Extra Space Storage Inc. (EXR)

In the past six months, Extra Space Storage Inc. has experienced several notable stock events. The company released its first-quarter 2025 results on April 29, 2025, reporting a net income attributable to common stockholders of $1.28 per diluted share, a 26.7% increase year-over-year. On July 30, 2025, EXR announced its second-quarter 2025 results, with net income attributable to common stockholders rising by 34.1% to $1.18 per diluted share compared to the prior year. Extra Space Storage declared a third-quarter 2025 dividend of $1.62 per share, payable on September 30, 2025. Analyst ratings for EXR have shown a mixed sentiment. As of October 3, 2025, the stock closed at $142.82 and has underperformed the US Specialized REITs industry and the broader US market over the past year.

The self-storage industry, including Extra Space Storage, typically experiences seasonal demand patterns. The peak season for storage rentals generally runs from spring through summer, driven by residential moves, home renovations, and college students needing storage. Demand tends to slow down during the fall and winter months as fewer people move and home improvement projects decrease. Operators often use the off-season to focus on tenant experience, maintenance, and offering promotions to drive demand.

Extra Space Storage, Inc. (EXR) is a self-administered and self-managed REIT specializing in self-storage facilities, operating within the Real Estate sector. Headquartered in Salt Lake City, Utah, it is a member of the S&P 500 and the largest operator of self-storage properties in the United States. The company leases storage units to individuals and businesses, offering various unit sizes and features. It also generates revenue through tenant reinsurance and managing self-storage facilities for third parties.

As of June 30, 2025, Extra Space Storage owned and/or operated 4,179 self-storage stores across 43 states and Washington, D.C., comprising approximately 2.9 million units and 321.5 million square feet of rentable space under the Extra Space brand. This extensive presence makes it the largest owner and manager of self-storage units in the United States.

Extra Space Storage generally maintains a positive brand reputation, with customer feedback praising clean, secure, and well-maintained facilities, along with convenient services and helpful staff. The company has received recognition for corporate responsibility and sustainability, including NAREIT's Leader in the Light Award. However, there have been concerns raised regarding the company's pricing strategy, with one comment describing it as an "abusive pricing approach," which could negatively impact customer sentiment and brand reputation.

Extra Space Storage Inc. has a diverse ownership structure, with institutional investors holding a significant portion of the company’s stock, approximately 87.53% to 99.11%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and Cohen & Steers, Inc. Spencer Kirk is the largest individual shareholder, owning 10.21 million shares, representing 4.81% of the company.