EXR Stock Analysis: Extra Space Storage | NYSE
REIT - Industrial | NYSE, USA | Market Cap: 32.958m USD | 12M Return: 1.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 168M
EPS Trend: -58.7%
Qual. Beats: 0
Rev. Trend: 84.3%
Qual. Beats: 0
Warnings
No concerns identified
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Extra Space Storage Inc. (NYSE: EXR) is a large-cap, S&P 500 self-administered and self-managed real estate investment trust (REIT) headquartered in Salt Lake City, Utah. Incorporated in Maryland in 1977 and listed on the NYSE in August 2004, it is the largest operator of self-storage properties in the United States, with stores spanning 42 states and Washington, D.C. The company offers a range of storage solutions under the Extra Space brand, including standard self-storage units, boat storage, RV storage, and business storage.
Self-storage REITs generate revenue primarily by leasing individual storage units to residential and commercial customers, typically on a month-to-month basis. The industry is generally characterized by fragmented local competition, high operating margins relative to other REIT sub-sectors, and sensitivity to local housing market dynamics such as moving activity and home sales.
- Same-store revenue growth decelerates as occupancy softens
- Acquisition pipeline drives external growth in fragmented self-storage market
- Interest rate cuts pressure self-storage REIT valuation multiples
| Net Income: 944.1m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA -0.47 > 1.0 |
| NWC/Revenue: -6.95% < 20% (prev 9.69%; Δ -16.64% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.86b > Net Income 944.1m |
| Net Debt (14.6b) to EBITDA (3.25b): 4.49 < 3 |
| Current Ratio: 0.37 > 1.5 & < 3 |
| Outstanding Shares: last quarter (220.3m) vs 12m ago 3.90% < -2% |
| Gross Margin: 27.87% > 18% (prev 76.41%; Δ -48.55% > 0.5%) |
| Asset Turnover: 11.68% > 50% (prev 11.60%; Δ 0.08% > 0%) |
| Interest Coverage Ratio: 1.69 > 6 (EBIT TTM 2.53b / Interest Expense TTM 1.49b) |
| A: -0.01 (Total Current Assets 139.0m - Total Current Liabilities 374.8m) / Total Assets 29.1b |
| B: -0.05 (Retained Earnings -1.55b / Total Assets 29.1b) |
| C: 0.09 (EBIT TTM 2.53b / Avg Total Assets 29.0b) |
| D: 0.90 (Book Value of Equity 13.3b / Total Liabilities 14.9b) |
| Altman-Z'' = 1.30 = BB |
| DSRI: 0.10 (Receivables 115.4m/1.49b, Revenue 3.39b/3.36b) |
| GMI: 2.74 (GM 76.41% / 27.87%) |
| AQI: 0.15 (AQ_t 0.14 / AQ_t-1 0.91) |
| SGI: 1.01 (Revenue 3.39b / 3.36b) |
| TATA: -0.03 (NI 944.1m - CFO 1.86b) / TA 29.1b) |
| Beneish M = -2.69 (Cap -4..+1) = A |
As of July 12, 2026, the stock is trading at USD 143.96 with a total of 588,390 shares traded. Over the past week, the price has changed by -3.60%, over one month by -2.72%, over three months by +4.79% and over the past year by +1.24%.
Current recommended Stop Loss: 139.50 (which is 3.1% or 1.4 ATR below the current price).
Extra Space Storage has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold EXR.
- StrongBuy: 6
- Buy: 3
- Hold: 11
- Sell: 1
- StrongSell: 0
| Analysts Target Price | 156.5 | 8.7% |
P/E Trailing = 33.5596
P/E Forward = 34.1297
P/S = 9.4751
P/B = 2.3664
P/EG = 6.4479
Revenue TTM = 3.39b USD
EBIT TTM = 2.53b USD
EBITDA TTM = 3.25b USD
Long Term Debt = 12.0b USD (from longTermDebt, last quarter)
Short Term Debt = 1.15b USD (from shortLongTermDebt, last quarter)
Debt = 14.7b USD (from shortLongTermDebtTotal, last quarter) + Leases 769.7m
Net Debt = 14.6b USD (calculated: Debt 14.7b - CCE 139.0m)
Enterprise Value = 47.5b USD (33.0b + Debt 14.7b - CCE 139.0m)
Interest Coverage Ratio = 1.69 (Ebit TTM 2.53b / Interest Expense TTM 1.49b)
EV/FCF = 27.10x (Enterprise Value 47.5b / FCF TTM 1.75b)
FCF Yield = 3.69% (FCF TTM 1.75b / Enterprise Value 47.5b)
FCF Margin = 51.68% (FCF TTM 1.75b / Revenue TTM 3.39b)
Net Margin = 27.82% (Net Income TTM 944.1m / Revenue TTM 3.39b)
Gross Margin = 27.87% ((Revenue TTM 3.39b - Cost of Revenue TTM 2.45b) / Revenue TTM)
Gross Margin QoQ = 70.07% (prev -60.83%)
Tobins Q-Ratio = 1.63 (Enterprise Value 47.5b / Total Assets 29.1b)
Interest Expense / Debt = 10.16% (Interest Expense 1.49b / Debt 14.7b)
Taxrate = 4.20% (43.4m / 1.03b)
NOPAT = 2.42b (EBIT 2.53b * (1 - 4.20%))
Current Ratio = 0.37 (Total Current Assets 139.0m / Total Current Liabilities 374.8m)
Debt / Equity = 1.10 (Debt 14.7b / totalStockholderEquity, last quarter 13.3b)
Debt / EBITDA = 4.49 (Net Debt 14.6b / EBITDA 3.25b)
Debt / FCF = 8.31 (Net Debt 14.6b / FCF TTM 1.75b)
Total Stockholder Equity = 13.5b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.25% (Net Income 944.1m / Total Assets 29.1b)
RoE = 6.97% (Net Income TTM 944.1m / Total Stockholder Equity 13.5b)
RoCE = 9.89% (EBIT 2.53b / Capital Employed (Equity 13.5b + L.T.Debt 12.0b))
RoIC = 8.08% (NOPAT 2.42b / Invested Capital 30.0b)
WACC = 7.81% (E(33.0b)/V(47.7b) * Re(6.95%) + D(14.7b)/V(47.7b) * Rd(10.16%) * (1-Tc(0.04)))
Discount Rate = 6.95% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 26.35 | Cagr: 12.44%
[DCF] Terminal Value 74.44% ; FCFF base≈1.81b ; Y1≈1.71b ; Y5≈1.60b
[DCF] Fair Price = 50.69 (EV 25.3b - Net Debt 14.6b = Equity 10.7b / Shares 211.3m; r=8.35% [WACC [floored]]; 5y FCF grow -6.97% → 2.50% )
EPS Correlation: -58.74 | EPS CAGR: -8.67% | SUE: 0.18 | # QB: 0
Revenue Correlation: 84.32 | Revenue CAGR: 17.20% | SUE: 0.67 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.15 | Chg30d=-1.25% | Revisions=+0% | Analysts=5
EPS next Quarter (2026-09-30): EPS=1.17 | Chg30d=-2.09% | Revisions=-57% | Analysts=5
EPS current Year (2026-12-31): EPS=4.53 | Chg30d=-1.34% | Revisions=+17% | GrowthEPS=-1.3% | GrowthRev=+2.5%
EPS next Year (2027-12-31): EPS=4.74 | Chg30d=-0.88% | Revisions=+17% | GrowthEPS=+4.7% | GrowthRev=+3.0%
[Analyst] Revisions Ratio: -13% (up=5, down=7)