E

    Extra Space Storage Inc (EXR)

    Official site

    REAL ESTATE • REIT - INDUSTRIAL • NYSE

    $141.03
    -1.88 (-1.32%)

    Market Cap: $31.54B

    Last updated: Sep 01, 2026 at 10:00 AM ET

    Earnings

    Performance (10Y)

    Beat Rate
    88%(35/40)
    Avg Surprise
    +10.39%
    Streak
    3 Q

    Upcoming Estimates

    Sep 30, 2026
    EPS Consensus$1.18
    Range$1.11 - $1.22
    7 analysts
    EPS RevisionsNo revisions (7d)No revisions (30d)
    EPS Estimate Drift
    90d ago$1.19+1.1%
    60d ago$1.17-1.0%
    30d ago$1.17-0.9%
    7d ago$1.18+0.3%
    Current$1.18
    Revenue Consensus
    $747M
    Range$743M - $751M
    4 analysts
    Dec 31, 2026
    EPS Consensus$1.16
    Range$0.94 - $1.35
    7 analysts
    Revenue Consensus
    $748M
    Range$742M - $752M
    5 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    		-$1.16---
    Sep 26EST
    		-$1.18---
    Jun 26
    		$2.15$2.06+4.37%Beat+82.2%
    Mar 26
    		$1.14$1.10+3.64%Beat-10.9%
    Dec 25
    		$1.36$1.16+17.24%Beat+9.7%
    Sep 25
    		$0.78$1.19-34.45%Miss-14.3%
    Jun 25
    		$1.18$1.18+0.00%Beat+34.1%
    Mar 25
    		$1.28$1.03+24.27%Beat+26.7%
    Dec 24
    		$1.24$1.10+12.73%Beat+21.6%
    Sep 24
    		$0.91$1.10-17.27%Miss-26.0%
    Jun 24
    		$0.88$1.02-13.73%Miss-41.3%
    Mar 24
    		$1.01$0.99+2.02%Beat-30.8%
    Dec 23
    		$1.02$1.21-15.70%Miss-32.9%
    Sep 23
    		$1.23$0.94+30.85%Beat-25.5%
    Jun 23
    		$1.50$1.50+0.00%Beat-8.0%
    Mar 23
    		$1.46$1.40+4.29%Beat+1.4%
    Dec 22
    		$1.52$1.46+4.11%Beat-24.0%
    Sep 22
    		$1.65$1.58+4.43%Beat+17.9%
    Jun 22
    		$1.63$1.47+10.88%Beat+41.7%
    Mar 22
    		$1.44$1.33+8.27%Beat+44.0%
    Dec 21
    		$2.00$1.40+42.86%Beat+68.1%
    Sep 21
    		$1.40$1.24+12.90%Beat+59.1%
    Jun 21
    		$1.15$1.08+6.48%Beat+43.7%
    Mar 21
    		$1.00$1.02-1.96%Miss+20.5%
    Dec 20
    		$1.19$0.90+32.22%Beat+38.4%
    Sep 20
    		$0.88$0.82+7.32%Beat+6.0%
    Jun 20
    		$0.80$0.71+12.68%Beat+5.3%
    Mar 20
    		$0.83$0.76+9.21%Beat+12.2%
    Dec 19
    		$0.86$0.79+8.86%Beat+7.5%
    Sep 19
    		$0.83$0.80+3.75%Beat-18.6%
    Jun 19
    		$0.76$0.75+1.33%Beat+1.3%
    Mar 19
    		$0.74$0.69+7.25%Beat+5.7%
    Dec 18
    		$0.80$0.76+5.26%Beat-50.9%
    Sep 18
    		$1.02$0.75+36.00%Beat+37.8%
    Jun 18
    		$0.75$0.71+5.63%Beat+8.7%
    Mar 18
    		$0.70$0.66+6.06%Beat+9.4%
    Dec 17
    		$1.63$0.70+132.86%Beat+150.8%
    Sep 17
    		$0.74$0.71+4.23%Beat+13.8%
    Jun 17
    		$0.69$0.65+6.15%Beat-
    Mar 17
    		$0.64$0.57+12.28%Beat-
    Dec 16
    		$0.65$0.55+18.18%Beat-
    Sep 16
    		$0.65$0.65+0.00%Beat-

