EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:EXR • US30225T1025

141.44 USD
+1.08 (+0.77%)
At close: Feb 10, 2026
141.44 USD
0 (0%)
After Hours: 2/10/2026, 8:04:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

Overall EXR gets a fundamental rating of 4 out of 10. We evaluated EXR against 28 industry peers in the Specialized REITs industry. While EXR is still in line with the averages on profitability rating, there are concerns on its financial health. EXR is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

5

1. Profitability

1.1 Basic Checks

  • In the past year EXR was profitable.
  • 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.
EXR Yearly Net Income VS EBIT VS OCF VS FCFEXR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B 1.5B

1.2 Ratios

  • EXR's Return On Assets of 3.24% is fine compared to the rest of the industry. EXR outperforms 64.29% of its industry peers.
  • EXR has a Return On Equity (6.96%) which is comparable to the rest of the industry.
  • Looking at the Return On Invested Capital, with a value of 4.10%, EXR is in line with its industry, outperforming 46.43% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for EXR is in line with the industry average of 5.06%.
Industry RankSector Rank
ROA 3.24%
ROE 6.96%
ROIC 4.1%
ROA(3y)4.31%
ROA(5y)5.19%
ROE(3y)12.69%
ROE(5y)16.69%
ROIC(3y)4.86%
ROIC(5y)5.36%
EXR Yearly ROA, ROE, ROICEXR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • The Profit Margin of EXR (28.35%) is better than 67.86% of its industry peers.
  • In the last couple of years the Profit Margin of EXR has declined.
  • EXR has a Operating Margin of 43.52%. This is in the better half of the industry: EXR outperforms 67.86% of its industry peers.
  • In the last couple of years the Operating Margin of EXR has declined.
  • EXR has a Gross Margin (70.74%) which is comparable to the rest of the industry.
  • EXR's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 43.52%
PM (TTM) 28.35%
GM 70.74%
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%
EXR Yearly Profit, Operating, Gross MarginsEXR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EXR is destroying value.
  • EXR has more shares outstanding than it did 1 year ago.
  • EXR has more shares outstanding than it did 5 years ago.
  • EXR has a worse debt/assets ratio than last year.
EXR Yearly Shares OutstandingEXR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
EXR Yearly Total Debt VS Total AssetsEXR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

  • EXR has an Altman-Z score of 1.34. This is a bad value and indicates that EXR is not financially healthy and even has some risk of bankruptcy.
  • EXR has a Altman-Z score of 1.34. This is in the better half of the industry: EXR outperforms 67.86% of its industry peers.
  • The Debt to FCF ratio of EXR is 15.11, which is on the high side as it means it would take EXR, 15.11 years of fcf income to pay off all of its debts.
  • EXR has a Debt to FCF ratio (15.11) which is in line with its industry peers.
  • EXR has a Debt/Equity ratio of 0.95. This is a neutral value indicating EXR is somewhat dependend on debt financing.
  • EXR's Debt to Equity ratio of 0.95 is fine compared to the rest of the industry. EXR outperforms 64.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 15.11
Altman-Z 1.34
ROIC/WACC0.54
WACC7.65%
EXR Yearly LT Debt VS Equity VS FCFEXR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

2.3 Liquidity

  • A Current Ratio of 0.32 indicates that EXR may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.32, EXR is doing worse than 75.00% of the companies in the same industry.
  • EXR has a Quick Ratio of 0.32. 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's Quick ratio of 0.32 is on the low side compared to the rest of the industry. EXR is outperformed by 75.00% of its industry peers.
Industry RankSector Rank
Current Ratio 0.32
Quick Ratio 0.32
EXR Yearly Current Assets VS Current LiabilitesEXR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

5

3. Growth

3.1 Past

  • EXR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.47%, which is quite good.
  • EXR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 6.33% yearly.
  • EXR shows a small growth in Revenue. In the last year, the Revenue has grown by 3.38%.
  • The Revenue has been growing by 20.01% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)8.47%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-14.29%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%

3.2 Future

  • The Earnings Per Share is expected to grow by 6.17% 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 3.05% yearly.
EPS Next Y5.14%
EPS Next 2Y5.9%
EPS Next 3Y5.37%
EPS Next 5Y6.17%
Revenue Next Year1.82%
Revenue Next 2Y3.31%
Revenue Next 3Y3.61%
Revenue Next 5Y3.05%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
  • 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.
EXR Yearly Revenue VS EstimatesEXR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B
EXR Yearly EPS VS EstimatesEXR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 31.57, which means the current valuation is very expensive for EXR.
  • Compared to the rest of the industry, the Price/Earnings ratio of EXR indicates a somewhat cheap valuation: EXR is cheaper than 64.29% of the companies listed in the same industry.
  • When comparing the Price/Earnings ratio of EXR to the average of the S&P500 Index (28.03), we can say EXR is valued inline with the index average.
  • A Price/Forward Earnings ratio of 28.99 indicates a quite expensive valuation of EXR.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of EXR is on the same level as its industry peers.
  • EXR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 27.97, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 31.57
Fwd PE 28.99
EXR Price Earnings VS Forward Price EarningsEXR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • EXR's Enterprise Value to EBITDA ratio is in line with the industry average.
  • EXR's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 35.15
EV/EBITDA 19.59
EXR Per share dataEXR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)6.14
PEG (5Y)4.99
EPS Next 2Y5.9%
EPS Next 3Y5.37%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • EXR has a Yearly Dividend Yield of 4.68%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.48, EXR has a dividend in line with its industry peers.
  • EXR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.80.
Industry RankSector Rank
Dividend Yield 4.68%

