Symbols / EXR Stock $142.09 -0.40% Extra Space Storage Inc.

Real Estate • REIT - Industrial • United States • NYQ
EXR (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Industrial
CEO Mr. Joseph Daniel Margolis J.D.
Exch · Country NYQ · United States
Market Cap 30.01B
Enterprise Value 44.88B
Income 972.26M
Sales 3.45B
FCF (ttm) 1.14B
Book/sh 63.62
Cash/sh 0.67
Employees 8,393
Insider 10d —
IPO Aug 16, 2004
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 141.18%
P/E 30.96
Forward P/E 29.64
PEG 6.13
P/S 8.71
P/B 2.23
P/C —
EV/EBITDA 19.78
EV/Sales 13.02
Quick Ratio 0.12
Current Ratio 0.76
Debt/Eq 98.68
LT Debt/Eq —
EPS (ttm) 4.59
EPS next Y 4.79
EPS Growth 15.80%
Revenue Growth 4.60%
EPS Gr Q/Q 9.50%
Rev Gr Q/Q —
Earnings (next) 2026-04-28
Earnings (prior) 2026-02-19
ROA 3.35%
ROE 7.01%
ROIC —
Gross Margin 75.03%
Oper. Margin 44.45%
Profit Margin 28.26%
Shs Outstand 211.20M
Shs Float 208.76M
Insider Own 0.94%
Instit Own 103.23%
Short Float 3.47%
Short Ratio 4.28
Short Interest 5.36M
52W High 155.19
vs 52W High -8.44%
52W Low 125.71
vs 52W Low 13.03%
Beta 1.27
Impl. Vol. 35.90%
Rel Volume 0.69
Avg Volume 1.29M
Volume 890.14K
Target (mean) $151.75
Tgt Median $150.00
Tgt Low $140.00
Tgt High $178.00
# Analysts 20
Recom Buy
Prev Close $142.66
Price $142.09
Change -0.40%
About

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 December 31, 2025, the Company owned and/or operated 4,281 self-storage stores in 43 states and Washington, D.C. Its stores comprise approximately 2.9 million units and approximately 330.4 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$151.75
Mean price target
2. Current target
$142.09
Latest analyst target
3. DCF / Fair value
$97.40
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$142.09
Low
$140.00
High
$178.00
Mean
$151.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-16 main Wells Fargo Overweight → Overweight $148
2026-03-23 main JP Morgan Neutral → Neutral $144
2026-03-05 main Barclays Overweight → Overweight $170
2026-03-02 main Scotiabank Sector Perform → Sector Perform $156
2026-02-23 main RBC Capital Sector Perform → Sector Perform $153
2026-02-23 main Evercore ISI Group In-Line → In-Line $150
2026-02-05 main Wells Fargo Overweight → Overweight $150
2026-01-20 main Truist Securities Hold → Hold $146
2026-01-12 main Mizuho Outperform → Outperform $143
2026-01-08 main UBS Buy → Buy $148
2026-01-08 down Scotiabank Sector Outperform → Sector Perform $145
2025-12-16 main Truist Securities Hold → Hold $142
2025-12-05 main Mizuho Outperform → Outperform $137
2025-12-05 main Morgan Stanley Equal-Weight → Equal-Weight $152
2025-11-07 main RBC Capital Sector Perform → Sector Perform $146
2025-11-03 main Evercore ISI Group In-Line → In-Line $147
2025-10-03 main Evercore ISI Group In-Line → In-Line $149
2025-09-16 main UBS Buy → Buy $160
2025-09-15 main Evercore ISI Group In-Line → In-Line $147
2025-08-28 main Scotiabank Sector Outperform → Sector Outperform $162
News
RSS: Latest EXR news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-13 MARGOLIS JOSEPH D Chief Executive Officer — 7,500 $142.08 $1,065,600
2026-03-06 MARGOLIS JOSEPH D Chief Executive Officer — 14,452 $0.00 $0
2026-02-27 SONDHI SAMRAT Officer — 9,080 $151.03 $1,371,352
2026-02-27 DICKENS ZACHARY T Officer — 8,938 $151.03 $1,349,906
2026-02-27 SPRINGER WILLIAM NOAH President — 9,744 $151.03 $1,471,636
2026-02-27 HERRINGTON MATTHEW T Chief Operating Officer — 7,753 $151.03 $1,170,936
