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NYSE: EXR
Extra Space Storage Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for EXR

Based on 9 analysts offering 12 month price targets for Extra Space Storage Inc.
Min Forecast
$155.00-11.3%
Avg Forecast
$170.44-2.46%
Max Forecast
$188.00+7.59%

Should I buy or sell EXR stock?

Based on 9 analysts offering ratings for Extra Space Storage Inc.
Buy
Strong Buy
3 analysts 33.33%
Buy
1 analysts 11.11%
Hold
3 analysts 33.33%
Sell
2 analysts 22.22%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their EXR stock forecasts and price targets.

EXR stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-09-09
lockedlocked$00.00+00.00%2024-08-28
lockedlocked$00.00+00.00%2024-08-22
lockedlocked$00.00+00.00%2024-08-22
lockedlocked$00.00+00.00%2024-08-16
Bank of America
Top 26%
75
SellDowngrades$155.00-11.30%2024-08-05
Wells Fargo
Top 20%
81
Strong BuyMaintains$175.00+0.15%2024-07-26
Raymond James
Top 18%
83
BuyMaintains$175.00+0.15%2024-07-23
Citigroup
Bottom 3%
3
HoldMaintains$160.00-8.44%2024-06-07

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Forecast return on equity

Is EXR forecast to generate an efficient return?
Company
13.81%
Industry
18.69%
Market
58.7%
EXR's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is EXR forecast to generate an efficient return on assets?
Company
7.05%
Industry
9.69%
EXR is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

EXR earnings per share forecast

What is EXR's earnings per share in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$8.07+111.77%
Avg 2 year Forecast
$8.28+117.36%
Avg 3 year Forecast
$8.65+127.03%
EXR's earnings are forecast to... subscribe to Premium to read more.
Forecast High Earnings Growth Forecast

EXR revenue forecast

What is EXR's revenue in the next 3 years based on estimates from 4 analysts?
Avg 1 year Forecast
$3.2B+2.35%
Avg 2 year Forecast
$3.3B+4.81%
Avg 3 year Forecast
$3.4B+8.33%
EXR's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

EXR earnings growth forecast

How is EXR forecast to perform vs REIT - Industrial companies and vs the US market?
Company
31.28%
Industry
26.37%
Market
17.03%
EXR's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
EXR's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Market Forecast
EXR's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Savings Rate Forecast

EXR revenue growth forecast

How is EXR forecast to perform vs REIT - Industrial companies and vs the US market?
Company
2.65%
Industry
4.71%
Market
9.31%
EXR's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
EXR's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

EXR vs Industrial REIT Stocks

TickerPricePrice TargetUp/downsideConsensus
EXR$174.74$170.44-2.46%Buy
LINE$82.81$93.87+13.35%Buy
PSA$351.50$336.56-4.25%Buy
CUBE$51.96$50.71-2.40%Hold
REXR$49.86$52.00+4.29%Buy
View Top Industrial REIT Stocks

Extra Space Storage Stock Forecast FAQ

Is Extra Space Storage Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NYSE: EXR) stock is to Buy EXR stock.

Out of 9 analysts, 3 (33.33%) are recommending EXR as a Strong Buy, 1 (11.11%) are recommending EXR as a Buy, 3 (33.33%) are recommending EXR as a Hold, 2 (22.22%) are recommending EXR as a Sell, and 0 (0%) are recommending EXR as a Strong Sell.

If you're new to stock investing, here's how to buy Extra Space Storage stock.

What is EXR's earnings growth forecast for 2024-2026?

(NYSE: EXR) Extra Space Storage's forecast annual earnings growth rate of 31.28% is forecast to beat the US REIT - Industrial industry's average forecast earnings growth rate of 26.37%, and it is also forecast to beat the US market's average forecast earnings growth rate of 17.03%.

Extra Space Storage's earnings in 2024 is $803,468,000.On average, 7 Wall Street analysts forecast EXR's earnings for 2024 to be $1,709,967,868, with the lowest EXR earnings forecast at $1,697,548,847, and the highest EXR earnings forecast at $1,720,861,003. On average, 7 Wall Street analysts forecast EXR's earnings for 2025 to be $1,755,066,295, with the lowest EXR earnings forecast at $1,710,264,569, and the highest EXR earnings forecast at $1,790,797,473.

In 2026, EXR is forecast to generate $1,833,183,212 in earnings, with the lowest earnings forecast at $1,746,292,447 and the highest earnings forecast at $1,886,165,386.

What is EXR's revenue growth forecast for 2024-2026?

(NYSE: EXR) Extra Space Storage's forecast annual revenue growth rate of 2.65% is not forecast to beat the US REIT - Industrial industry's average forecast revenue growth rate of 4.71%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.31%.

Extra Space Storage's revenue in 2024 is $3,156,010,000.On average, 4 Wall Street analysts forecast EXR's revenue for 2024 to be $684,535,406,925, with the lowest EXR revenue forecast at $674,634,310,223, and the highest EXR revenue forecast at $689,571,468,504. On average, 4 Wall Street analysts forecast EXR's revenue for 2025 to be $701,048,678,910, with the lowest EXR revenue forecast at $690,522,392,559, and the highest EXR revenue forecast at $708,138,541,473.

In 2026, EXR is forecast to generate $724,551,995,043 in revenue, with the lowest revenue forecast at $705,835,724,273 and the highest revenue forecast at $743,022,004,670.

What is EXR's forecast return on assets (ROA) for 2024-2027?

(NYSE: EXR) forecast ROA is 7.05%, which is lower than the forecast US REIT - Industrial industry average of 9.69%.

What is EXR's Price Target?

According to 9 Wall Street analysts that have issued a 1 year EXR price target, the average EXR price target is $170.44, with the highest EXR stock price forecast at $188.00 and the lowest EXR stock price forecast at $155.00.

On average, Wall Street analysts predict that Extra Space Storage's share price could fall to $170.44 by Sep 9, 2025. The average Extra Space Storage stock price prediction forecasts a potential downside of 2.46% from the current EXR share price of $174.74.

What is EXR's Earnings Per Share (EPS) forecast for 2024-2026?

(NYSE: EXR) Extra Space Storage's current Earnings Per Share (EPS) is $3.81. On average, analysts forecast that EXR's EPS will be $8.07 for 2024, with the lowest EPS forecast at $8.01, and the highest EPS forecast at $8.12. On average, analysts forecast that EXR's EPS will be $8.28 for 2025, with the lowest EPS forecast at $8.07, and the highest EPS forecast at $8.45. In 2026, EXR's EPS is forecast to hit $8.65 (min: $8.24, max: $8.90).

What is EXR's forecast return on equity (ROE) for 2024-2027?

(NYSE: EXR) forecast ROE is 13.81%, which is considered weak.
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