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

Extra Space Storage Inc (EXR) EV/EBITDA

Alert me on EV/EBITDA

As of 16 October 2026, Extra Space Storage Inc (EXR) trades at a EV/EBITDA of 19.7×. Over the past ten years it has ranged from 16.5× (October 2018) to 33.4× (March 2016); the current reading is higher than 22% of that period. That is above the Reit Industrial industry median of 18.7× and above the Real Estate sector median of 15.2×.

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
Jun 2026 20.3× 5.83%
Mar 2026 19.2× 0.74%
Dec 2025 19.0× (3.52%)
Sep 2025 19.7× (1.14%)
42 more quarters

Against its own ten years

Low 16.5× High 33.4×
Ten-year median 21.4×
Current reading's percentile 22

EV/EBITDA against peers

Company EV/EBITDA
LINE Lineage, Inc. compare 12.6×
REXR Rexford Industrial Realty, Inc. compare 16.7×
CUBE CubeSmart compare 17.4×
PSA Public Storage compare 18.5×
FR First Industrial Realty Trust, Inc. compare 19.5×
EXR Extra Space Storage Inc 19.7×
PLD Prologis, Inc. compare 21.2×
EGP EastGroup Properties, Inc. compare 22.9×
TRNO Terreno Realty Corporation compare 25.3×
Reit Industrial industry median 18.7×
Real Estate sector median 15.2×
Market median 11.0×

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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