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EXR

Extra Space StorageB
NYSE / Equity Real Estate Investment Trusts (REITs)
Last Price
Quote time unavailable
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Current thesis
Bull case hinges on sustained occupancy gains, same-store revenue growth above consensus, continued operating leverage, and multiple expansion to the low-mid 20%s above current levels.
Posture
Constructive
Lead driver
Value
What changed
Next scheduled catalyst: earnings 2026-10-27 · AMC.
What can break
Localized oversupply from new development
Momentum
57
Value
58
Sentiment
55
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $155.00 · Bull $180.00 · Bear $135.00Analysis 2026-01-15; returns require an exact persisted reference.
Earnings
2026-10-27 · AMC
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-01-15 • Model: RankAlpha Sentiment AI
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade B · Constructive
Confidence Medium · Net Neutral
Target $156.42
Why
Momentum57 · Δ7d +2.3
Value58 · Δ7d -
Sentiment55 · Δ7d -5.7
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.

Confirming evidence

  • • Next scheduled catalyst: earnings 2026-10-27 · AMC.
  • • Value remains the lead driver in the composite.

Contradictions & invalidation

  • • Localized oversupply from new development
  • • Macro slowdown reducing demand for storage units
  • • Bear case assumes macro weakness compresses occupancy and rent growth, accelerating new supply in key markets and pressure on FFO multiples.

Catalyst clock

2026-10-27 · AMC

Q4 2025 earnings release and guidance

Lead driver: Value · See fundamentals
Momentum
57
8% active weight
Current posture
7d trendImproving
Δ7d
+2.3
Δ21d
+7.8
Value
58
47% active weight
Current posture
7d trendFlat
Δ7d
-
Δ21d
-
Sentiment
55
45% active weight
Current posture
7d trendSoftening
Δ7d
-5.7
Δ21d
-21.1
Why this grade

Composite grade B. Momentum 57.5 / Value 58.1 / Sentiment 55.1

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-01-15. Scenario method

B+
Bull case
20%
Probability
Target price
$180.00
Analysis reference price unavailable
Analysis 2026-01-15 · RankAlpha Sentiment AI
Most likely
B
Base case
60%
Probability
Target price
$155.00
Analysis reference price unavailable
Analysis 2026-01-15 · RankAlpha Sentiment AI
B-
Bear case
20%
Probability
Target price
$135.00
Analysis reference price unavailable
Analysis 2026-01-15 · RankAlpha Sentiment AI
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$31.64B
Beta
1.27
Shares Out
211.27M
P/E (TTM)
29.3
P/S (TTM)
8.33
P/FCF (TTM) · Derived
85.19
Rev YoY
+3.9%
EPS YoY
+6.0%
Gross Margin
+34.6%
Op Margin
+26.1%
Net Debt
$13.99B
Current Ratio
0.80
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data