(EXR) Extra Space Storage - Ratings and Ratios

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

Storage, Units, Boat, Rv, Business

Stock: Self-Storage REITs
Age 21.5y

MCap 32,250m
Avg Vol 1.29M (185M USD)

Beta 0.551
Volatility 27.06%

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	6.93%
Yield CAGR 5y	9.54%
Payout Consistency	96.7%
Payout Ratio	144.6%

Risk via 5d forecast
Volatility	27.1%
Value at Risk 5%th	41.9%
Relative Tail Risk	-5.95%

Reward TTM
Sharpe Ratio	-0.16
Alpha	-13.32
CAGR/Max DD	0.04

Character TTM
Hurst Exponent	0.537
Beta	0.551
Beta Downside	0.540

Drawdowns 3y
Max DD	37.00%
Mean DD	13.99%
Median DD	14.31%

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) 4.5

Net Income: 953.0m TTM > 0 and > 6% of Revenue
FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.21 > 1.0
NWC/Revenue: 13.86% < 20% (prev -0.11%; Δ 13.97% < -1%)
CFO/TA 0.06 > 3% & CFO 1.89b > Net Income 953.0m
Net Debt (13.55b) to EBITDA (2.77b): 4.90 < 3
Current Ratio: 1.31 > 1.5 & < 3
Outstanding Shares: last quarter (211.9m) vs 12m ago -3.80% < -2%
Gross Margin: 67.73% > 18% (prev 0.76%; Δ 6697 % > 0.5%)
Asset Turnover: 11.52% > 50% (prev 11.80%; Δ -0.28% > 0%)
Interest Coverage Ratio: 1.69 > 6 (EBITDA TTM 2.77b / Interest Expense TTM 1.21b)

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 -1.25b / Total Assets 29.23b)
C: 0.07 (EBIT TTM 2.04b / Avg Total Assets 28.65b)
D: -0.08 (Book Value of Equity -1.25b / Total Liabilities 14.74b)
Altman-Z'' Score: 0.35 = B

Beneish M -2.58

DSRI: 1.47 (Receivables 1.68b/1.15b, Revenue 3.30b/3.31b)
GMI: 1.12 (GM 67.73% / 76.18%)
AQI: 0.98 (AQ_t 0.91 / AQ_t-1 0.93)
SGI: 1.00 (Revenue 3.30b / 3.31b)
TATA: -0.03 (NI 953.0m - CFO 1.89b) / TA 29.23b)
Beneish M-Score: -2.58 (Cap -4..+1) = A

ValueRay F-Score (Strict, 0-100) 62.23

1. Piotroski: 4.50pt
2. FCF Yield: 4.12%
3. FCF Margin: 57.15%
4. Debt/Equity: 1.00
5. Debt/Ebitda: 4.90
6. ROIC - WACC: -0.09%
7. RoE: 6.90%
8. Revenue Trend: 90.28%
9. EPS Trend: -71.48%

What is the price of EXR shares?

As of January 27, 2026, the stock is trading at USD 140.09 with a total of 968,632 shares traded.
Over the past week, the price has changed by -3.74%, over one month by +7.11%, over three months by -5.16% and over the past year by -6.03%.

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	151	7.8%
Analysts Target Price	151	7.8%
ValueRay Target Price	146.3	4.4%

EXR Fundamental Data Overview January 22, 2026

P/E Trailing = 32.5571
P/E Forward = 30.581
P/S = 9.4243
P/B = 2.3203
P/EG = 3.8354
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 = 45.80b USD (32.25b + Debt 13.66b - CCE 111.9m)
Interest Coverage Ratio = 1.69 (Ebit TTM 2.04b / Interest Expense TTM 1.21b)
EV/FCF = 24.28x (Enterprise Value 45.80b / FCF TTM 1.89b)
FCF Yield = 4.12% (FCF TTM 1.89b / Enterprise Value 45.80b)
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 = 1.57 (Enterprise Value 45.80b / Total Assets 29.23b)
Interest Expense / Debt = 5.49% (Interest Expense 749.8m / Debt 13.66b)
Taxrate = 9.59% (12.0m / 124.8m)
NOPAT = 1.85b (EBIT 2.04b * (1 - 9.59%))
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 = 6.97% (NOPAT 1.85b / Invested Capital 26.48b)
WACC = 7.06% (E(32.25b)/V(45.91b) * Re(7.95%) + D(13.66b)/V(45.91b) * Rd(5.49%) * (1-Tc(0.10)))
Discount Rate = 7.95% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -1.85%
[DCF Debug] Terminal Value 84.02% ; FCFF base≈1.83b ; Y1≈2.19b ; Y5≈3.48b
Fair Price DCF = 278.8 (EV 72.73b - Net Debt 13.55b = Equity 59.18b / Shares 212.2m; r=7.06% [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=1.09 | Chg30d=-0.030 | Revisions Net=-2 | Analysts=3
EPS next Year (2026-12-31): EPS=4.76 | Chg30d=-0.076 | Revisions Net=-3 | Growth EPS=+5.5% | Growth Revenue=+2.1%

Additional Sources for EXR Stock

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