Barclays Lifts Extra Space Storage (EXR) Target as Self-Storage REIT Models Are Updated

Extra Space Storage Inc. (NYSE:EXR) is included among the 15 Best Stocks to Buy Now for Passive Income.

On March 5, Barclays raised its terms proposal connected Extra Space Storage Inc. (NYSE:EXR) to $170 from $164. It reiterated an Overweight standing connected the shares. The steadfast said it updated its models for self-storage existent property concern trusts pursuing the fourth-quarter reports.

During the Q4 2025 net call, CEO Joseph Margolis said Extra Space delivered humble growth, adjacent arsenic operating conditions remained challenging, though helium noted they are gradually improving. He said the institution generated 2.5% halfway FFO maturation successful the 4th fourth and 1.1% maturation for the afloat year. Margolis pointed to improving operating trends crossed the portfolio. Sixteen of the company’s apical 20 markets reported year-over-year increases successful move-in rates.

He besides noted that gross trends improved arsenic the twelvemonth progressed. Same-store gross returned to affirmative territory successful the 4th quarter, rising 0.4%. Margolis besides spoke astir the company’s superior allocation. He said Extra Space repurchased astir $141 cardinal of its communal shares during the period. The institution besides acquired 27 operating retention properties for astir $305 cardinal and originated $80 cardinal successful span loans.

He added that the company’s diversified outer maturation level continues to unfastened opportunities crossed respective channels. According to Margolis, this attack gives the institution an borderline erstwhile competing for outer maturation opportunities successful the industry.

Extra Space Storage Inc. (NYSE:EXR) is simply a self-administered and self-managed existent property concern trust. The institution owns, operates, manages, provides lending to, acquires, develops, and redevelops self-storage properties. Its facilities connection month-to-month rental of retention abstraction for idiosyncratic oregon concern use.

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