← Back to Screener
ScreenerNewsCompareWatchlist
VCP ScannerFree US Stock Screener & Financial AnalysisFree US Stock Screener
ScreenerThemesNewsCompareWatchlist
AnalyzeValuationTotal ReturnDCA CalculatorInsider Activity

EXR logoExtra Space Storage Inc.(EXR)Earnings, Financials & Key Ratios

EXR•NYSE•REIT / Real Estate
$139.79
$29.52B mkt cap·30.5× P/E·Price updated May 6, 2026
SectorReal EstateIndustryIndustrial REITsSub-IndustrySelf-Storage REITs
AboutExtra 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 September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space. 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. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.Show more
  • Revenue$3.38B+1.2%
  • FFO$1.69B+3.5%
  • FFO/Share7.97+3.3%
  • FFO Payout81.36%-3.4%
  • FFO per Share7.97+3.3%
  • NOI Margin28.43%-62.7%
  • FFO Margin50.01%+2.3%
  • ROE6.68%+18.2%
  • ROA3.35%+10.4%
  • Debt/Assets51.16%+13.3%
  • Net Debt/EBITDA6.73+9.7%
  • Book Value/Share67.61-3.7%
Analysis→Technical→

EXR Key Insights

Extra Space Storage Inc. (EXR) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Strong 5Y profit CAGR of 15.1%
  • ✓Healthy dividend yield of 4.6%

✗Weaknesses

  • ✗Low NOI margin of 28.4%
  • ✗Dividend payout exceeds 100% of earnings

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

EXR Price & Volume

Extra Space Storage Inc. (EXR) stock price & volume — 10-year historical chart

Loading chart...

EXR Growth Metrics

Extra Space Storage Inc. (EXR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years15.57%
5 Years19.63%
3 Years19.78%
TTM1.19%

Profit CAGR

10 Years17.79%
5 Years15.12%
3 Years4.21%
TTM14.01%

EPS CAGR

10 Years11.4%
5 Years4.35%
3 Years-10.54%
TTM12.38%

Return on Capital

10 Years7.7%
5 Years7.52%
3 Years5.55%
Last Year5.42%

EXR Recent Earnings

Extra Space Storage Inc. (EXR) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 12/12 qtrs (100%)
Q2 2026Latest
Apr 28, 2026
EPS
$1.14
Est $1.12
+1.8%
Revenue
$856M
Est $851M
+0.5%
Q1 2026
Feb 19, 2026
EPS
$1.36
Est $1.17
+16.2%
Revenue
$857M
Est $855M
+0.3%
Q4 2025
Oct 29, 2025
EPS
$2.08
Est $2.06
+1.0%
Revenue
$778M
Est $733M
+6.1%
Q3 2025
Jul 30, 2025
EPS
$2.05
Est $2.06
-0.5%
Revenue
$842M
Est $732M
+14.9%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 28, 2026
$1.14vs $1.12+1.8%
$856Mvs $851M+0.5%
Q1 2026Feb 19, 2026
$1.36vs $1.17+16.2%
$857Mvs $855M+0.3%
Q4 2025Oct 29, 2025
$2.08vs $2.06+1.0%
$778Mvs $733M+6.1%
Q3 2025Jul 30, 2025
$2.05vs $2.06-0.5%
$842Mvs $732M+14.9%
Based on last 12 quarters of dataView full earnings history →

EXR Peer Comparison

Extra Space Storage Inc. (EXR) competitors in Self-Storage REITs — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
PSA logoPSAPublic StorageDirect Competitor52.46B298.8233.172.74%39.16%20.27%5.52%1.10
CUBE logoCUBECubeSmartDirect Competitor8.93B39.1726.835.33%28.93%11.7%6.35%1.27
NSA logoNSANational Storage Affiliates TrustDirect Competitor3.23B41.9059.85-2.26%11.92%5.74%9.28%2.23
SST logoSSTSystem1, Inc.Direct Competitor32.19M3.98-0.48-22.62%-24.55%-151.28%0.55
PLD logoPLDPrologis, Inc.Product Competitor130.26B140.2734.982.22%36.7%5.61%3.77%0.54
REXR logoREXRRexford Industrial Realty, Inc.Product Competitor8.44B35.5541.347.13%21.29%2.34%2.47%0.40
FR logoFRFirst Industrial Realty Trust, Inc.Product Competitor8.18B61.7333.018.58%45.99%12.35%1.4%0.93
EGP logoEGPEastGroup Properties, Inc.Product Competitor10.77B200.4041.1512.97%39.7%8.37%3.76%0.50

