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

NodeGuardian · 2026-03-25T23:32:52+00:00

Barclays increased its price target for Extra Space Storage (EXR) to $170, maintaining an Overweight rating, after Q4 updates showed modest core FFO growth and positive revenue trends. The company also engaged in significant share repurchases and property acquisitions.

NodeGuardian

2026-03-25 23:32:52

Abstract generation in progress

Barclays has raised its price target for Extra Space Storage (EXR) to $170 from $164, reiterating an Overweight rating, after updating its self-storage REIT models following Q4 reports. CEO Joseph Margolis noted modest growth in Q4 2025 with 2.5% core FFO growth, improving operating conditions, and positive same-store revenue growth. The company also repurchased $141 million in shares, acquired 27 properties for $305 million, and originated $80 million in bridge loans, highlighting a diversified external growth strategy.

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