Company Overview - Extra Space Storage Inc. (EXR) is a leading REIT in the self-storage industry, based in Utah, with a market capitalization of $31.7 billion. The company provides a variety of secure storage units across the U.S., including options for boats, RVs, and businesses [1]. Earnings Expectations - EXR is set to announce its fiscal third-quarter earnings for 2025 on October 29, with analysts predicting a Funds From Operations (FFO) of $2.06 per share, a slight decrease from $2.07 per share in the same quarter last year. The company has exceeded Wall Street's FFO estimates in three of the last four quarters, missing in one [2]. - For the current fiscal year, analysts forecast an FFO of $8.15 per share, representing a 10.6% decline from $9.12 in fiscal 2024. However, FFO is expected to increase by 3.6% year-over-year to $8.44 per share in fiscal 2026 [3]. Stock Performance - Over the past year, EXR shares have decreased by 3.1%, underperforming the S&P 500 Index, which gained 13.5%, and the Real Estate Select Sector SPDR Fund, which dropped by 6.6% [4]. - Following the release of Q2 2025 results, EXR's shares fell over 10% due to a core FFO per share of $2.05 that missed expectations, alongside a 3.1% decline in same-store NOI to $474.2 million, attributed to rising expenses and higher interest costs. The management also revised the 2025 guidance to a narrower FFO range of $8.05–$8.25 per share, indicating flat-to-negative same-store revenue growth and NOI declines [5]. Analyst Ratings - The consensus opinion among analysts on EXR stock is generally positive, with a "Moderate Buy" rating overall. Out of 22 analysts, eight recommend a "Strong Buy," one suggests a "Moderate Buy," and 13 advise a "Hold." The average analyst price target for EXR is $156.84, indicating a potential upside of 3.2% from current levels [6].

Group 1 - Extra Space Storage Inc. (NYSE:EXR) is recognized as one of the 13 best warehouse and self-storage stocks to buy currently [1] - UBS has reduced its price target for Extra Space Storage Inc. from $169 to $160 while maintaining a 'Buy' rating [2] - The price revision reflects the company's steady fundamentals despite a softer macroeconomic environment, with revenue for the June 2025 quarter reaching $841.62 million, a 3.8% year-over-year increase, and same-store occupancy at 94.6% [3] Group 2 - Extra Space Storage Inc. operates over 4,100 self-storage facilities across the U.S. and is classified as a self-administered and self-managed REIT [4]

Core Viewpoint - Extra Space Storage Inc. is set to release its financial results for the three and nine months ended September 30, 2025, on October 29, 2025, after market close, followed by a conference call on October 30, 2025, to discuss these results [1]. Financial Results Announcement - The financial results will be released after market close on October 29, 2025 [1]. - A conference call will be held on October 30, 2025, at 1:00 p.m. Eastern Time, hosted by CEO Joe Margolis and CFO Jeff Norman [1]. Conference Call Participation - A live webcast of the conference call will be available on the company's investor relations page [2]. - Participants can pre-register for the call to receive a special dial-in number and PIN to avoid delays [2]. - A replay of the conference call will be available on the investor relations website starting October 30, 2025, at 5:00 p.m. ET, for one year [2]. Company Overview - Extra Space Storage Inc. is a fully integrated, self-administered, and self-managed real estate investment trust (REIT) and a member of the S&P 500 [4]. - As of June 30, 2025, the company owned and/or operated 4,179 self-storage properties, comprising approximately 2.9 million units and about 321.5 million square feet of rentable storage space [4]. - The company is the largest operator of self-storage properties in the United States, offering a variety of storage options including boat, RV, and business storage [4].

Company Overview - Extra Space Storage Inc. (EXR) has a market cap of $31.2 billion and is a leading self-storage real estate investment trust (REIT) [1] - As of June 30, 2025, the company operates 4,179 stores across 43 states and Washington, D.C., with approximately 2.9 million units and 321.5 million square feet of rentable space [1][2] Stock Performance - Shares of Extra Space Storage have declined 22.1% from their 52-week high of $184.87, and have decreased 3.8% over the past three months, underperforming the Dow Jones Industrials Average's 8.6% rise during the same period [3] - Year-to-date, EXR stock is down 3.8%, lagging behind the Dow Jones Industrials Average's 7.7% gain, and has dipped 19.1% over the past 52 weeks compared to the Dow's 10.7% increase [4] Financial Results - Following Q2 2025 results on July 30, shares tumbled over 10% as core FFO per share was reported at $2.05, missing consensus estimates [5] - Same-store NOI dropped 3.1% to $474.2 million, while expenses surged 8.6% to $191.4 million, and interest expenses climbed 6.6% to $146.1 million, impacting margins despite a 60-basis-point occupancy gain to 94.6% [5] - Management revised 2025 guidance to a narrower FFO range of $8.05 to $8.25 per share, with expectations of flat-to-negative same-store revenue growth and NOI decline [5] Competitive Landscape - Rival Lineage, Inc. (LINE) has performed weaker than EXR, with LINE stock down 27.9% year-to-date and 49.2% over the past 52 weeks [6] - Despite underperformance, analysts maintain a moderately optimistic outlook for LINE, with a consensus rating of "Moderate Buy" and a mean price target of $157.63, representing a 9.4% premium to current levels [6]

