EXTRA SPACE STORAGE INC (EXR) Fundamental Analysis & Valuation

NYSE:EXR • US30225T1025

Current stock price

130.26 USD
-5.73 (-4.21%)
At close:
130.26 USD
0 (0%)
After Hours:

This EXR fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

6

1. EXR Profitability Analysis

1.1 Basic Checks

  • In the past year EXR was profitable.
  • EXR had a positive operating cash flow in the past year.
  • In the past 5 years EXR has always been profitable.
  • Each year in the past 5 years EXR had a positive operating cash flow.
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 2025 0 500M -500M 1B 1.5B

1.2 Ratios

  • With a Return On Assets value of 3.32%, EXR perfoms like the industry average, outperforming 57.14% of the companies in the same 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 (4.18%) which is comparable to the rest of the industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for EXR is in line with the industry average of 5.05%.
  • 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 RankSector 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%
EXR Yearly ROA, ROE, ROICEXR Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5 10 15 20 25

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.
  • In the last couple of years the Profit Margin of EXR has declined.
  • With a decent Operating Margin value of 44.09%, EXR is doing good in the industry, outperforming 64.29% of the companies in the same industry.
  • In the last couple of years the Operating Margin of EXR has declined.
  • With a Gross Margin value of 70.78%, EXR perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • In the last couple of years the Gross Margin of EXR has remained more or less at the same level.
Industry RankSector 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%
EXR Yearly Profit, Operating, Gross MarginsEXR Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

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2

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.
  • The number of shares outstanding for EXR has been reduced compared to 1 year ago.
  • EXR has more shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, EXR has a worse debt to assets ratio.
EXR Yearly Shares OutstandingEXR Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 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 2025 5B 10B 15B 20B 25B

2.2 Solvency

  • Based on the Altman-Z score of 1.27, we must say that EXR is in the distress zone and has some risk of bankruptcy.
  • EXR has a better Altman-Z score (1.27) than 64.29% of its industry peers.
  • EXR has a debt to FCF ratio of 17.41. This is a negative value and a sign of low solvency as EXR would need 17.41 years to pay back of all of its debts.
  • With a Debt to FCF ratio value of 17.41, EXR perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
  • EXR has a Debt/Equity ratio of 0.98. This is a neutral value indicating EXR is somewhat dependend on debt financing.
  • The Debt to Equity ratio of EXR (0.98) is better than 60.71% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.98
Debt/FCF 17.41
Altman-Z 1.27
ROIC/WACC0.55
WACC7.55%
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 2025 0 5B 10B

2.3 Liquidity

  • A Current Ratio of 0.34 indicates that EXR may have some problems paying its short term obligations.
  • The Current ratio of EXR (0.34) is worse than 71.43% of its industry peers.
  • EXR has a Quick 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's Quick ratio of 0.34 is on the low side compared to the rest of the industry. EXR is outperformed by 71.43% of its industry peers.
Industry RankSector Rank
Current Ratio 0.34
Quick Ratio 0.34
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 2025 200M 400M 600M 800M 1B

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

5

3. EXR Growth Analysis

3.1 Past

  • EXR shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 5.75%.
  • The Earnings Per Share has been growing slightly by 4.45% on average over the past years.
  • The Revenue has been growing slightly by 3.70% in the past year.
  • EXR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.02% yearly.
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

  • The Earnings Per Share is expected to grow by 5.69% on average over the next years.
  • EXR is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 3.58% yearly.
EPS Next Y5.93%
EPS Next 2Y5.13%
EPS Next 3Y6.4%
EPS Next 5Y5.69%
Revenue Next Year6.68%
Revenue Next 2Y5.57%
Revenue Next 3Y3.21%
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.
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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3

4. EXR Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 28.32, the valuation of EXR can be described as expensive.
  • EXR's Price/Earnings ratio is a bit cheaper when compared to the industry. EXR is cheaper than 64.29% of the companies in the same industry.
  • EXR's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.23.
  • A Price/Forward Earnings ratio of 26.73 indicates a quite expensive valuation of EXR.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of EXR is on the same level as its industry peers.
  • EXR is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 23.28, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 28.32
Fwd PE 26.73
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 is on the same level as 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 36.2
EV/EBITDA 18.97
EXR Per share dataEXR EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 20 40 60

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)4.78
PEG (5Y)6.36
EPS Next 2Y5.13%
EPS Next 3Y6.4%

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

6

5. EXR Dividend Analysis

5.1 Amount

  • EXR has a Yearly Dividend Yield of 4.62%, which is a nice return.
  • Compared to an average industry Dividend Yield of 5.49, EXR has a dividend in line with its industry peers.
  • EXR's Dividend Yield is rather good when compared to the S&P500 average which is at 1.91.
Industry RankSector Rank
Dividend Yield 4.62%

5.2 History

  • The dividend of EXR is nicely growing with an annual growth rate of 12.62%!
  • 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)12.62%
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

  • EXR pays out 141.35% 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.
DP141.35%
EPS Next 2Y5.13%
EPS Next 3Y6.4%
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 2025 0 500M -500M 1B
EXR Dividend Payout.EXR Dividend Payout, showing the Payout Ratio.EXR Dividend Payout.PayoutRetained Earnings

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EXR Fundamentals: All Metrics, Ratios and Statistics

EXTRA SPACE STORAGE INC

NYSE:EXR (3/20/2026, 8:04:00 PM)

After market: 130.26 0 (0%)

130.26

-5.73 (-4.21%)

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 Owners103.22%
Inst Owner Change3.67%
Ins Owners0.91%
Ins Owner Change3.4%
Market Cap27.50B
Revenue(TTM)3.38B
Net Income(TTM)972.26M
Analysts67.5
Price Target153.66 (17.96%)
Short Float %2.38%
Short Ratio3.66
Dividend
Industry RankSector Rank
Dividend Yield 4.62%
Yearly Dividend6.5
Dividend Growth(5Y)12.62%
DP141.35%
Div Incr Years0
Div Non Decr Years15
Ex-Date03-16
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)-0.66%
PT rev (3m)-2.08%
EPS NQ rev (1m)-1.9%
EPS NQ rev (3m)-2.91%
EPS NY rev (1m)-0.12%
EPS NY rev (3m)-1.9%
Revenue NQ rev (1m)-0.7%
Revenue NQ rev (3m)0.85%
Revenue NY rev (1m)0.06%
Revenue NY rev (3m)0.69%
Valuation
Industry RankSector Rank
PE 28.32
Fwd PE 26.73
P/S 8.14
P/FCF 36.2
P/OCF 14.86
P/B 2.05
P/tB 2.08
EV/EBITDA 18.97
EPS(TTM)4.6
EY3.53%
EPS(NY)4.87
Fwd EY3.74%
FCF(TTM)3.6
FCFY2.76%
OCF(TTM)8.76
OCFY6.73%
SpS16
BVpS63.62
TBVpS62.76
PEG (NY)4.78
PEG (5Y)6.36
Graham Number81.15
Profitability
Industry RankSector 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 RankSector 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 1.27
F-Score6
WACC7.55%
ROIC/WACC0.55
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 Year6.68%
Revenue Next 2Y5.57%
Revenue Next 3Y3.21%
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.


What is the profitability of EXR stock?

EXTRA SPACE STORAGE INC (EXR) has a profitability rating of 6 / 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 5.93% 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 141.35%.