Scotiabank upgrades Extra Space Storage Inc to 'sector perform'

Extra Space Storage

10/01/2025 16:31

** Scotiabank raises rating on REIT Extra Space Storage  EXR.N 
to "sector perform" from "sector underperform"
    ** "We suspect the recent stability in occupancy will
eventually spur the company to reduce some of its heavier
discounting of rates for new move-in customers" - brokerage
    ** 6 of 19 brokerages rate EXR "buy" or higher, 11 "hold"
and 2 "sell" or lower; median PT $170 - LSEG
    ** EXR down 6.7% in 2024

(Reporting by Anshuman Tripathy)
((Anshuman.Tripathy@thomsonreuters.com))