EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:EXR • US30225T1025
141.71 USD
+3.59 (+2.6%)
At close: Feb 4, 2026
141.71 USD
0 (0%)
After Hours: 2/4/2026, 8:16:56 PM
Taking everything into account, EXR scores 4 out of 10 in our fundamental rating. EXR was compared to 30 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. While showing a medium growth rate, EXR is valued expensive at the moment.
1. Profitability
1.1 Basic Checks
- EXR had positive earnings in the past year.
- EXR had a positive operating cash flow in the past year.
- Each year in the past 5 years EXR has been profitable.
- Each year in the past 5 years EXR had a positive operating cash flow.
1.2 Ratios
- EXR's Return On Assets of 3.24% is fine compared to the rest of the industry. EXR outperforms 66.67% of its industry peers.
- Looking at the Return On Equity, with a value of 6.96%, EXR is in line with its industry, outperforming 60.00% of the companies in the same industry.
- EXR has a Return On Invested Capital of 4.10%. This is comparable to the rest of the industry: EXR outperforms 50.00% of its industry peers.
- Measured over the past 3 years, the Average Return On Invested Capital for EXR is in line with the industry average of 4.81%.
| Industry Rank | Sector 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%
1.3 Margins
- EXR has a Profit Margin of 28.35%. This is in the better half of the industry: EXR outperforms 70.00% of its industry peers.
- EXR's Profit Margin has declined in the last couple of years.
- With a decent Operating Margin value of 43.52%, EXR is doing good in the industry, outperforming 70.00% of the companies in the same industry.
- 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.
- EXR's Gross Margin has been stable in the last couple of years.
| Industry Rank | Sector 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%
2. Health
2.1 Basic Checks
- EXR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- EXR has more shares outstanding than it did 1 year ago.
- The number of shares outstanding for EXR has been increased compared to 5 years ago.
- Compared to 1 year ago, EXR has a worse debt to assets ratio.
2.2 Solvency
- EXR has an Altman-Z score of 1.31. This is a bad value and indicates that EXR is not financially healthy and even has some risk of bankruptcy.
- With a decent Altman-Z score value of 1.31, EXR is doing good in the industry, outperforming 66.67% of the companies in the same industry.
- 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 56.67% 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.
- EXR has a Debt to Equity ratio (0.95) which is in line with its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 15.11 | ||
| Altman-Z | 1.31 |
ROIC/WACC0.55
WACC7.52%
2.3 Liquidity
- A Current Ratio of 0.32 indicates that EXR may have some problems paying its short term obligations.
- EXR has a worse Current ratio (0.32) than 76.67% of its industry peers.
- A Quick Ratio of 0.32 indicates that EXR may have some problems paying its short term obligations.
- Looking at the Quick ratio, with a value of 0.32, EXR is doing worse than 76.67% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.32 | ||
| Quick Ratio | 0.32 |
3. Growth
3.1 Past
- EXR shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.47%, which is quite good.
- The Earnings Per Share has been growing slightly by 6.33% on average over the past years.
- The Revenue has been growing slightly by 3.38% in the past year.
- Measured over the past years, EXR shows a very strong growth in Revenue. The Revenue has been growing by 20.01% on average per year.
EPS 1Y (TTM)8.47%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-14.29%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%
3.2 Future
- EXR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 6.17% yearly.
- Based on estimates for the next years, EXR will show a small growth in Revenue. The Revenue will grow by 3.05% on average per year.
EPS Next Y8.74%
EPS Next 2Y6.26%
EPS Next 3Y5.65%
EPS Next 5Y6.17%
Revenue Next Year1.82%
Revenue Next 2Y3.31%
Revenue Next 3Y3.61%
Revenue Next 5Y3.05%
3.3 Evolution
- The EPS growth rate is stable: in the next years the growth will be about the same than in the last years.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
- EXR is valuated quite expensively with a Price/Earnings ratio of 31.63.
