(EXR) Extra Space Storage - Overview

Sector: Real Estate | Industry: REIT - Industrial | Exchange: NYSE (USA) | Market Cap: 28.577m USD | Total Return: -5% in 12m

Stock Storage Units, Rental Space, Business Storage, Vehicle Storage
Total Rating 27
Risk 34
Buy Signal -0.05
REIT - Industrial -9.1
Self-Storage REITs -7.0
Market Cap: 28,577m
Avg Trading Vol: 150M USD
ATR: 2.88%
Peers RS (IBD): 35.4
Risk 5d forecast
Volatility27.1%
Rel. Tail Risk-4.99%
Reward TTM
Sharpe Ratio-0.32
Alpha-15.66
Character TTM
Beta0.408
Beta Downside0.358
Drawdowns 3y
Max DD35.97%
CAGR/Max DD-0.06
EPS (Earnings per Share) EPS (Earnings per Share) of EXR over the last years for every Quarter: "2021-03": 1.53, "2021-06": 1.25, "2021-09": 1.4, "2021-12": 2, "2022-03": 1.51, "2022-06": 1.64, "2022-09": 1.65, "2022-12": 1.52, "2023-03": 1.46, "2023-06": 1.5, "2023-09": 0.96, "2023-12": 1.02, "2024-03": 1.01, "2024-06": 1.19, "2024-09": 0.91, "2024-12": 1.24, "2025-03": 1.28, "2025-06": 1.18, "2025-09": 0.78, "2025-12": 1.36, "2026-03": 0,
EPS CAGR: -50.99%
EPS Trend: -63.9%
Last SUE: -4.00
Qual. Beats: 0
Revenue Revenue of EXR over the last years for every Quarter: 2021-03: 365.813, 2021-06: 386.952, 2021-09: 420.747, 2021-12: 436.208, 2022-03: 452.659, 2022-06: 485.178, 2022-09: 510.051, 2022-12: 517.71, 2023-03: 513.355, 2023-06: 524.64, 2023-09: 763.077, 2023-12: 814.007, 2024-03: 814.546, 2024-06: 827.918, 2024-09: 854.78, 2024-12: 840.66, 2025-03: 839.928, 2025-06: 841.618, 2025-09: 777.563, 2025-12: 918.433, 2026-03: null,
Rev. CAGR: 20.76%
Rev. Trend: 89.0%
Last SUE: 2.94
Qual. Beats: 1
Description: EXR Extra Space Storage

Extra Space Storage Inc. (EXR) is a self-administered and self-managed Real Estate Investment Trust (REIT) operating in the self-storage sector. REITs are companies that own, operate, or finance income-producing real estate.

The company is headquartered in Salt Lake City, Utah, and is the largest operator of self-storage properties in the United States. Self-storage facilities offer rentable space to individuals and businesses for storing goods.

As of September 30, 2025, EXR owned or operated 4,238 self-storage locations across 43 states and Washington, D.C. These facilities encompass approximately 2.9 million storage units and 326.9 million square feet of rentable space.

EXR provides a variety of storage options, including units for boats, RVs, and businesses. Considering these operational details can help inform further research on ValueRay.

