EXR vs. HST: Extra Space Storage vs. Host Hotels & Resorts Stock Comparison

Company Profile

Extra Space Storage (EXR) and Host Hotels & Resorts (HST) both fall under the Equity Real Estate Investment Trusts (REITs) industry group, but EXR is classified in Specialized REITs while HST is classified in Hotel & Resort REITs.

Both Extra Space Storage (EXR) and Host Hotels & Resorts (HST) are REITs — read their payout ratios and P/E alongside FFO (funds from operations) rather than at face value.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

Host Hotels & Resorts (HST) at 14.21% sits in the top ROE quartile, while Extra Space Storage (EXR) at 7.71% is closer to the peer norm — stronger capital efficiency for HST.

Neither Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs) nor Host Hotels & Resorts (HST) in Equity Real Estate Investment Trusts (REITs) is well served by net margin: heavy depreciation makes net income a poor profitability proxy in their businesses, where FFO-based measures are the standard read.

Neither side reports a meaningful operating margin: for Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs) and Host Hotels & Resorts (HST) in Equity Real Estate Investment Trusts (REITs), funding costs are part of the core business, so net margin and ROE are the cleaner profitability reads.

Profitability Metrics

Growth

Both Extra Space Storage (EXR) at 3.70% and Host Hotels & Resorts (HST) at 7.57% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

EPS growth isn't a meaningful figure for either Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs) or Host Hotels & Resorts (HST) in Equity Real Estate Investment Trusts (REITs) under our convention.

Growth Metrics

Financial Strength

Extra Space Storage (EXR) at 0.87 keeps current ratio within its industry’s typical mid-range, while Host Hotels & Resorts (HST) at 5.39 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Both Extra Space Storage (EXR) at 1.03 and Host Hotels & Resorts (HST) at 0.86 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

Financial Strength Metrics

Dividends

Extra Space Storage (EXR) at 4.05% pays a yield in its industry’s typical range, while Host Hotels & Resorts (HST) at 3.25% falls in the bottom quartile of its peers.

An earnings-based payout ratio fits neither Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs) nor Host Hotels & Resorts (HST) in Equity Real Estate Investment Trusts (REITs): their distributions are mandated and conventionally measured against FFO, so the accounting-earnings ratio overstates both.

Dividend Metrics

Valuation

P/E ratio is not a meaningful valuation yardstick for either Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs) or Host Hotels & Resorts (HST) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

Host Hotels & Resorts (HST) at 2.73 looks cheap on sales in the lower P/S ratio quartile, while Extra Space Storage (EXR) at 9.86 looks rich in the upper quartile — a clear gap in price per dollar of revenue.

Both Extra Space Storage (EXR) at 2.59 and Host Hotels & Resorts (HST) at 2.66 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

Valuation Metrics