EXTRA SPACE STORAGE INC (EXR) Fundamental Analysis & Valuation
NYSE:EXR • US30225T1025
Current stock price
134.325 USD
+0.46 (+0.35%)
Last:
This EXR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.
1. EXR Profitability Analysis
1.1 Basic Checks
- EXR had positive earnings in the past year.
- In the past year EXR had a positive cash flow from operations.
- 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 has a Return On Assets (3.32%) which is comparable to the rest of the industry.
- Looking at the Return On Equity, with a value of 7.24%, EXR is in the better half of the industry, outperforming 64.29% of the companies in the same industry.
- EXR has a Return On Invested Capital of 4.18%. This is comparable to the rest of the industry: EXR outperforms 50.00% of its industry peers.
- The Average Return On Invested Capital over the past 3 years for EXR is in line with the industry average of 5.10%.
- The last Return On Invested Capital (4.18%) for EXR is above the 3 year average (3.93%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.32% | ||
| ROE | 7.24% | ||
| ROIC | 4.18% |
ROA(3y)3.07%
ROA(5y)4.83%
ROE(3y)6.31%
ROE(5y)14.36%
ROIC(3y)3.93%
ROIC(5y)5.06%
1.3 Margins
- EXR has a Profit Margin of 28.79%. This is in the better half of the industry: EXR outperforms 64.29% of its industry peers.
- EXR's Profit Margin has declined in the last couple of years.
- EXR has a Operating Margin of 44.09%. This is in the better half of the industry: EXR outperforms 64.29% of its industry peers.
- EXR's Operating Margin has declined in the last couple of years.
- EXR has a Gross Margin of 70.78%. 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 | 44.09% | ||
| PM (TTM) | 28.79% | ||
| GM | 70.78% |
OM growth 3Y-6.5%
OM growth 5Y-1.6%
PM growth 3Y-13.62%
PM growth 5Y-4.09%
GM growth 3Y-1.86%
GM growth 5Y-0.3%
2. EXR Health Analysis
2.1 Basic Checks
- With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), EXR is destroying value.
- EXR has less shares outstanding than it did 1 year ago.
- Compared to 5 years ago, EXR has more shares outstanding
- Compared to 1 year ago, EXR has a worse debt to assets ratio.
2.2 Solvency
- EXR has an Altman-Z score of 1.26. 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 (1.26) than 60.71% of its industry peers.
- The Debt to FCF ratio of EXR is 17.41, which is on the high side as it means it would take EXR, 17.41 years of fcf income to pay off all of its debts.
- EXR has a Debt to FCF ratio (17.41) which is in line with its industry peers.
- A Debt/Equity ratio of 0.98 indicates that EXR is somewhat dependend on debt financing.
- The Debt to Equity ratio of EXR (0.98) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.98 | ||
| Debt/FCF | 17.41 | ||
| Altman-Z | 1.26 |
ROIC/WACC0.54
WACC7.79%
2.3 Liquidity
- EXR has a Current Ratio of 0.34. 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 (0.34) than 71.43% of its industry peers.
- A Quick Ratio of 0.34 indicates that EXR may have some problems paying its short term obligations.
- The Quick ratio of EXR (0.34) is worse than 71.43% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.34 |
3. EXR Growth Analysis
3.1 Past
- The Earnings Per Share has been growing slightly by 5.75% over the past year.
- EXR shows a small growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 4.45% yearly.
- EXR shows a small growth in Revenue. In the last year, the Revenue has grown by 3.70%.
- Measured over the past years, EXR shows a very strong growth in Revenue. The Revenue has been growing by 20.02% on average per year.
EPS 1Y (TTM)5.75%
EPS 3Y-10.05%
EPS 5Y4.45%
EPS Q2Q%9.68%
Revenue 1Y (TTM)3.7%
Revenue growth 3Y20.63%
Revenue growth 5Y20.02%
Sales Q2Q%3.82%
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 5.69% on average per year.
- The Revenue is expected to grow by 3.58% on average over the next years.
