EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis

NYSE:EXR • US30225T1025

147.605 USD
+1.51 (+1.04%)
Last: Feb 20, 2026, 11:54 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

3

Overall EXR gets a fundamental rating of 3 out of 10. We evaluated EXR against 28 industry peers in the Specialized REITs industry. While EXR is still in line with the averages on profitability rating, there are concerns on its financial health. EXR has a expensive valuation and it also scores bad on growth.


Dividend Valuation Growth Profitability Health

4

1. Profitability

1.1 Basic Checks

  • In the past year EXR was profitable.
  • EXR had a positive operating cash flow in the past year.
  • Of the past 5 years EXR 4 years were profitable.
  • EXR had a positive operating cash flow in 4 of the past 5 years.
EXR Yearly Net Income VS EBIT VS OCF VS FCFEXR Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B 1.5B

1.2 Ratios

  • With a decent Return On Assets value of 3.24%, EXR is doing good in the industry, outperforming 60.71% of the companies in the same industry.
  • The Return On Equity of EXR (6.96%) is comparable to the rest of the industry.
  • Looking at the Return On Invested Capital, with a value of 4.10%, EXR is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • The Average Return On Invested Capital over the past 3 years for EXR is in line with the industry average of 4.75%.
Industry RankSector Rank
ROA 3.24%
ROE 6.96%
ROIC 4.1%
ROA(3y)4.31%
ROA(5y)5.19%
ROE(3y)12.69%
ROE(5y)16.69%
ROIC(3y)4.86%
ROIC(5y)5.36%
EXR Yearly ROA, ROE, ROICEXR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20 25

1.3 Margins

  • EXR has a Profit Margin of 28.35%. This is in the better half of the industry: EXR outperforms 67.86% of its industry peers.
  • In the last couple of years the Profit Margin of EXR has declined.
  • The Operating Margin of EXR (43.52%) is better than 67.86% of its industry peers.
  • EXR's Operating Margin has declined in the last couple of years.
  • EXR has a Gross Margin of 70.74%. This is comparable to the rest of the industry: EXR outperforms 50.00% of its industry peers.
  • In the last couple of years the Gross Margin of EXR has remained more or less at the same level.
Industry RankSector Rank
OM 43.52%
PM (TTM) 28.35%
GM 70.74%
OM growth 3Y-6.69%
OM growth 5Y-2.35%
PM growth 3Y-20.63%
PM growth 5Y-3.95%
GM growth 3Y-0.98%
GM growth 5Y-0.06%
EXR Yearly Profit, Operating, Gross MarginsEXR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

2

2. Health

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EXR is destroying value.
  • There is no outstanding debt for EXR. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
EXR Yearly Shares OutstandingEXR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M 200M
EXR Yearly Total Debt VS Total AssetsEXR Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

  • EXR has an Altman-Z score of 1.38. This is a bad value and indicates that EXR is not financially healthy and even has some risk of bankruptcy.
  • EXR has a better Altman-Z score (1.38) than 75.00% of its industry peers.
  • The Debt to FCF ratio of EXR is 15.11, which is on the high side as it means it would take EXR, 15.11 years of fcf income to pay off all of its debts.
  • EXR has a Debt to FCF ratio of 15.11. This is comparable to the rest of the industry: EXR outperforms 57.14% of its industry peers.
  • EXR has a Debt/Equity ratio of 0.95. This is a neutral value indicating EXR is somewhat dependend on debt financing.
  • The Debt to Equity ratio of EXR (0.95) is better than 64.29% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 15.11
Altman-Z 1.38
ROIC/WACC0.54
WACC7.56%
EXR Yearly LT Debt VS Equity VS FCFEXR Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B

2.3 Liquidity

  • EXR has a Current Ratio of 0.32. This is a bad value and indicates that EXR is not financially healthy enough and could expect problems in meeting its short term obligations.
  • EXR has a worse Current ratio (0.32) than 75.00% of its industry peers.
  • A Quick Ratio of 0.32 indicates that EXR may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.32, EXR is not doing good in the industry: 75.00% of the companies in the same industry are doing better.
Industry RankSector Rank
Current Ratio 0.32
Quick Ratio 0.32
EXR Yearly Current Assets VS Current LiabilitesEXR Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M 1B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

3

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.30% over the past year.
  • Measured over the past 5 years, EXR shows a small growth in Earnings Per Share. The EPS has been growing by 7.53% on average per year.
EPS 1Y (TTM)22.3%
EPS 3Y-5.58%
EPS 5Y7.53%
EPS Q2Q%67.74%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%21.24%

