Research Analysts Set Expectations for Extra Space Storage Inc.’s Q3 2025 Earnings (NYSE:EXR)

Extra Space Storage Inc. (NYSE:EXR) – Research analysts at Zacks Research lowered their Q3 2025 earnings per share (EPS) estimates for Extra Space Storage in a research report issued to clients and investors on Tuesday, May 21st. Zacks Research analyst R. Department now anticipates that the real estate investment trust will earn $2.06 per share for the quarter, down from their prior forecast of $2.12. The consensus estimate for Extra Space Storage’s current full-year earnings is $8.05 per share. Zacks Research also issued estimates for Extra Space Storage’s Q4 2025 earnings at $2.06 EPS, FY2025 earnings at $8.19 EPS, Q1 2026 earnings at $2.09 EPS and FY2026 earnings at $8.46 EPS.

Extra Space Storage (NYSE:EXR) last announced its earnings results on Tuesday, February 27th. The real estate investment trust reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $2.03 by ($1.01). Extra Space Storage had a net margin of 29.10% and a return on equity of 6.76%. The firm had revenue of $797.77 million for the quarter, compared to analyst estimates of $778.05 million. During the same period in the previous year, the company earned $2.09 EPS. Extra Space Storage’s revenue was up 57.4% compared to the same quarter last year.

EXR has been the subject of several other reports. Barclays increased their price objective on Extra Space Storage from $157.00 to $158.00 and gave the stock an “overweight” rating in a research report on Monday. StockNews.com lowered Extra Space Storage from a “hold” rating to a “sell” rating in a research report on Saturday, March 2nd. Evercore ISI lowered their price objective on Extra Space Storage from $145.00 to $139.00 in a research report on Wednesday, May 1st. Wells Fargo & Company increased their price objective on Extra Space Storage from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Finally, Scotiabank started coverage on Extra Space Storage in a research report on Tuesday, February 13th. They issued a “sector underperform” rating and a $131.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Extra Space Storage has an average rating of “Hold” and an average price target of $149.75.

Extra Space Storage Price Performance

EXR stock opened at $146.36 on Thursday. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.15 and a quick ratio of 0.15. The business has a 50 day simple moving average of $142.22 and a 200-day simple moving average of $142.52. The firm has a market capitalization of $30.99 billion, a PE ratio of 32.60, a price-to-earnings-growth ratio of 3.50 and a beta of 0.76. Extra Space Storage has a 1 year low of $101.19 and a 1 year high of $164.99.

Insider Buying and Selling at Extra Space Storage

In related news, EVP Gwyn Goodson Mcneal sold 1,350 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $145.00, for a total transaction of $195,750.00. Following the completion of the sale, the executive vice president now owns 37,028 shares in the company, valued at approximately $5,369,060. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Extra Space Storage news, EVP Gwyn Goodson Mcneal sold 1,350 shares of the stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $145.00, for a total transaction of $195,750.00. Following the completion of the sale, the executive vice president now directly owns 37,028 shares of the company’s stock, valued at approximately $5,369,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Samrat Sondhi sold 2,048 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $146.46, for a total value of $299,950.08. Following the sale, the chief marketing officer now owns 94,126 shares of the company’s stock, valued at approximately $13,785,693.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 3,532 shares of company stock worth $514,819. 1.36% of the stock is owned by insiders.

Institutional Investors Weigh In On Extra Space Storage

Several large investors have recently modified their holdings of the stock. Zions Bancorporation N.A. grew its holdings in Extra Space Storage by 241.9% during the third quarter. Zions Bancorporation N.A. now owns 212 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 150 shares during the period. EdgeRock Capital LLC acquired a new stake in Extra Space Storage in the fourth quarter valued at $26,000. Creekmur Asset Management LLC acquired a new stake in Extra Space Storage in the fourth quarter valued at $26,000. EverSource Wealth Advisors LLC lifted its position in shares of Extra Space Storage by 162.5% in the third quarter. EverSource Wealth Advisors LLC now owns 231 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 143 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC purchased a new stake in shares of Extra Space Storage in the third quarter valued at $32,000. Hedge funds and other institutional investors own 99.11% of the company’s stock.

Extra Space Storage Company Profile

Extra Space Storage Inc, headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of December 31, 2023, the Company owned and/or operated 3,714 self-storage stores in 42 states and Washington, DC The Company's stores comprise approximately 2.6 million units and approximately 283.0 million square feet of rentable space operating under the Extra Space, Life Storage and Storage Express brands.