EPS Next Y5.93%
EPS Next 2Y5.13%
EPS Next 3Y6.4%
EPS Next 5Y5.69%
Revenue Next Year6.65%
Revenue Next 2Y5.49%
Revenue Next 3Y4.36%
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 accelerating.
- The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. EXR Valuation Analysis
4.1 Price/Earnings Ratio
- With a Price/Earnings ratio of 29.20, EXR can be considered very expensive at the moment.
- Based on the Price/Earnings ratio, EXR is valued a bit cheaper than 60.71% of the companies in the same industry.
- When comparing the Price/Earnings ratio of EXR to the average of the S&P500 Index (26.17), we can say EXR is valued inline with the index average.
- The Price/Forward Earnings ratio is 27.57, which means the current valuation is very expensive for EXR.
- 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 23.05, EXR is valued at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.2 | ||
| Fwd PE | 27.57 |
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 is on the same level as the industry average.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37.33 | ||
| EV/EBITDA | 18.76 |
4.3 Compensation for Growth
- The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
- EXR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)4.93
PEG (5Y)6.56
EPS Next 2Y5.13%
EPS Next 3Y6.4%
5. EXR Dividend Analysis
5.1 Amount
- With a Yearly Dividend Yield of 5.02%, EXR is a good candidate for dividend investing.
- EXR's Dividend Yield is comparable with the industry average which is at 4.65.
- EXR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.89.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.02% |
5.2 History
- The dividend of EXR is nicely growing with an annual growth rate of 12.62%!
- 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)12.62%
Div Incr Years0
Div Non Decr Years16
5.3 Sustainability
- 141.35% of the earnings are spent on dividend by EXR. 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.
DP141.35%
EPS Next 2Y5.13%
EPS Next 3Y6.4%
EXR Fundamentals: All Metrics, Ratios and Statistics
NYSE:EXR (4/6/2026, 10:48:27 AM)
134.325
+0.46 (+0.35%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)02-19 2026-02-19/amc
Earnings (Next)04-28 2026-04-28/amc
Inst Owners103.22%
Inst Owner Change0%
Ins Owners0.91%
Ins Owner Change3.4%
Market Cap28.36B
Revenue(TTM)3.38B
Net Income(TTM)972.26M
Analysts68.33
Price Target157.26 (17.07%)
Short Float %2.82%
Short Ratio4.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 5.02% |
Yearly Dividend6.5
Dividend Growth(5Y)12.62%
DP141.35%
Div Incr Years0
Div Non Decr Years16
Ex-Date03-16 2026-03-16 (1.62)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-10.28%
Min EPS beat(2)-35.64%
Max EPS beat(2)15.09%
EPS beat(4)3
Avg EPS beat(4)1.03%
Min EPS beat(4)-35.64%
Max EPS beat(4)23.64%
EPS beat(8)6
Avg EPS beat(8)1.95%
EPS beat(12)8
Avg EPS beat(12)2.64%
EPS beat(16)12
Avg EPS beat(16)3.64%
Revenue beat(2)0
Avg Revenue beat(2)-6.67%
Min Revenue beat(2)-6.72%
Max Revenue beat(2)-6.61%
Revenue beat(4)0
Avg Revenue beat(4)-7.07%