    Dividends

    Dividend Metrics

    Yield4.59%
    Annual/Share$6.48
    Payout Ratio71.90%
    Frequency4
    Pay MonthsMar, Jun, Sep, Dec

    Growth

    3Y CAGR+2.60%
    5Y CAGR+12.47%
    View EXR's full dividend history

    Key Metrics

    Valuation
    P/E Ratio25.97EV/EBITDA18.14x
    Price/FCF25.10xFCF Yield3.98%
    Profitability
    Profit Margin27.30%Operating Margin45.90%
    ROE6.95%ROIC5.20%
    Financial Health
    Debt/Equity0.95xInterest Coverage2.19x
    Current Ratio1.56xQuick Ratio1.56x
    Trading Statistics
    Beta1.19Avg Volume867.23K
    52-Week High$158.8852-Week Low$121.45

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$145.08
    SMA 20$146.70
    SMA 50$146.98
    SMA 200$139.26
    EMA 10$144.45
    EMA 20$145.77
    EMA 50$146.03
    EMA 200$141.87

    MACD

    Line: -1.26Signal: -0.52Hist: -0.74

    ADX

    ADX: 12.2+DI: 18.4-DI: 31.3

    Aroon & PSAR

    Aroon Up8.0
    Aroon Down100.0
    PSAR$148.01

    Bollinger Bands

    Upper Band$151.73
    Lower Band$141.67
    %B Position685%(Upper)
    Band Width-0.06

    RSI (14-Day)

    Neutral
    32.4

    Momentum Oscillators

    Stoch %K6.8
    Stoch %D5.2
    Williams %R-88.6
    ROC (10d)-4.0%
    Momentum-5.86
    CCI (20d)-213.6
    MFI (14d)19.1

    Volatility Measures

    ATR (14d)$2.65(1.9%)
    StdDev (20d)2.51
    Hist Vol12.3%(Low)

    Volume Flow

    VWAP$141.13
    OBV7.5M
    AD Line-1.4B
    CMF (20d)-0.238

    Volume Metrics

    Avg Vol (20d)826.1K
    Vol Ratio1.4x
    VWMA (20d)$146.62

    Pivot Points

    R3$144.63
    R2$144.21
    R1$143.56
    Pivot Point$143.14
    S1$142.49
    S2$142.07
    S3$141.42

    Advanced Oscillators

    TSI-14.83
    Ultimate Osc32.0
    KST-15.96

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$874.15M$856.03M$857.47M$858.46M$841.62M$820.00M$821.90M$824.80M$810.66M$799.54M$797.77M$748.03M
    Cost of Revenue$231.72M$238.30M$231.46M$235.49M$227.62M$223.58M$221.11M$209.03M$196.90M$204.52M$195.04M$185.19M
    Gross Profit$642.43M$617.72M$626.01M$622.97M$614.00M$596.41M$600.78M$615.77M$613.76M$595.02M$602.74M$562.84M
    Operating Expenses$250.25M$250.17M$255.14M$343.85M$240.03M$207.69M$220.75M$313.03M$309.00M$259.19M$269.27M$263.05M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$47.31M$46.51M$51.94M$43.48M$44.95M$45.97M$44.02M$39.75M$39.90M$43.72M$39.40M$37.41M
    Operating Income$392.18M$367.55M$370.87M$279.12M$373.97M$388.73M$380.03M$302.74M$304.76M$335.83M$333.47M$299.79M
    Interest Income$38.78M$39.54M$38.65M$43.59M$42.00M$38.97M$34.68M$34.95M$31.23M$23.57M$22.25M$22.09M
    Interest Expense$159.46M$159.85M$161.79M$161.74M$157.90M$153.71M$149.64M$153.86M$147.99M$143.59M$140.22M$131.13M
    Income Before Tax$271.51M$247.24M$247.73M$160.97M$258.07M$273.99M$265.07M$183.83M$188.00M$215.81M$215.50M$190.76M
    Income Tax Expense$12.07M$10.79M$8.97M$11.96M$11.64M$8.99M$6.04M$10.86M$9.84M$6.74M$4.32M$6.94M
    Net Income$275.88M$252.42M$300.86M$174.03M$262.72M$284.93M$277.80M$202.94M$195.41M$224.07M$227.41M$198.86M
    EBITDA$593.77M$569.13M$566.48M$471.78M$565.87M$583.19M$590.64M$514.47M$514.15M$547.51M$549.40M$464.60M
    EBIT$392.18M$367.55M$370.87M$279.12M$373.97M$388.73M$380.03M$302.74M$304.76M$335.83M$333.47M$299.79M
    * Some calculated fields are derived from available data when not provided by source