Group 1 - Albert Anthony is a Croatian-American business author and media contributor on investor platforms, with over 1,000 followers on Seeking Alpha [1] - He has a background in IT analysis for Fortune 500 companies and worked in technical support at Charles Schwab in 2021 [1] - Albert Anthony has launched his own equities research firm, Albert Anthony & Company, which operates 100% remotely [1] Group 2 - He is set to release a book titled "Real Estate Investment Trusts (REITs): A Fundamental Analysis" on Amazon in 2025 [1] - Albert Anthony has participated in numerous business and innovation conferences, trade shows, and panel discussions in the EU market, particularly in Croatia [1] - He is currently pursuing the CMSA certification at the Corporate Finance Institute in Vancouver [1] Group 3 - The author does not write about non-publicly traded companies, small cap stocks, or startup CEOs [1] - Albert Anthony & Company is a sole proprietorship registered in Austin, Texas, and does not provide personalized financial advisory or manage client funds [1] - The firm provides general market commentary and research based on publicly available data [1]

Core Insights - Extra Space Storage Inc (EXR) shares have crossed above their 200-day moving average of $155.97, trading as high as $156.06 per share, indicating a positive market movement [1][2]. - The current trading price represents an increase of approximately 1% on the day [1]. - Over the past year, EXR shares have experienced a low of $139.97 and a high of $216.52, with the last trade recorded at $156.13 [3]. Technical Analysis - The 200-day moving average is a significant technical indicator, and EXR's recent performance suggests a bullish trend as it surpasses this level [1][2]. - The performance range of EXR shares over the past 52 weeks highlights volatility, with a notable difference between the low and high points [3].

Core Viewpoint - Extra Space Storage Inc. is a real estate investment trust (REIT) focused on owning, operating, and managing storage facilities across the U.S. The company is set to report its Q3 2025 earnings on October 28, with expectations of a decline in EPS but an increase in quarterly revenue compared to the previous year [1][2]. Financial Performance - For Q3 2025, analysts expect Extra Space Storage to post an EPS of $1.54, down from $2.07 in the prior-year period [2]. - Quarterly revenue is anticipated to reach $790.49 million, an increase from $710.87 million a year earlier [2]. - In Q2 2025, the company reported FFO of $2.05, slightly below the consensus estimate of $2.06, with revenues of $665.56 million, compared to the consensus of $761.95 million [7]. Historical Investment Performance - If an investor had purchased Extra Space Storage stock 10 years ago at approximately $73.08 per share, a $10,000 investment would have grown to $20,153 based on stock price appreciation alone, with current shares trading at $147.28 [3]. - Over the past decade, the company has paid about $47.13 in dividends per share, resulting in an additional $6,449 from dividends alone [4]. - The total value of the investment after 10 years would be $26,602, representing a total return of 166.02%, which is significantly lower than the S&P 500 total return of 292.70% for the same period [5]. Analyst Ratings and Future Outlook - Extra Space Storage has a consensus rating of "Neutral" with a price target of $155.53, indicating more than 5% potential upside from the current stock price [6]. - The CEO highlighted solid second-quarter results driven by high occupancy rates and improving customer behavior, while maintaining annual FFO and same-store guidance [8].

Company Overview - Extra Space Storage Inc. is a fully integrated, self-administered and self-managed real estate investment trust, and a member of the S&P 500 [2] - As of June 30, 2025, the company owned and/or operated 4,179 self-storage properties, comprising approximately 2.9 million units and about 321.5 million square feet of rentable storage space [2] - The company is the largest operator of self-storage properties in the United States, offering a wide selection of conveniently located and secure storage units, including boat storage, RV storage, and business storage [2] Dividend Announcement - The company's board of directors declared a third quarter 2025 dividend of $1.62 per share on the common stock [1] - The dividend is payable on September 30, 2025, to stockholders of record at the close of business on September 15, 2025 [1]

Group 1 - Federal Realty Trust (FRT) is highlighted as the only dividend king in the real estate sector, indicating its strong performance in maintaining and increasing dividends over time [1] - The article discusses the health of shopping centers within the real estate industry, suggesting a focus on the retail segment's resilience and potential for growth [1]

Core Viewpoint - Extra Space Storage Inc. has announced a public offering of $800 million in senior notes with a 4.950% interest rate, maturing in 2033, to support its financial operations and potential acquisitions [1][3]. Group 1: Offering Details - The public offering is priced at 99.739% of the principal amount and is expected to close around August 8, 2025, pending customary closing conditions [2][1]. - The senior notes will be fully and unconditionally guaranteed by Extra Space and certain subsidiaries [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to repay outstanding amounts under lines of credit and commercial paper programs, as well as for general corporate and working capital purposes, including potential acquisitions [3]. Group 3: Company Overview - Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust, a member of the S&P 500, operating 4,179 self-storage stores across 43 states and Washington, D.C., with approximately 2.9 million units and 321.5 million square feet of rentable space [6].