Extra Space Storage Inc

EXR Real Estate Reit Industrial

Extra Space Storage Inc’s revenue for fiscal 2025 (year ended December 2025) was $3.4 billion, up 3.70% from fiscal 2024. In the quarter to June 2026, revenue grew 3.87%, EPS grew 5.93%, free cash flow grew 60.4% and total debt rose 5.75%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for ten.

139.61 1.92 +1.39%
Market cap
$30.4B
P/E
30.8×
Fwd P/E
31.3×
Dividend yield
4.64%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Dec '16 Dec '17 Dec '18 Dec '19 Dec '20 Dec '21 Dec '22 Dec '23 Dec '24 Dec '25
Piotroski F-Score
7 8 4 5 5 7 6 4 5 5
P/E ratio
26.48 22.61 27.59 32.30 31.06 36.57 22.48 33.28 37.03 28.31
P/S ratio
9.72 9.77 9.53 10.35 11.07 19.17 10.05 10.87 9.72 8.17
P/FCF ratio
0.00 49.79 47.76 43.97 35.67 130.36 0.00 28.75 26.10 24.46
P/Operating CF
62.95 73.05 76.69 82.96 79.85 135.50 66.67 76.32 77.52 75.01
P/B ratio
3.71 3.96 4.10 4.63 5.11 7.99 4.74 1.80 2.13 1.93
Price to Tangible BV
3.71 3.96 4.10 4.63 5.11 7.99 4.74 1.80 2.13 1.93
EV/Sales
14.00 13.81 13.49 14.15 15.21 22.90 13.81 15.13 13.46 12.04
EV/EBITDA
21.24 17.75 19.15 21.36 22.92 29.41 19.73 22.85 20.65 19.01
EV/Operating CF
25.75 25.55 23.82 26.17 26.75 37.93 21.47 27.62 23.22 21.99
EV/FCF
(26.98) 70.40 67.59 60.13 49.03 155.73 (268.94) 40.03 36.15 36.06
Quick Ratio
0.73 0.90 0.72 0.64 0.98 0.50 0.54 0.30 0.40 0.39
Current Ratio
0.73 0.90 0.72 0.64 0.98 0.50 0.54 0.30 0.40 0.39
Net Debt/EBITDA
6.50 5.20 5.62 5.74 6.24 4.79 5.37 6.44 5.74 6.12
Debt/Assets
60.72% 61.04% 61.31% 59.15% 61.16% 56.88% 60.25% 40.12% 42.71% 45.21%
Debt/Equity
1.66 1.67 1.73 1.73 1.96 1.57 1.80 0.71 0.83 0.92
Asset Turnover
0.15 0.15 0.16 0.16 0.15 0.16 0.17 0.13 0.12 0.12
Operating CF/Net income
1.47 1.25 1.63 1.69 1.60 1.15 1.44 1.75 2.21 1.90
Capex/Depreciation
(5.39) (1.85) (1.97) (1.72) (1.50) (2.85) (4.50) (0.83) (0.84) (0.99)
Interest Coverage
3.31 4.13 3.38 3.32 3.87 5.87 4.79 2.67 2.22 2.22
ROE
14.74% 18.01% 15.08% 14.72% 16.45% 24.59% 21.86% 8.24% 5.65% 6.68%
ROA
5.56% 6.58% 5.43% 5.13% 5.37% 8.32% 7.59% 4.05% 3.04% 3.35%
ROIC
4.18% 5.69% 5.15% 5.03% 4.87% 6.31% 5.80% 2.78% 3.06% 3.22%
Return on Tangible Assets
5.43% 6.73% 5.56% 5.49% 6.10% 9.43% 8.66% 3.30% 3.51% 3.93%
Average Days of Receivables
6.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Research and Development Expense of Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Selling, General and Administrative Expense of Revenue
8.25% 7.15% 6.79% 6.83% 7.12% 6.48% 6.72% 5.72% 5.14% 5.52%
Intangible Assets out of Total Assets
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Share Based Compensation of Revenue
0.00% 0.00% 0.93% 1.00% 1.20% 1.10% 1.11% 1.03% 0.89% 1.05%
Graham Net Nets
(0.46) (0.43) (0.44) (0.41) (0.42) (0.22) (0.41) (0.43) (0.44) (0.54)
Graham Number
36.86 42.94 40.38 40.95 43.61 62.93 66.29 100.62 79.90 83.65
Earnings Yield
3.78% 4.42% 3.63% 3.10% 3.22% 2.73% 4.45% 3.00% 2.70% 3.53%
Free Cash Flow Yield
(5.34%) 2.01% 2.09% 2.27% 2.80% 0.77% (0.51%) 3.48% 3.83% 4.09%
Revenue per Share
7.93 8.77 9.49 10.21 10.47 11.83 14.35 15.13 15.39 15.94
Operating CF per Share
4.31 4.74 5.38 5.52 5.95 7.14 9.24 8.29 8.92 8.73
Capex per Share
(8.43) (3.02) (3.48) (3.12) (2.71) (5.40) (9.97) (2.57) (3.19) (3.41)
Free Cash Flow per Share
(4.11) 1.72 1.89 2.40 3.25 1.74 (0.74) 5.72 5.73 5.32
Cash per Share
0.46 0.68 0.58 0.55 0.99 0.53 0.69 0.59 0.65 0.66
Shareholders Equity per Share
20.75 21.62 22.09 22.79 22.67 28.39 30.42 91.09 70.23 67.61
Interest Debt per Share
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Book value per Share
20.75 21.62 22.09 22.79 22.67 28.39 30.42 91.09 70.23 67.61
Free Cash Flow
(514.69) 216.79 238.89 307.97 420.72 231.98 (98.84) 967.72 1,212.69 1,127.95
Working Capital
(27.03) (10.04) (28.77) (40.65) (2.00) (71.16) (78.81) (235.46) (208.30) (218.66)
Capital Expenditures
(1,053.96) (380.58) (438.90) (399.72) (350.52) (720.45) (1,336.97) (434.75) (674.74) (722.25)
Net Current Asset Value
(4,420.93) (4,651.10) (4,989.87) (5,539.95) (6,331.71) (6,617.37) (7,996.32) (11,943.25) (13,850.34) (14,801.09)
EV/EBIT
30.30 23.32 26.06 29.16 30.97 37.02 25.31 33.10 33.12 28.80
Capex to Sales
1.06 0.34 0.37 0.31 0.26 0.46 0.69 0.17 0.21 0.21
Price to Operating Income
21.03 16.49 18.41 21.33 22.53 30.99 18.41 23.77 23.92 19.53
Other line items
Depreciation/Fixed assets
0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.02 0.03 0.03
Cash ROIC
(7.39%) 2.94% 3.11% 3.83% 4.78% 2.36% (0.86%) 3.65% 4.44% 4.07%
Accounts Receivable Turnover
105.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accounts Payable Turnover
2.89 2.95 3.21 3.43 3.21 2.92 2.99 2.65 2.66 2.80
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Days of Payables
139.35 120.46 116.68 111.25 122.59 130.46 133.64 181.99 139.69 132.23
Days of Inventory on Hand
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Average Receivables
9.41 — — — — — — — — —
Average Payables
92.04 98.74 98.77 106.42 120.70 136.15 156.98 253.10 340.52 352.05
Average Assets
6,581.43 7,276.20 7,654.47 8,190.18 8,964.11 9,935.16 11,320.97 19,811.86 28,152.10 29,055.99
Average Common Equity
2,484.39 2,659.99 2,754.61 2,853.56 2,928.91 3,361.05 3,932.13 9,746.11 15,136.66 14,591.70

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Columns are period end dates