Inside the research

Extra Space Storage Inc.

EXR Research profile · latest available data

Price overview

$133.35

▲ +1.12 (+0.8%)

52w hi$151.07
52w lo$120.98
Vol1.06M
As of25 Sep 2026

The Verdict

Hold

Our score -0.34

Short-0.15
Medium-0.44
Long-0.52

computed 2026-09-27

Key fundamentals

Extra Space Storage Inc.

Real Estate · REIT - Industrial

Market cap$29.43B
Enterprise value$42.81B
Trailing P/E29.44x
Forward P/E27.71x
EV / EBITDA18.53x
P / S (ttm)8.38x
Profit margin27.3%
Return on equity7.0%
Revenue growth+3.8%
Earnings growth+6.0%
Debt / equity101.67

Layer Breakdown

LayerRawContribution
Fundamental+0.09
Sector-0.04
Technical-0.19
Earnings+0.00
Sentiment+0.00

macro × 1.00 · 2026-09-27

Business overview

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.

United States · www.extraspace.com

Risk Metrics

Beta vs SPX0.49
Corr SPX0.32
Annual vol24.8%
Annual ret-12.0%
Sharpe-0.48
Max DD-30.9%

Window: 504 trading days (504 obs)

Analyst Coverage

Mean PT$152.35
High / Low$178.00 / $140.00
Median$150.00
Analysts20
Strong Buy2
Buy6
Hold12
Sell0
Strong Sell1

Recent rating actions

2026-05-06Truist Securities→ Hold
2026-04-16Wells Fargo→ Overweight
2026-03-23JP Morgan→ Neutral
2026-03-05Barclays→ Overweight
2026-03-02Scotiabank→ Sector Perform
2026-02-23RBC Capital→ Sector Perform

Material Events

DateEvent8-K
2026-07-28Earnings Release, Exhibitsread
2026-07-06Material Agreement, Material Obligation…read
2026-06-25Other Material Event, Exhibitsread
2026-05-15Shareholder Voteread
2026-04-28Earnings Release, Exhibitsread
2026-02-19Earnings Release, Exhibitsread
2026-01-05Officer / Director Change, Reg FD Disclosure…read
2025-10-29Earnings Release, Exhibitsread
2025-08-26Material Agreement, Material Obligation…read
2025-08-08Material Agreement, Material Obligation…read
2025-08-07Other Material Event, Exhibitsread
2025-08-06Other Material Event, Exhibitsread

Insider Trades

DateInsiderRoleActionSharesValue
2026-08-04Margolis Joseph DChief Executive OfficerGift13.50K—

Flow & Concentration

Insider 180d net$0
Insider buys / sells0 / 0
Insider biasNeutral
13F holders8
Top-5 share95.3%
HHI3,193 (concentrated)

Top Holders

HolderValueShares
State Street Corp$1.97B13.56M
Fidelity / FMR LLC$739.36M5.09M
Norges Bank (Norway sovereign)$563.33M3.88M
Citadel Advisors$239.41M1.65M
Millennium Management$206.05M1.42M
Capital Research / Capital World$113.49M781.07K
AQR Capital Management$70.64M486.38K
T. Rowe Price Group$44.89K308.95K

As of 2026-06-30

Dividends

Yield (TTM)2.43%
$ / share (TTM)$3.24
5y CAGR+12.5%

Annual dividend per share

2021$4.50
2022$6.00
2023$6.48
2024$6.48
2025$6.48
2026$1.62

SEC Filings

DateFormDoc
2026-08-054view
2026-07-3110-Qview
2026-07-288-Kview
2026-07-068-Kview
2026-07-024view
2026-07-024view
2026-07-024view
2026-06-258-Kview
2026-06-25424B5view
2026-06-24424B5view
2026-06-1811-Kview
2026-06-124view
2026-05-184view
2026-05-184view
2026-05-184view

The Long Run

FY 2010–2025 · 16 years

LineLatestCAGRTrend
Revenue$129.48M+18.3%
Operating income$1.17B+18.4%
Net income$974.00M+28.9%
Cash from ops$1.89B+33.5%

Indices

S&P 500

Recent Sessions

DateOpenHighLowCloseVol
Sep 25$132.45$133.38$131.53$133.351.06M
Sep 24$134.25$134.85$132.01$132.231.45M
Sep 23$133.79$135.04$132.98$133.842.41M
Sep 22$137.96$138.31$134.72$134.992.11M
Sep 21$137.14$138.41$136.63$137.461.38M

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