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Morningstar

Morningstar

May 15, 2026

Extra Space Storage Inc.: Extra Space Storage Earnings: Strong Results Amid Signs of Supply-Side Relief Is Encouraging

Symbols

EXR

Sector(s)

Real Estate

Rating

Current Price

142.63

Fair Value

Economic Moat

Stewardship

Summary

Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages more than 4,200 self-storage properties in 43 states, with over 330 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint vent

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Analyst Profile

Kevin Brown

Equity Analyst

Kevin Brown is an equity analyst on the finance team for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers apartment, healthcare, and hotel REITs and real estate service companies in the United States.Before joining Morningstar in 2018, Brown worked at an asset-management company focused on global real estate, spending nine years covering healthcare and hotel REITs.Brown holds a bachelor’s degree in economics from Dartmouth College. He also holds the Chartered Financial Analyst® designation.

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