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Ending Same-Store Occupancy
Tracks the occupancy rate of stores that have been open for a consistent period, reflecting demand stability and the effectiveness of the company's pricing and marketing strategies.Occupancy has eased from pandemic peaks and flattened in the low‑90s, but management’s Q1 commentary points to sequential stabilization and longer tenant tenures—a sign demand is becoming stickier. Moderating new supply and stronger ancillary/management‑fee income support further recovery, yet softer move‑in rate growth, localized Sunbelt headwinds and L.A. rent constraints limit near‑term upside. For investors, occupancy stabilization underpins management’s conservative guidance and modest FFO recovery, but meaningful upside from rents or accretive acquisitions likely requires clearer leasing‑season momentum.
Date | Ending Same-Store Occupancy |
|---|---|
Jun 30, 2026 | 94.20 |
Mar 31, 2026 | 93.00 |
Dec 31, 2025 | 93.10 |
Sep 30, 2025 | 93.70 |
Jun 30, 2025 | 94.60 |
Mar 31, 2025 | 93.40 |
Dec 31, 2024 | 93.70 |
Sep 30, 2024 | 94.30 |
Jun 30, 2024 | 94.30 |
Mar 31, 2024 | 93.20 |