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) Operating margin

Extra Space Storage Inc's operating margin over the twelve months to 30 June 2026 was 40.9%, down 0.9 percentage points from fiscal 2025 (41.8%). Over the past ten years it has ranged from 37.7% (fiscal 2015) to 61.9% (fiscal 2021); the current reading is higher than 27% of that period. That is in line with the Reit Industrial industry median of 39.9% and above the Real Estate sector median of 18.8%.

Operating margin, annual

Annual

Period Operating margin Change (points)
FY2025 41.8% 1.20
FY2024 40.6% (5.07)
FY2023 45.7% (8.89)
FY2022 54.6% (7.28)
FY2021 61.9% 12.75
FY2020 49.1% 0.59
FY2019 48.5% (3.26)
FY2018 51.8% (7.43)
FY2017 59.2% 13.01
FY2016 46.2% 8.54

Quarterly

Period Operating margin Change (points)
Jun 2026 44.9% 1.92
Mar 2026 42.9% (0.31)
Dec 2025 43.3% 10.74
Sep 2025 32.5% (11.92)
42 more quarters

Against its own ten years

Low 37.7% High 61.9%
Ten-year median 48.5%
Current reading's percentile 27

Operating margin against peers

Company Operating margin
PSA Public Storage compare 45.3%
FR First Industrial Realty Trust, Inc. compare 41.6%
TRNO Terreno Realty Corporation compare 41.4%
EXR Extra Space Storage Inc 40.9%
EGP EastGroup Properties, Inc. compare 40.5%
CUBE CubeSmart compare 39.9%
REXR Rexford Industrial Realty, Inc. compare 39.3%
STAG Stag Industrial, Inc. compare 37.6%
LINE Lineage, Inc. compare 3.57%
Reit Industrial industry median 39.9%
Real Estate sector median 18.8%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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