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Extra Space Storage (EXR) Stock Analysis

This is a peer-relative look at Extra Space Storage (EXR): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Equity Real Estate Investment Trusts (REITs) peers, so every number reads in context rather than in isolation.

Company Profile

Extra Space Storage (EXR) is a REIT, a distribution-oriented structure — read its payout ratio and P/E alongside FFO (funds from operations) rather than at face value.

Company profile fields for Extra Space Storage (EXR)
Profile ItemEXR
NameExtra Space Storage Inc.
Country/RegionUnited States
GICS SectorReal Estate
GICS Industry GroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
GICS Sub-IndustrySelf-Storage REITs
Market Capitalization34.73 billion USD
CurrencyUSD
ExchangeNYSE
Listing DateAugust 16, 2004
Security TypeREIT

Price Performance

Cumulative Growth

EXR
GSPC
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Extra Space Storage (EXR) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Extra Space Storage (EXR) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Extra Space Storage (EXR) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Extra Space Storage (EXR) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EXRIndustry group median
Total Return (1Y)26.81%12.32%
Total Return (3Y, Annualized)15.90%12.70%
Total Return (5Y, Annualized)0.02%0.76%

Risk Profile

Drawdown History

EXR
GSPC
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Extra Space Storage (EXR) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Extra Space Storage (EXR) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Extra Space Storage (EXR) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EXRIndustry group median
Volatility (1Y, Annualized)22.51%23.60%
Beta (5Y)1.050.93
Max Drawdown (5Y)-51.36%-42.02%

Risk-Adjusted Performance

Risk-Return Positioning

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Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. EXR is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Extra Space Storage (EXR) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EXRIndustry group median
Sharpe Ratio (1Y)1.000.37
Sortino Ratio (1Y)1.540.55

Profitability

ROE (TTM)

Extra Space Storage (EXR) posts ROE of 7.71%, roughly around the peer group’s normal range. Shareholders’ equity is producing a return that looks broadly typical for the industry.

EXR

Equity Real Estate Investment Trusts (REITs) industry group

7.71%

Group distribution
Max
22.74%
Q3
10.54%
EXR
7.71%
Median
6.38%
Q1
1.69%
Min
-10.86%
Largest peers
SPG
129.35%
AMT
32.96%
EQIX
11.45%
PLD
7.71%
EXR
7.71%
WELL
3.92%
DLR
3.34%
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Where Extra Space Storage (EXR) stands on ROE within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

net margin is set aside for Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs): heavy depreciation can make net income a poor proxy for cash profitability, so FFO-based measures usually carry the read.

Operating Margin (TTM)

operating margin is set aside for Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs): the operating-income line is not a clean boundary for this business model, so net margin, ROE, FFO, or industry-specific measures may be more useful.

Profitability Metrics

Extra Space Storage (EXR) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EXRIndustry group median
ROE (TTM)7.71%6.38%
ROA (TTM)3.39%2.44%
Net Margin (TTM)----
Operating Margin (TTM)----
Gross Margin (TTM)----

Growth

Revenue Growth

Extra Space Storage (EXR) grew revenue 3.70%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

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Extra Space Storage (EXR): Revenue Growth across different time periods, set against Equity Real Estate Investment Trusts (REITs) industry-group medians.

EPS Growth

EPS growth is not assessed for Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs): under this industry convention, per-share earnings need a different yardstick.

Growth Metrics

Extra Space Storage (EXR) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EXRIndustry group median
Revenue Growth (YoY)3.70%5.25%
Revenue Growth (3Y CAGR)20.63%5.09%
EPS Growth (YoY)----
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Extra Space Storage (EXR) has current ratio of 0.87, in the healthier middle range for its industry. The short-term asset cushion looks balanced relative to peers rather than stretched thin.

