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
$32B
30.79
$4.92
1.17
$6.48
4.28%
Price and volume
Market cap
$32B
Beta
1.17
52-week high
$158.88
52-week low
$125.71
Average daily volume
1.4M
Dividend rate
$6.48
Financial strength
Current ratio
0.083
Quick ratio
0.083
Long term debt to equity
0.968
Total debt to equity
1.03
Interest coverage (TTM)
2.46%
Profitability
EBITDA (TTM)
2,310.169
Gross margin (TTM)
74.89%
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)
30.786
Price to revenue (TTM)
9.071
Price to book
2.48
Price to tangible book (TTM)
2.48
Dividend yield (TTM)
4.28%
Forward dividend yield
4.28%
Growth
Revenue change (TTM)
2.88%
Earnings per share change (TTM)
12.85%
3-year revenue growth (CAGR)
14.93%
10-year revenue growth (CAGR)
13.76%
3-year earnings per share growth (CAGR)
-2.32%
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
Third-quarter same-store NOI rose 4.6% year on year as revenue increased 2.7% and expenses fell 1.8%; occupancy also improved to 94.0% from 93.7%. This points to stronger operating momentum. (Extra Space Storage)
EXR raised its 2026 Core FFO outlook to $8.40–$8.50 per share, from $8.25–$8.40, and lifted its same-store NOI growth range to 2.5%–3.5%. The higher forecast signals management sees recent improvement carrying through the year. (Extra Space Storage)
The third-party management platform added 107 stores net in the first nine months and managed 2,371 stores at quarter-end. This expands EXR’s fee-generating reach without requiring it to own every property. (Extra Space Storage)
US advertised self-storage rates fell 1.8% year on year in September, and industry research reported softer demand in the third quarter. Continued weakness in asking rents could make it harder for EXR to raise rates on new tenants. (Yardi Matrix)
New supply remains an overhang: lease-up properties are taking longer to stabilise, and slower construction has yet to produce meaningful advertised-rate improvement. That may prolong competitive discounting in markets where new facilities are still absorbing space. (Yardi Matrix)
Property taxes rose 4.9% in the third quarter and 3.3% over the first nine months, even as total same-store expenses fell in the quarter. Continued tax increases could erode the margin gains behind the recent NOI improvement. (Extra Space Storage)
Data summarised monthly by Lightyear AI. Last updated on 28 Oct 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€TRET | €448M | 2.32% |
VanEck Global Real Estate£TREG | €448M | 2.32% |
Invesco S&P 500 High Dividend Low Volatility£HDLG | $456M | 2.13% |
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