EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:EXR - US30225T1025 - REIT
127.03 USD
+0.34 (+0.27%)
EXR gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 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. EXR is quite expensive at the moment. It does show a decent growth rate.
1. Profitability
1.1 Basic Checks
In the past year EXR was profitable.
EXR had a positive operating cash flow in the past year.
Each year in the past 5 years EXR has been profitable.
In the past 5 years EXR always reported a positive cash flow from operatings.
1.2 Ratios
With a decent Return On Assets value of 3.24%, EXR is doing good in the industry, outperforming 66.67% of the companies in the same industry.
EXR's Return On Equity of 6.96% is in line compared to the rest of the industry. EXR outperforms 60.00% of its industry peers.
EXR has a Return On Invested Capital (4.10%) which is in line with its industry peers.
EXR had an Average Return On Invested Capital over the past 3 years of 4.86%. This is in line with the industry average of 4.78%.
| 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
The Profit Margin of EXR (28.35%) is better than 70.00% of its industry peers.
EXR's Profit Margin has declined in the last couple of years.
Looking at the Operating Margin, with a value of 43.52%, EXR is in the better half of 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 (70.74%) which is comparable to the rest of the industry.
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
With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EXR is destroying value.
Compared to 1 year ago, EXR has more shares outstanding
EXR has more shares outstanding than it did 5 years ago.
Compared to 1 year ago, EXR has a worse debt to assets ratio.
2.2 Solvency
Based on the Altman-Z score of 1.22, we must say that EXR is in the distress zone and has some risk of bankruptcy.
EXR has a better Altman-Z score (1.22) than 63.33% 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 (15.11) which is in line with its industry peers.
A Debt/Equity ratio of 0.95 indicates that EXR is somewhat dependend on debt financing.
EXR has a Debt to Equity ratio of 0.95. This is comparable to the rest of the industry: EXR outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 15.11 | ||
| Altman-Z | 1.22 |
ROIC/WACC0.55
WACC7.46%
2.3 Liquidity
A Current Ratio of 0.32 indicates that EXR may have some problems paying its short term obligations.
EXR's Current ratio of 0.32 is on the low side compared to the rest of the industry. EXR is outperformed by 80.00% of its industry peers.
EXR has a Quick 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.
Looking at the Quick ratio, with a value of 0.32, EXR is doing worse than 80.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.32 | ||
| Quick Ratio | 0.32 |
3. Growth
3.1 Past
The Earnings Per Share has grown by an nice 8.47% over the past year.
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 6.68% yearly.
Based on estimates for the next years, EXR will show a small growth in Revenue. The Revenue will grow by 3.58% on average per year.
EPS Next Y11.25%
EPS Next 2Y6.86%
EPS Next 3Y6.17%
EPS Next 5Y6.68%
Revenue Next Year1.52%
Revenue Next 2Y2.99%
Revenue Next 3Y3.84%
Revenue Next 5Y3.58%
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
Based on the Price/Earnings ratio of 28.35, the valuation of EXR can be described as expensive.
Based on the Price/Earnings ratio, EXR is valued a bit cheaper than the industry average as 70.00% of the companies are valued more expensively.
When comparing the Price/Earnings ratio of EXR to the average of the S&P500 Index (26.29), we can say EXR is valued inline with the index average.
A Price/Forward Earnings ratio of 25.58 indicates a quite expensive valuation of EXR.
Based on the Price/Forward Earnings ratio, EXR is valued a bit cheaper than 63.33% of the companies in the same industry.
EXR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.51, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.35 | ||
| Fwd PE | 25.58 |
4.2 Price Multiples
EXR's Enterprise Value to EBITDA is on the same level as the industry average.
EXR's Price/Free Cash Flow ratio is in line with the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 31.57 | ||
| EV/EBITDA | 18.16 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates EXR does not grow enough to justify the current Price/Earnings ratio.
PEG (NY)2.52
PEG (5Y)4.48
EPS Next 2Y6.86%
EPS Next 3Y6.17%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 4.94%, EXR is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 6.05, EXR has a dividend in line with its industry peers.
Compared to an average S&P500 Dividend Yield of 2.31, EXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
5.2 History
On average, the dividend of EXR grows each year by 12.75%, which is quite nice.
EXR has been paying a dividend for at least 10 years, so it has 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
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 2Y6.86%
EPS Next 3Y6.17%
NYSE:EXR (12/10/2025, 9:33:05 AM)
127.03
+0.34 (+0.27%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)
Earnings (Next)
Inst Owners99.25%
Inst Owner Change0.07%
Ins Owners0.9%
Ins Owner Change-0.04%
Market Cap26.96B
Revenue(TTM)3.34B
Net Income(TTM)947.44M
Analysts69.6
Price Target156.92 (23.53%)
Short Float %2.25%
Short Ratio4.38
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.94% |
Yearly Dividend6.5
Dividend Growth(5Y)12.75%
DP145.22%
Div Incr Years0
Div Non Decr Years15
Ex-Date
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)-2.32%
PT rev (3m)-2.73%
EPS NQ rev (1m)1.5%
EPS NQ rev (3m)3.96%
EPS NY rev (1m)-1.24%
EPS NY rev (3m)-7.28%
Revenue NQ rev (1m)0.06%
Revenue NQ rev (3m)0.11%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-0.87%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 28.35 | ||
| Fwd PE | 25.58 | ||
| P/S | 8.07 | ||
| P/FCF | 31.57 | ||
| P/OCF | 14.26 | ||
| P/B | 1.98 | ||
| P/tB | 2.01 | ||
| EV/EBITDA | 18.16 |
EPS(TTM)4.48
EY3.53%
EPS(NY)4.97
Fwd EY3.91%
FCF(TTM)4.02
FCFY3.17%
OCF(TTM)8.91
OCFY7.01%
SpS15.75
BVpS64.16
TBVpS63.28
PEG (NY)2.52
PEG (5Y)4.48
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 | 1.22 |
F-Score6
WACC7.46%
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 Y11.25%
EPS Next 2Y6.86%
EPS Next 3Y6.17%
EPS Next 5Y6.68%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%
Revenue Next Year1.52%
Revenue Next 2Y2.99%
Revenue Next 3Y3.84%
Revenue Next 5Y3.58%
EBIT growth 1Y3.53%
EBIT growth 3Y18.82%
EBIT growth 5Y17.19%
EBIT Next Year49.78%
EBIT Next 3Y16.7%
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.
Can you provide the valuation status for EXTRA SPACE STORAGE INC?
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 are the PE and PB ratios of EXTRA SPACE STORAGE INC (EXR) stock?
The Price/Earnings (PE) ratio for EXTRA SPACE STORAGE INC (EXR) is 28.35 and the Price/Book (PB) ratio is 1.98.
Can you provide the financial health for EXR stock?
The financial health rating of EXTRA SPACE STORAGE INC (EXR) is 1 / 10.