3.2 Future

  • Based on estimates for the next years, EXR will show a small growth in Earnings Per Share. The EPS will grow by 2.66% on average per year.
  • EXR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.58% yearly.
EPS Next Y-8.3%
EPS Next 2Y-2.19%
EPS Next 3Y1.45%
EPS Next 5Y2.66%
Revenue Next Year5.89%
Revenue Next 2Y4.96%
Revenue Next 3Y3.93%
Revenue Next 5Y3.58%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
EXR Yearly Revenue VS EstimatesEXR Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 1B 2B 3B
EXR Yearly EPS VS EstimatesEXR Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 2 4 6

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Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 27.75, which means the current valuation is very expensive for EXR.
  • Based on the Price/Earnings ratio, EXR is valued a bit cheaper than the industry average as 71.43% of the companies are valued more expensively.
  • Compared to an average S&P500 Price/Earnings ratio of 27.09, EXR is valued at the same level.
  • The Price/Forward Earnings ratio is 30.26, which means the current valuation is very expensive for EXR.
  • EXR's Price/Forward Earnings is on the same level as the industry average.
  • The average S&P500 Price/Forward Earnings ratio is at 27.98. EXR is around the same levels.
Industry RankSector Rank
PE 27.75
Fwd PE 30.26
EXR Price Earnings VS Forward Price EarningsEXR Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • EXR's Enterprise Value to EBITDA ratio is in line with the industry average.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of EXR is on the same level as its industry peers.
Industry RankSector Rank
P/FCF 36.68
EV/EBITDA 20.04
EXR Per share dataEXR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)3.68
EPS Next 2Y-2.19%
EPS Next 3Y1.45%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

6

5. Dividend

5.1 Amount

  • With a Yearly Dividend Yield of 4.44%, EXR is a good candidate for dividend investing.
  • EXR's Dividend Yield is slightly below the industry average, which is at 5.47.
  • Compared to an average S&P500 Dividend Yield of 1.85, EXR pays a better dividend.
Industry RankSector Rank
Dividend Yield 4.44%

5.2 History

  • The dividend of EXR is nicely growing with an annual growth rate of 12.75%!
  • EXR has paid a dividend for at least 10 years, which is a reliable track record.
  • EXR has not decreased its dividend for at least 10 years, so it has a reliable track record of non decreasing dividend.
Dividend Growth(5Y)12.75%
Div Incr Years0
Div Non Decr Years15
EXR Yearly Dividends per shareEXR Yearly Dividends per shareYearly Dividends per share 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2 4 6

5.3 Sustainability

  • 145.22% of the earnings are spent on dividend by EXR. This is not a sustainable payout ratio.
  • EXR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP145.22%
EPS Next 2Y-2.19%
EPS Next 3Y1.45%
EXR Yearly Income VS Free CF VS DividendEXR Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M 1B
EXR Dividend Payout.EXR Dividend Payout, showing the Payout Ratio.EXR Dividend Payout.PayoutRetained Earnings

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Find the best dividend stocksShow peers with best dividend

EXTRA SPACE STORAGE INC

NYSE:EXR (2/20/2026, 11:54:15 AM)

