Learn more about whether Extra Space Storage Inc. is a good stock to buy or sell based on recent news as well as its key financial metrics. Read on to find out how (EXR) grades on certain investment factors and determine whether it meets your investment needs.

Latest Extra Space Storage Inc. Stock News

As of March 31, 2026, Extra Space Storage Inc. had a $27.7 billion market capitalization, putting it in the 90th percentile of companies in the Specialized REITs industry.

Currently, Extra Space Storage Inc.’s price-earnings ratio is 28.6. Extra Space Storage Inc.’s trailing 12-month revenue is $3.4 billion with a 28.3% profit margin. Year-over-year quarterly sales growth most recently was 4.6%. Analysts expect adjusted earnings to reach $4.582 per share for the current fiscal year. Extra Space Storage Inc. currently has a 4.9% dividend yield.

CFRA has a positive fundamental outlook on the S&P Specialized REIT Index. Our outlook is driven by our positive view of self-storage REITs along with data center and tower REITs, with a neutral view on advertising and document storage REITs. We are neutral on advertisers and see revenue expanding modestly in 2021 after the contraction in 2020. Revenue growth is expected to be mid single-digits as advertising dollars will be pared back by corporations due to fall out from the coronavirus. We see growth in the continuing build-out of digital billboards, which command higher prices and provide advertising agencies more flexibility than static billboards. We are neutral on document storage as we do not see catalysts for future growth other than continued acquisitions, which may increase balance sheet risk with additional debt. For the tower and broadcast REITs, we see steady growth prospects in the intermediate term reflecting tenant renewals by leading wireless providers, including customers integrating past acquisitions. Tower REITs will continue to benefit from higher demand due to robust mobile data traffic and the need for carriers to continually improve their network quality and coverage. 5G rollouts have been strong throughout 2021 and are expected to continue accelerating with the deployment of small cells and new macro antennas to support the network. In addition, 5G networks will deploy edge computing, which could present a new revenue stream for these companies, which will be able to lease space next to the towers. In addition, service providers will begin deploying spectrum purchased in the CBRS and C-band auctions beginning in the second half of 2021 and continuing through the end of 2023. With the Sprint/T-Mobile merger complete, we expect tower operators to see a boost in revenues from new hardware installations as T-Mobile installs 600 MHz equipment on Sprint’s towers and 2.5GHz equipment on T-Mobile towers. DISH Networks will begin spending heavily on its new 5G network over the next few years to meet FCC requirements. The Covid-19 outbreak was a strong tailwind for data center operators and we expect to continue to see elevated levels of investment, even as the world returns to normal, to cope with the exponential growth in data traffic. We are positive on data centers, which will benefit from continuing growth in global internet traffic, e-commerce, connected devices, high definition video, and cloud-based storage and services. Additionally, we see industry consolidation driving economies of scale and pricing leverage. We now have a positive fundamental outlook for self-storage REITs, an upgrade from our previously neutral view. We see increased demand for self-storage as people are reevaluating living and working situations postpandemic. We also note self-storage operators have seen record activity in the early part of the year (usually the season’s slowest time), which we think will continue through the summer. We think timber REITs’ revenue growth will remain robust due to high demand and supply shortages pushing up pricing. Strong housing markets continue to keep demand high while supply chain issues have kept prices high as well.

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Grading Extra Space Storage Inc. Stock

Before you choose to buy, sell or hold Extra Space Storage Inc. stock, you’ll want to analyze how it has been graded. Stock evaluation requires access to huge amounts of data and the knowledge and time to sift through it all, making sense of financial ratios, reading income statements and analyzing recent stock movement. To help individual investors decide whether or not to buy (EXR) stock, AAII created A+ Investor, a robust data suite that condenses data research in an actionable and customizable way that is suitable for investors of all knowledge levels.

AAII’s proprietary stock grades come with A+ Investor. These offer intuitive A‐F grades for each of five key investing factors: value, growth, momentum, earnings revisions and quality. Here, we’ll take a closer look at Extra Space Storage Inc.’s stock grades for value, growth and quality. Learn more about A+ Investor here!

Extra Space Storage Inc. Stock Value Grade

Buying stocks that are going to go up typically means buying stocks that are undervalued in the first place, although momentum investors may argue that point.

AAII’s A+ Investor Value Grade is derived from a stock’s value score. The value score is the percentile rank of the average of the percentile ranks of the price-to-sales ratio, price-earnings ratio, enterprise-value-to-EBITDA (EV/EBITDA) ratio, shareholder yield, price-to-book-value ratio and price-to-free-cash-flow ratio. The score is variable, meaning it can consider all six ratios or, should any of the six ratios not be valid, the remaining ratios that are valid. To be assigned a Value Score, stocks must have a valid (non-null) ratio and corresponding ranking for at least two of the six valuation ratios.

Stocks with a Value Score from 81 to 100 are considered deep value, those with a score between 61 and 80 are a good value and so on.

Extra Space Storage Inc. has a Value Score of 24, which is Expensive.

Extra Space Storage Inc. Stock Growth Grade

The foundation of growth investing is seeking out stocks of companies exhibiting strong, consistent and prolonged growth that is expected to continue into the future.

