Extra Space Storage Inc. (EXR) earnings on July 28, 2026

After the market closes Q2 2026

More Extra Space Storage Inc. earnings

Prior outlook: Pessimistic Outcome: Partial

The stock initially rose after the company beat profit forecasts and raised its full-year outlook, but gains faded to end nearly flat.

EXR price around the earnings

152.85

Change: +0.4%

2026-07-29, 20:00 UTC

Start of the measured window End of the measured window
148.85 151.82 154.79 157.76 152.21
Price series around the eventClosing price per minute from before the event to the end of the measured window.No trading (market closed)No trading (market closed)
July 28, 2026 July 29, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • No trading (market closed)
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Partial

Thesis published

Weak earnings history (50% beat, -3.3% avg surprise) with severe trajectory deterioration; analyst PT raises provide modest support but insufficient to offset structural weakness.

Context analyzed before publication

Trend
Severe deterioration from -12.7 to -65.3 over 7 days; trend strength failing into event despite analyst support.

Analysts

Evidence

Analyst consensus
Buy
Consensus average (1-5)
2.33
Analysts covering the stock
20
Average price target
156.65
Lowest price target
140
Highest price target
178
Upside to price target
2.8%
Quarterly earnings growth
-11%
Revenue growth
3.8%
Forward EPS
4.76
Trailing EPS
4.45
Analyst moves in the last 60 days
7
  • Strong buy: 4
  • Buy: 5
  • Hold: 12
  • Sell: 0
  • Strong sell: 0
Strong buy
4
Buy
5
Hold
12
Sell
0
Strong sell
0
  • July 24, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)
  • July 10, 2026 · UBS: Maintains rating (Buy → Buy)
  • July 10, 2026 · Barclays: Maintains rating (Overweight → Overweight)
  • July 6, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
  • June 18, 2026 · Truist Securities: Maintains rating (Hold → Hold)
  • June 16, 2026 · B of A Securities: Upgrades rating (Underperform → Neutral)
  • June 1, 2026 · Wells Fargo: Maintains rating (Overweight → Overweight)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
Low
Normalized volume
33%
News
Sources (4)

Technicals

Evidence

Average true range (ATR)
1.9%
Distance to 52-week high
+0.0%
14-day change (14d)
+2.0%
30-day change (31d)
-0.5%
30-day relative strength
-1.8%
SPY change (31d)
+1.3%
Nearest support
148.16
Nearest resistance
149.25
Volume accumulation ratio (14d / 46d)
1.05

Trends

Evidence

Average earnings surprise
-3.3%
  • April 28, 2026: actual EPS 1.14 vs estimate 1.1 (surprise +3.4%)
  • February 19, 2026: actual EPS 1.36 vs estimate 1.15 (surprise +17.9%)
  • October 29, 2025: actual EPS 0.78 vs estimate 1.19 (surprise -34.2%)
  • July 30, 2025: actual EPS 1.18 vs estimate 1.18 (surprise -0.2%)

Expected move

Implied move
+1.7%
Source
Options chain

Reactions over its last 20 earnings

Median move
3.8%
75th percentile move
5.7%
90th percentile move
10.1%
Up / down moves
10 / 10
Average up move
+4.3%
Average down move
-4.7%

Monitoring and close

What Extra Space Storage Inc. reported

Status
Finished
Actual EPS1.25
EPS estimate1.15
EPS surprise+8.6%

Extra Space Storage reported mixed Q2 2026 results. Shares fell and were downgraded to hold as they near fair value.

Sources (12)

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome
Partial
Consolidated
+0.4%
Max favorable move (MFE)
2.1%
Max adverse move (MAE)
4.4%