147.605

+1.51 (+1.04%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-19
Earnings (Next)04-27
Inst Owners99.18%
Inst Owner Change3.12%
Ins Owners0.9%
Ins Owner Change-0.03%
Market Cap31.33B
Revenue(TTM)N/A
Net Income(TTM)947.44M
Analysts68.33
Price Target154.68 (4.79%)
Short Float %2.37%
Short Ratio3.62
Dividend
Industry RankSector Rank
Dividend Yield 4.44%
Yearly Dividend6.5
Dividend Growth(5Y)12.75%
DP145.22%
Div Incr Years0
Div Non Decr Years15
Ex-Date03-16
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-17.3%
Min EPS beat(2)-35.64%
Max EPS beat(2)1.04%
EPS beat(4)3
Avg EPS beat(4)1.35%
Min EPS beat(4)-35.64%
Max EPS beat(4)23.64%
EPS beat(8)5
Avg EPS beat(8)-2.01%
EPS beat(12)8
Avg EPS beat(12)1.62%
EPS beat(16)12
Avg EPS beat(16)5.31%
Revenue beat(2)0
Avg Revenue beat(2)-6.46%
Min Revenue beat(2)-6.61%
Max Revenue beat(2)-6.31%
Revenue beat(4)0
Avg Revenue beat(4)-7.35%
Min Revenue beat(4)-8.65%
Max Revenue beat(4)-6.31%
Revenue beat(8)0
Avg Revenue beat(8)-6.42%
Revenue beat(12)2
Avg Revenue beat(12)-1.84%
Revenue beat(16)6
Avg Revenue beat(16)3.36%
PT rev (1m)-0.75%
PT rev (3m)-3.72%
EPS NQ rev (1m)0.11%
EPS NQ rev (3m)0.64%
EPS NY rev (1m)-5.49%
EPS NY rev (3m)-6.66%
Revenue NQ rev (1m)-0.15%
Revenue NQ rev (3m)1.47%
Revenue NY rev (1m)-0.65%
Revenue NY rev (3m)0.29%
Valuation
Industry RankSector Rank
PE 27.75
Fwd PE 30.26
P/S 9.37
P/FCF 36.68
P/OCF 16.57
P/B 2.3
P/tB 2.33
EV/EBITDA 20.04
EPS(TTM)5.32
EY3.6%
EPS(NY)4.88
Fwd EY3.3%
FCF(TTM)4.02
FCFY2.73%
OCF(TTM)8.91
OCFY6.03%
SpS15.75
BVpS64.16
TBVpS63.28
PEG (NY)N/A
PEG (5Y)3.68
Graham Number87.63
Profitability
Industry RankSector Rank
ROA 3.24%
ROE 6.96%
ROCE 5.19%
ROIC 4.1%
ROICexc 4.12%
ROICexgc 4.15%
OM 43.52%
PM (TTM) 28.35%
GM 70.74%
FCFM 25.55%
ROA(3y)4.31%
ROA(5y)5.19%
ROE(3y)12.69%
ROE(5y)16.69%
ROIC(3y)4.86%
ROIC(5y)5.36%
ROICexc(3y)4.89%
ROICexc(5y)5.4%
ROICexgc(3y)4.99%
ROICexgc(5y)5.5%
ROCE(3y)6.15%
ROCE(5y)6.79%
ROICexgc growth 3Y-15.49%
ROICexgc growth 5Y-8.59%
ROICexc growth 3Y-15.27%
ROICexc growth 5Y-8.37%
OM growth 3Y-6.69%
OM growth 5Y-2.35%
PM growth 3Y-20.63%
PM growth 5Y-3.95%
GM growth 3Y-0.98%
GM growth 5Y-0.06%
F-Score6
Asset Turnover0.11
Health
Industry RankSector Rank
Debt/Equity 0.95
Debt/FCF 15.11
Debt/EBITDA 5.9
Cap/Depr 141.76%
Cap/Sales 31.02%
Interest Coverage 2.64
Cash Conversion 86.5%
Profit Quality 90.14%
Current Ratio 0.32
Quick Ratio 0.32
Altman-Z 1.38
F-Score6
WACC7.56%
ROIC/WACC0.54
Cap/Depr(3y)221.95%
Cap/Depr(5y)275.25%
Cap/Sales(3y)37.71%
Cap/Sales(5y)44.84%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)22.3%
EPS 3Y-5.58%
EPS 5Y7.53%
EPS Q2Q%67.74%
EPS Next Y-8.3%
EPS Next 2Y-2.19%
EPS Next 3Y1.45%
EPS Next 5Y2.66%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%21.24%
Revenue Next Year5.89%
Revenue Next 2Y4.96%
Revenue Next 3Y3.93%
Revenue Next 5Y3.58%
EBIT growth 1Y3.53%
EBIT growth 3Y18.82%
EBIT growth 5Y17.19%
EBIT Next Year48.97%
EBIT Next 3Y16.38%
EBIT Next 5Y12.01%
FCF growth 1Y-0.03%
FCF growth 3YN/A
FCF growth 5Y29.67%
OCF growth 1Y42.36%
OCF growth 3Y25.61%
OCF growth 5Y21.68%

EXTRA SPACE STORAGE INC / EXR FAQ

What is the fundamental rating for EXR stock?

ChartMill assigns a fundamental rating of 4 / 10 to EXR.


What is the valuation status of EXTRA SPACE STORAGE INC (EXR) stock?

ChartMill assigns a valuation rating of 2 / 10 to EXTRA SPACE STORAGE INC (EXR). This can be considered as Overvalued.


What is the profitability of EXR stock?

EXTRA SPACE STORAGE INC (EXR) has a profitability rating of 5 / 10.


What is the earnings growth outlook for EXTRA SPACE STORAGE INC?

The Earnings per Share (EPS) of EXTRA SPACE STORAGE INC (EXR) is expected to decline by -8.3% in the next year.


Is the dividend of EXTRA SPACE STORAGE INC sustainable?

The dividend rating of EXTRA SPACE STORAGE INC (EXR) is 6 / 10 and the dividend payout ratio is 145.22%.