Extra Space Storage

Extra Space Storage reported core FFO of $2.04 per share for Q1 2026 (+2.0%) on revenue of $856 million, beating analysts' expectations. Earnings per share fell year‑over‑year due to a gain on dispositions in the prior year; same-store revenue grew 1.7% and NOI increased 1.2%. The company sees increased margin pressure from cost inflation (insurance +12.3%, operating expenses +6.0%) but keeps its full-year core FFO guidance at $8.05–$8.35. Balance sheet metrics, a conservative leverage profile and available repurchase/ATM programs support financial flexibility, while management highlights risks such as competition and macroeconomic uncertainty. » Mere på de.investing.com

Extra Space Storage reported Q1 2026 EPS of $1.14 (forecast $1.12) and revenue of $856 million (forecast $850 million). Core FFO rose 2% year-on-year and same-store revenue growth accelerated to 1.7%. The company confirmed its annual guidance for Core FFO ($8.05–$8.35) and highlighted the strength of its proprietary pricing system and a solid balance sheet. The stock ticked up slightly in premarket trading. » Mere på de.investing.com

Extra Space Storage is the largest US self-storage operator with a technology-enabled platform and a capital-light model that generates recurring, high-margin fee income via third-party management. The company is well placed to benefit from industry consolidation by acquiring or managing underperforming assets and can reprice month-to-month leases quickly, offering inflation protection and resilient cash flows. Shares traded around $129 in late March with trailing and forward P/E of about 28.4 and 26.4, while hedge fund holdings declined modestly quarter-over-quarter. » Mere på finance.yahoo.com

Analysts have diverging views on Extra Space Storage (EXR) after recent model updates: Truist cut its price target to $140 and kept a Hold, while JPMorgan and Mizuho raised targets to $144 and $150 respectively. Overall analyst ratings are split—38% Buy, 52% Neutral and 10% Bearish—with a 1-year median price target of $150 implying about 16% upside. The company operates over 4,200 self-storage locations and revisions reflect updated Q4 results and revised revenue and expense assumptions in the sector. » Mere på finance.yahoo.com

Wells Fargo lowered its price target on Extra Space Storage to $150 from $160 while reiterating an Overweight rating, citing caution on the storage REIT sector after strong year-to-date gains and the risk that 2026 outlooks may trail Street expectations. Extra Space reported Q4 core FFO growth of 2.5% (1.1% for the year), same-store revenue up 0.4%, and improved move-in rates in 16 of its top 20 markets. Management highlighted disciplined capital allocation including $141M in buybacks and $305M of acquisitions, plus cost control that offset higher marketing and healthcare expenses as the company seeks to build revenue momentum into 2026. » Mere på finance.yahoo.com