A Look At Extra Space Storage (EXR) Valuation After Noah Springer Is Promoted To President
Extra Space Storage (EXR) is back in focus after the company promoted longtime executive Noah Springer to President on January 5, 2026. The move consolidates oversight of both strategy functions and day to day operations.
See our latest analysis for Extra Space Storage.
Extra Space Storage’s share price has picked up recently, with a 1 day share price return of 2.09% and a 7 day share price return of 6.28% at a last close of US$139.20. The 1 year total shareholder return of 0.77% decline and 3 year total shareholder return of 4.39% indicate more muted progress, suggesting the leadership change and upcoming investor forum appearance are being weighed against a longer, steadier track record.
If this kind of management driven story interests you, it could be a good moment to broaden your search and check out fast growing stocks with high insider ownership.
With the stock up over the past month but still carrying an indicated intrinsic discount of about 20% and trading below some analyst targets, you have to ask: is there still a buying opportunity here, or is the market already pricing in future growth?
Most Popular Narrative: 9.7% Undervalued
With Extra Space Storage’s fair value in the narrative sitting above the recent US$139.20 close, the story centers on whether earnings power justifies that gap.
The analysts have a consensus price target of $157.75 for Extra Space Storage based on their expectations of its future earnings growth, profit margins and other risk factors. However, there is a degree of disagreement amongst analysts, with the most bullish reporting a price target of $178.0, and the most bearish reporting a price target of just $141.0.
Curious how modest revenue assumptions can still support a higher value? The narrative leans heavily on margin expansion and a richer future earnings multiple. Want the full playbook behind that view?
Result: Fair Value of $154.15 (UNDERVALUED)
Have a read of the narrative in full and understand what's behind the forecasts.
However, this hinges on property taxes not running ahead of revenue, and on excess supply in key markets easing rather than keeping pricing under pressure.
Find out about the key risks to this Extra Space Storage narrative.
Build Your Own Extra Space Storage Narrative
If you see the numbers differently or prefer to stress test the assumptions yourself, you can build your own view in a few minutes: Do it your way.
A great starting point for your Extra Space Storage research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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