(EXR) Extra Space Storage - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US30225T1025
Stock: Storage, Units, Boat, RV, Business
Total Rating 29
Risk 66
Buy Signal 0.07
| Risk 5d forecast | |
|---|---|
| Volatility | 26.3% |
| Relative Tail Risk | -4.36% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.09 |
| Alpha | -10.72 |
| Character TTM | |
|---|---|
| Beta | 0.544 |
| Beta Downside | 0.569 |
| Drawdowns 3y | |
|---|---|
| Max DD | 37.00% |
| CAGR/Max DD | 0.04 |
EPS (Earnings per Share)
Revenue
Description: EXR Extra Space Storage February 11, 2026
Extra Space Storage Inc. (NYSE: EXR) is a self-administered REIT and the largest U.S. self-storage operator, with 4,238 facilities across 43 states and Washington, D.C. as of 30 Sept 2025, totaling roughly 2.9 million units and 326.9 million rentable square feet under the Extra Space brand.
Recent performance indicators show an occupancy rate of 96.2 % in Q4 2025, a 5 % year-over-year increase in net operating income (NOI) margin to 65 %, and funds-from-operations (FFO) growth of 8 % YoY, reflecting strong demand for both residential and specialty storage (boat, RV, business). The sector remains buoyed by tight housing inventories, continued e-commerce expansion, and relatively low financing costs despite a modest rise in the Fed funds rate to 5.25 %.
For a deeper, data-driven analysis of EXR’s valuation and scenario modeling, consider reviewing the detailed metrics on ValueRay.
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 |
What is the price of EXR shares?
As of February 17, 2026, the stock is trading at USD 146.36 with a total of 2,160,700 shares traded.
Over the past week, the price has changed by +4.27%, over one month by -1.69%, over three months by +13.48% and over the past year by -1.15%.
Over the past week, the price has changed by +4.27%, over one month by -1.69%, over three months by +13.48% and over the past year by -1.15%.
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?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 149.7 | 2.3% |
| Analysts Target Price | 149.7 | 2.3% |
EXR Fundamental Data Overview February 12, 2026
P/E Trailing = 31.6622
P/E Forward = 29.0698
P/S = 9.2268
P/B = 2.2045
P/EG = 3.644
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 = 45.12b USD (31.57b + Debt 13.66b - CCE 111.9m)
Interest Coverage Ratio = 1.69 (Ebit TTM 2.04b / Interest Expense TTM 1.21b)
EV/FCF = 23.93x (Enterprise Value 45.12b / FCF TTM 1.89b)
FCF Yield = 4.18% (FCF TTM 1.89b / Enterprise Value 45.12b)
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 = 1.54 (Enterprise Value 45.12b / 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 = 7.03% (E(31.57b)/V(45.23b) * Re(7.92%) + D(13.66b)/V(45.23b) * Rd(5.49%) * (1-Tc(0.10)))
Discount Rate = 7.92% (= 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 84.14% ; FCFF base≈1.83b ; Y1≈2.19b ; Y5≈3.48b
Fair Price DCF = 281.7 (EV 73.35b - Net Debt 13.55b = Equity 59.80b / Shares 212.2m; r=7.03% [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=+0.003 | Revisions Net=-2 | Analysts=4
EPS next Year (2026-12-31): EPS=4.75 | Chg30d=-0.048 | Revisions Net=-3 | Growth EPS=+5.3% | Growth Revenue=+2.0%
P/E Forward = 29.0698
P/S = 9.2268
P/B = 2.2045
P/EG = 3.644
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 = 45.12b USD (31.57b + Debt 13.66b - CCE 111.9m)
Interest Coverage Ratio = 1.69 (Ebit TTM 2.04b / Interest Expense TTM 1.21b)
EV/FCF = 23.93x (Enterprise Value 45.12b / FCF TTM 1.89b)
FCF Yield = 4.18% (FCF TTM 1.89b / Enterprise Value 45.12b)
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 = 1.54 (Enterprise Value 45.12b / 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 = 7.03% (E(31.57b)/V(45.23b) * Re(7.92%) + D(13.66b)/V(45.23b) * Rd(5.49%) * (1-Tc(0.10)))
Discount Rate = 7.92% (= 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 84.14% ; FCFF base≈1.83b ; Y1≈2.19b ; Y5≈3.48b
Fair Price DCF = 281.7 (EV 73.35b - Net Debt 13.55b = Equity 59.80b / Shares 212.2m; r=7.03% [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=+0.003 | Revisions Net=-2 | Analysts=4
EPS next Year (2026-12-31): EPS=4.75 | Chg30d=-0.048 | Revisions Net=-3 | Growth EPS=+5.3% | Growth Revenue=+2.0%