In order to compute the Growth Score and assign it a letter grade, the percentile ranks for each of the three individual components‐consistency of annual sales growth, five‐year sales growth rankings adjusted for extreme levels, and consistency of positive annual cash from operations‐must be determined. These three rank figures are added together, and the sum is ranked against the entire stock universe to arrive at a company’s Growth Score to create an equal distribution of grades.

The companies in the bottom 20% of the stock universe receive Growth Grades of F, considered Very Weak, while those in the top 20% receive A grades, which are considered Very Strong.

Extra Space Storage Inc. has a Growth Score of 69, which is Strong.

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Extra Space Storage Inc. Stock Quality Grade

Like the Value Grade, AAII’s A+ Investor Quality Grade comes from the percentile rank of key metrics. Specifically, the Quality Grade is the percentile rank of the average of the percentile ranks of return on assets (ROA), return on invested capital (ROIC), gross profit relative to assets, buyback yield, change in total liabilities to assets, accruals, Z double prime bankruptcy risk (Z) score and F-Score.

The score is variable, meaning it can consider all eight measures or, should any of the eight measures not be valid, the remaining measures that are valid. To be assigned a Quality Score, stocks must have a valid (non-null) measure and corresponding ranking for at least four of the eight quality measures.

The Quality Score is used to assess the underlying “quality” of a particular stock. A higher quality stock possesses traits associated with upside potential and reduced downside risk. Backtesting of the Quality Grade shows that stocks with higher grades, on average, outperformed stocks with lower grades over the period of 1998 through 2019.

Stocks receive better grades (higher scores) for having higher scores for the quality subcomponents and worse grades (lower scores) for lower scores for the subcomponents.

Extra Space Storage Inc. has a Quality Score of 52, which is Average.

Extra Space Storage Inc. Stock Momentum Grade

Momentum grades help uncover stocks experiencing anomalously high rates of return; research finds that stocks with high relative levels of momentum tend to outperform, whereas those with low levels of momentum tend to continue underperforming. Momentum is based on the price change of a stock over a specified period relative to all other stocks.

Typically, AAII looks at the weighted relative strength over the trailing four quarters. The weighted four-quarter relative strength rank is the relative price change for each of the past four quarters. The most recent quarterly price change is given a weight of 40% and each of the three previous quarters are given a weighting of 20%.

Extra Space Storage Inc. has a Momentum Score of 35, which is Weak.

Extra Space Storage Inc. Stock Earnings Estimate Revisions Grade

The Earnings Estimate Revisions Score considers the magnitude of a company’s earnings surprise in its last two reported fiscal quarters. Often, positive surprises beget further positive surprises‐or at least continued sales growth (the exact opposite is generally true, too).

Estimate revisions offer an indication of what analysts are thinking about the short-term prospects of a firm. The Earnings Estimate Revisions Score is based on the statistical significance of a firm’s last two quarterly earnings surprises and the percentage change in its consensus estimate for the current fiscal year over the past month and past three months.

Extra Space Storage Inc. has an Earnings Estimate Revisions Score of 36, which is Negative.

Should I Buy Extra Space Storage Inc. Stock?

Overall, Extra Space Storage Inc. stock has a Value Grade of D, Growth Grade of B, Quality Grade of C, Momentum Grade of D Earnings Estimate Revisions Grade of D.

Whether or not you should buy Extra Space Storage Inc. stock will ultimately depend on your individual goals, risk tolerance and allocation. AAII can help you figure these out and identify which investments align with what works best for you.

Lastly, it’s important to evaluate a stock by comparing it against others in the same industry. Review the table below to see how Extra Space Storage Inc. stock stands up against its competitors. Click into any of the below tickers to see their stock grades for value, momentum, quality and EPS revisions.

Extra Space Storage Inc. (EXR) Competitors

Companies similar to Extra Space Storage Inc. in the Specialized REITs industry.

Company name	Ticker	Market Cap
Iron Mountain Incorporated	IRM	$30.38Bil
VICI Properties Inc.	VICI	$29.20Bil
Crown Castle Inc.	CCI	$35.46Bil
Public Storage	PSA	$47.55Bil
Digital Realty Trust, Inc.	DLR	$61.92Bil

Extra Space Storage Inc. Stock: Bottom Line

You can use the information about how Extra Space Storage Inc. is graded to determine if you should invest in this stock. However, you should decide whether Extra Space Storage Inc.’s stock is a buy, sell or hold based on a combination of grades, metrics, ratios and U.S. Securities and Exchange Commission (SEC) reports.

Investors are encouraged to do their own due diligence and research. In this way, individuals can effectively become managers of their own assets—without having to rely on others for financial independence. You can count on AAII for timeless articles on financial planning and stock-picking, unbiased research and actionable analysis.

So, if you’re still on the fence about whether Extra Space Storage Inc. is a buy, sell or hold, you can utilize AAII’s expansive and robust screening tools like A+ Investor to help with your decision.

A+ Investor adds to its qualitative teaching by giving you a powerful data suite that helps you whittle down investment decisions, find stocks, exchange-traded funds (ETFs) or mutual funds that meet your needs.