Min Revenue beat(4)-8.65%
Max Revenue beat(4)-6.31%
Revenue beat(8)0
Avg Revenue beat(8)-6.72%
Revenue beat(12)1
Avg Revenue beat(12)-3.69%
Revenue beat(16)5
Avg Revenue beat(16)1.75%
PT rev (1m)2.34%
PT rev (3m)0.91%
EPS NQ rev (1m)-1.94%
EPS NQ rev (3m)-3.12%
EPS NY rev (1m)0%
EPS NY rev (3m)-1.88%
Revenue NQ rev (1m)0.36%
Revenue NQ rev (3m)-0.37%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 29.2 | ||
| Fwd PE | 27.57 | ||
| P/S | 8.4 | ||
| P/FCF | 37.33 | ||
| P/OCF | 15.33 | ||
| P/B | 2.11 | ||
| P/tB | 2.14 | ||
| EV/EBITDA | 18.76 |
EPS(TTM)4.6
EY3.42%
EPS(NY)4.87
Fwd EY3.63%
FCF(TTM)3.6
FCFY2.68%
OCF(TTM)8.76
OCFY6.52%
SpS16
BVpS63.62
TBVpS62.76
PEG (NY)4.93
PEG (5Y)6.56
Graham Number81.15
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 3.32% | ||
| ROE | 7.24% | ||
| ROCE | 5.29% | ||
| ROIC | 4.18% | ||
| ROICexc | 4.2% | ||
| ROICexgc | 4.23% | ||
| OM | 44.09% | ||
| PM (TTM) | 28.79% | ||
| GM | 70.78% | ||
| FCFM | 22.49% |
ROA(3y)3.07%
ROA(5y)4.83%
ROE(3y)6.31%
ROE(5y)14.36%
ROIC(3y)3.93%
ROIC(5y)5.06%
ROICexc(3y)3.95%
ROICexc(5y)5.09%
ROICexgc(3y)3.99%
ROICexgc(5y)5.18%
ROCE(3y)4.98%
ROCE(5y)6.4%
ROICexgc growth 3Y-16.44%
ROICexgc growth 5Y-6.25%
ROICexc growth 3Y-15.75%
ROICexc growth 5Y-6.11%
OM growth 3Y-6.5%
OM growth 5Y-1.6%
PM growth 3Y-13.62%
PM growth 5Y-4.09%
GM growth 3Y-1.86%
GM growth 5Y-0.3%
F-Score6
Asset Turnover0.12
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.98 | ||
| Debt/FCF | 17.41 | ||
| Debt/EBITDA | 6 | ||
| Cap/Depr | 152.47% | ||
| Cap/Sales | 32.28% | ||
| Interest Coverage | 2.64 | ||
| Cash Conversion | 83.94% | ||
| Profit Quality | 78.14% | ||
| Current Ratio | 0.34 | ||
| Quick Ratio | 0.34 | ||
| Altman-Z | 1.26 |
F-Score6
WACC7.79%
ROIC/WACC0.54
Cap/Depr(3y)113.64%
Cap/Depr(5y)270.58%
Cap/Sales(3y)24.63%
Cap/Sales(5y)45.48%
Profit Quality(3y)108.68%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)5.75%
EPS 3Y-10.05%
EPS 5Y4.45%
EPS Q2Q%9.68%
EPS Next Y5.93%
EPS Next 2Y5.13%
EPS Next 3Y6.4%
EPS Next 5Y5.69%
Revenue 1Y (TTM)3.7%
Revenue growth 3Y20.63%
Revenue growth 5Y20.02%
Sales Q2Q%3.82%
Revenue Next Year6.65%
Revenue Next 2Y5.49%
Revenue Next 3Y4.36%
Revenue Next 5Y3.58%
EBIT growth 1Y6.28%
EBIT growth 3Y12.79%
EBIT growth 5Y18.1%
EBIT Next Year55.66%
EBIT Next 3Y17.79%
EBIT Next 5Y13.42%
FCF growth 1Y-30.15%
FCF growth 3YN/A
FCF growth 5Y15.06%
OCF growth 1Y-1.97%
OCF growth 3Y14.33%
OCF growth 5Y19.13%
EXTRA SPACE STORAGE INC / EXR Fundamental Analysis 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 3 / 10 to EXTRA SPACE STORAGE INC (EXR). This can be considered as Overvalued.
How profitable is EXTRA SPACE STORAGE INC (EXR) stock?
EXTRA SPACE STORAGE INC (EXR) has a profitability rating of 6 / 10.
How financially healthy is EXTRA SPACE STORAGE INC?
The financial health rating of EXTRA SPACE STORAGE INC (EXR) is 2 / 10.
How sustainable is the dividend of EXTRA SPACE STORAGE INC (EXR) stock?
The dividend rating of EXTRA SPACE STORAGE INC (EXR) is 6 / 10 and the dividend payout ratio is 141.35%.