2026-02-27 NORMAN JEFFREY JAY Chief Financial Officer — 3,443 $151.03 $519,996
2026-02-27 KUNDE GRACE H Officer — 1,292 $151.03 $195,131
2026-02-27 MCNEAL GWYN GOODSON Officer — 4,848 $151.03 $732,193
2026-02-27 MARGOLIS JOSEPH D Chief Executive Officer — 24,279 $151.03 $3,666,857
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
3,377.54
+3.70%
3,256.90
+27.21%
2,560.24
+33.06%
1,924.17
Operating Revenue
3,377.54
+3.70%
3,256.90
+27.21%
2,560.24
+33.06%
1,924.17
Cost Of Revenue
987.02
+9.01%
905.45
+34.96%
670.91
+43.08%
468.90
Reconciled Cost Of Revenue
987.02
+9.01%
905.45
+34.96%
670.91
+43.08%
468.90
Gross Profit
2,390.52
+1.66%
2,351.45
+24.46%
1,889.33
+29.83%
1,455.27
Operating Expense
901.52
-5.15%
950.42
+45.67%
652.46
+56.25%
417.57
Selling General And Administration
186.34
+11.32%
167.40
+14.34%
146.41
+13.27%
129.25
General And Administrative Expense
186.34
+11.32%
167.40
+14.34%
146.41
+13.27%
129.25
Other Gand A
186.34
+11.32%
167.40
+14.34%
146.41
+13.27%
129.25
Total Expenses
1,888.54
+1.76%
1,855.87
+40.24%
1,323.37
+49.29%
886.47
Operating Income
1,489.00
+6.28%
1,401.03
+13.27%
1,236.87
+19.19%
1,037.70
Total Operating Income As Reported
1,412.69
+6.75%
1,323.36
+13.09%
1,170.14
+11.40%
1,050.40
EBITDA
2,414.41
+4.44%
2,311.81
+27.31%
1,815.89
+25.27%
1,449.57
Normalized EBITDA
2,436.20
+2.54%
2,375.75
+26.19%
1,882.62
+31.02%
1,436.87
Reconciled Depreciation
715.18
-8.66%
783.02
+54.73%
506.05
+75.52%
288.32
EBIT
1,699.23
+11.15%
1,528.78
+16.72%
1,309.83
+12.79%
1,161.25
Total Unusual Items
-21.79
+65.92%
-63.94
+4.19%
-66.73
-625.41%
12.70
Total Unusual Items Excluding Goodwill
-21.79
+65.92%
-63.94
+4.19%
-66.73
-625.41%
12.70
Special Income Charges
54.52
+243.35%
-38.03
+43.01%
-66.73
-4210.85%
-1.55
Impairment Of Capital Assets
0.00
-100.00%
51.76
0.00
0.00
Restructuring And Mergern Acquisition
0.00
0.00
-100.00%
66.73
+4210.85%
1.55
Net Income
974.00
+13.96%
854.68
+6.41%
803.20
-6.68%
860.69
Pretax Income
1,064.10
+13.96%
933.71
+7.08%
872.01
-7.44%
942.08
Net Non Operating Interest Income Expense
-471.93
-0.27%
-470.65
-33.34%
-352.96
-135.70%
-149.75
Interest Expense Non Operating
635.13
+6.73%
595.07
+35.92%
437.82
+99.76%
219.17
Net Interest Income
-471.93
-0.27%
-470.65
-33.34%
-352.96
-135.70%
-149.75
Interest Expense
635.13
+6.73%
595.07
+35.92%
437.82
+99.76%
219.17
Interest Income Non Operating
163.20
+31.17%
124.42
+46.63%
84.86
+22.23%
69.42
Interest Income
163.20
+31.17%
124.42
+46.63%
84.86
+22.23%
69.42
Other Income Expense
47.03
+1310.92%
3.33
+128.02%
-11.90
-121.98%
54.13
Gain On Sale Of Security
-76.31
-194.56%
-25.91
—
14.25
Gain On Sale Of Business
54.52
+297.09%
13.73
0.00
0.00
Tax Provision
41.56
+24.14%
33.48
+55.29%
21.56
+3.03%
20.93
Tax Rate For Calcs
0.00
+8.33%
0.00
+44.00%
0.00
+13.64%
0.00
Tax Effect Of Unusual Items
-0.85
+63.08%
-2.30
-37.97%
-1.67
-697.05%
0.28
Net Income Including Noncontrolling Interests
1,022.54
+13.59%
900.23
+5.85%
850.45
-7.68%
921.16
Net Income From Continuing Operation Net Minority Interest
974.00
+13.96%
854.68
+6.41%
803.20
-6.68%
860.69
Net Income From Continuing And Discontinued Operation
974.00
+13.96%
854.68
+6.41%
803.20
-6.68%
860.69
Net Income Continuous Operations
1,022.54
+13.59%
900.23
+5.85%
850.45
-7.68%
921.16
Minority Interests
-48.54
-6.56%
-45.55
+3.61%
-47.26
+21.85%
-60.47
Normalized Income
994.94
+8.58%
916.32
+5.53%
868.26
+2.36%
848.27
Net Income Common Stockholders
972.26
+13.96%
853.19
+6.39%
