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.

Revenue
+3.65%
EPS
+50.0%
Free cash flow
−27.7%
Total debt
+3.90%

Quarter to September 2026, against a year earlier

159.66 0.46 −0.29%
Market cap
$34.9B
P/E
32.5×
Fwd P/E
32.6×
Dividend yield
4.05%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Extra Space Storage Inc (EXR) Debt to equity

Alert me on Debt to equity

Extra Space Storage Inc's debt to equity at the end of the quarter to 30 September 2026 was 1.0×, up 0.1× from fiscal 2025 (0.9×). Over the past ten years it has ranged from 0.7× (fiscal 2023) to 2.0× (fiscal 2020); the current reading is higher than 27% of that period. That is above the Reit Industrial industry median of 0.8× and above the Real Estate sector median of 0.7×.

Debt to equity, annual

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Annual newest first

Period Debt to equity Change
FY2025 0.9× 11.40%
FY2024 0.8× 16.02%
FY2023 0.7× (60.24%)
FY2022 1.8× 14.24%
FY2021 1.6× (19.60%)
FY2020 2.0× 13.31%
FY2019 1.7× (0.01%)
FY2018 1.7× 3.31%
FY2017 1.7× 0.80%
FY2016 1.7× 11.31%

Quarterly newest first

Period Debt to equity Change
Sep 2026 1.0× 1.19%
Jun 2026 1.0× 3.87%
Mar 2026 0.9× 0.32%
Dec 2025 0.9× 3.77%
43 more quarters

Against its own ten years

Low 0.7× High 2.0×
Ten-year median 1.7×
Current reading's percentile 27

Debt to equity against peers

Company Debt to equity
TRNO Terreno Realty Corporation compare 0.2×
REXR Rexford Industrial Realty, Inc. compare 0.4×
EGP EastGroup Properties, Inc. compare 0.5×
PLD Prologis, Inc. compare 0.6×
PSA Public Storage compare 0.8×
LINE Lineage, Inc. compare 0.8×
FR First Industrial Realty Trust, Inc. compare 0.9×
EXR Extra Space Storage Inc 1.0×
CUBE CubeSmart compare 1.4×
Reit Industrial industry median 0.8×
Real Estate sector median 0.7×
Market median 0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

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