Headlines to Watch Out For
  • Occupancy rates directly impact rental income
  • Rental rate growth drives revenue expansion
  • Interest rate hikes increase borrowing costs
  • Real estate market conditions affect property values
  • Acquisition strategy fuels portfolio growth
Piotroski VR‑10 (Strict) 3.5
Net Income: 974.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.04 > 1.0
NWC/Revenue: 11.68% < 20% (prev -3.67%; Δ 15.34% < -1%)
CFO/TA 0.06 > 3% & CFO 1.85b > Net Income 974.0m
Net Debt (14.83b) to EBITDA (3.19b): 4.65 < 3
Current Ratio: 1.28 > 1.5 & < 3
Outstanding Shares: last quarter (221.1m) vs 12m ago 4.40% < -2%
Gross Margin: 28.43% > 18% (prev 0.77%; Δ 2.77k% > 0.5%)
Asset Turnover: 11.62% > 50% (prev 11.57%; Δ 0.05% > 0%)
Interest Coverage Ratio: 1.67 > 6 (EBITDA TTM 3.19b / Interest Expense TTM 1.49b)
Altman Z'' 0.40
A: 0.01 (Total Current Assets 1.79b - Total Current Liabilities 1.39b) / Total Assets 29.26b
B: -0.05 (Retained Earnings -1.45b / Total Assets 29.26b)
C: 0.09 (EBIT TTM 2.48b / Avg Total Assets 29.06b)
D: -0.10 (Book Value of Equity -1.45b / Total Liabilities 14.94b)
Altman-Z'' Score: 0.40 = B
Beneish M -1.36
DSRI: 1.18 (Receivables 1.65b/1.38b, Revenue 3.38b/3.34b)
GMI: 2.70 (GM 28.43% / 76.81%)
AQI: 0.99 (AQ_t 0.91 / AQ_t-1 0.92)
SGI: 1.01 (Revenue 3.38b / 3.34b)
TATA: -0.03 (NI 974.0m - CFO 1.85b) / TA 29.26b)
Beneish M-Score: -1.36 (Cap -4..+1) = D
What is the price of EXR shares? As of April 03, 2026, the stock is trading at USD 131.13 with a total of 942,513 shares traded.
Over the past week, the price has changed by +2.58%, over one month by -11.29%, over three months by +3.39% and over the past year by -4.99%.
Is EXR a buy, sell or hold? Extra Space Storage has received a consensus analysts rating of 3.65. Therefor, it is recommend to hold EXR.
  • StrongBuy: 4
  • Buy: 5
  • Hold: 11
  • Sell: 0
  • StrongSell: 0
What are the forecasts/targets for the EXR price?
Wallstreet Target Price 152.9 16.6%
Analysts Target Price 152.9 16.6%
EXR Fundamental Data Overview as of 30 March 2026
P/E Trailing = 28.0959
P/E Forward = 29.4985
P/S = 8.2919
P/B = 2.0269
P/EG = 5.568
Revenue TTM = 3.38b USD
EBIT TTM = 2.48b USD
EBITDA TTM = 3.19b USD
Long Term Debt = 12.01b USD (from longTermDebt, last quarter)
Short Term Debt = 1.39b USD (from shortTermDebt, last quarter)
Debt = 14.97b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 14.83b USD (from netDebt column, last quarter)
Enterprise Value = 43.41b USD (28.58b + Debt 14.97b - CCE 138.9m)
Interest Coverage Ratio = 1.67 (Ebit TTM 2.48b / Interest Expense TTM 1.49b)
EV/FCF = 23.53x (Enterprise Value 43.41b / FCF TTM 1.84b)
FCF Yield = 4.25% (FCF TTM 1.84b / Enterprise Value 43.41b)
FCF Margin = 54.62% (FCF TTM 1.84b / Revenue TTM 3.38b)
Net Margin = 28.84% (Net Income TTM 974.0m / Revenue TTM 3.38b)
Gross Margin = 28.43% ((Revenue TTM 3.38b - Cost of Revenue TTM 2.42b) / Revenue TTM)
Gross Margin QoQ = -60.83% (prev 39.54%)
Tobins Q-Ratio = 1.48 (Enterprise Value 43.41b / Total Assets 29.26b)
Interest Expense / Debt = 2.85% (Interest Expense 426.3m / Debt 14.97b)
Taxrate = 19.98% (74.2m / 371.1m)
NOPAT = 1.98b (EBIT 2.48b * (1 - 19.98%))
Current Ratio = 1.28 (Total Current Assets 1.79b / Total Current Liabilities 1.39b)
Debt / Equity = 1.11 (Debt 14.97b / totalStockholderEquity, last quarter 13.43b)
Debt / EBITDA = 4.65 (Net Debt 14.83b / EBITDA 3.19b)
Debt / FCF = 8.04 (Net Debt 14.83b / FCF TTM 1.84b)
Total Stockholder Equity = 13.68b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.35% (Net Income 974.0m / Total Assets 29.26b)
RoE = 7.12% (Net Income TTM 974.0m / Total Stockholder Equity 13.68b)
RoCE = 9.64% (EBIT 2.48b / Capital Employed (Equity 13.68b + L.T.Debt 12.01b))
RoIC = 7.46% (NOPAT 1.98b / Invested Capital 26.58b)
WACC = 5.65% (E(28.58b)/V(43.55b) * Re(7.42%) + D(14.97b)/V(43.55b) * Rd(2.85%) * (1-Tc(0.20)))
Discount Rate = 7.42% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.92%
Shares Correlation 3-Years: 33.33 | Cagr: 0.25%
[DCF] Terminal Value 87.54% ; FCFF base≈1.84b ; Y1≈2.10b ; Y5≈2.89b
[DCF] Fair Price = 330.9 (EV 84.70b - Net Debt 14.83b = Equity 69.86b / Shares 211.1m; r=6.0% [WACC]; 5y FCF grow 16.32% → 3.0% )
EPS Correlation: -63.91 | EPS CAGR: -50.99% | SUE: -4.0 | # QB: 0
Revenue Correlation: 88.99 | Revenue CAGR: 20.76% | SUE: 2.94 | # QB: 1
EPS next Quarter (2026-06-30): EPS=1.16 | Chg7d=+0.002 | Chg30d=-0.014 | Revisions Net=-1 | Analysts=3
EPS current Year (2026-12-31): EPS=4.58 | Chg7d=-0.169 | Chg30d=-0.208 | Revisions Net=-1 | Growth EPS=-0.2% | Growth Revenue=+2.3%
EPS next Year (2027-12-31): EPS=4.82 | Chg7d=-0.085 | Chg30d=-0.107 | Revisions Net=-1 | Growth EPS=+5.3% | Growth Revenue=+2.9%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 4.4% (Discount Rate 7.9% - Earnings Yield 3.6%)
[Growth] Growth Spread = -2.0% (Analyst 2.4% - Implied 4.4%)
External Resources
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