801.97
-6.69%
859.49
Otherunder Preferred Stock Dividend
1.74
+16.32%
1.50
+21.54%
1.23
+2.41%
1.20
Diluted EPS
4.59
+13.90%
4.03
-14.98%
4.74
-26.05%
6.41
Basic EPS
4.59
+13.90%
4.03
-14.98%
4.74
-26.05%
6.41
Basic Average Shares
211.85
+0.13%
211.58
+25.03%
169.22
+26.23%
134.05
Diluted Average Shares
211.85
+0.13%
211.58
+25.03%
169.22
+19.44%
141.68
Diluted NI Availto Com Stockholders
972.26
+13.96%
853.19
+6.39%
801.97
-11.67%
907.90
Average Dilution Earnings
—
0.00
0.00
-100.00%
48.42
Depreciation Amortization Depletion Income Statement
715.18
-8.66%
783.02
+54.73%
506.05
+75.52%
288.32
Depreciation And Amortization In Income Statement
715.18
-8.66%
783.02
+54.73%
506.05
+75.52%
288.32
Earnings From Equity Interest
68.81
+2.29%
67.27
+22.68%
54.84
+32.36%
41.43
Line Item Trend 2023-12-31
Total Assets
27,456.26
Current Assets
929.72
Cash Cash Equivalents And Short Term Investments
99.06
Cash And Cash Equivalents
99.06
Receivables
739.49
Accounts Receivable
134.72
Other Receivables
10.04
Prepaid Assets
85.15
Restricted Cash
6.02
Total Non Current Assets
26,526.54
Net PPE
275.94
Gross PPE
275.94
Machinery Furniture Equipment
48.70
Other Properties
227.24
Goodwill And Other Intangible Assets
318.39
Goodwill
170.81
Other Intangible Assets
147.58
Investments And Advances
1,371.62
Long Term Equity Investment
1,071.62
Non Current Deferred Assets
9.79
Other Non Current Assets
—
Total Liabilities Net Minority Interest
12,042.31
Current Liabilities
1,087.59
Payables And Accrued Expenses
405.59
Payables
405.59
Accounts Payable
334.52
Dividends Payable
71.07
Current Debt And Capital Lease Obligation
682.00
Current Debt
682.00
Total Non Current Liabilities Net Minority Interest
10,954.73
Long Term Debt And Capital Lease Obligation
10,571.26
Long Term Debt
10,334.75
Long Term Capital Lease Obligation
236.51
Other Non Current Liabilities
383.46
Stockholders Equity
14,390.92
Common Stock Equity
14,390.92
Capital Stock
2.11
Common Stock
2.11
Preferred Stock
0.00
Share Issued
211.28
Ordinary Shares Number
211.28
Treasury Shares Number
0.00
Additional Paid In Capital
14,750.39
Retained Earnings
-379.01
Gains Losses Not Affecting Retained Earnings
17.43
Minority Interest
1,023.03
Other Equity Adjustments
17.43
Total Equity Gross Minority Interest
15,413.95
Total Capitalization
24,725.67
Working Capital
-157.87
Invested Capital
25,407.67
Total Debt
11,253.26
Net Debt
10,917.69
Capital Lease Obligations
236.51
Net Tangible Assets
14,072.53
Tangible Book Value
14,072.53
Financial Assets
26.18
Held To Maturity Securities
300.00
Investment Properties
24,524.62
Investmentin Financial Assets
300.00
Investmentsin Joint Venturesat Cost
1,071.62
Line Of Credit
682.00
Notes Receivable
594.73
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
1,850.19
-1.97%
1,887.43
+34.58%
1,402.47
+13.27%
1,238.14
Cash Flow From Continuing Operating Activities
1,850.19
-1.97%
1,887.43
+34.58%
1,402.47
+13.27%
1,238.14
Net Income From Continuing Operations
1,022.54
+13.59%
900.23
+5.85%
850.45
-7.68%
921.16
Depreciation Amortization Depletion
715.18
-8.66%
783.02
+54.73%
506.05
+75.52%
288.32
Depreciation And Amortization
715.18
-8.66%
783.02
+54.73%
506.05
+75.52%
288.32
Other Non Cash Items
39.78
+23.36%
32.25
+1699.67%
1.79
+106.05%
-29.64
Stock Based Compensation
35.54
+22.58%
28.99
+9.47%
26.48
+23.84%
21.39
Asset Impairment Charge
0.00
-100.00%
51.76
0.00
0.00
Operating Gains Losses
21.79
+78.95%
12.18
—
-14.25
Gain Loss On Investment Securities
