Extra Space Storage Inc. (EXR)

In the past six months, Extra Space Storage's stock has experienced some notable events. The company's 52-week high stock price is $162.77, and its 52-week low is $121.03. As of February 6, 2026, the closing stock price was $140.01. Key events include the Q3 2025 earnings report where EPS missed forecasts but revenue exceeded expectations, a dividend announcement of $1.62 per share for Q4 2025, analyst downgrades from Scotiabank and Bank of America due to a weaker revenue outlook and concerns about demand recovery, the promotion of Noah Springer to President, and an upcoming earnings release scheduled for February 19, 2026.

Demand for Extra Space Storage's products and services exhibits clear seasonality. The self-storage busy season typically runs from spring through summer, with demand peaking from May through August, driven by residential moves, home renovations, and college students. Demand tends to slow down during the fall and winter months due to fewer people moving, a tapering off of home improvement projects, and challenging weather conditions. Seasonal patterns can vary by market.

Extra Space Storage Inc. (EXR) is a self-administered and self-managed REIT, headquartered in Salt Lake City, Utah, and a member of the S&P 500. It is the largest operator of self-storage properties in the United States and the second-largest owner. The company rents self-storage units and generates revenue through ancillary services like tenant reinsurance and third-party property management fees. The company operates under the brands Extra Space Storage, Life Storage, and Storage Express.

As of September 30, 2025, Extra Space Storage owned and/or operated 4,238 self-storage stores across 43 states and Washington, D.C., comprising approximately 2.9 million units and about 326.9 million square feet of rentable space. As of March 28, 2024, the company operated 3,714 locations in 43 states and Washington, D.C., with approximately 2.6 million units and 283.4 million square feet of net rentable space. The company's geographically diverse portfolio helps mitigate risks associated with over-concentration in a single market.

Extra Space Storage has maintained a strong brand reputation, particularly in sustainability. The company has won NAREIT's Leader in the Light Award for superior and sustained sustainability efforts in 2020, 2021, and 2022. It is also the top-rated U.S. Self-Storage company in ESG efforts by GRESB, S&P Global, and JUST Capital. The company has implemented numerous solar projects, significantly reducing energy use and greenhouse gas emissions.

The ownership of Extra Space Storage Inc. is primarily distributed among institutional investors, with a smaller portion held by individual investors and insiders. As of March 5, 2025, institutions controlled a significant majority of the company's stock, owning 93.05% of the shares, while insiders held 1.08%. Major institutional shareholders include The Vanguard Group, Inc., BlackRock, Inc., Cohen & Steers Capital Management, Inc., State Street Global Advisors, Inc., Capital Research and Management Company, Principal Financial Group Inc., and Geode Capital Management, LLC. Individual insider transactions in the past six months primarily show sales by executives and directors.