Legal and regulatory exposuremixed · 1 filings
“As of December 31, 2025, the Company was involved in various legal proceedings and was subject to various claims and complaints arising in the ordinary course of business.”10-K · Feb 20, 2026 ↗
Extra Space Storage Inc.
EXR
Market read
Extra Space Storage Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
Company+1.0% todayVolume comparison unavailable
Market group0 of 13 activeREIT - Residential · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- EXR's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if EXR's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 13 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 9 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- EXR's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods9
Price observations602
Usable filing statements59
Verified relationships9
Evidence supporting the case
- Latest annual revenue changed +7.1% year over year.
- Net margin changed +45.1 percentage points in the latest annual period.
Evidence challenging the case
- Operating margin changed -3.9 percentage points in the latest annual period.
Questions before a position
- EV/sales is 1760% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
137.716m-1.8%12m-5.0%24m-20.8%
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$66.3M+27.1%$6.19+8.0%
2022-12-31$83.9M+26.6%$6.41+1.2%
2023-12-31$102.0M+21.6%$4.74+19.4%
2024-12-31$120.9M+18.5%$4.03+25.0%
2025-12-31$129.5M+7.1%$4.59+0.1%
What management says matters
Persistent and emerging business drivers
Valuation discipline
Descriptive valuation snapshot
Price/sales 225.3× · EV/sales 224.3×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.
Price action
How the market is pricing the story
137.71+1.0% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for EXR. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for EXR. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind EXR
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
SMASmartStop Self Storage REIT, Inc.investeeFeb 20, 2026 ▾
“Dividend income represents dividends from our investment in preferred stock of SmartStop and its affiliates.”
BMYBristol-Myers Squibb CompanypartnerFeb 20, 2026 ▾
“During the year ended December 31, 2024, the ESS Bristol Investments LLC joint venture sold five of its eight stores to one of our unconsolidated joint ventures, and we recognized a gain of $10,324 for our pro rata share of the transaction.”
Depended on by
CUBECubeSmartcompetitorFeb 27, 2026 ▾
“We emphasize customer service, convenience, security, professionalism, and cleanliness and, therefore, we believe our stores are well-positioned within their respective markets.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
EXR is currently a Follower in the organic co-movement group REIT - Residential. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.