76.31
+194.56%
25.91
—
-14.25
Change In Working Capital
-13.86
-128.72%
48.25
+2137.58%
-2.37
-106.23%
38.01
Change In Payables And Accrued Expense
7.30
+656.85%
0.96
-97.25%
35.03
+20.68%
29.03
Change In Other Current Assets
21.15
+236.78%
-15.46
+55.14%
-34.47
-5059.86%
0.69
Change In Other Current Liabilities
-42.30
-167.41%
62.75
+2243.10%
-2.93
-135.34%
8.29
Investing Cash Flow
-814.21
+50.56%
-1,646.92
+9.42%
-1,818.26
-10.30%
-1,648.46
Cash Flow From Continuing Investing Activities
-814.21
+50.56%
-1,646.92
+9.42%
-1,818.26
-10.30%
-1,648.46
Net PPE Purchase And Sale
-21.14
-3.05%
-20.51
-28.26%
-15.99
+29.95%
-22.83
Purchase Of PPE
-21.14
-3.05%
-20.51
-28.26%
-15.99
+29.95%
-22.83
Capital Expenditure
-21.14
-3.05%
-20.51
-28.26%
-15.99
+29.95%
-22.83
Net Investment Purchase And Sale
—
—
—
0.00
Purchase Of Investment
—
—
—
0.00
Net Business Purchase And Sale
164.21
+157.31%
-286.50
+78.98%
-1,362.69
-393.87%
-275.92
Purchase Of Business
-127.11
+57.90%
-301.92
+77.84%
-1,362.69
-393.25%
-276.26
Net Other Investing Changes
-256.17
+62.64%
-685.68
-3194.62%
-20.81
+41.48%
-35.56
Financing Cash Flow
-1,036.10
-412.19%
-202.29
-147.81%
423.13
-2.02%
431.86
Cash Flow From Continuing Financing Activities
-1,036.10
-412.19%
-202.29
-147.81%
423.13
-2.02%
431.86
Net Issuance Payments Of Debt
584.50
-53.67%
1,261.49
-19.86%
1,574.02
+14.36%
1,376.41
Issuance Of Debt
17,833.14
+78.58%
9,985.93
+15.27%
8,663.00
+55.14%
5,584.11
Repayment Of Debt
-17,248.64
-97.70%
-8,724.44
-23.07%
-7,088.98
-68.48%
-4,207.70
Long Term Debt Issuance
17,833.14
+78.58%
9,985.93
+15.27%
8,663.00
+55.14%
5,584.11
Net Long Term Debt Issuance
584.50
-53.67%
1,261.49
-19.86%
1,574.02
+14.36%
1,376.41
Net Common Stock Issuance
-149.55
-41072.05%
0.36
0.00
+100.00%
-63.01
Common Stock Payments
-149.55
0.00
0.00
+100.00%
-63.01
Common Stock Dividend Paid
-1,374.30
+0.05%
-1,375.00
-31.41%
-1,046.34
-29.93%
-805.31
Cash Dividends Paid
-1,374.30
+0.05%
-1,375.00
-31.41%
-1,046.34
-29.93%
-805.31
Repurchase Of Capital Stock
-149.55
0.00
+100.00%
-5.38
+92.04%
-67.51
Proceeds From Stock Option Exercised
—
—
0.00
0.00
Net Other Financing Charges
-96.76
-8.55%
-89.14
+10.11%
-99.17
-38.25%
-71.73
Changes In Cash
-0.12
-100.32%
38.22
+420.14%
7.35
-65.89%
21.54
Beginning Cash Position
143.30
+36.37%
105.08
+7.52%
97.73
+28.27%
76.19
End Cash Position
143.18
-0.09%
143.30
+36.37%
105.08
+7.52%
97.73
Free Cash Flow
1,829.05
-2.03%
1,866.92
+34.65%
1,386.48
+14.08%
1,215.31
Interest Paid Supplemental Data
564.66
+13.06%
499.42
+47.52%
338.55
+71.79%
197.07
Income Tax Paid Supplemental Data
—
33.77
+48.43%
22.75
+20.02%
18.96
Common Stock Issuance
0.00
-100.00%
0.36
0.00
0.00
Dividend Received CFO
29.22
-4.95%
30.75
+53.27%
20.06
+52.41%
13.16
Earnings Losses From Equity Investments
-54.52
-297.09%
-13.73
0.00
0.00
Issuance Of Capital Stock
0.00
-100.00%
0.36
0.00
0.00
Net Investment Properties Purchase And Sale
-701.11
-7.17%
-654.23
-56.23%
-418.76
+68.13%
-1,314.14
Net Preferred Stock Issuance
0.00
0.00
+100.00%
-5.38
-19.49%
-4.50
Preferred Stock Payments
0.00
0.00
+100.00%
-5.38
-19.49%
-4.50
Purchase Of Investment Properties
-1,069.29
-37.24%
-779.15
-85.12%
-420.89
+68.90%
-1,353.51
Sale Of Business
291.31
+1790.04%
15.41
0.00
-100.00%
0.34
Sale Of Investment Properties
368.18
+194.72%
124.93
+5759.66%
2.13
-94.58%
39.37
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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