Compare EXR vs Peers

Extra Space Storage Inc. (EXR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs PSA

Most directly comparable listed peer for EXR.

Scale Benchmark

vs PLD

Larger-name benchmark to compare EXR against a more recognizable public peer.

Peer Set

Compare Top 5

vs PSA, CUBE, NSA, SST

EXR Income Statement

Extra Space Storage Inc. (EXR) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Revenue1.12B1.21B1.32B1.38B1.61B1.97B2.62B3.34B3.38B
Revenue Growth %11.5%8.1%8.97%4.46%16.77%22.11%33.04%27.64%1.19%
Property Operating Expenses276.74M301.25M340.32M358.77M379.3M423.35M594M790.79M2.42B
Net Operating Income (NOI)
843.6M▲ 0%
909.81M▲ 7.8%
979.41M▲ 7.7%
1.02B▲ 4.1%
1.23B▲ 20.7%
1.54B▲ 25.3%
2.02B▲ 31.0%
2.55B▲ 26.0%
960.17M▼ 62.3%
NOI Margin %75.3%75.13%74.21%73.98%76.44%78.46%77.29%76.31%28.43%
Operating Expenses189.21M290.1M344.45M353.66M254.46M491.85M850.94M1.22B-528.83M
G&A Expenses93.37M97.41M114.52M124.93M120.99M174.88M223.32M282.06M186.34M
EBITDA734.9M828.75M854.82M890.58M1.22B1.34B1.67B2.1B2.2B
EBITDA Margin %65.6%68.43%64.77%64.6%75.65%68.11%63.89%62.95%65.26%
Depreciation & Amortization193.3M209.05M219.86M224.44M241.88M288.32M500.68M777.72M715.18M
D&A / Revenue %17.25%17.26%16.66%16.28%15.03%14.67%19.15%23.3%21.17%
Operating Income
541.61M▲ 0%
619.7M▲ 14.4%
634.96M▲ 2.5%
666.14M▲ 4.9%
975.95M▲ 46.5%
1.05B▲ 7.6%
1.17B▲ 11.4%
1.32B▲ 13.1%
1.49B▲ 12.5%
Operating Margin %48.34%51.17%48.11%48.32%60.63%53.44%44.75%39.65%44.09%
Interest Expense158.61M183.12M191.27M172.3M166.18M219.17M437.82M595.07M635.13M
Interest Coverage3.51x3.29x3.37x3.89x5.22x4.92x2.95x2.49x2.68x
Non-Operating Income97.46M16.36M-10.07M-4.29M108.4M-28.64M-121.57M-158.67M-210.23M
Pretax Income
517.85M▲ 0%
456.32M▼ 11.9%
462.43M▲ 1.3%
531.39M▲ 14.9%
898.08M▲ 69.0%
942.08M▲ 4.9%
872.01M▼ 7.4%
933.71M▲ 7.1%
1.06B▲ 14.0%
Pretax Margin %46.22%37.68%35.04%38.55%55.79%47.93%33.35%27.97%31.51%
Income Tax3.63M9.24M11.31M13.81M20.32M20.93M21.56M33.48M41.56M
Effective Tax Rate %0.7%2.03%2.45%2.6%2.26%2.22%2.47%3.59%3.91%
Net Income
479.01M▲ 0%
415.29M▼ 13.3%
419.97M▲ 1.1%
481.78M▲ 14.7%
827.65M▲ 71.8%
860.69M▲ 4.0%
803.2M▼ 6.7%
854.68M▲ 6.4%
974M▲ 14.0%
Net Margin %42.76%34.29%31.82%34.95%51.42%43.79%30.71%25.61%28.84%
Net Income Growth %30.83%-13.3%1.13%14.72%71.79%3.99%-6.68%6.41%13.96%
Funds From Operations (FFO)
672.31M▲ 0%
624.34M▼ 7.1%
639.82M▲ 2.5%
706.22M▲ 10.4%
1.07B▲ 51.4%
1.15B▲ 7.4%
1.3B▲ 13.5%
1.63B▲ 25.2%
1.69B▲ 3.5%
FFO Margin %60.01%51.55%48.48%51.23%66.44%58.46%49.86%48.9%50.01%
FFO Growth %22.53%-7.14%2.48%10.38%51.44%7.43%13.48%25.2%3.48%
FFO per Share5.014.694.695.457.648.117.717.727.97
FFO Payout Ratio %58.46%68.06%71.6%66.23%56.19%70.09%80.25%84.23%81.36%
EPS (Diluted)
3.76▲ 0%
3.12▼ 17.0%
3.24▲ 3.8%
3.71▲ 14.5%
6.19▲ 66.8%
6.41▲ 3.6%
4.74▼ 26.1%
4.03▼ 15.0%
4.59▲ 13.9%
EPS Growth %29.21%-17.02%3.85%14.51%66.85%3.55%-26.05%-14.98%13.9%
EPS (Basic)3.793.283.273.716.206.414.744.034.59
Diluted Shares Outstanding134.16M133.16M136.43M129.58M140.02M141.68M169.22M211.58M211.85M

