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

159.98 1.06 −0.66%
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) Free cash flow margin

Alert me on Free cash flow margin

Extra Space Storage Inc's free cash flow margin over the twelve months to 30 September 2026 was 30.4%, down 3.0 percentage points from fiscal 2025 (33.4%). Over the past ten years it has ranged from −51.9% (fiscal 2016) to 37.8% (fiscal 2023); the current reading is higher than 82% of that period. That is above the Reit Industrial industry median of 18.6% and above the Real Estate sector median of 9.51%.

Free cash flow margin, annual

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Annual newest first

Period Free cash flow margin Change (points)
FY2025 33.4% (3.83)
FY2024 37.2% (0.57)
FY2023 37.8% 42.94
FY2022 −5.14% (19.85)
FY2021 14.7% (16.31)
FY2020 31.0% 7.48
FY2019 23.5% 3.58
FY2018 20.0% 0.34
FY2017 19.6% 71.51
FY2016 −51.9% (49.83)

Against its own ten years

Low −51.9% High 37.8%
Ten-year median 20.0%
Current reading's percentile 82

Free cash flow margin against peers

Company Free cash flow margin
TRNO Terreno Realty Corporation compare 55.6%
PSA Public Storage compare 48.6%
CUBE CubeSmart compare 43.6%
EXR Extra Space Storage Inc 30.4%
PLD Prologis, Inc. compare 28.9%
REXR Rexford Industrial Realty, Inc. compare 26.8%
LINE Lineage, Inc. compare 6.13%
EGP EastGroup Properties, Inc. compare 2.62%
FR First Industrial Realty Trust, Inc. compare −3.03%
Reit Industrial industry median 18.6%
Real Estate sector median 9.51%
Market median 0.00%

What Free cash flow margin is

Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.

(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue

The full definition of Free cash flow margin →

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