(EXR) Extra Space Storage - Overview
Exchange: NYSE •
Country: United States •
Currency: USD •
Type: Common Stock •
ISIN: US30225T1025
Stock: Storage Units, Rental Space, Business Storage, Vehicle Storage
Total Rating 33
Risk 33
Buy Signal -0.35
| Risk 5d forecast | |
|---|---|
| Volatility | 26.7% |
| Relative Tail Risk | -5.58% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.07 |
| Alpha | -10.81 |
| Character TTM | |
|---|---|
| Beta | 0.400 |
| Beta Downside | 0.386 |
| Drawdowns 3y | |
|---|---|
| Max DD | 35.97% |
| CAGR/Max DD | -0.01 |
EPS (Earnings per Share)
Revenue
Description: EXR Extra Space Storage March 05, 2026
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, 0-10) 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 March 20, 2026, the stock is trading at USD 138.36 with a total of 2,117,677 shares traded.
Over the past week, the price has changed by -2.52%, over one month by -4.98%, over three months by +5.39% and over the past year by -3.51%.
Over the past week, the price has changed by -2.52%, over one month by -4.98%, over three months by +5.39% and over the past year by -3.51%.
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 | 152.4 | 10.1% |
| Analysts Target Price | 152.4 | 10.1% |
EXR Fundamental Data Overview March 15, 2026
P/E Trailing = 30.7996
P/E Forward = 28.8184
P/S = 9.0899
P/B = 2.2033
P/EG = 3.6025
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 = 46.16b USD (31.33b + Debt 14.97b - CCE 138.9m)
Interest Coverage Ratio = 1.67 (Ebit TTM 2.48b / Interest Expense TTM 1.49b)
EV/FCF = 25.02x (Enterprise Value 46.16b / FCF TTM 1.84b)
FCF Yield = 4.00% (FCF TTM 1.84b / Enterprise Value 46.16b)
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 = 1.58 (Enterprise Value 46.16b / 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 = 5.74% (E(31.33b)/V(46.30b) * Re(7.39%) + D(14.97b)/V(46.30b) * Rd(2.85%) * (1-Tc(0.20)))
Discount Rate = 7.39% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.25%
[DCF] Terminal Value 87.54% ; FCFF base≈1.84b ; Y1≈2.10b ; Y5≈2.88b
[DCF] Fair Price = 331.4 (EV 84.81b - Net Debt 14.83b = Equity 69.98b / Shares 211.1m; r=5.90% [WACC]; 5y FCF grow 16.32% → 2.90% )
EPS Correlation: -60.07 | EPS CAGR: -2.75% | SUE: 0.88 | # QB: 1
Revenue Correlation: 88.99 | Revenue CAGR: 20.76% | SUE: 2.94 | # QB: 1
EPS next Quarter (2026-06-30): EPS=1.16 | Chg7d=-0.017 | Chg30d=+0.007 | Revisions Net=-1 | Analysts=3
EPS current Year (2026-12-31): EPS=4.75 | Chg7d=-0.039 | Chg30d=+0.027 | Revisions Net=-1 | Growth EPS=+3.5% | Growth Revenue=+2.1%
EPS next Year (2027-12-31): EPS=4.91 | Chg7d=-0.022 | Chg30d=-0.037 | Revisions Net=-1 | Growth EPS=+3.3% | Growth Revenue=+3.2%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 4.7% (Discount Rate 7.9% - Earnings Yield 3.2%)
[Growth] Growth Spread = -2.3% (Analyst 2.4% - Implied 4.7%)
P/E Forward = 28.8184
P/S = 9.0899
P/B = 2.2033
P/EG = 3.6025
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 = 46.16b USD (31.33b + Debt 14.97b - CCE 138.9m)
Interest Coverage Ratio = 1.67 (Ebit TTM 2.48b / Interest Expense TTM 1.49b)
EV/FCF = 25.02x (Enterprise Value 46.16b / FCF TTM 1.84b)
FCF Yield = 4.00% (FCF TTM 1.84b / Enterprise Value 46.16b)
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 = 1.58 (Enterprise Value 46.16b / 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 = 5.74% (E(31.33b)/V(46.30b) * Re(7.39%) + D(14.97b)/V(46.30b) * Rd(2.85%) * (1-Tc(0.20)))
Discount Rate = 7.39% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 33.33 | Cagr: 0.25%
[DCF] Terminal Value 87.54% ; FCFF base≈1.84b ; Y1≈2.10b ; Y5≈2.88b
[DCF] Fair Price = 331.4 (EV 84.81b - Net Debt 14.83b = Equity 69.98b / Shares 211.1m; r=5.90% [WACC]; 5y FCF grow 16.32% → 2.90% )
EPS Correlation: -60.07 | EPS CAGR: -2.75% | SUE: 0.88 | # QB: 1
Revenue Correlation: 88.99 | Revenue CAGR: 20.76% | SUE: 2.94 | # QB: 1
EPS next Quarter (2026-06-30): EPS=1.16 | Chg7d=-0.017 | Chg30d=+0.007 | Revisions Net=-1 | Analysts=3
EPS current Year (2026-12-31): EPS=4.75 | Chg7d=-0.039 | Chg30d=+0.027 | Revisions Net=-1 | Growth EPS=+3.5% | Growth Revenue=+2.1%
EPS next Year (2027-12-31): EPS=4.91 | Chg7d=-0.022 | Chg30d=-0.037 | Revisions Net=-1 | Growth EPS=+3.3% | Growth Revenue=+3.2%
[Analyst] Revisions Ratio: -1.00 (0 Up / 1 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 4.7% (Discount Rate 7.9% - Earnings Yield 3.2%)
[Growth] Growth Spread = -2.3% (Analyst 2.4% - Implied 4.7%)