving average of $138.71. The company has a market capitalization of $31.08 billion, a price-to-earnings ratio of 32.68, a PEG ratio of 1.78 and a beta of 1.27. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.89.

Extra Space Storage (NYSE:EXR – Get Free Report) last issued its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates 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. On average, equities analysts predict that Extra Space Storage will post 8.1 EPS for the current year.

Extra Space Storage Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on EXR. UBS Group lowered their price objective on shares of 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. Weiss Ratings reiterated a “hold (c)” rating on shares of Extra Space Storage in a report on Thursday, January 22nd. Evercore reissued a “cautious” rating on shares of Extra Space Storage in a research report on Monday, November 3rd. Bank of America lowered Extra Space Storage from a “neutral” rating to an “underperform” rating and set a $143.00 price objective on the stock. in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada lowered their target price on Extra Space Storage from $148.00 to $146.00 and set a “sector perform” rating for the company in a research note on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Extra Space Storage has a consensus rating of “Hold” and an average price target of $144.67.

Read Our Latest Stock Report on Extra Space Storage

Institutional Investors Weigh In On Extra Space Storage

Several institutional investors have recently added to or reduced their stakes in EXR. State Street Corp raised its stake in shares of Extra Space Storage by 1.7% during the third quarter. State Street Corp now owns 13,910,878 shares of the real estate investment trust’s stock worth $1,960,599,000 after purchasing an additional 230,697 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Extra Space Storage by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,172,956 shares of the real estate investment trust’s stock valued at $413,192,000 after buying an additional 58,294 shares during the period. Invesco Ltd. increased its stake in Extra Space Storage by 3.1% in the 4th quarter. Invesco Ltd. now owns 3,051,693 shares of the real estate investment trust’s stock valued at $397,391,000 after buying an additional 91,022 shares during the period. Northern Trust Corp raised its position in Extra Space Storage by 0.8% during the 3rd quarter. Northern Trust Corp now owns 2,867,036 shares of the real estate investment trust’s stock worth $404,080,000 after buying an additional 23,719 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Extra Space Storage by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,713,021 shares of the real estate investment trust’s stock worth $353,290,000 after acquiring an additional 142,122 shares during the period. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Company Profile

(Get Free Report)

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.

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