Extra Space Storage (EXR) Q4 FFO Strengthens Bullish Narratives Despite Muted Revenue Trends

Extra Space Storage (EXR) reported strong Q4 FFO and basic EPS for FY 2025, with net profit margins at 28.2% and earnings growth of 14% year-over-year, despite modest revenue growth. The company’s P/E ratio is higher than peers, and its debt coverage by operating cash flow is a point of concern for critics, yet a DCF analysis suggests the stock might be undervalued. Analysts expect continued profitability through margin expansion, but future growth may rely more on cost control and pricing rather than volume.

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