EXTRA SPACE STORAGE INC (EXR) Stock Fundamental Analysis
USA - New York Stock Exchange - NYSE:EXR - US30225T1025 - REIT
148.87 USD
+1.74 (+1.18%)
148.87 USD
0 (0%)
Overall EXR gets a fundamental rating of 3 out of 10. We evaluated EXR 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.
- In the past year EXR had a positive cash flow from operations.
- 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 (3.24%) is better than 66.67% of its industry peers.
- EXR has a Return On Equity (6.96%) which is in line with its industry peers.
- EXR has a Return On Invested Capital (4.10%) which is comparable to the rest of the 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
- With a decent Profit Margin value of 28.35%, EXR is doing good in the industry, outperforming 70.00% of the companies in the same industry.
- In the last couple of years the Profit Margin of EXR has declined.
- 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.
- In the last couple of years the Operating Margin of EXR has declined.
- EXR has a Gross Margin (70.74%) which is in line with its industry peers.
- 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.
- The number of shares outstanding for EXR has been increased compared to 1 year ago.
- EXR has more shares outstanding than it did 5 years ago.
- The debt/assets ratio for EXR is higher compared to a year ago.
2.2 Solvency
- EXR has an Altman-Z score of 1.38. This is a bad value and indicates that EXR is not financially healthy and even has some risk of bankruptcy.
- Looking at the Altman-Z score, with a value of 1.38, EXR is in the better half of the industry, outperforming 70.00% of the companies in the same industry.
- 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.
- The Debt to FCF ratio of EXR (15.11) is comparable to the rest of the industry.
- A Debt/Equity ratio of 0.95 indicates that EXR is somewhat dependend on debt financing.
- EXR has a Debt to Equity ratio (0.95) which is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.95 | ||
| Debt/FCF | 15.11 | ||
| Altman-Z | 1.38 |
ROIC/WACC0.53
WACC7.71%
2.3 Liquidity
- A Current Ratio of 0.32 indicates that EXR may have some problems paying its short term obligations.
- EXR has a Current ratio of 0.32. This is in the lower half of the industry: EXR underperforms 76.67% 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.
- 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.
- Looking at the last year, EXR shows a small growth in Revenue. The Revenue has grown by 3.38% in the last 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
- The Earnings Per Share is expected to grow by 6.17% on average over the next years.
- Based on estimates for the next years, EXR will show a small growth in Revenue. The Revenue will grow by 3.05% on average per year.
EPS Next Y11.25%
EPS Next 2Y6.84%
EPS Next 3Y6.16%
EPS Next 5Y6.17%
Revenue Next Year1.59%
Revenue Next 2Y2.97%
Revenue Next 3Y3.85%
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
- A Price/Earnings ratio of 33.23 indicates a quite expensive valuation of 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 rather expensively when we compare the Price/Earnings ratio to 27.47, which is the current average of the S&P500 Index.
- With a Price/Forward Earnings ratio of 29.98, EXR can be considered very expensive at the moment.
- EXR's Price/Forward Earnings ratio is in line with the industry average.
- Compared to an average S&P500 Price/Forward Earnings ratio of 24.26, EXR is valued a bit more expensive.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.23 | ||
| Fwd PE | 29.98 |
4.2 Price Multiples
- The rest of the industry has a similar Enterprise Value to EBITDA ratio as EXR.
- 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 Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 37 | ||
| EV/EBITDA | 20.14 |
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)2.95
PEG (5Y)5.25
EPS Next 2Y6.84%
EPS Next 3Y6.16%
5. Dividend
5.1 Amount
- EXR has a Yearly Dividend Yield of 4.75%, which is a nice return.
- Compared to an average industry Dividend Yield of 5.69, EXR is paying slightly less dividend.
- 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 | 4.75% |
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 2Y6.84%
EPS Next 3Y6.16%
148.87
+1.74 (+1.18%)
Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)10-29 2025-10-29/amc
Earnings (Next)02-23 2026-02-23/amc
Inst Owners99.18%
Inst Owner Change0.05%
Ins Owners0.9%
Ins Owner Change-0.03%
Market Cap31.60B
Revenue(TTM)3.34B
Net Income(TTM)947.44M
Analysts69.6
Price Target155.85 (4.69%)
Short Float %2.76%
Short Ratio4.83
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 4.75% |
Yearly Dividend6.5
Dividend Growth(5Y)12.75%
DP145.22%
Div Incr Years0
Div Non Decr Years15
Ex-DateN/A
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)-0.68%
PT rev (3m)-3.13%
EPS NQ rev (1m)-0.42%
EPS NQ rev (3m)1.51%
EPS NY rev (1m)0%
EPS NY rev (3m)-0.49%
Revenue NQ rev (1m)1.36%
Revenue NQ rev (3m)1.3%
Revenue NY rev (1m)0.07%
Revenue NY rev (3m)-0.49%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 33.23 | ||
| Fwd PE | 29.98 | ||
| P/S | 9.45 | ||
| P/FCF | 37 | ||
| P/OCF | 16.71 | ||
| P/B | 2.32 | ||
| P/tB | 2.35 | ||
| EV/EBITDA | 20.14 |
EPS(TTM)4.48
EY3.01%
EPS(NY)4.97
Fwd EY3.34%
FCF(TTM)4.02
FCFY2.7%
OCF(TTM)8.91
OCFY5.98%
SpS15.75
BVpS64.16
TBVpS63.28
PEG (NY)2.95
PEG (5Y)5.25
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 | 1.38 |
F-Score6
WACC7.71%
ROIC/WACC0.53
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 2Y6.84%
EPS Next 3Y6.16%
EPS Next 5Y6.17%
Revenue 1Y (TTM)3.38%
Revenue growth 3Y27.34%
Revenue growth 5Y20.01%
Sales Q2Q%3.48%
Revenue Next Year1.59%
Revenue Next 2Y2.97%
Revenue Next 3Y3.85%
Revenue Next 5Y3.05%
EBIT growth 1Y3.53%
EBIT growth 3Y18.82%
EBIT growth 5Y17.19%
EBIT Next Year48.84%
EBIT Next 3Y16.91%
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 3 / 10 to EXR.
What is the valuation status of EXTRA SPACE STORAGE INC (EXR) stock?
ChartMill assigns a valuation rating of 1 / 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 11.25% 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%.