Extra Space Storage (NYSE:EXR) Announces Earnings Results, Beats Estimates By $0.05 EPS

Extra Space Storage (NYSE:EXR) announced its quarterly earnings data on Thursday. The real estate investment trust reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.05, Briefing.com reports. The company had revenue of $857.47 million during the quarter, compared to analysts’ expectations of $732.92 million. Extra Space Storage had a net margin of 28.84% and a return on equity of 6.76%. Extra Space Storage’s revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.03 EPS. Extra Space Storage updated its FY 2026 guidance to 8.050-8.350 EPS.

Extra Space Storage Price Performance

EXR opened at $153.07 on Friday. The stock’s 50-day moving average price is $138.52 and its 200 day moving average price is $138.86. Extra Space Storage has a 12-month low of $121.03 and a 12-month high of $162.77. The firm has a market cap of $32.49 billion, a price-to-earnings ratio of 33.28, a PEG ratio of 1.76 and a beta of 1.27. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.89.

Extra Space Storage Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th will be paid a $1.62 dividend. The ex-dividend date of this dividend is Monday, March 16th. This represents a $6.48 dividend on an annualized basis and a dividend yield of 4.2%. Extra Space Storage’s payout ratio is presently 140.87%.

Extra Space Storage News Summary

Here are the key news stories impacting Extra Space Storage this week:

• Positive Sentiment: Q4 results beat expectations — EXR reported FFO/EPS of $2.08 and revenue of $857.5M, both above Street estimates; net income rose ~9.7% YoY, supporting the positive market reaction. Extra Space Storage Reports Q4 & Year-End Results
• Positive Sentiment: Very strong FY‑2026 EPS outlook — management set FY‑2026 EPS guidance of $8.05–$8.35, well above consensus, which drives upward revision to near-term earnings expectations and supports the stock move. MarketBeat: EXR Earnings & Guidance
• Positive Sentiment: Acquisitions and portfolio growth helped top-line and NOI — company expansion and acquisitions contributed to revenue and same-store NOI gains, underpinning longer-term growth prospects. Zacks: Q4 Core FFO & Revenues Surpass
• Neutral Sentiment: Same-store revenue guidance is cautious — EXR outlined 2026 same-store revenue of -0.5% to +1.5%, signalling modest organic demand and making results more execution-sensitive this year. Seeking Alpha: Same-store Revenue Guidance
• Neutral Sentiment: Management emphasizes steady occupancy and strategic capital deployment — the earnings call stressed disciplined deployment into accretive projects and M&A, which may support long-term returns but adds near-term execution risk. Earnings Call Transcript
• Negative Sentiment: Lower occupancy is a near-term headwind — some coverage notes occupancy dipped and that could pressure same-store performance and margin expansion if trends persist. This is the primary risk to the upbeat guidance. Zacks: Lower Occupancy Clouds Outlook

Wall Street Analyst Weigh In

Several research firms recently commented on EXR. Morgan Stanley cut their price target on Extra Space Storage from $155.00 to $152.00 and set an “equal weight” rating for the company in a report on Friday, December 5th. Wall Street Zen downgraded Extra Space Storage from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Mizuho lifted their price target on Extra Space Storage from $137.00 to $143.00 and gave the stock an “outperform” rating in a report on Monday, January 12th. UBS Group dropped 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 report on Thursday, January 8th. Finally, Truist Financial raised their price objective on shares of Extra Space Storage from $142.00 to $146.00 and gave the stock a “hold” rating in a research report on Tuesday, January 20th. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $144.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd acquired a new position in shares of Extra Space Storage in the third quarter valued at approximately $28,000. DV Equities LLC purchased a new position in Extra Space Storage in the 4th quarter valued at approximately $39,000. Zions Bancorporation National Association UT boosted its position in Extra Space Storage by 172.3% in the 4th quarter. Zions Bancorporation National Association UT now owns 305 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 193 shares during the period. Logan Capital Management Inc. grew its stake in shares of Extra Space Storage by 313.7% in the third quarter. Logan Capital Management Inc. now owns 302 shares of the real estate investment trust’s stock worth $43,000 after acquiring an additional 229 shares in the last quarter. Finally, Fulcrum Asset Management LLP purchased a new stake in shares of Extra Space Storage during the third quarter worth $51,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Company Profile

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.