EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
NYSE:EXR - New York Stock Exchange, Inc. - US30225T1025 - REIT - Currency: USD
EXR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 30 industry peers in the Specialized REITs industry. EXR has a medium profitability rating, but doesn't score so well on its financial health evaluation. While showing a medium growth rate, EXR is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
EXR had positive earnings in the past year.
EXR had a positive operating cash flow in the past year.
Each year in the past 5 years EXR has been profitable.
Each year in the past 5 years EXR had a positive operating cash flow.
1.2 Ratios
Looking at the Return On Assets, with a value of 3.14%, EXR is in line with its industry, outperforming 60.00% of the companies in the same industry.
EXR has a better Return On Equity (6.56%) than 63.33% of its industry peers.
EXR's Return On Invested Capital of 4.01% is on the low side compared to the rest of the industry. EXR is outperformed by 60.00% of its industry peers.
EXR had an Average Return On Invested Capital over the past 3 years of 4.86%. This is in line with the industry average of 5.28%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 6.56% | ||
| ROIC | 4.01% |
ROA(3y)4.31%
ROA(5y)5.19%
ROE(3y)12.69%
ROE(5y)16.69%
ROIC(3y)4.86%
ROIC(5y)5.36%
1.3 Margins
With a decent Profit Margin value of 27.79%, EXR is doing good in the industry, outperforming 70.00% of the companies in the same industry.
In the last couple of years the Profit Margin of EXR has declined.
Looking at the Operating Margin, with a value of 43.27%, EXR is in the better half of the industry, outperforming 66.67% of the companies in the same industry.
EXR's Operating Margin has declined in the last couple of years.
EXR has a Gross Margin of 71.83%. This is comparable to the rest of the industry: EXR outperforms 50.00% of its industry peers.
EXR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 43.27% | ||
| PM (TTM) | 27.79% | ||
| GM | 71.83% |
OM growth 3Y-6.69%
OM growth 5Y-2.35%
PM growth 3Y-20.63%
PM growth 5Y-3.95%
GM growth 3Y-0.98%
GM growth 5Y-0.06%
2. Health
2.1 Basic Checks
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EXR is destroying value.
The number of shares outstanding for EXR has been increased compared to 1 year ago.
The number of shares outstanding for EXR has been increased compared to 5 years ago.
Compared to 1 year ago, EXR has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.43, we must say that EXR is in the distress zone and has some risk of bankruptcy.
Looking at the Altman-Z score, with a value of 1.43, EXR is in the better half of the industry, outperforming 63.33% of the companies in the same industry.
EXR has a debt to FCF ratio of 12.68. This is a negative value and a sign of low solvency as EXR would need 12.68 years to pay back of all of its debts.
With a Debt to FCF ratio value of 12.68, EXR perfoms like the industry average, outperforming 56.67% of the companies in the same industry.
A Debt/Equity ratio of 0.90 indicates that EXR is somewhat dependend on debt financing.
EXR has a Debt to Equity ratio of 0.90. This is comparable to the rest of the industry: EXR outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 12.68 | ||
| Altman-Z | 1.43 |
ROIC/WACC0.53
WACC7.55%
2.3 Liquidity
EXR has a Current Ratio of 0.34. This is a bad value and indicates that EXR is not financially healthy enough and could expect problems in meeting its short term obligations.
EXR has a Current ratio of 0.34. This is amonst the worse of the industry: EXR underperforms 80.00% of its industry peers.
A Quick Ratio of 0.34 indicates that EXR may have some problems paying its short term obligations.
EXR has a Quick ratio of 0.34. This is amonst the worse of the industry: EXR underperforms 80.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.34 |
3. Growth
3.1 Past
EXR shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.90%.
The Earnings Per Share has been growing slightly by 6.33% on average over the past years.
The Revenue has grown by 14.72% in the past year. This is quite good.
The Revenue has been growing by 20.01% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)2.9%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%26.73%
Revenue 1Y (TTM)14.72%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%2.37%
3.2 Future
The Earnings Per Share is expected to grow by 7.12% on average over the next years.
EXR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.57% yearly.
EPS Next Y10.09%
EPS Next 2Y5.63%
EPS Next 3Y6.2%
EPS Next 5Y7.12%
Revenue Next Year1.92%
Revenue Next 2Y2.6%
Revenue Next 3Y4%
Revenue Next 5Y3.57%
3.3 Evolution
The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 31.69, EXR can be considered very expensive at the moment.
Based on the Price/Earnings ratio, EXR is valued a bit cheaper than 63.33% of the companies in the same industry.
When comparing the Price/Earnings ratio of EXR to the average of the S&P500 Index (26.98), we can say EXR is valued inline with the index average.
Based on the Price/Forward Earnings ratio of 30.17, the valuation of EXR can be described as expensive.
Based on the Price/Forward Earnings ratio, EXR is valued a bit cheaper than the industry average as 63.33% of the companies are valued more expensively.
Compared to an average S&P500 Price/Forward Earnings ratio of 21.49, EXR is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.69 | ||
| Fwd PE | 30.17 |
4.2 Price Multiples
63.33% of the companies in the same industry are cheaper than EXR, based on the Enterprise Value to EBITDA ratio.
The rest of the industry has a similar Price/Free Cash Flow ratio as EXR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.42 | ||
| EV/EBITDA | 19.86 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates EXR does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)3.14
PEG (5Y)5
EPS Next 2Y5.63%
EPS Next 3Y6.2%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.45%, EXR is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.88, EXR is paying slightly less dividend.
