Extra Space Storage Inc. (EXR)

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2026, the Company owned and/or operated 4,410 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 3.0 million units and approximately 341.0 million square feet of rentable space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage, and business storage. It is the largest operator of self-storage properties in the United States. Extra Space Storage Inc. was incorporated in 1977 in Maryland, USA.

Symbol: EXR
Exchange: NYSE
Sector: Real Estate
Industry: REIT - Industrial
Market cap: $28.15B
52 week range: 125.71 - 158.88

Valuation

Share price: $133.25 (close of 2026-10-02)
P/E (TTM): 29.48x
Price to book: 1.99x
Price to free cash flow: 18.53x
Enterprise value: $29.84B
Book value per share: $67.10

Price performance

Period	Change
1 day	+0.13%
5 days	-0.07%
1 month	-4.77%
3 months	-10.77%
6 months	-0.46%
Year to date	+2.33%
1 year	-5.81%
3 years	+11.72%
5 years	-21.13%
10 years	+67.80%
All time	+966.00%

Members of Congress who disclosed EXR trades

Julia Letlow · Robert Bresnahan

Super investors holding EXR

First Eagle Investment (First Eagle Investment Management, LLC) · Ken Griffin (Citadel) · Christopher Davis (Davis Selected Advisers)

Profitability and growth

Return on equity: 6.80%
Return on invested capital: 4.87%
Return on assets: 3.33%
Gross margin: -609.13%
Net margin: 752.26%
EBITDA margin: 1643.45%
Revenue growth: 7.13%
Net income growth: 13.96%
Free cash flow growth: -8.51%

Cash flow and balance sheet

Free cash flow yield (TTM): 5.40%
Net debt to EBITDA: 0.71x

Latest reported year

Period end: 2025-12-31
Fiscal year: 2025
Revenue: $129.48M
Cost of revenue: $918.15M
Gross profit: -$788.67M
EBITDA: $2.13B
Net income: $974.00M
Earnings per share: $4.59
Shares outstanding: 211.85M

Income statement by year

Period end	Revenue	Gross profit	Net income	EPS
2025-12-31	$129.48M	-$788.67M	$974.00M	$4.59
2024-12-31	$120.86M	-$710.71M	$854.68M	$4.03
2023-12-31	$101.99M	-$510.05M	$803.20M	$4.74
2022-12-31	$83.90M	-$351.44M	$860.69M	$6.41
2021-12-31	$66.26M	-$302.34M	$827.65M	$6.20
2020-12-31	$52.13M	-$308.49M	$481.78M	$3.71
2019-12-31	$49.89M	-$286.16M	$419.97M	$3.27
2018-12-31	$41.76M	-$249.94M	$415.29M	$3.29
2017-12-31	$39.38M	-$232.59M	$479.01M	$3.79
2016-12-31	$39.84M	-$210.16M	$366.13M	$2.92

Margins and returns by year

Period end	Gross margin	Net margin	Return on equity	Return on capital
2025-12-31	-609.13%	752.26%	6.80%	4.87%
2024-12-31	-588.07%	707.20%	5.75%	4.65%
2023-12-31	-500.12%	787.56%	5.21%	4.32%
2022-12-31	-418.86%	1025.80%	21.10%	8.92%
2021-12-31	-456.27%	1249.02%	21.86%	20.74%
2020-12-31	-591.77%	924.21%	16.41%	15.93%
2019-12-31	-573.58%	841.79%	14.37%	18.94%
2018-12-31	-598.55%	994.54%	14.91%	21.73%
2017-12-31	-590.66%	1216.42%	17.59%	23.56%
2016-12-31	-527.49%	918.95%	14.10%	15.17%

Cash and debt by year

Period end	Cash	Debt
2025-12-31	$138.92M	$1.22B
2024-12-31	$138.22M	$1.36B
2023-12-31	$99.06M	$682.00M
2022-12-31	$92.87M	$945.00M
2021-12-31	$71.13M	$535.00M
2020-12-31	$109.12M	$949.00M
2019-12-31	$65.75M	$158.00M
2018-12-31	$57.50M	$81.00M
2017-12-31	$55.68M	$94.00M
2016-12-31	$43.86M	$365.00M

Free cash flow by year

Period end	Free cash flow	Stock-based compensation
2025-12-31	$1.29B	$35.54M
2024-12-31	$1.41B	$28.99M
2023-12-31	$1.27B	$26.48M
2022-12-31	$44.88M	$21.39M
2021-12-31	$952.44M	$17.30M
2020-12-31	$771.23M	$16.28M
2019-12-31	$707.69M	$13.05M
2018-12-31	$677.79M	$11.18M
2017-12-31	$597.38M	$9.56M
2016-12-31	$539.26M	$8.04M

Dividend history

Most recent payment: 2026-09-15
Paid in the last twelve months: $6.48

Payment date	Dividend per share
2026-09-15	$1.62
2026-06-15	$1.62
2026-03-16	$1.62
2025-12-15	$1.62
2025-09-15	$1.62
2025-06-16	$1.62
2025-03-14	$1.62
2024-12-16	$1.62

Investor relations

Next earnings report

Next confirmed report: 2026-11-04
Consensus EPS estimate: $2.10

Past earnings dates

Reported	Fiscal period	EPS estimate
2026-07-28	Jun/2026	$2.06
2026-04-28	Mar/2026	$2.01
2026-02-19	Dec/2025	$2.03
2025-10-29	Sep/2025	$2.06
2025-07-30	Jun/2025	$2.06
2025-04-29	Mar/2025	$1.96
2025-02-25	Dec/2024	$2.02
2024-10-29	Sep/2024	$2.03

Filings and sources

Company website: extraspace.com
SEC filings: 10-K, 10-Q and 8-K on EDGAR
Earnings calendar: All upcoming reports

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