Superworth

Extra Space Storage EXR

REIT - Industrial, Real Estate
$143.41
+0.15%
Market cap
$30.3B
PE
31.7×
10y median 31.0×
Forward PE
30.4×
10y median 31.9×
Price to FFO
17.8×
its own FFO
Price to sales
8.8×
EV/EBIT
31.2×
Revenue, 12 months
$3.4B
+4% on a year ago
Net margin
27.8%

Extra Space Storage trades at 17.8× its funds from operations, the earnings measure REITs are valued on. Revenue was $3.4B over the last twelve months, up 4% on a year earlier with a 28% net margin.

Charts

Financials

Income statement for EXR, by quarter
Income statementQ3 FY23Q4 FY23Q1 FY24Q2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
$748M+50%$797.8M+57%$799.5M+59%$810.7M+59%$824.8M+10%$821.9M+3%$820M+3%$841.6M+4%$858.5M+4%$857.5M+4%$856M+4%$874.2M+4%
Cost of revenue$204.3M+63%$216.2M+78%$223M+77%$216.5M+75%$226.5M+11%$239.4M+11%$240.7M+8%$244.6M+13%$253.3M+12%$248.5M+4%$256.2M+6%$249M+2%
Gross profit$543.7M+46%$581.6M+51%$576.5M+53%$594.1M+53%$598.3M+10%$582.5M+0%$579.3M+1%$597.1M+1%$605.2M+1%$609M+5%$599.9M+4%$625.1M+5%
SG&A$37.4M+16%$39.4M+10%$43.7M+26%$39.9M+15%$39.8M+6%$44M+12%$46M+5%$45M+13%$43.5M+9%$51.9M+18%$46.5M+1%$47.3M+5%
$299.8M+11%$333.5M+24%$335.8M+27%$304.8M+12%$302.7M+1%$380M+14%$388.7M+16%$374M+23%$279.1M−8%$370.9M−2%$367.6M−5%$392.2M+5%
Interest expense$122.9M+119%$129.7M+78%$132.9M+66%$137.1M+59%$142.9M+16%$138.5M+7%$142.4M+7%$146.1M+7%$149.7M+5%$149.4M+8%$147.3M+3%$146.7M+0%
Pre-tax income$190.8M−18%$215.5M+1%$215.8M+6%$188M−10%$183.8M−4%$265.1M+23%$274M+27%$258.1M+37%$161M−12%$247.7M−7%$247.2M−10%$271.5M+5%
$6.9M+3%$4.3M−20%$6.7M+57%$9.8M+65%$10.9M+56%$6M+40%$9M+33%$11.6M+18%$12M+10%$9M+49%$10.8M+20%$12.1M+4%
Net income$188.3M−15%$216.1M+6%$213.1M+9%$185.9M−8%$193.2M+3%$262.5M+21%$270.9M+27%$249.7M+34%$166M−14%$287.4M+10%$241M−11%$263.5M+6%
$0.96−42%$1.02−29%$1.01−31%$0.88−41%$0.91−5%$1.41+38%$1.28+27%$1.18+34%$0.78−14%$1.36−4%$1.14−11%$1.25+6%
195.3M+38%211.1M+49%220M+54%211.6M+47%220.3M+13%186M−12%212.1M−4%211.9M+0%221.3M+1%211.6M+14%220.3M+4%220.4M+4%

Gross profit: 69 periods, Q2 FY09 to Q2 FY26: not printed by the filing, worked out from its own lines.

EPS, diluted: 8 periods, Q4 FY09 to Q4 FY25: quarter's net income to common over its shares, to the cent.

Diluted shares: 17 periods, Q4 FY09 to Q4 FY25: share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Estimates

Next earnings report: .

QuarterRevenueRangeEPSRangeAnalysts
Q3 FY26$886.6M$884.7M to $888.5M$1.19$1.18 to $1.205
Q4 FY26$884.1M$880.7M to $887.4M$1.17$1.16 to $1.185
Q1 FY27$894.5M$889.5M to $898.5M$1.15$1.14 to $1.163
Q2 FY27$912.8M$907.7M to $916.7M$1.22$1.21 to $1.223
Q3 FY27$927.1M$921.9M to $931.2M$1.24$1.23 to $1.243
Q4 FY27$922.7M$917.5M to $926.7M$1.22$1.22 to $1.233
Q1 FY28$926.7M$921.5M to $930.7M$1.19$1.18 to $1.204
Q2 FY28$950.7M$945.4M to $954.9M$1.31$1.30 to $1.324

Peers

Companies in Real Estate nearest Extra Space Storage's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
EXRExtra Space Storage$30.3B31.7×31.0×30.4×8.8×+4%27.8%
IRMIron Mountain$32.7B78.5×47.1×43.1×4.3×+17%5.5%
VICIVICI Properties$26.2B9.2×14.3×8.1×6.4×+4%67.5%
CBRECBRE$35.7B28.3×22.0×15.4×0.8×+15%3.0%
CCICrown Castle$36.6B43.6×78.2×32.2×8.8×−5%20.7%
VTRVentas$44.5B161×51.7×120×6.9×+21%4.1%
SBACSBA Communications$19.6B19.9×81.2×n/m6.8×+5%34.5%
VMRKVivmark Residential$47.3B55.3×57.3×n/m15.1×+3%28.0%
ESSEssex Property Trust$17.9B43.3×36.2×n/m9.3×+5%21.5%
ORealty Income$53.8B41.5×51.5×35.4×8.9×+11%20.9%
HSTHost Hotels & Resorts$16.9B16.6×17.1×n/m2.7×+5%16.5%
Peer median$34.2B42.4×49.3×33.8×6.9×+5%20.8%

Investors who own it

Investors we follow who held Extra Space Storage at the end of Jun 30, 2026, from their 13F filings.

More on Extra Space Storage

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Industry
REIT - Industrial
Sector
Real Estate

Valuation data, not investment advice. Prices as of .