EXR Balance Sheet

Extra Space Storage Inc. (EXR) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Assets7.46B7.85B8.53B9.4B10.47B12.17B27.46B28.85B29.26B
Asset Growth %5.13%5.27%8.72%10.12%11.48%16.16%125.65%5.07%1.44%
Real Estate & Other Assets7.17B7.52B7.68B7.89B8.83B10.04B24.56B24.62B117.99M
PP&E (Net)00264.64M252.17M257.01M264.53M275.94M740.17M797.33M
Investment Securities1000K1000K1000K1000K1000K1000K1000K1000K1000K
Total Current Assets86.04M72.69M114.32M421.82M617.82M792.04M929.72M1.66B1.79B
Cash & Equivalents55.68M57.5M65.75M109.12M71.13M92.87M99.06M138.22M138.92M
Receivables001000K1000K1000K1000K1000K1000K1000K
Other Current Assets27.51M15.19M4.99M18.89M5.07M4.87M6.02M5.08M0
Intangible Assets126.82M132M134.93M137.14M16.46M21.57M147.58M22.47M182.4M
Total Liabilities4.73B5.06B5.61B6.46B6.69B8.09B12.04B13.99B14.94B
Total Debt4.55B4.81B5.32B6.01B6.19B7.56B11.25B13.03B14.97B
Net Debt4.5B4.75B5.26B5.9B6.12B7.47B11.15B12.89B14.83B
Long-Term Debt4.46B4.73B4.89B4.8B5.42B6.39B10.33B10.96B12.6B
Short-Term Borrowings94M81M158M949M535M945M682M1.36B1.39B
Capital Lease Obligations00274.78M263.49M233.36M229.03M236.51M705.85M974.54M
Total Current Liabilities195.9M227.66M314.65M1.13B740.87M1.18B1.09B1.78B1.39B
Accounts Payable96.09M101.46M111.38M130.01M142.28M171.68M334.52M346.52M0
Deferred Revenue000000000
Other Liabilities81.03M104.38M132.77M272.8M291.53M289.65M383.46M538.87M-77.42M
Total Equity
2.72B▲ 0%
2.79B▲ 2.3%
2.92B▲ 4.9%
2.94B▲ 0.5%
3.79B▲ 28.9%
4.08B▲ 7.7%
15.41B▲ 278.0%
14.86B▼ 3.6%
14.32B▼ 3.6%
Equity Growth %4.92%2.26%4.89%0.49%28.94%7.72%277.95%-3.6%-3.6%
Shareholders Equity2.35B2.41B2.54B2.55B3.12B3.26B14.39B13.95B13.43B
Minority Interest373.06M371.7M381.73M388.35M669.48M818.68M1.02B911.83M890.87M
Common Stock1.26M1.27M1.29M1.31M1.34M1.34M2.11M2.12M2.11M
Additional Paid-in Capital2.57B2.64B2.87B3B3.29B3.35B14.75B14.83B14.88B
Retained Earnings-253.28M-262.9M-301.05M-354.9M-128.25M-135.87M-379.01M-899.34M-1.45B
Preferred Stock000000000
Return on Assets (ROA)6.59%5.43%5.13%5.37%8.33%7.6%4.05%3.04%3.35%
Return on Equity (ROE)18.01%15.08%14.72%16.45%24.62%21.89%8.24%5.65%6.68%
Debt / Assets61.09%61.31%62.37%63.96%59.11%62.14%40.99%45.16%51.16%
Debt / Equity1.67x1.73x1.82x2.05x1.64x1.85x0.73x0.88x1.05x
Net Debt / EBITDA6.12x5.74x6.15x6.63x5.03x5.58x6.68x6.13x6.73x
Book Value per Share20.3020.9221.4122.6627.0428.7891.0970.2367.61

