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Extra Space Storage(NYSE) EXR

Market Cap$31.28BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2004)+2,836%
5 Year+4%
1 Year+15%
1 Month+1%
$149.50
+0.99%
+1.46Today
Extra Space Storage last closing stock price
MetricPriceDate
Last closeUSD 148.042026-07-31
Extra Space Storage stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.22%USD 147.712026-07-24
1 month+0.51%USD 147.292026-07-01
3 month+5.37%USD 140.492026-05-01
Year to date+16.25%USD 127.342025-12-31
1 year+15.31%USD 128.382025-07-31
3 year+21.89%USD 121.462023-08-01
5 year+3.8%USD 142.632021-07-30
Since inception+2,835.53%USD 5.042004-08-12

Extra Space Storage Financials at a Glance

Market Cap

$31.28BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$3.43B

Net Income (TTM)

$957.84M

EPS (TTM)

$4.47

P/E Ratio

33.53

Dividend

$6.48

Beta (Volatility)

0.75 (Low)

Price

$149.50

Volume

609,813.612

Open

$149.00

Previous Close

$148.04

Daily Range

$148.88 - $150.87

52-Week Range

$125.71 - $158.88

Estimated Earnings Date

Nov 4, 2026

EXR News

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REITs vs. Stocks: Everything You Need to Know

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Should You Buy Extra Space Storage Stock Before Feb. 19?

Micah ZimmermanFeb 17, 2026
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Extra Space Storage Reports Mixed Q4

Motley Fool Markets TeamFeb 26, 2025
moving storage space new home.jpg

Extra Space Storage Q2 Earnings Mixed

Motley Fool Markets TeamJul 30, 2024
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Is It Too Late to Buy These 3 Brilliant Passive Income Stocks?

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Beat the Nasdaq? This Dividend Stock Has Actually Done It

Marc RapportJul 13, 2023
Page 1

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About Extra Space Storage

Extra Space helps people and businesses find secure places to store their belongings. The company manages thousands of locations across the country for short-term rental. It makes storage simple for customers who are moving or need extra room.

What Extra Space Offers

  • Self-Storage Operations: Rental of units for personal or business use; includes property management and storage for boats and RVs.
  • Tenant Reinsurance: Insurance coverage for goods kept in storage units to protect customers against loss.
  • Management Services: Professional oversight of storage sites owned by third parties to earn fee income.
  • Bridge Lending: Short-term financing for other storage owners to help them grow or buy properties.

Recent Strategic Moves

  • Sold 37 stores for $305.8 million during the fiscal year ended December 31, 2025.
  • Issued 131,027 Operating Partnership units in 2025 to fund growth and manage capital.
  • Purchased stores directly from developers upon completion to secure modern, high-quality assets.
  • Repurchased 1,158,244 shares of common stock for $149.5 million during 2025.

What Makes the Company Stand Out

Extra Space is the largest self-storage management company in the United States and the second-largest owner in the industry. It uses advanced technology and online marketing to match rental rates to local demand in real time.

Financial Performance Highlights

  • Revenue reached $918.4 million in Q4 2025, up 9.3% from Q4 2024.
  • Operating income rose to $447.2 million in Q4 2025, an increase of 17.7% year-over-year.
  • Net income grew to $283.5 million in Q4 2025, up 8% from the previous year.
  • Free cash flow was $362.4 million in Q4 2025, down 10.2% compared to Q4 2024.
  • The company managed 1,856 stores for third-party owners as of December 31, 2025.

Bottom Line

Extra Space has grown from a regional operator into the nation's leading storage management firm. Its mix of direct ownership, third-party management, and lending creates a diversified platform in the real estate market.

AI Generated • Apr 19, 2026

Industry

Specialized REITs

Sector

Real Estate

Employees

8,393

CEO

Joseph D. Margolis

Website

www.extraspace.com

Headquarters

Salt Lake City, UT 84121, US

EXR Financials

Key Financial Metrics (TTM)

Gross Margin

23.00%

Operating Margin

43.37%

Net Income Margin

27.96%

Return on Equity

7.14%

Return on Capital

5.24%

Return on Assets

3.23%

Earnings Yield

2.98%

Dividend Yield

4.38%

Payout Ratio

1.43%

Stock Overview

Market Cap

$31.28BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

211.26M

Volume

609.81K

Avg. Volume

1.18M

Financials (TTM)

Gross Profit

$788.09M

Operating Income

$1.49B

EBITDA

$3.16B

Operating Cash Flow

$1.90B

Capital Expenditure

$2.97M

Free Cash Flow

$1.90B

Cash & ST Invst.

$695.17M

Total Debt

$14.41B

Extra Space Storage Performance Analysis

Extra Space Storage annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 1,924,170,00022.0%
20232023-12-31USD 2,560,244,00033.1%
20242024-12-31USD 3,256,902,00027.2%
20252025-12-31USD 3,377,542,0003.7%
Extra Space Storage sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-7.6%
Q42025-12-3118.1%
Q12026-03-31-6.8%
Q22026-06-302.1%
Extra Space Storage annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 6.413.5%
20232023-12-31USD 4.74-26.0%
20242024-12-31USD 4.03-14.9%
20252025-12-31USD 4.5913.8%
Extra Space Storage sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-33.9%
Q42025-12-3166.7%
Q12026-03-31-12.3%
Q22026-06-309.6%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$874.15M

+3.9%

Gross Profit

$439.50M

-26.4%

Gross Margin

50.28%

N/A

Market Cap

$31.28BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$3.73M

N/A

Employees

8,393

N/A

Net Income

$263.47M

+5.5%

EBITDA

$522.28M

-14.3%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$695.17M

+455.9%

Total Debt

$14.41B

+5.6%

Accounts Receivable

$0.00

-100.0%

Inventory

$0.00

N/A

Long Term Debt

$12.80B

-1.1%

Short Term Debt

$1.62B

+129.0%

Return on Assets

3.23%

N/A

Return on Invested Capital

5.38%

N/A

Free Cash Flow

$690.15M

+27.9%

Operating Cash Flow

$586.41M

+7.8%

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Questions About EXR

What is the current price of Extra Space Storage?

Extra Space Storage is trading at $149.04 per share.

What is the 52-week range for Extra Space Storage?

Over the past 52 weeks, Extra Space Storage has traded between $125.71 and $158.88.

How much debt does Extra Space Storage have?

As of the most recent reporting period, Extra Space Storage reported total debt of $14.41B.

How much cash does Extra Space Storage have on hand?

Extra Space Storage reported $695.17M in cash and cash equivalents in its most recent financial results.

What is Extra Space Storage’s dividend yield?

Extra Space Storage currently has a dividend yield of 4.38%.

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