EXR
Extra Space Storage
$150.72
▲ 0.8%Updated Aug 7, 11:30 AM ET
EXR at a glance — five pillars scored 0–100 from real filed financials.
Overall: Neutral · 51/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▼ Down 0.8% over the last 12 months
Market Cap
$31.55B
P/E
33.73x
Forward P/E (est.)
32.91x
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)
4.7%
Rating Score
51/100
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 $31.55B.
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.
Evidence of durable competitive advantage in the filed financials (10 years of history).
Some durable-advantage evidence, but not across the board — dig into which ingredient is weak and whether it's cyclical or structural.
1111.1% average over the last 3 years
±181.3 pts around 1290.5% across 10 years
grew in 8 of the last 9 year-over-year periods
positive in 10 of 10 years
8.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
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 $150.72, above its 50-day average ($144.19) and 200-day average ($140.14). 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 48 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 $3.09 (~2.1% 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 $142.78 (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 0.6× the 20-day average — lighter than usual, so the move carries less conviction. 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.
4Y CAGR
18.2%
Revenue moved from $39.84M in 2016 to $129.48M in 2025, a 14.0% 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.
Can the payout survive a bad year? Scored from filed cash flow, earnings coverage, and the raise/cut record.
Coverage is weak, the payout was cut recently, or it's being financed rather than earned — treat the current yield as fragile.
Dividend yield
4.4%
Per share (latest FY)
$6.48
Total paid (latest FY)
$1.37B
History on record
10 years
dividend uses 107% of free cash flow
141% of net income paid out
no current raise streak
no cuts in the last 10 years on record
Coverage uses the latest fiscal year as filed with the SEC; the streak counts total dollars paid (per-share figures can carry split artifacts). Educational information, not income advice.
P/E
33.73x
P/S
9.16x
P/B
2.14x
EV / EBITDA
—
EXR trades at 33.7x trailing earnings (about 32.9x on estimated forward earnings), 9.2x sales, and 2.1x book value. Reverse-engineering today's price implies the market expects roughly 4.7% long-term free-cash-flow growth. That is a premium multiple that needs growth to justify it.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
$105.67
Current price
$150.72
Starting FCF (latest 10-K)
$1.29B
Growth, years 1–5
4.2%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where EXR sits versus its Real Estate sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 33 Real Estate companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. 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 (41 S&P 500 companies), EXR ranks #19 of 41 by our overall rating. It trades at roughly in line versus the sector on earnings (33.7x P/E vs. 32.4x 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
33.7x
median 32.4x
ROE vs sector
7.0%
median 8.0%
Growth vs sector
4.2%
median 5.3%
Sector rank
#19
of 41 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 41 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)
$0.00 – $0.00
vs. $150.72 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 | $0.35 | $0.36 | $0.38 |
| Share price (low) | $6.43 | $6.69 | $6.96 | $7.24 | $7.53 |
| Share price (high) | $10.94 | $11.37 | $11.83 | $12.30 | $12.79 |
| 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 33.7x 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 33.7x earnings, which our model scores Neutral (51/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 25 Wall Street analysts covering EXR recommend (August 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Latest SEC Filings
EXR's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
EXR — frequently asked questions
Is EXR a good stock to buy?
We don't give buy or sell advice. Our model rates Extra Space Storage Neutral (51/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is EXR's rating on The Stocks School?
Extra Space Storage currently scores 51/100 (Neutral) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does EXR's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Extra Space Storage's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for EXR calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this EXR analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell EXR. Always do your own research and consider a licensed professional.
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.