EXR vs. VICI: Extra Space Storage vs. VICI Properties Stock Comparison

Company Profile

Extra Space Storage (EXR) and VICI Properties (VICI) both belong to the Specialized REITs industry, though EXR is classified under Self-Storage REITs while VICI falls under Other Specialized REITs.

Both Extra Space Storage (EXR) and VICI Properties (VICI) 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

Both Extra Space Storage (EXR) at 7.71% and VICI Properties (VICI) at 8.28% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

Neither Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs) nor VICI Properties (VICI) 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 VICI Properties (VICI) 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 VICI Properties (VICI) at 4.08% 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 VICI Properties (VICI) 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 VICI Properties (VICI) at 20.26 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

VICI Properties (VICI) at 0.61 keeps leverage in the lower industry quartile, while Extra Space Storage (EXR) at 1.03 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

VICI Properties (VICI) at 7.18% delivers top-quartile income for its industry, while Extra Space Storage (EXR) at 4.05% pays a more typical yield — both are credible income propositions, VICI the richer one.

An earnings-based payout ratio fits neither Extra Space Storage (EXR) in Equity Real Estate Investment Trusts (REITs) nor VICI Properties (VICI) 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 VICI Properties (VICI) in Equity Real Estate Investment Trusts (REITs): depreciation suppresses reported earnings in their businesses, and price-to-FFO is the conventional yardstick instead.

VICI Properties (VICI) at 6.57 is priced about in line with its industry on P/S ratio, while Extra Space Storage (EXR) at 9.86 sits in the pricier quartile — EXR costs more per dollar of sales.

VICI Properties (VICI) at 0.94 looks cheap against book in the lower P/B ratio quartile, while Extra Space Storage (EXR) at 2.59 carries a premium in the upper quartile — a clear price-to-book gap.

Valuation Metrics