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
EXR Yearly Dividends per shareEXR Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2 4 6

5.3 Sustainability

  • EXR pays out 145.22% 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.
DP145.22%
EPS Next 2Y5.9%
EPS Next 3Y5.37%
EXR Yearly Income VS Free CF VS DividendEXR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B
EXR Dividend Payout.EXR Dividend Payout, showing the Payout Ratio.EXR Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

EXTRA SPACE STORAGE INC

NYSE:EXR (2/10/2026, 8:04:00 PM)

After market: 141.44 0 (0%)

141.44

+1.08 (+0.77%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)10-29
Earnings (Next)02-19
Inst Owners99.18%
Inst Owner Change-2.96%
Ins Owners0.9%
Ins Owner Change-0.03%
Market Cap30.02B
Revenue(TTM)3.34B
Net Income(TTM)947.44M
Analysts69.6
Price Target154.68 (9.36%)
Short Float %2.46%
Short Ratio4.04
Dividend
Industry RankSector Rank
Dividend Yield 4.68%
Yearly Dividend6.5
Dividend Growth(5Y)12.75%
DP145.22%
Div Incr Years0
Div Non Decr Years15
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-17.3%
Min EPS beat(2)-35.64%
Max EPS beat(2)1.04%
EPS beat(4)3
Avg EPS beat(4)1.35%
Min EPS beat(4)-35.64%
Max EPS beat(4)23.64%
EPS beat(8)5
Avg EPS beat(8)-2.01%
EPS beat(12)8
Avg EPS beat(12)1.62%
EPS beat(16)12
Avg EPS beat(16)5.31%
Revenue beat(2)0
Avg Revenue beat(2)-6.46%
Min Revenue beat(2)-6.61%
Max Revenue beat(2)-6.31%
Revenue beat(4)0
Avg Revenue beat(4)-7.35%
Min Revenue beat(4)-8.65%
Max Revenue beat(4)-6.31%
Revenue beat(8)0
Avg Revenue beat(8)-6.42%
Revenue beat(12)2
Avg Revenue beat(12)-1.84%
Revenue beat(16)6
Avg Revenue beat(16)3.36%
PT rev (1m)-0.75%
PT rev (3m)-3.72%
EPS NQ rev (1m)-0.43%
EPS NQ rev (3m)0.64%
EPS NY rev (1m)-5.49%
EPS NY rev (3m)-6.66%
Revenue NQ rev (1m)0.27%
Revenue NQ rev (3m)1.69%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)0.29%
Valuation
Industry RankSector Rank
PE 31.57
Fwd PE 28.99
P/S 8.98
P/FCF 35.15
P/OCF 15.88
P/B 2.2
P/tB 2.24
EV/EBITDA 19.59
EPS(TTM)4.48
EY3.17%
EPS(NY)4.88
Fwd EY3.45%
FCF(TTM)4.02
FCFY2.84%
OCF(TTM)8.91
OCFY6.3%
SpS15.75
BVpS64.16
TBVpS63.28
PEG (NY)6.14
PEG (5Y)4.99
Graham Number80.42
Profitability
Industry RankSector Rank
ROA 3.24%
ROE 6.96%
ROCE 5.19%
ROIC 4.1%
ROICexc 4.12%
ROICexgc 4.15%
OM 43.52%
PM (TTM) 28.35%
GM 70.74%
FCFM 25.55%
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%
ROICexgc growth 3Y-15.49%
ROICexgc 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 RankSector Rank
Debt/Equity 0.95
Debt/FCF 15.11
Debt/EBITDA 5.9
Cap/Depr 141.76%
Cap/Sales 31.02%
Interest Coverage 2.64
Cash Conversion 86.5%
Profit Quality 90.14%
Current Ratio 0.32
Quick Ratio 0.32
Altman-Z 1.34
F-Score6
WACC7.65%
ROIC/WACC0.54
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)8.47%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-14.29%
EPS Next Y5.14%
EPS Next 2Y5.9%
EPS Next 3Y5.37%
EPS Next 5Y6.17%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%
Revenue Next Year1.82%
Revenue Next 2Y3.31%
Revenue Next 3Y3.61%
Revenue Next 5Y3.05%
EBIT growth 1Y3.53%
EBIT growth 3Y18.82%
EBIT growth 5Y17.19%
EBIT Next Year48.97%
EBIT Next 3Y16.38%
EBIT Next 5Y12.01%
FCF growth 1Y-0.03%
FCF growth 3YN/A
FCF growth 5Y29.67%
OCF growth 1Y42.36%
OCF growth 3Y25.61%
OCF growth 5Y21.68%

EXTRA SPACE STORAGE INC / EXR FAQ

What is the fundamental rating for EXR stock?

ChartMill assigns a fundamental rating of 4 / 10 to EXR.


What is the valuation status of EXTRA SPACE STORAGE INC (EXR) stock?

ChartMill assigns a valuation rating of 2 / 10 to EXTRA SPACE STORAGE INC (EXR). This can be considered as Overvalued.


What is the profitability of EXR stock?

EXTRA SPACE STORAGE INC (EXR) has a profitability rating of 5 / 10.


What is the earnings growth outlook for EXTRA SPACE STORAGE INC?

The Earnings per Share (EPS) of EXTRA SPACE STORAGE INC (EXR) is expected to grow by 5.14% in the next year.


Is the dividend of EXTRA SPACE STORAGE INC sustainable?

The dividend rating of EXTRA SPACE STORAGE INC (EXR) is 6 / 10 and the dividend payout ratio is 145.22%.