Extra Space Storage Inc EXR

133.35 1.12 0.85% as of 25 Sep
Market cap
$29.2B
P/E
29.4×
Indexes indicate stock being part of an index,
Growth Flags show if company had growth for consecutive years

Extra Space Storage Inc (EXR) Gross margin

Extra Space Storage Inc's gross margin over the twelve months to 30 June 2026 was 70.8%, down 0.0 percentage points from fiscal 2025 (70.8%). Over the past ten years it has ranged from 70.8% (fiscal 2025) to 75.6% (fiscal 2022) — the current reading is the lowest in ten years. That is in line with the Reit Industrial industry median of 73.8% and above the Real Estate sector median of 66.1%.

Gross margin, annual

Annual

Period Gross margin Change (points)
FY2025 70.8% (1.42)
FY2024 72.2% (1.60)
FY2023 73.8% (1.83)
FY2022 75.6% 0.87
FY2021 74.8% 3.30
FY2020 71.5% (0.61)
FY2019 72.1% (1.40)
FY2018 73.5% (0.18)
FY2017 73.7% 0.42
FY2016 73.2% 0.97

Quarterly

Period Gross margin Change (points)
Jun 2026 71.5% 1.44
Mar 2026 70.1% (0.95)
Dec 2025 71.0% 0.52
Sep 2025 70.5% (0.44)
42 more quarters

Against its own ten years

Low 70.8% High 75.6%
Ten-year median 73.2%
Current reading's percentile 9

Gross margin against peers

Company Gross margin
STAG Stag Industrial, Inc. compare 79.6%
REXR Rexford Industrial Realty, Inc. compare 76.8%
TRNO Terreno Realty Corporation compare 76.2%
FR First Industrial Realty Trust, Inc. compare 73.8%
EGP EastGroup Properties, Inc. compare 73.7%
PSA Public Storage compare 72.5%
EXR Extra Space Storage Inc 70.8%
CUBE CubeSmart compare 67.8%
LINE Lineage, Inc. compare 32.0%
Reit Industrial industry median 73.8%
Real Estate sector median 66.1%
Market median 46.3%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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