EXR Cash Flow Statement

Extra Space Storage Inc. (EXR) cash flow — operating, investing & free cash flow history

Line itemDec'17Dec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations597.38M677.79M707.69M771.23M952.44M1.24B1.4B1.89B1.85B
Operating CF Growth %10.78%13.46%4.41%8.98%23.5%30%13.27%34.58%-1.97%
Operating CF / Revenue %53.32%55.97%53.62%55.94%59.17%62.99%53.63%56.55%54.78%
Net Income514.22M447.08M451.12M517.58M877.76M921.16M850.45M900.23M1.02B
Depreciation & Amortization193.3M209.05M219.86M224.44M241.88M288.32M506.05M783.02M715.18M
Stock-Based Compensation9.56M11.18M13.05M16.28M17.3M21.39M26.64M22.91M35.54M
Other Non-Cash Items17.39M18.97M17.8M6.17M-22.09M-28.82M19.89M123.51M98.09M
Working Capital Changes-28.87M15.46M707K17.93M-22.43M36.1M-558K57.76M-21.15M
Cash from Investing-369.56M-443.9M-621.63M-955.43M-837.54M-1.65B-1.82B-1.65B-814.21M
Acquisitions (Net)-17.36M-16.37M-193.78M-64.42M-23.07M-275.92M-1.36B-286.5M0
Purchase of Investments000-300M00000
Sale of Investments000000000
Other Investing-327.9M-423.23M-420.09M-583.91M-810.81M-1.35B-439.57M-1.34B-793.07M
Cash from Financing-215.99M-247.25M-88.01M241.47M-166.71M431.86M423.13M-202.29M-1.04B
Dividends Paid-393.04M-424.91M-458.11M-467.76M-600.99M-805.31M-1.05B-1.38B-1.37B
Common Dividends-393.04M-424.91M-458.11M-467.76M-600.99M-805.31M-1.05B-1.38B-1.37B
Debt Issuance (Net)1000K1000K1000K1000K1000K1000K1000K1000K1000K
Share Repurchases000-67.87M0-67.51M00-149.55M
Other Financing-41.25M43.41M164.83M-17.63M-45.6M-71.73M-99.17M-89.14M-96.76M
Net Change in Cash
11.82M▲ 0%
-13.35M▼ 212.9%
-1.96M▲ 85.3%
57.28M▲ 3026.7%
-51.81M▼ 190.5%
21.54M▲ 141.6%
7.35M▼ 65.9%
38.22M▲ 420.1%
-123K▼ 100.3%
Exchange Rate Effect000000000
Cash at Beginning43.86M86.04M72.69M70.73M128.01M76.19M97.73M105.08M143.3M
Cash at End55.68M72.69M70.73M128.01M76.19M97.73M105.08M143.3M143.18M
Free Cash Flow
589.56M▲ 0%
673.5M▲ 14.2%
699.92M▲ 3.9%
764.14M▲ 9.2%
948.78M▲ 24.2%
1.22B▲ 28.1%
1.39B▲ 14.1%
1.87B▲ 34.7%
1.83B▼ 2.0%
FCF Growth %10.34%14.24%3.92%9.17%24.16%28.09%14.08%34.65%-2.03%
FCF / Revenue %52.62%55.61%53.04%55.43%58.94%61.83%53.02%55.93%54.15%

