EXR
Extra Space Storage
$146.08
▲ 0.5%Updated Today 7:15 PM ET
▼ Down 0.8% over the last 12 months
Market Cap
$30.70B
P/E
32.52x
Forward P/E (est.)
31.74x
ROE
7.0%
Revenue Growth
4.2%
EPS Growth
2.5%
Profit Margin
27.7%
FCF Yield
5.4%
Debt / Equity
1x
ROIC
8.0%
Interest Coverage
3.37x
Current Ratio
—
Dividend Yield
4.4%
Implied Growth (rev. DCF)
4.6%
Rating Score
51/100
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what EXR's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. EXR trades near $146.08, above its 50-day average ($143.07) and 200-day average ($140.03). Price above both averages, with the shorter one above the longer, is the textbook definition of an uptrend — momentum favours buyers.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 46 it is in neutral territory — neither stretched nor washed out.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently negative — short-term momentum is fading.
Volatility — ATR. Average True Range is the typical daily move. EXR's is $3.29 (~2.3% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month EXR found buyers near $139.54 (support) and sellers near $151.75 (resistance); its 52-week range is $125.71–$155.19. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 1.4× the 20-day average — heavier than usual, which adds conviction to the move. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
Extra Space Storage (EXR) is a large-cap company in the Self-Storage REITs industry, part of the Real Estate sector of the S&P 500, with a market value around $30.70B.
In its latest reported year it generated about $129.48M in revenue and $974.00M in net profit.
Our model rates EXR Neutral (51/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
4Y CAGR
18.2%
Revenue moved from $66.26M in 2021 to $129.48M in 2025, a 18.2% compound annual growth rate. The most recent year was roughly flat (4.2%) year over year. Slower, mature growth is common for established businesses.
Gross Margin
70.6%
Operating Margin
1091.1%
Net Margin
752.3%
ROE
7.0%
Extra Space Storage keeps about 27.7% of each sales dollar as net profit, with a 70.6% gross margin and 1091.1% operating margin. Return on equity is 7.0% and return on invested capital about 8.0%. Margins this wide usually signal pricing power or a cost advantage.
Total Debt
$560.61M
Net Debt
$421.63M
Net Debt / EBITDA
0.3x
Debt / Equity
1x
Leverage: debt-to-equity is 1.0x, and operating profit covers interest about 3.4x. That is a moderate, manageable debt load for most businesses. It carries roughly $560.61M of total debt against $138.99M of cash.
Operating CF
$1.85B
Free Cash Flow
$1.29B
FCF Margin
995.1%
In the latest year Extra Space Storage produced about $1.85B of operating cash flow and $1.29B of free cash flow after capital spending. That is a free-cash-flow yield of about 5.4% on today's price. Strong cash generation funds dividends, buybacks, and reinvestment.
P/E
32.52x
P/S
9.16x
P/B
2.06x
EV / EBITDA
14.73x
EXR trades at 32.5x trailing earnings (about 31.7x on estimated forward earnings), 9.2x sales, and 2.1x book value. Reverse-engineering today's price implies the market expects roughly 4.6% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
Where this stock sits versus what most companies trade at.
Typical ranges are general references (e.g., many stocks trade at ~18–26x earnings), not hard rules. Context only — not investment advice.
How EXR stacks up against its Real Estate peers — valuation, profitability, and growth versus the sector median.
In the Real Estate sector (31 S&P 500 companies), EXR ranks #18 of 31 by our overall rating. It trades at roughly in line versus the sector on earnings (32.5x P/E vs. 30.8x median) with a lower return on equity (7.0% vs. 8.0%) and slower revenue growth (4.2% vs. 5.3%).
P/E vs sector
32.5x
median 30.8x
ROE vs sector
7.0%
median 8.0%
Growth vs sector
4.2%
median 5.3%
Sector rank
#18
of 31 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Real Estate companies by sub-industry and size. Sector median is across all 31 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$7.46 – $12.30
vs. $146.08 today · expected CAGR -45% – -39%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $134.66M | $140.04M | $145.64M | $151.47M | $157.53M |
| Net income | $67.33M | $70.02M | $72.82M | $75.73M | $78.76M |
| EPS | $0.32 | $0.33 | $0.34 | $0.36 | $0.37 |
| Share price (low) | $6.37 | $6.63 | $6.89 | $7.17 | $7.46 |
| Share price (high) | $10.52 | $10.94 | $11.38 | $11.83 | $12.30 |
| CAGR (low–high) | -96% / -93% | -79% / -73% | -64% / -57% | -53% / -47% | -45% / -39% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for EXR:
- High net margins (27.7%) point to pricing power or efficiency.
- Healthy free-cash-flow yield (~5.4%) funds buybacks and dividends.
- Pays a 4.4% dividend on top of any price gains.
The case against EXR:
- Like any single stock, it is exposed to competition, the economic cycle, and shifts in its end markets.
Valuation risk — at 32.5x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the picture is mixed: Extra Space Storage is a large-cap real estate business growing at a mature pace, with solid profitability, and a heavier debt load to watch. It trades at 32.5x earnings, which our model scores Neutral (51/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.