(EXR) Extra Space Storage - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US30225T1025

Storage, Units, Boat, Rv, Business

Self-Storage REITs
Market Cap in USD: 29,668m

IPO / Inception: 2004-08-12
12m vs SPY: -17.6%

EPS (Earnings per Share)

EPS CAGR: -49.97%
EPS Trend: -71.5%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 16.67%
Rev. Trend: 90.3%

Last SUE: 0.26
Qual. Beats: 0

Dividends

Dividend Yield	4.56%
Yield on Cost 5y	7.12%
Yield CAGR 5y	9.54%
Payout Consistency	96.7%
Payout Ratio	144.6%

Risk via 5d forecast
Volatility	26.8%
Value at Risk 5%th	41.7%
Relative Tail Risk	-5.62%

Reward TTM
Sharpe Ratio	-0.02
Alpha	-13.20
CAGR/Max DD	0.04

Character TTM
Hurst Exponent	0.527
Beta	0.548
Beta Downside	0.515

Drawdowns 3y
Max DD	37.00%
Mean DD	13.80%
Median DD	14.01%

Description: EXR Extra Space Storage December 17, 2025

Extra Space Storage Inc. (NYSE: EXR) is a self-administered REIT and S&P 500 constituent headquartered in Salt Lake City, Utah. As of September 30 2025 it owned or operated 4,238 self-storage facilities across 43 states and Washington, D.C., encompassing roughly 2.9 million units and 326.9 million rentable square feet under the Extra Space brand.

The company leads the U.S. self-storage market, offering a broad product mix that includes climate-controlled units, boat and RV storage, and dedicated business storage spaces, all positioned for high-visibility, secure access.

Key operational metrics from Q3 2025 show an occupancy rate of about 96 %, a same-store net operating income (NOI) increase of 5 % year-over-year, and an average rent of roughly $1.45 per square foot, reflecting strong pricing power amid limited housing inventory and continued consumer demand for extra space.

Financially, EXR maintains a moderate leverage profile with debt representing ~45 % of total assets and an interest-coverage ratio near 5.2×, suggesting sufficient buffer to absorb potential interest-rate headwinds.

Macro-level drivers such as low unemployment, constrained new-home construction, and inflation-linked consumer behavior continue to underpin demand for self-storage, positioning the sector for resilient cash-flow generation.

For a deeper dive into EXR’s valuation metrics and scenario analysis, you might find ValueRay’s platform useful.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (953.0m TTM) > 0 and > 6% of Revenue (6% = 198.0m TTM)

FCFTA 0.06 (>2.0%) and ΔFCFTA 0.21pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 13.86% (prev -0.11%; Δ 13.97pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.06 (>3.0%) and CFO 1.89b > Net Income 953.0m (YES >=105%, WARN >=100%)

Net Debt (13.55b) to EBITDA (2.77b) ratio: 4.90 <= 3.0 (WARN <= 3.5)

Current Ratio 1.31 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (211.9m) change vs 12m ago -3.80% (target <= -2.0% for YES)

Gross Margin 67.73% (prev 76.18%; Δ -8.45pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 11.52% (prev 11.80%; Δ -0.28pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 1.69 (EBITDA TTM 2.77b / Interest Expense TTM 1.21b) >= 6 (WARN >= 3)

Altman Z'' 0.35

(A) 0.02 = (Total Current Assets 1.95b - Total Current Liabilities 1.49b) / Total Assets 29.23b

(B) -0.04 = Retained Earnings (Balance) -1.25b / Total Assets 29.23b

(D) -0.08 = Book Value of Equity -1.25b / Total Liabilities 14.74b

Total Rating: 0.35 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 65.34

1. Piotroski 3.50pt

2. FCF Yield 4.36%

3. FCF Margin 57.15%

4. Debt/Equity 1.00

5. Debt/Ebitda 4.90

6. ROIC - WACC (= 3.10)%

7. RoE 6.90%

8. Rev. Trend 90.28%

9. EPS Trend -71.48%

What is the price of EXR shares?