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    News

    Is Extra Space Storage (EXR) A Bargain After Its CEO Plan?

    Extra Space Storage (EXR) has seen a 25.6% gain over the last three years, but current valuation presents a mixed picture. A Discounted Cash Flow (DCF) model suggests the stock is undervalued by about 14.5%, while its P/E ratio indicates it is fairly valued compared to peers, though above the industry average. The upcoming CEO transition in 2027 by Noah Springer is noted as a factor supporting long-term confidence, but the key challenge remains whether future storage demand and pricing power will support the optimistic cash flow projections.

    Simply Wall Street•8/31/26•
    Somewhat-Bullish

    Extra Space Storage stock holds steady as investors await the next earnings update

    Extra Space Storage Inc. (US30225T1025) stock is trading steadily as investors await its next earnings update, focusing on funds-from-operations, self-storage demand trends, and dividend potential. The company's recent performance shows strong revenue, mid-single-digit same-store net operating income growth, and a confident outlook for core funds from operations per share, supported by a healthy balance sheet and continued demand for self-storage.

    AD HOC NEWS•8/31/26•
    Somewhat-Bullish

    Extra Space Storage stock steadies after Q2 2026 earnings beat and guidance update

    Extra Space Storage (EXR) stock is trading in the mid-$140s after reporting Q2 2026 core FFO of $2.15 per share, exceeding consensus estimates of $2.06. The company also issued full-year 2026 core FFO guidance of $8.25 to $8.40 per share, indicating continued earnings growth. With a 9.6% year-to-date gain and a 4.5% dividend yield, the stock shows a balanced return profile, supported by its strong self-storage portfolio and recurring rental income.

    AD HOC NEWS•8/29/26•
    Bullish

    BMO Capital Upgrades Extra Space Storage Inc(EXR.US) to Buy Rating, Raises Target Price to $170

    BMO Capital has upgraded Extra Space Storage Inc (EXR.US) to a Buy rating, increasing its price target to $170. This positive revision reflects an optimistic outlook on the company's future performance.

    Moomoo•8/27/26•
    Bullish

    BMO Capital Upgrades Extra Space Storage to Outperform From Market Perform, $170 Price Target

    BMO Capital has upgraded Extra Space Storage (EXR) from Market Perform to Outperform and set a price target of $170. The report, published on August 27, 2026, indicates a positive outlook from the analyst firm for the specialized REIT. The article also provides recent news and company details for Extra Space Storage Inc.

    marketscreener.com•8/27/26•
    Bullish

    Frequently Asked Questions About EXR

    What is EXR's current dividend yield?
    Extra Space Storage Inc (EXR) has a current dividend yield of 4.59%.
    Does EXR pay dividends?
    Yes, Extra Space Storage Inc pays dividends with a current yield of 4.59%.
    What is EXR's P/E ratio?
    Extra Space Storage Inc has a price-to-earnings (P/E) ratio of 25.97.
    What is EXR's market cap?
    Extra Space Storage Inc (EXR) has a market capitalization of $31.54B with a current stock price of $141.03.

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