Extra Space Storage/$EXR
1D1W1M3M6MYTD1Y5YMAX
Capital at risk
About Extra Space Storage
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages more than 4,400 self-storage properties in 42 states, with over 340 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
- Ticker
- $EXR
- Sector
- Real Estate
- Primary listing
- NYSE
- Employees
- 8,393
- Headquarters
- Salt Lake City, United States
- Website
- www.extraspace.com
EXR Metrics
BasicAdvanced
$34B
32.76
$4.92
1.09
$6.48
4.02%
Price and volume
Market cap
$34B
Beta
1.09
52-week high
$162.28
52-week low
$125.71
Average daily volume
1.4M
Dividend rate
$6.48
Financial strength
Current ratio
0.87
Quick ratio
0.119
Long term debt to equity
0.923
Total debt to equity
1.03
Dividend payout ratio (TTM)
131.56%
Interest coverage (TTM)
2.46%
Profitability
EBITDA (TTM)
2,314.342
Gross margin (TTM)
74.85%
Net profit margin (TTM)
29.53%
Operating margin (TTM)
44.81%
Effective tax rate (TTM)
3.88%
Revenue per employee (TTM)
$420,000
Management effectiveness
Return on assets (TTM)
3.39%
Return on equity (TTM)
7.70%
Valuation
Price to earnings (TTM)
32.756
Price to revenue (TTM)
9.653
Price to book
2.62
Price to tangible book (TTM)
2.65
Price to free cash flow (TTM)
17.95
Free cash flow yield (TTM)
5.57%
Free cash flow per share (TTM)
8.972
Dividend yield (TTM)
4.02%
Forward dividend yield
4.02%
Growth
Revenue change (TTM)
3.30%
Earnings per share change (TTM)
12.98%
3-year revenue growth (CAGR)
14.93%
10-year revenue growth (CAGR)
13.76%
3-year earnings per share growth (CAGR)
-2.31%
10-year earnings per share growth (CAGR)
7.82%
3-year dividend per share growth (CAGR)
0.63%
10-year dividend per share growth (CAGR)
8.99%
What the Analysts think about EXR
Analyst ratings (Buy, Hold, Sell) for Extra Space Storage stock.
Analyst projections of the future price of Extra Space Storage stock.
Bulls say / Bears say
The operating recovery is gaining pace: Q3 same-store net operating income rose 4.6%, occupancy reached 94.0%, and Core FFO per share grew 4.3%. Extra Space also raised its full-year Core FFO guidance for the second time this year. (Extra Space Storage)
Its management platform provides growth beyond rent from owned properties: management fees and other income rose 8.2% in the first nine months, while third-party stores managed increased to 1,963 from 1,811 a year earlier. (SEC)
Redevelopment offers another potential growth source: management expects nearly $600 million of projects through 2028, with projected average returns above 9%. It also raised its 2026 acquisition guidance to $400 million. (The Motley Fool)
The recovery is relying more on slower new supply than stronger demand: management said demand has remained steady and that supply moderation is driving much of the sector’s improvement. That leaves growth exposed if supply pressures persist or demand weakens. (The Motley Fool)
Property taxes remain a cost headwind: same-store property-tax expense rose 4.9% year on year in Q3, even as total same-store expenses fell 1.8%. Further tax increases could erode the benefit of operating efficiencies. (Extra Space Storage)
Net debt-to-EBITDA stood at 5.2x at quarter-end, leaving a sizeable debt burden. While 89% of debt was effectively fixed-rate, leverage could limit financial flexibility if financing remains costly or expected investment returns fall short. (Extra Space Storage)
Data summarised monthly by Lightyear AI. Last updated on 4 Nov 2026.
EXR Financial Performance
Revenues and expenses
EXR Earnings Performance
Company profitability
Upcoming events
No upcoming events
EXR News
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Funds containing EXR
AllUSDEURGBP
Fund name | Fund size | $EXR weighting |
|---|---|---|
Invesco Real Estate S&P US Select Sector$XRES | $150M | 2.50% |
Invesco Real Estate S&P US Select Sector£XREP | $150M | 2.50% |
VanEck Global Real Estate£TREG | €448M | 2.38% |
VanEck Global Real Estate€TRET | €448M | 2.38% |
Invesco S&P 500 High Dividend Low Volatility£HDLG | $456M | 2.21% |
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