EXR Key Ratios

Extra Space Storage Inc. (EXR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2016201720182019202020212022202320242025
FFO per Share4.365.014.694.695.457.648.117.717.727.97
FFO Payout Ratio67.04%58.46%68.06%71.6%66.23%56.19%70.09%80.25%84.23%81.36%
NOI Margin74.85%75.3%75.13%74.21%73.98%76.44%78.46%77.29%76.31%28.43%
Net Debt / EBITDA6.74x6.12x5.74x6.15x6.63x5.03x5.58x6.68x6.13x6.73x
Debt / Assets60.72%61.09%61.31%62.37%63.96%59.11%62.14%40.99%45.16%51.16%
Interest Coverage3.46x3.51x3.29x3.37x3.89x5.22x4.92x2.95x2.49x2.68x
Book Value / Share20.6120.320.9221.4122.6627.0428.7891.0970.2367.61
Revenue Growth26.45%11.5%8.1%8.97%4.46%16.77%22.11%33.04%27.64%1.19%

EXR SEC Filings & Documents

Extra Space Storage Inc. (EXR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 28, 2026·SEC

Material company update

Feb 19, 2026·SEC

Material company update

Jan 5, 2026·SEC

10-K Annual Reports

3
FY 2026

Feb 20, 2026·SEC

FY 2025

Feb 28, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Oct 31, 2025·SEC

FY 2025

Aug 1, 2025·SEC

FY 2025

May 2, 2025·SEC

EXR Frequently Asked Questions

Extra Space Storage Inc. (EXR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Extra Space Storage Inc. (EXR) reported $3.38B in revenue for fiscal year 2025. This represents a 14705% increase from $22.8M in 2001.

Extra Space Storage Inc. (EXR) grew revenue by 1.2% over the past year. Growth has been modest.

Yes, Extra Space Storage Inc. (EXR) is profitable, generating $974.0M in net income for fiscal year 2025 (28.8% net margin).

Dividend & Returns

Yes, Extra Space Storage Inc. (EXR) pays a dividend with a yield of 4.64%. This makes it attractive for income-focused investors.

Extra Space Storage Inc. (EXR) has a return on equity (ROE) of 6.7%. This is below average, suggesting room for improvement.

Industry Metrics

Extra Space Storage Inc. (EXR) generated Funds From Operations (FFO) of $1.69B in the trailing twelve months. FFO is the primary profitability metric for REITs.

Extra Space Storage Inc. (EXR) offers a 4.64% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.

Explore More EXR

Extra Space Storage Inc. (EXR) financial analysis — history, returns, DCA and operating performance tools

Full EXR Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

→

Total Return Calculator

Historical returns with dividends reinvested

→

DCA Calculator

Dollar cost averaging vs lump sum

→

Dividend History

Yield, growth, payout safety & DRIP

→

Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
VCP ScannerFree US Stock Screener & Financial Analysis

Find stocks. Verify deeply. Act with conviction.

Patterns find ideas. Fundamentals build conviction.

Data updated daily

Quick Links

  • Home
  • Screener
  • Themes
  • Market Valuation
  • Valuation
  • Compare
  • Total Return
  • DCA Calculator
  • News
  • Insights
  • Methodology
  • How It Works
  • Profile

Popular Screens

  • VCP Hot
  • VCP Warm
  • Value Screens
  • Growth Screens
  • Momentum Screens
  • Technical Screens
  • Quality Screens

Community

  • Follow @VCPScanner on X

Get weekly stock ideas — free

© 2026 VCP Scanner. All rights reserved.
About·Privacy Policy·Terms of Service
Not financial advice. Do your own research.