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Extra Space Storage: Wells Fargo maintains a 'Equal-Weight' Rating, The Target Price is $160
ByAinvest
Wednesday, Jul 23, 2025 12:00 pm ET1min read
Wells Fargo maintains 'Equal-Weight' rating on Extra Space Storage(EXR).
The target price is $160, compare with $165 previously.
[Recent Rating]
| Date | Agency | Change | Rating | Rating （previously） | Target Price | Target Price（previously） |
|---|---|---|---|---|---|---|
| 2025-07-23 | Wells Fargo | Maintains | Equal-Weight | Equal-Weight | $160 | $165 |
[Recent Earning Results] Extra Space Storage posted the Q1 of its 2025 financial results on 5/2/2025, reporting total revenue of USD 820.00 million in the first quarter, up 2.56% from USD 799.54 million year over year, reporting net income of USD 284.93 million in the first quarter, up 27.16% from USD 224.07 million year over year.
[Company Profile] Extra Space Storage Inc. formed as a Maryland corporation on April 30, 2004. The company is a fully integrated, self-administered and self-managed REIT, formed to own, operate, manage, acquire, develop and redevelop self-storage properties. The company derive substantially all of revenues from two segments: storage operations and tenant reinsurance. Primary sources of revenue for storage operations segment include rents received from tenants under leases at each of wholly-owned stores.
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