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

158.94 1.18 −0.74%
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) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, Extra Space Storage Inc (EXR) trades at a EV/EBITDA of 20.6×. Over the past ten years it has ranged from 16.5× (October 2018) to 33.4× (March 2016); the current reading is higher than 40% of that period. That is in line with the Reit Industrial industry median of 19.8× and above the Real Estate sector median of 15.5×.

EV/EBITDA, daily

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Annual newest first

Period EV/EBITDA Change
FY2025 19.0× (7.93%)
FY2024 20.6× (9.65%)
FY2023 22.9× 15.84%
FY2022 19.7× (32.92%)
FY2021 29.4× 28.31%
FY2020 22.9× 7.29%
FY2019 21.4× 11.53%
FY2018 19.2× 7.93%
FY2017 17.7× (16.45%)
FY2016 21.2× (33.86%)

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 18.0× (11.16%)
Jun 2026 20.3× 5.83%
Mar 2026 19.2× 0.74%
Dec 2025 19.0× (3.52%)
43 more quarters

Against its own ten years

Low 16.5× High 33.4×
Ten-year median 21.4×
Current reading's percentile 40

EV/EBITDA against peers

Company EV/EBITDA
LINE Lineage, Inc. compare 13.8×
REXR Rexford Industrial Realty, Inc. compare 15.7×
FR First Industrial Realty Trust, Inc. compare 18.2×
CUBE CubeSmart compare 19.3×
EXR Extra Space Storage Inc 20.6×
PLD Prologis, Inc. compare 21.2×
PSA Public Storage compare 22.3×
EGP EastGroup Properties, Inc. compare 22.6×
TRNO Terreno Realty Corporation compare 26.4×
Reit Industrial industry median 19.8×
Real Estate sector median 15.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

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