- Based on the Price/Earnings ratio, EXR is valued a bit cheaper than 63.33% of the companies in the same industry.
- Compared to an average S&P500 Price/Earnings ratio of 28.25, EXR is valued at the same level.
- Based on the Price/Forward Earnings ratio of 28.85, the valuation of EXR can be described as expensive.
- Compared to the rest of the industry, the Price/Forward Earnings ratio of EXR is on the same level as its industry peers.
- Compared to an average S&P500 Price/Forward Earnings ratio of 27.50, EXR is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.63 | ||
| Fwd PE | 28.85 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as EXR.
- EXR's Price/Free Cash Flow is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 35.22 | ||
| EV/EBITDA | 19.27 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
PEG (NY)3.62
PEG (5Y)4.99
EPS Next 2Y6.26%
EPS Next 3Y5.65%
5. Dividend
5.1 Amount
- EXR has a Yearly Dividend Yield of 4.67%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.52, EXR is paying slightly less dividend.
- Compared to an average S&P500 Dividend Yield of 1.82, EXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.67% |
5.2 History
- On average, the dividend of EXR grows each year by 12.75%, which is quite nice.
- EXR has paid a dividend for at least 10 years, which is a reliable track record.
- EXR has not decreased their dividend for at least 10 years, which is a reliable track record.
Dividend Growth(5Y)12.75%
Div Incr Years0
Div Non Decr Years15
5.3 Sustainability
- EXR pays out 145.22% of its income as dividend. This is not a sustainable payout ratio.
- The dividend of EXR is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP145.22%
EPS Next 2Y6.26%
EPS Next 3Y5.65%
141.71
+3.59 (+2.6%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)10-29 2025-10-29/amc
Earnings (Next)02-19 2026-02-19/amc
Inst Owners99.18%
Inst Owner Change-3.49%
Ins Owners0.9%
Ins Owner Change-0.03%
Market Cap30.08B
Revenue(TTM)3.34B
Net Income(TTM)947.44M
Analysts69.6
Price Target154.8 (9.24%)
Short Float %2.46%
Short Ratio4.04
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.67% |
Yearly Dividend6.5
Dividend Growth(5Y)12.75%
DP145.22%
Div Incr Years0
Div Non Decr Years15
Ex-DateN/A
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)-0.67%
PT rev (3m)-3.64%
EPS NQ rev (1m)-0.43%
EPS NQ rev (3m)0.43%
EPS NY rev (1m)-2.26%
EPS NY rev (3m)-3.69%
Revenue NQ rev (1m)0.27%
Revenue NQ rev (3m)1.83%
Revenue NY rev (1m)0.23%
Revenue NY rev (3m)0.39%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 31.63 | ||
| Fwd PE | 28.85 | ||
| P/S | 9 | ||
| P/FCF | 35.22 | ||
| P/OCF | 15.91 | ||
| P/B | 2.21 | ||
| P/tB | 2.24 | ||
| EV/EBITDA | 19.27 |
EPS(TTM)4.48
EY3.16%
EPS(NY)4.91
Fwd EY3.47%
FCF(TTM)4.02
FCFY2.84%
OCF(TTM)8.91
OCFY6.29%
SpS15.75
BVpS64.16
TBVpS63.28
PEG (NY)3.62
PEG (5Y)4.99
Graham Number80.42
Profitability
| Industry Rank | Sector 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 Rank | Sector 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 | 1.31 |
F-Score6
WACC7.52%
ROIC/WACC0.55
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)8.47%
EPS 3Y-11.05%
EPS 5Y6.33%
EPS Q2Q%-14.29%
EPS Next Y8.74%
EPS Next 2Y6.26%
EPS Next 3Y5.65%
EPS Next 5Y6.17%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%
Revenue Next Year1.82%
Revenue Next 2Y3.31%
Revenue Next 3Y3.61%
Revenue Next 5Y3.05%
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 grow by 8.74% 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%.