EXR's Dividend Yield is rather good when compared to the S&P500 average which is at 2.42.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.45% |
5.2 History
The dividend of EXR is nicely growing with an annual growth rate of 12.75%!
EXR has been paying a dividend for at least 10 years, so it has a reliable track record.
EXR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.75%
Div Incr Years0
Div Non Decr Years15
5.3 Sustainability
EXR pays out 150.95% of its income as dividend. This is not a sustainable payout ratio.
EXR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP150.95%
EPS Next 2Y5.63%
EPS Next 3Y6.2%
NYSE:EXR (6/30/2025, 3:02:06 PM)
146.425
+0.56 (+0.39%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners99.7%
Inst Owner Change2.27%
Ins Owners0.9%
Ins Owner Change4.09%
Market Cap31.07B
Analysts70
Price Target166.8 (13.91%)
Short Float %1.53%
Short Ratio3.17
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.45% |
Yearly Dividend6.5
Dividend Growth(5Y)12.75%
DP150.95%
Div Incr Years0
Div Non Decr Years15
Ex-Date
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)20.01%
Min EPS beat(2)16.37%
Max EPS beat(2)23.64%
EPS beat(4)3
Avg EPS beat(4)8.57%
Min EPS beat(4)-19.64%
Max EPS beat(4)23.64%
EPS beat(8)5
Avg EPS beat(8)6.05%
EPS beat(12)9
Avg EPS beat(12)5.6%
EPS beat(16)13
Avg EPS beat(16)9.27%
Revenue beat(2)0
Avg Revenue beat(2)-8.24%
Min Revenue beat(2)-8.65%
Max Revenue beat(2)-7.83%
Revenue beat(4)0
Avg Revenue beat(4)-7.21%
Min Revenue beat(4)-8.65%
Max Revenue beat(4)-5.29%
Revenue beat(8)1
Avg Revenue beat(8)-2.44%
Revenue beat(12)4
Avg Revenue beat(12)2.35%
Revenue beat(16)8
Avg Revenue beat(16)6.84%
PT rev (1m)1.46%
PT rev (3m)-1.27%
EPS NQ rev (1m)1.78%
EPS NQ rev (3m)2.01%
EPS NY rev (1m)5.76%
EPS NY rev (3m)6.26%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)-0.69%
Revenue NY rev (1m)0.2%
Revenue NY rev (3m)-0.29%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.69 | ||
| Fwd PE | 30.17 | ||
| P/S | 9.48 | ||
| P/FCF | 31.42 | ||
| P/OCF | 16.33 | ||
| P/B | 2.24 | ||
| P/tB | 2.27 | ||
| EV/EBITDA | 19.86 |
EPS(TTM)4.62
EY3.16%
EPS(NY)4.85
Fwd EY3.31%
FCF(TTM)4.66
FCFY3.18%
OCF(TTM)8.97
OCFY6.13%
SpS15.44
BVpS65.44
TBVpS64.51
PEG (NY)3.14
PEG (5Y)5
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.14% | ||
| ROE | 6.56% | ||
| ROCE | 5.08% | ||
| ROIC | 4.01% | ||
| ROICexc | 4.03% | ||
| ROICexgc | 4.06% | ||
| OM | 43.27% | ||
| PM (TTM) | 27.79% | ||
| GM | 71.83% | ||
| FCFM | 30.18% |
ROA(3y)4.31%
ROA(5y)5.19%
ROE(3y)12.69%
ROE(5y)16.69%
ROIC(3y)4.86%
ROIC(5y)5.36%
ROICexc(3y)4.89%
ROICexc(5y)5.4%
ROICexgc(3y)4.99%
ROICexgc(5y)5.5%
ROCE(3y)6.15%
ROCE(5y)6.79%
ROICexcg growth 3Y-15.49%
ROICexcg growth 5Y-8.59%
ROICexc growth 3Y-15.27%
ROICexc growth 5Y-8.37%
OM growth 3Y-6.69%
OM growth 5Y-2.35%
PM growth 3Y-20.63%
PM growth 5Y-3.95%
GM growth 3Y-0.98%
GM growth 5Y-0.06%
F-Score6
Asset Turnover0.11
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.9 | ||
| Debt/FCF | 12.68 | ||
| Debt/EBITDA | 5.74 | ||
| Cap/Depr | 119.3% | ||
| Cap/Sales | 27.9% | ||
| Interest Coverage | 2.79 | ||
| Cash Conversion | 87.12% | ||
| Profit Quality | 108.57% | ||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.34 | ||
| Altman-Z | 1.43 |
F-Score6
WACC7.55%
ROIC/WACC0.53
Cap/Depr(3y)221.95%
Cap/Depr(5y)275.25%
Cap/Sales(3y)37.71%
Cap/Sales(5y)44.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)2.9%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%26.73%
EPS Next Y10.09%
EPS Next 2Y5.63%
EPS Next 3Y6.2%
EPS Next 5Y7.12%
Revenue 1Y (TTM)14.72%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%2.37%
Revenue Next Year1.92%
Revenue Next 2Y2.6%
Revenue Next 3Y4%
Revenue Next 5Y3.57%
EBIT growth 1Y8.33%
EBIT growth 3Y18.82%
EBIT growth 5Y17.19%
EBIT Next Year50.28%
EBIT Next 3Y17.4%
EBIT Next 5Y12.21%
FCF growth 1Y15352.5%
FCF growth 3YN/A
FCF growth 5Y29.67%
OCF growth 1Y54.46%
OCF growth 3Y25.61%
OCF growth 5Y21.68%