EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA • New York Stock Exchange • NYSE:EXR • US30225T1025
135.2 USD
-2.77 (-2.01%)
At close: Feb 2, 2026
135.2 USD
0 (0%)
After Hours: 2/2/2026, 7:00:00 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. There are concerns on the financial health of EXR while its profitability can be described as average. EXR is valied quite expensively at the moment, while 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 has a Return On Equity (6.96%) which is in line with its industry peers.
- With a Return On Invested Capital value of 4.10%, EXR perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
- 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 4.86%.
| 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.
- Looking at the Gross Margin, with a value of 70.74%, EXR is in line with its industry, outperforming 50.00% of the companies in the same 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
- 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.
- Compared to 5 years ago, EXR has more shares outstanding
- EXR has a worse debt/assets ratio than last year.
2.2 Solvency
- Based on the Altman-Z score of 1.31, we must say that EXR is in the distress zone and has some risk of bankruptcy.
- EXR's Altman-Z score of 1.31 is fine compared to the rest of the industry. EXR outperforms 63.33% of its industry peers.
- EXR has a debt to FCF ratio of 15.11. This is a negative value and a sign of low solvency as EXR would need 15.11 years to pay back of all of its debts.
- Looking at the Debt to FCF ratio, with a value of 15.11, EXR is in line with its industry, outperforming 53.33% of the companies in the same industry.
- A Debt/Equity ratio of 0.95 indicates that EXR is somewhat dependend on debt financing.
- Looking at the Debt to Equity ratio, with a value of 0.95, EXR is in line with its industry, outperforming 60.00% of the companies in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 15.11 | ||
| Altman-Z | 1.31 |
ROIC/WACC0.53
WACC7.73%
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.
- Looking at the Current ratio, with a value of 0.32, EXR is doing worse than 76.67% of the companies in the same industry.
- 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.
- EXR has a Quick ratio of 0.32. This is in the lower half of the industry: EXR underperforms 76.67% of its industry peers.
| 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.
- Measured over the past 5 years, EXR shows a small growth in Earnings Per Share. The EPS has been growing by 6.33% on average per year.
- The Revenue has been growing slightly by 3.38% in the past year.
- EXR shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 20.01% yearly.
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
- Based on estimates for the next years, EXR will show a small growth in Earnings Per Share. The EPS will grow by 6.17% on average per year.
- The Revenue is expected to grow by 3.05% on average over the next years.
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
- When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
- 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
- The Price/Earnings ratio is 30.18, which means the current valuation is very expensive for EXR.
- Compared to the rest of the industry, the Price/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/Earnings ratio to 28.41, which is the current average of the S&P500 Index.
- The Price/Forward Earnings ratio is 27.52, which means the current valuation is very expensive for EXR.
- The rest of the industry has a similar Price/Forward Earnings ratio as EXR.
- EXR's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 25.64.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.18 | ||
| Fwd PE | 27.52 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as EXR.
- The rest of the industry has a similar Price/Free Cash Flow ratio as EXR.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 33.6 | ||
| EV/EBITDA | 19.25 |
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)3.45
PEG (5Y)4.77
EPS Next 2Y6.26%
EPS Next 3Y5.65%
5. Dividend
5.1 Amount
- With a Yearly Dividend Yield of 4.67%, EXR is a good candidate for dividend investing.
- EXR's Dividend Yield is slightly below the industry average, which is at 5.52.
- Compared to an average S&P500 Dividend Yield of 1.83, 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
- 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 2Y6.26%
EPS Next 3Y5.65%
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%.