Extra Space Storage Inc.

Extra Space Storage Inc.

EXR
Extra Space Storage Inc.US flagNew York Stock Exchange
150.60
USD
+0.34
- -
31.82BMarket Cap
Extra Space Storage Inc.
EXR
(New York Stock Exchange)

Recent

price

150.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3.22
3.58
4
4.68
5.59
6.53
7.93
8.77
9.49
10.21
10.47
11.83
14.35
15.13
15.39
15.94
16.13
Revenue per Share
0.3
0.55
1.15
1.55
1.54
1.58
2.93
3.8
3.29
3.28
3.72
6.21
6.42
4.75
4.04
4.6
4.46
Basic EPS, GAAP
1.18
1.51
2.08
2.38
2.88
3
4.27
4.68
5.34
5.46
5.9
7.11
9.07
8.19
8.82
8.63
8.69
Free Cash Flow per Basic Share
0.4
0.56
0.86
1.46
1.82
2.25
2.94
3.12
3.37
3.57
3.61
4.51
6.01
6.18
6.5
6.49
6.49
Dividend per Share
-3
-2.86
-2.29
-2.02
-2.22
-2.81
-2.7
-2
-2.07
-2.34
-2.73
-0.95
-1
-2.23
-4.24
-6.83
-7.33
Book Value per Share
10.75
11.15
14.49
16.62
15.76
18.93
19.76
20.62
21.04
21.74
21.61
28.26
28.99
89.21
69.32
66.91
64.82
Tangible Book Value per Share
87
92
102
111
116
120
125
126
126
128
130
133
134
169
212
212
212
Basic Weighted Avg Shares
281
330
409
521
647
782
992
1,105
1,197
1,308
1,356
1,577
1,924
2,560
3,257
3,378
3,414
Sales/Revenue/Turnover
33.41
36.54
39.72
42.66
44.55
46.54
46.57
49.01
49.21
48.44
47.78
52.95
53.93
48.31
43.02
44.09
44.05
Operating Margin (%)
50
58
74
95
115
133
183
193
209
220
224
242
288
506
783
715
721
Depreciation Expense
26
50
117
172
178
189
366
479
415
420
482
828
861
803
855
974
944
Net Income, GAAP
11.09
1.94
4.07
5.11
3.72
5.05
3.84
0.7
2.03
2.45
2.6
2.26
2.22
2.47
3.59
3.91
4.2
Effective Tax Rate (%)
9.35
15.3
28.65
33.05
27.56
24.22
36.91
43.35
34.71
32.1
35.52
52.47
44.73
31.37
26.24
28.84
27.66
Profit Margin (%)
-118
-167
-48
137
-69
-12
-392
-110
-155
-200
-704
-123
-392
-158
-122
239
207
Working Capital
1,079
1,154
1,496
1,949
2,212
3,500
3,941
4,460
4,731
5,163
5,061
5,656
6,615
10,571
11,666
12,768
12,788
LT Debt
939
1,074
1,545
1,932
1,912
2,373
2,596
2,724
2,785
2,922
2,936
3,786
4,078
15,414
14,859
14,324
14,213
Total Equity
3.69
5.1
5.6
6.01
6.82
6.8
6.93
7.58
7.76
7.81
7.34
8.63
9.39
6.3
4.95
5.09
5.13
Return on Invested Capital (%)
6.89
9.99
13.76
13.82
11.6
9.16
12
13.37
11.73
11.15
10.72
14.71
13.55
11.74
11.09
11.6
11.44
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
942
1,224
1,152
LT Borrowings
11,961
12,007
12,018
LT Finance Leases
758
761
770
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
212
211
211
Market Capitalization
29,861
27,587
27,749