As of January 13, 2026, the stock is trading at USD 140.37 with a total of 837,933 shares traded.
Over the past week, the price has changed by +7.07%, over one month by +5.65%, over three months by -2.03% and over the past year by -0.35%.

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.

Strong Buy: 4
Buy: 5
Hold: 11
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the EXR price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	153.3	9.2%
Analysts Target Price	153.3	9.2%
ValueRay Target Price	147.4	5%

EXR Fundamental Data Overview January 09, 2026

P/E Trailing = 30.2896
P/E Forward = 27.5482
P/S = 8.6699
P/B = 2.0867
P/EG = 3.4492
Beta = 1.273
Revenue TTM = 3.30b USD
EBIT TTM = 2.04b USD
EBITDA TTM = 2.77b USD
Long Term Debt = 11.96b USD (from longTermDebt, last quarter)
Short Term Debt = 942.0m USD (from shortTermDebt, last quarter)
Debt = 13.66b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 13.55b USD (from netDebt column, last quarter)
Enterprise Value = 43.22b USD (29.67b + Debt 13.66b - CCE 111.9m)
Interest Coverage Ratio = 1.69 (Ebit TTM 2.04b / Interest Expense TTM 1.21b)
EV/FCF = 22.92x (Enterprise Value 43.22b / FCF TTM 1.89b)
FCF Yield = 4.36% (FCF TTM 1.89b / Enterprise Value 43.22b)
FCF Margin = 57.15% (FCF TTM 1.89b / Revenue TTM 3.30b)
Net Margin = 28.88% (Net Income TTM 953.0m / Revenue TTM 3.30b)
Gross Margin = 67.73% ((Revenue TTM 3.30b - Cost of Revenue TTM 1.06b) / Revenue TTM)
Gross Margin QoQ = 39.54% (prev 70.94%)
Tobins Q-Ratio = 1.48 (Enterprise Value 43.22b / Total Assets 29.23b)
Interest Expense / Debt = 5.49% (Interest Expense 749.8m / Debt 13.66b)
Taxrate = -42.66% (negative due to tax credits) (-53.2m / 124.8m)
NOPAT = 2.91b (EBIT 2.04b * (1 - -42.66%)) [negative tax rate / tax credits]
Current Ratio = 1.31 (Total Current Assets 1.95b / Total Current Liabilities 1.49b)
Debt / Equity = 1.00 (Debt 13.66b / totalStockholderEquity, last quarter 13.62b)
Debt / EBITDA = 4.90 (Net Debt 13.55b / EBITDA 2.77b)
Debt / FCF = 7.18 (Net Debt 13.55b / FCF TTM 1.89b)
Total Stockholder Equity = 13.81b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.33% (Net Income 953.0m / Total Assets 29.23b)
RoE = 6.90% (Net Income TTM 953.0m / Total Stockholder Equity 13.81b)
RoCE = 7.92% (EBIT 2.04b / Capital Employed (Equity 13.81b + L.T.Debt 11.96b))
RoIC = 11.00% (NOPAT 2.91b / Invested Capital 26.48b)
WACC = 7.90% (E(29.67b)/V(43.33b) * Re(7.93%) + D(13.66b)/V(43.33b) * Rd(5.49%) * (1-Tc(-0.43)))
Discount Rate = 7.93% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -33.33 | Cagr: -1.85%
[DCF Debug] Terminal Value 81.17% ; FCFF base≈1.83b ; Y1≈2.19b ; Y5≈3.48b
Fair Price DCF = 220.1 (EV 60.27b - Net Debt 13.55b = Equity 46.72b / Shares 212.2m; r=7.90% [WACC]; 5y FCF grow 20.92% → 2.90% )
EPS Correlation: -71.48 | EPS CAGR: -49.97% | SUE: -4.0 | # QB: 0
Revenue Correlation: 90.28 | Revenue CAGR: 16.67% | SUE: 0.26 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.12 | Chg30d=-0.020 | Revisions Net=-2 | Analysts=3
EPS next Year (2026-12-31): EPS=4.80 | Chg30d=-0.066 | Revisions Net=-2 | Growth EPS=+6.3% | Growth Revenue=+2.3%

Additional Sources for EXR Stock

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