EXR

Equity Real Estate Investment Trusts (REITs) industry group

0.87

Group distribution
Max
4.19
Q3
2.11
Median
1.31
EXR
0.87
Q1
0.62
Min
0.06
Largest peers
WELL
1.66
EQIX
1.04
EXR
0.87
PLD
0.73
DLR
0.58
SPG
0.39
AMT
0.35
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Where Extra Space Storage (EXR) stands on current ratio within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

Debt / Equity (MRQ)

Extra Space Storage (EXR) has debt-to-equity ratio of 1.03, roughly in line with the peer group’s normal leverage range. Its mix of debt and equity looks typical for the industry.

EXR

Equity Real Estate Investment Trusts (REITs) industry group

1.03

Group distribution
Max
2.72
Q3
1.59
EXR
1.03
Median
0.99
Q1
0.72
Min
0.20
Largest peers
SPG
5.67
AMT
4.64
EQIX
1.81
EXR
1.03
DLR
0.69
PLD
0.62
WELL
0.42
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Where Extra Space Storage (EXR) stands on debt-to-equity ratio within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

Financial Strength Metrics

Extra Space Storage (EXR) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EXRIndustry group median
Current Ratio (MRQ)0.871.31
Debt / Equity (MRQ)1.030.99
Net Debt / EBITDA6.075.82

Dividends

Dividend Yield (TTM)

Extra Space Storage (EXR) has dividend yield of 4.05%, in the industry’s normal income range. It provides a meaningful dividend without the red flag of an unusually high headline yield.

EXR

Equity Real Estate Investment Trusts (REITs) industry group

4.05%

Group distribution
Max
8.62%
Q3
5.95%
Median
4.34%
EXR
4.05%
Q1
3.26%
Min
0.00%
Largest peers
EXR
4.05%
AMT
3.64%
PLD
3.28%
DLR
2.79%
EQIX
2.02%
WELL
1.30%
SPG
0.97%
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Where Extra Space Storage (EXR) stands on dividend yield within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

payout ratio is not assessed for Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs): distributions in this industry are better read against FFO or cash-flow measures than accounting earnings.

Dividend Metrics

Extra Space Storage (EXR) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EXRIndustry group median
Dividend Yield (TTM)4.05%4.34%
Dividend Payout Ratio (TTM)----

Valuation

P/E Ratio (TTM)

P/E ratio is not assessed for Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs): depreciation can depress accounting earnings in this industry, so price-to-FFO is the more relevant valuation yardstick.

P/S Ratio (TTM)

Extra Space Storage (EXR) trades at 9.86 on P/S ratio, in the higher sales-valuation quartile. Investors are paying up for each dollar of revenue, so stronger margins, growth, or revenue quality need to carry that price.

EXR

Equity Real Estate Investment Trusts (REITs) industry group

9.86

Group distribution
Max
14.47
EXR
9.86
Q3
8.02
Median
5.98
Q1
3.27
Min
0.43
Largest peers
WELL
13.03
PLD
12.48
SPG
12.09
EQIX
9.88
EXR
9.86
DLR
9.47
AMT
7.95
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Where Extra Space Storage (EXR) stands on P/S ratio within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Extra Space Storage (EXR) trades at 2.59 on P/B ratio, in the higher book-value quartile. The market is paying a premium to book, so stronger ROE, cleaner assets, or a better growth profile need to justify it.

EXR

Equity Real Estate Investment Trusts (REITs) industry group

2.59

Group distribution
Max
4.06
EXR
2.59
Q3
2.53
Median
1.64
Q1
1.06
Min
0.21
Largest peers
AMT
24.92
SPG
19.38
EQIX
6.90
WELL
3.69
EXR
2.59
DLR
2.39
PLD
2.16
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Where Extra Space Storage (EXR) stands on P/B ratio within its Equity Real Estate Investment Trusts (REITs) peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Extra Space Storage (EXR) metric values compared with Equity Real Estate Investment Trusts (REITs) industry-group medians
MetricCurrent stock: EXRIndustry group median
P/E Ratio (TTM)----
P/S Ratio (TTM)9.865.98
P/B Ratio (MRQ)2.591.64
Free Cash Flow Yield (TTM)----