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) P/B ratio

Alert me on P/B ratio

As of 16 October 2026, Extra Space Storage Inc (EXR) trades at a P/B ratio of 2.1×. Over the past ten years it has ranged from 1.3× (October 2023) to 8.9× (December 2021); the current reading is higher than 12% of that period. That is above the Reit Industrial industry median of 1.8× and above the Real Estate sector median of 1.0×.

P/B ratio, daily

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Annual newest first

Period P/B ratio Change
FY2025 1.9× (9.59%)
FY2024 2.1× 18.02%
FY2023 1.8× (61.95%)
FY2022 4.7× (40.62%)
FY2021 8.0× 56.25%
FY2020 5.1× 10.30%
FY2019 4.6× 13.16%
FY2018 4.1× 3.36%
FY2017 4.0× 6.73%
FY2016 3.7× (16.66%)

Quarterly newest first

Period P/B ratio Change
Jun 2026 2.2× 11.12%
Mar 2026 1.9× 1.03%
Dec 2025 1.9× (6.55%)
Sep 2025 2.1× (3.21%)
42 more quarters

Against its own ten years

Low 1.3× High 8.9×
Ten-year median 4.2×
Current reading's percentile 13

P/B ratio against peers

Company P/B ratio
LINE Lineage, Inc. compare 0.9×
REXR Rexford Industrial Realty, Inc. compare 1.1×
TRNO Terreno Realty Corporation compare 1.5×
EXR Extra Space Storage Inc 2.1×
FR First Industrial Realty Trust, Inc. compare 2.7×
EGP EastGroup Properties, Inc. compare 2.9×
CUBE CubeSmart compare 3.4×
PSA Public Storage compare 10.6×
PLD Prologis, Inc. compare 26.5×
Reit Industrial industry median 1.8×
Real Estate sector median 1.0×
Market median 1.7×

What P/B ratio is

Price to Book Value tells an investor how much the market pays for a company’s shares relative to the accounting net worth that belongs to common shareholders.

Stock Price ÷ (Common Equity (Total) (latest quarter) ÷ Shares (Basic, Weighted) (latest quarter))

The full definition of P/B ratio →

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