UBS Reduces Its Price Target on Extra Space Storage Inc. (EXR) to $160, Keeps 'Buy' Rating

Extra Space Storage Inc. (NYSE:EXR) is one of the 13 Best Warehouse and Self-Storage Stocks to Buy Right Now.

On September 16, 2025, UBS reduced its price target on Extra Space Storage Inc. (NYSE:EXR) from $169 to $160, maintaining a ‘Buy’ rating.

The price revision is driven by Extra Space Storage Inc. (NYSE:EXR)’s steady fundamentals despite a softer macroenvironment. Furthermore, UBS highlighted the company’s June 2025 quarter performance, where its revenue reached $841.62 million, up 3.8% YoY, and same-store occupancy reached 94.6%. Looking ahead, the analyst expects these metrics to support stable cash flows and continued dividend capacity.

Extra Space Storage Inc. (NYSE:EXR), a self-administered and self-managed REIT, owns and operates more than 4,100 self-storage stores across the U.S. It is one of the Best Warehouse Stocks.

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