Extra Space Storage EXR
- 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 | Q3 FY23 | Q4 FY23 | Q1 FY24 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 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: .
| Quarter | Revenue | Range | EPS | Range | Analysts |
|---|---|---|---|---|---|
| Q3 FY26 | $886.6M | $884.7M to $888.5M | $1.19 | $1.18 to $1.20 | 5 |
| Q4 FY26 | $884.1M | $880.7M to $887.4M | $1.17 | $1.16 to $1.18 | 5 |
| Q1 FY27 | $894.5M | $889.5M to $898.5M | $1.15 | $1.14 to $1.16 | 3 |
| Q2 FY27 | $912.8M | $907.7M to $916.7M | $1.22 | $1.21 to $1.22 | 3 |
| Q3 FY27 | $927.1M | $921.9M to $931.2M | $1.24 | $1.23 to $1.24 | 3 |
| Q4 FY27 | $922.7M | $917.5M to $926.7M | $1.22 | $1.22 to $1.23 | 3 |
| Q1 FY28 | $926.7M | $921.5M to $930.7M | $1.19 | $1.18 to $1.20 | 4 |
| Q2 FY28 | $950.7M | $945.4M to $954.9M | $1.31 | $1.30 to $1.32 | 4 |
Peers
Companies in Real Estate nearest Extra Space Storage's size, closest first.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| EXRExtra Space Storage | $30.3B | 31.7× | 31.0× | 30.4× | 8.8× | +4% | 27.8% |
| IRMIron Mountain | $32.7B | 78.5× | 47.1× | 43.1× | 4.3× | +17% | 5.5% |
| VICIVICI Properties | $26.2B | 9.2× | 14.3× | 8.1× | 6.4× | +4% | 67.5% |
| CBRECBRE | $35.7B | 28.3× | 22.0× | 15.4× | 0.8× | +15% | 3.0% |
| CCICrown Castle | $36.6B | 43.6× | 78.2× | 32.2× | 8.8× | −5% | 20.7% |
| VTRVentas | $44.5B | 161× | 51.7× | 120× | 6.9× | +21% | 4.1% |
| SBACSBA Communications | $19.6B | 19.9× | 81.2× | n/m | 6.8× | +5% | 34.5% |
| VMRKVivmark Residential | $47.3B | 55.3× | 57.3× | n/m | 15.1× | +3% | 28.0% |
| ESSEssex Property Trust | $17.9B | 43.3× | 36.2× | n/m | 9.3× | +5% | 21.5% |
| ORealty Income | $53.8B | 41.5× | 51.5× | 35.4× | 8.9× | +11% | 20.9% |
| HSTHost Hotels & Resorts | $16.9B | 16.6× | 17.1× | n/m | 2.7× | +5% | 16.5% |
| Peer median | $34.2B | 42.4× | 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.
- Ron BaronBaron Capital0.0% of portfoliotrimmed
More on Extra Space Storage
Each number over time
- PE ratio
- Forward PE
- Price to sales ratio
- EV/EBIT
- Price to book ratio
- Dividend yield
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
- #4of 14Real estate stocks with the lowest forward PE
- #4of 13Real estate stocks with the highest dividend yields
- #9of 13Real estate stocks with the fastest expected revenue growth
Its groups
About
- Industry
- REIT - Industrial
- Sector
- Real Estate
Valuation data, not investment advice. Prices as of .