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Extra Space Storage Inc.

Data quality: 100%
EXR
NYSE Real Estate REIT - Industrial
$129.99
▲ $0.20 (0.15%)
Mkt Cap: 27.45B
Day Range
$127.65 $131.24
52-Week Range
$121.03 $155.19
Volume
1,250,393
50D / 200D Avg
$143.13 / $141.40
Prev Close
$129.79

Quick Summary

Price History

Financial Trends

Peer Comparison

vs Real Estate sector median (361 peers)

Metric Stock Sector Median
P/E 28.2 11.2
P/B 2.0 0.9
ROE % 7.1 6.1
Net Margin % 28.8 19.9
Rev Growth 5Y % 20.4 7.0
D/E 1.1 0.9

Analyst Price Target

Hold
$150.00 +15.4%
Low: $143.00 High: $164.00
Forward P/E
27.79
Forward EPS
$4.68
EPS Growth (est.)
+0.0%
Est. Revenue
3.46B

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2030 $5.59
$5.48 – $5.70
4.34B 1
FY2029 $5.32
$5.21 – $5.42
4.15B 1
FY2028 $5.27
$4.97 – $5.52
3.74B 5

Earnings Surprises

Last 8 quarters
Quarter Est. EPS Actual EPS Surprise
2026-02-19 $1.17 $2.08 +77.8%
2025-10-29 $2.06 $2.08 +1.0%
2025-07-30 $2.06 $2.05 -0.5%
2025-04-29 $1.96 $2.00 +2.0%
2025-02-25 $1.10 $2.03 +84.5%
2024-10-29 $2.03 $2.07 +2.0%
2024-07-30 $2.00 $2.06 +3.0%
2024-04-30 $1.95 $1.96 +0.5%

Dividend History

7 yr streak

Yield

0.05%

Payout Ratio

1.41%

Growth (3Y)

2.60%

Growth (5Y)

12.47%

Ex-Date Payment Date Amount Yield
Mar 16, 2026 Mar 31, 2026 $1.62 4.65%
Dec 15, 2025 Dec 31, 2025 $1.62 4.86%
Sep 15, 2025 Sep 30, 2025 $1.62 4.51%
Jun 16, 2025 Jun 30, 2025 $1.62 4.35%
Mar 14, 2025 Mar 31, 2025 $1.62 4.47%
Dec 16, 2024 Dec 31, 2024 $1.62 4.16%
Sep 16, 2024 Sep 30, 2024 $1.62 3.65%
Jun 14, 2024 Jun 28, 2024 $1.62 4.14%
Mar 14, 2024 Mar 29, 2024 $1.62 4.55%
Dec 14, 2023 Dec 29, 2023 $1.62 4.19%
Sep 14, 2023 Sep 29, 2023 $0.61 5.04%
Jul 12, 2023 Jul 19, 2023 $1.01 4.77%
Jun 14, 2023 Jun 30, 2023 $1.62 4.35%
Mar 14, 2023 Mar 31, 2023 $1.62 3.89%
Dec 13, 2022 Dec 30, 2022 $1.50 3.81%
Sep 14, 2022 Sep 30, 2022 $1.50 3.00%
Jun 14, 2022 Jun 30, 2022 $1.50 3.46%
Mar 14, 2022 Mar 31, 2022 $1.50 2.61%
Dec 14, 2021 Dec 31, 2021 $1.25 2.15%
Sep 14, 2021 Sep 30, 2021 $1.25 2.26%

Key Takeaways

Revenue grew 20.35% annually over 5 years — strong growth
Net margin of 28.84% shows strong profitability
Generating 1.83B in free cash flow
Revenue growth is decelerating — 1Y growth trails 5Y average by 19.16%
Cash machine — converts 187.79% of earnings into free cash flow
Capital efficient — spends only 0.63% of revenue on capex

Growth

Revenue Growth (5Y)
20.35%
Revenue (1Y)1.19%
Earnings (1Y)13.96%
FCF Growth (3Y)14.86%

Quality

Return on Equity
7.11%
ROIC3.93%
Net Margin28.84%
Op. Margin44.09%

Safety

Debt / Equity
1.11
Current Ratio1.28
Interest Coverage2.34

Valuation

P/E Ratio
28.18
Forward P/E27.79
P/B Ratio2.04
EV/EBITDA28.39
Dividend Yield0.05%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 1.19% Revenue Growth (3Y) 13.65%
Earnings Growth (1Y) 13.96% Earnings Growth (3Y) 10.12%
Revenue Growth (5Y) 20.35% Earnings Growth (5Y) 4.15%
Profitability
Revenue (TTM) 3.38B Net Income (TTM) 974.00M
ROE 7.11% ROA 3.33%
Gross Margin 28.43% Operating Margin 44.09%
Net Margin 28.84% Free Cash Flow (TTM) 1.83B
ROIC 3.93% FCF Growth (3Y) 14.86%
Safety
Debt / Equity 1.11 Current Ratio 1.28
Interest Coverage 2.34
Dividends
Dividend Yield 0.05% Payout Ratio 1.41%
Dividend Growth (3Y) 2.60% Dividend Growth (5Y) 12.47%
Consecutive Div Years 7 yrs
Valuation
P/E Ratio 28.18 Forward P/E 27.79
P/B Ratio 2.04 P/S Ratio 8.13
PEG Ratio 2.04 Forward PEG N/A
EV/EBITDA 28.39 Fwd EV/EBITDA 17.65
Forward P/S 7.93 Fwd Earnings Yield 3.60%
FCF Yield 6.66%
Market Cap 27.45B Enterprise Value 42.28B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 3.38B 3.34B 2.62B 1.97B 1.61B
Net Income 974.00M 854.68M 803.20M 860.69M 827.65M
EPS (Diluted) 4.59 4.03 4.74 6.41 6.19
Gross Profit 960.17M 2.55B 2.02B 1.54B 1.23B
Operating Income 1.49B 1.32B 1.17B 1.05B 975.95M

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 29.26B 28.85B 27.46B 12.17B 10.47B
Total Liabilities 14.94B 13.99B 12.04B 8.09B 6.69B
Shareholders' Equity 13.43B 13.95B 14.39B 3.26B 3.12B
Total Debt 14.97B 13.03B 11.25B 7.56B 6.19B
Cash & Equivalents 138.92M 138.22M 99.06M 92.87M 71.13M
Current Assets 1.79B 1.66B 929.72M 792.04M 617.82M
Current Liabilities 1.39B 1.78B 1.09B 1.18B 740.87M