Stock · EXR · Real Estate
United States · Large Cap · listed since 2004 · Revenue 12 mo. $3.4B
Price as of 11/06/2026
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500.
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2026, the Company owned and/or operated 4,410 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 3.0 million units and approximately 341.0 million square feet of rentable space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage, and business storage. It is the largest operator of self-storage properties in the United States. Extra Space Storage Inc. was incorporated in 1977 in Maryland, USA.
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Summary
55.7 of 100
Mean of the six area values. Each area value is the mean of the stock's ranks among the companies in its sector. 50 is the middle of the sector, not a share of companies beaten.
Analysis
What the price requires
If free cash flow stays at €1.6B (2025), it supports €18.2B. The remaining €12.3B of the market value assume it grows 7.3% a year for 10 years and not at all afterwards.
Required FCF growth per year
7.3%
no growth afterwards
Price to operating cash flow 18.4×, within its usual range.
Middle half of 20 quarters: 16.7× to 21.5×, median 18.2×.
Measures only against its own past, not against what the company is worth. Price as of 11/06/2026.
with respect to the priced-in expectation
with respect to the priced-in expectation
No anomaly in the stored figures.
Since the last quarter
Q1 → Q2 2026
7 more unchanged: Revenue, 12 mo., FCF, 12 mo., EBIT margin, FCF margin, Net debt, Shares outstanding, Return on equity
Derivation
Each area value is the average of its metrics' ranks within the sector (0 to 100, 50 is the middle). For metrics where lower is better, the rank is mirrored. The overall value is the average of the area values.
Price as of 11/06/2026.
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Return on equity | 7.25% | 7.47% | Rank 48 |
| Return on capital (Greenblatt) | 124.94% | 30.55% | Rank 66 |
| EBIT margin | 44.09% | 45.85% | Rank 48 |
| FCF margin | 54.15% | 37.62% | Rank 78 |
| Gross margin | 28.43% | 55.39% | Rank 26 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Revenue growth, 1 year | 1.19% | 6.62% | Rank 20 |
| Earnings growth, 3 years per year | −8.87% | 3.56% | Rank 34 |
| Earnings growth, 5 years per year | 4.34% | 4.17% | Rank 51 |
| Sustainable growth (ROE × retained earnings) | 0.63% | 2.49% | Rank 32 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Earnings yield | 2.89% | 5.58% | Rank 23 |
| FCF yield | 5.37% | 4.79% | Rank 58 |
| EV/saleslower is better | 14.48 | 12.03 | Rank 28 |
| EV/EBITlower is better | 32.85 | 23.23 | Rank 26 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Share price, 1 year | 11.86% | −13.68% | Rank 89 |
| Share price, 6 months | 11.57% | −6.91% | Rank 90 |
| Share price, 3 months | 11.58% | 0.34% | Rank 88 |
| Distance from 52-week high | −1.15% | −18.73% | Rank 98 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Accruals (Sloan)lower is better | −0.21% | 3.12% | Rank 74 |
| Change in share countlower is better | 0.13% | 0.26% | Rank 54 |
| Dividend streak in years | 16 | 4 | Rank 96 |
| Price reaction to results, market-adjusted | −0.09% | −0.47% | Rank 59 |
| Metric | Stock | Sector median | Position in sector |
|---|---|---|---|
| Equity ratio | 45.90% | 46.36% | Rank 49 |
| Net debt/EBITDAlower is better | 6.14 | 6.62 | Rank 57 |
| Debt to equitylower is better | 1.11 | 0.92 | Rank 35 |
| Volatility, 1 yearlower is better | 22.72% | 25.05% | Rank 64 |
Ten years in figures
| Year | Revenue, $B | EBIT margin | FCF | Shares | Net debt, $B |
|---|---|---|---|---|---|
| 2016 | 1.0 | 44.8% | $534.3M | 126M | 4.3 |
| 2017 | 1.1 | 48.3% | $589.6M | 134M | 4.5 |
| 2018 | 1.2 | 51.2% | $673.5M | 133M | 4.8 |
| 2019 | 1.3 | 48.1% | $699.9M | 136M | 5.3 |
| 2020 | 1.4 | 48.3% | $764.1M | 130M | 5.9 |
| 2021 | 1.6 | 60.6% | $948.8M | 140M | 6.1 |
| 2022 | 2.0 | 53.4% | $1.2B | 142M | 7.5 |
| 2023 | 2.6 | 44.8% | $1.3B | 169M | 11.2 |
| 2024 | 3.3 | 39.7% | $1.9B | 212M | 12.9 |
| 2025 | 3.4 | 44.1% | $1.8B | 212M | 14.8 |
3 of 7 StockScorer Score rules met · How the score is built
Extra Space Storage Inc mainly meets criteria in the Valuation category. Result from 18 strategies checked.
This is how the StockScorer Score strategy, the flagship rule set, calculates the points for Extra Space Storage Inc. It compares return and cash-flow metrics with the median of the company's own sector and checks growth and price trend.
3 of 7 rules met
6 of 11 points
The rule “Exclusion: financial and real estate stocks” applies. The stock is therefore not rated regardless of the points scored.
Detail data
Excerpt from 18 strategies checked. The full evaluation is visible after a free sign-up.
With a free account, you can see the match across all strategies checked in one complete overview.
Selected fundamental metrics for Extra Space Storage Inc.
| Metric | Stock | Sector |
|---|---|---|
| P/E ratio | 34.6 | 16.4 |
| P/B ratio | 2.5 | 1.0 |
| Return on equity (ROE) | 7.3% | 7.5% |
| Equity ratio | 45.9% | 46.4% |
| Debt-to-equity (D/E) | 1.11 | 0.92 |
| Dividend yield | 4.1% | 4.2% |
How comparable stocks in the same sector score in the StockScorer model.
| Symbol | Company | Rating |
|---|---|---|
| EXR | Extra Space Storage Incthis page | |
| PSA | Public Storage | Low4.5 |
| PLD | Prologis Inc | Low1.8 |
| SGRO.L | Segro Plc | locked |
| LMP.L | LondonMetric Property Plc | locked |
| BBOX.L | Tritax Big Box REIT plc | locked |
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Learn more about the metrics in the metrics glossary or all rated stocks in the stock overview.
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