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
1,950
1,894
1,809
Cash, Cash Equivalents & STI
112
139
139
Accounts Receivable, Net
133
142
115
Inventories
- -
- -
- -
Total Current Liabilities
1,493
1,655
1,602
Payables & Accruals
551
431
449
ST Debt
942
1,224
1,152
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.94%
61.48%
-3.6%
Free Cash Flow
18.51%
19.79%
-2.03%
Net Income, GAAP
21.61%
17.89%
13.96%
Sales/Revenue/Turnover
16.18%
20.45%
3.7%
Total Cash Common Dividend
18.52%
24.75%
-0.05%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
800
811
825
822
3,257
2025
820
842
858
857
3,378
2026
856
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.01
0.88
0.91
1.24
4.04
2025
1.28
1.18
0.78
1.36
4.6
2026
1.14
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.63
1.62
1.62
1.62
6.5
2025
1.62
1.62
1.62
1.62
6.49
2026
1.63
- -
- -
- -
- -
Business
Extra Space Storage Inc. (NYSE: EXR), headquartered in Salt Lake City, Utah, and founded in 1977, operates as a self-administered and self-managed real estate investment trust (REIT) and member of the S&P 500, ranking as the largest owner and operator of self-storage properties in the United States; as of June 30, 2025, the company owns and/or operates 4,179 self-storage stores across 43 states and Washington, D.C., encompassing approximately 2.9 million units and 321.5 million square feet of rentable space under the Extra Space Storage brand. It provides a broad array of storage solutions to individual and business customers, including personal self-storage units in various sizes from small closet-sized to large garage-sized options with climate-controlled, drive-up access, and 24-hour availability features; business storage for inventory, records, and equipment with flexible lease terms, package acceptance, and customized solutions; vehicle storage encompassing enclosed garage-style parking, outdoor covered or uncovered spaces for boats and RVs; moving supplies such as boxes, tape, bubble wrap, and locks; tenant insurance protecting against loss or damage from theft, fire, or water; and truck rental partnerships for convenient transportation. The company serves diverse markets including residential movers, downsizers, declutterers, small businesses, retailers, and enterprises, with operations emphasizing secure, clean facilities supported by advanced technology for online reservations, payments, Bluetooth gate access, and dynamic revenue management. In recent developments, Extra Space Storage completed its transformative merger with Life Storage in 2023, an all-stock transaction that expanded its portfolio to over 3,500 locations initially and solidified its position as the top self-storage operator by store count and square footage, generating significant synergies in general and administrative expenses, property operations, and tenant insurance income; the company surpassed 4,000 stores nationwide by early 2025 through ongoing acquisition initiatives, including 55 operating facilities and three certificate-of-occupancy stores for $581 million in direct investments plus joint venture acquisitions totaling $360 million in 2024, alongside increased ownership in existing ventures; earlier milestones include the 2015 internalization of its management platform for enhanced operational control and revenue optimization, as well as prior acquisitions like Storage USA in 2005 and SmartStop Self Storage in 2013 that bolstered its national footprint and third-party management capabilities.

Company News

MCPAPIChat
  • VNO or EXR: Which Is the Better Value Stock Right Now?

  • High-Yield REITs Are Still On The Mat, But It's Time For A Rebound

  • Extra Storage: Underperformance Seems Clear

  • Extra Space Storage Announces Addition of Crystal Call Maggelet and RJ Pittman to its Board of Directors

  • Extra Space Storage's 4.3% Debt Cost Is The Quiet Story Behind Its 93% Fixed Stack

  • Extra Space Storage Inc. Announces 2nd Quarter 2026 Dividend

  • REITs Excel, Earnings Swell, Fed Rebels

  • Extra Space Storage Inc (EXR) Q1 2026 Earnings Call Highlights: Strong Financial Performance Amid Competitive Market

  • Extra Space Storage Inc. (EXR) Q1 2026 Earnings Call Transcript

  • Extra Space Storage Q1 Core FFO & Revenues Beat Estimates

  • Extra Space Storage (EXR) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

  • Extra Space Storage (EXR) Q1 FFO and Revenues Surpass Estimates

  • Extra Space Storage Inc. Reports 2026 First Quarter Results

  • I Am Loading Up On These 3 REITs With Rapid Growth Potential

  • Extra Space Storage Inc $EXR Shares Sold by Cwm LLC

  • Should Extra Space Storage Stock Be in Your Portfolio Pre-Q1 Earnings?

  • A Narrow Strait To Peace

  • Barclays names top 4 defensive stocks to weather global uncertainty

  • Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 1st Quarter Results

  • Conflict Without Closure