EXTRA SPACE STORAGE INC (EXR) Fundamental Analysis & Valuation
NYSE:EXR • US30225T1025
Current stock price
138.87 USD
-0.34 (-0.24%)
At close:
138.87 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.
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.
- EXR had positive earnings in each of the past 5 years.
- EXR had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
- The Return On Assets of EXR (3.32%) is comparable to the rest of the industry.
- The Return On Equity of EXR (7.24%) is better than 64.29% of its industry peers.
- Looking at the Return On Invested Capital, with a value of 4.18%, EXR is in line with its industry, outperforming 50.00% of the companies in the same industry.
- Measured over the past 3 years, the Average Return On Invested Capital 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 better Profit Margin (28.79%) than 64.29% of its industry peers.
- In the last couple of years the Profit Margin of EXR has declined.
- EXR's Operating Margin of 44.09% is fine compared to the rest of the industry. EXR outperforms 64.29% of its industry peers.
- In the last couple of years the Operating Margin of EXR has declined.
- 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.
- In the last couple of years the Gross Margin of EXR has remained more or less at the same level.
| 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
- EXR has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
- EXR has less shares outstanding than it did 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.
2.2 Solvency
- Based on the Altman-Z score of 1.30, we must say that EXR is in the distress zone and has some risk of bankruptcy.
- With a decent Altman-Z score value of 1.30, EXR is doing good in the industry, outperforming 60.71% of the companies in the same industry.
- 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.
- EXR has a Debt to FCF ratio of 17.41. This is comparable to the rest of the industry: EXR outperforms 50.00% of its industry peers.
- A Debt/Equity ratio of 0.98 indicates that EXR is somewhat dependend on debt financing.
- EXR has a Debt to Equity ratio (0.98) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.98 | ||
| Debt/FCF | 17.41 | ||
| Altman-Z | 1.3 |
ROIC/WACC0.54
WACC7.69%
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.
- Looking at the Current ratio, with a value of 0.34, EXR is doing worse than 71.43% of the companies in the same industry.
- 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 has a worse Quick ratio (0.34) 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.
- Measured over the past 5 years, EXR shows a small growth in Earnings Per Share. The EPS has been growing by 4.45% on average per year.
- The Revenue has been growing slightly by 3.70% in the past year.
- The Revenue has been growing by 20.02% on average over the past years. This is a very strong growth!
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
- EXR is expected to show a small growth in Earnings Per Share. In the coming years, the EPS will grow by 5.69% yearly.
- The Revenue is expected to grow by 3.58% on average over the next years.
EPS Next Y2.68%
EPS Next 2Y3.72%
EPS Next 3Y5.05%
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
- A Price/Earnings ratio of 30.19 indicates a quite expensive valuation of EXR.
- Based on the Price/Earnings ratio, EXR is valued a bit 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 26.78.
- EXR is valuated quite expensively with a Price/Forward Earnings ratio of 29.40.
- Based on the Price/Forward Earnings ratio, EXR is valued a bit cheaper than the industry average as 60.71% of the companies are valued more expensively.
- EXR is valuated rather expensively when we compare the Price/Forward Earnings ratio to 23.54, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.19 | ||
| Fwd PE | 29.4 |
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 | 38.6 | ||
| 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.
- EXR has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)11.25
PEG (5Y)6.78
EPS Next 2Y3.72%
EPS Next 3Y5.05%
5. EXR Dividend Analysis
5.1 Amount
- EXR has a Yearly Dividend Yield of 4.65%, which is a nice return.
- Compared to an average industry Dividend Yield of 4.35, EXR has a dividend in line with its industry peers.
- Compared to an average S&P500 Dividend Yield of 1.83, EXR pays a better dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
5.2 History
- On average, the dividend of EXR grows each year by 12.62%, 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)12.62%
Div Incr Years0
Div Non Decr Years16
5.3 Sustainability
- EXR pays out 141.35% of its income as dividend. This is not a sustainable payout ratio.
- EXR's earnings are growing slower than its dividend. This means the dividend growth is not sustainable.
DP141.35%
EPS Next 2Y3.72%
EPS Next 3Y5.05%
EXR Fundamentals: All Metrics, Ratios and Statistics
138.87
-0.34 (-0.24%)
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 Owners103.27%
Inst Owner Change0%
Ins Owners0.88%
Ins Owner Change3.4%
Market Cap29.33B
Revenue(TTM)3.38B
Net Income(TTM)972.26M
Analysts68.33
Price Target156.9 (12.98%)
Short Float %2.82%
Short Ratio4.34
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.65% |
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)2.11%
PT rev (3m)0.68%
EPS NQ rev (1m)-0.91%
EPS NQ rev (3m)-3.12%
EPS NY rev (1m)-3.06%
EPS NY rev (3m)-4.88%
Revenue NQ rev (1m)0.37%
Revenue NQ rev (3m)-0.36%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)0.69%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 30.19 | ||
| Fwd PE | 29.4 | ||
| P/S | 8.68 | ||
| P/FCF | 38.6 | ||
| P/OCF | 15.85 | ||
| P/B | 2.18 | ||
| P/tB | 2.21 | ||
| EV/EBITDA | 19.25 |
EPS(TTM)4.6
EY3.31%
EPS(NY)4.72
Fwd EY3.4%
FCF(TTM)3.6
FCFY2.59%
OCF(TTM)8.76
OCFY6.31%
SpS15.99
BVpS63.6
TBVpS62.74
PEG (NY)11.25
PEG (5Y)6.78
Graham Number81.14
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 | 1.3 |
F-Score6
WACC7.69%
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 Y2.68%
EPS Next 2Y3.72%
EPS Next 3Y5.05%
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 Year55.53%
EBIT Next 3Y17.65%
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%.