EXR Stock Analysis — Extra Space Storage
Sector: REIT
AI Verdict
EXR trades at 30.0x next year's earnings for 7.4% growth, which is expensive for a REIT unless its scale-driven moat keeps delivering above-average profit growth.
Competitive Moat
Extra Space Storage owns and operates a vast network of self-storage facilities, benefiting from high switching costs and local market dominance in many regions. Its scale allows for operational efficiencies and pricing power that smaller competitors can't easily match.
Summary
EXR stands out for its national footprint and operational scale in the fragmented self-storage market.
Where It Stands
EXR is up against a 1-year return of -1.67%, trades at 30.0x forward earnings versus typical REITs in the high teens, and sits at an RSI of 58.1, suggesting neither overbought nor oversold conditions.
Key Metrics
- RSI: 58.1 — Neutral
- Trailing P/E: 32.2x
- Forward P/E: 30.0x
- PEG Ratio: 4.37
- Earnings Growth: +0.1%
- Revenue Growth: +0.0%
- Market Cap: $30.3B
- Dividend Yield: 0.05%
- 1-Year Return: -1.67%
- 52-Week High: $155.19
- 52-Week Low: $125.71
Analyst Consensus
10 Buy · 12 Hold · 2 Sell (24 analysts)
Bull Case
EXR's 7.4% expected EPS growth paired with a 30.0x forward P/E offers rare growth in a sector where most peers grow slower and trade cheaper.
Bear Case
With a trailing P/E of 32.2x and a PEG of 4.37, you're paying a premium the current growth rate doesn't justify, so a drop to sector-average multiples could mean a 40%+ downside.
Catalyst to Watch
Watch for quarterly occupancy and pricing updates — any sign of slowing demand or price pressure could force a valuation reset.