YOLFTbeta
Extra Space Storage Inc

Extra Space Storage Inc

EXR · NYSE · Real Estate / REIT - Industrial

158.50USD+0.30 (+0.19%)

Price History

Full chart

Market Stats

Previous Close158.20
Open159.15
Day Range158.20 – 160.02
52-Week Range120.04 – 157.03
Volume885.20K
Market Cap31.65B
P/E (TTM)31.66
Forward P/E30.30
EPS4.53
Dividend Yield4.52%
Beta1.17
50-Day Avg138.60
200-Day Avg142.16

About

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2026, the Company owned and/or operated 4,410 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 3.0 million units and approximately 341.0 million square feet of rentable space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage, and business storage. It is the largest operator of self-storage properties in the United States. Extra Space Storage Inc. was incorporated in 1977 in Maryland, USA.

Company Details

  • SectorReal Estate
  • IndustryREIT - Industrial
  • CEOMr. Joseph Daniel Margolis J.D.
  • Employees8.39K
  • Headquarters2795 East Cottonwood Parkway, Salt Lake City, UT, United States, 84121-7033, USA
  • Websitehttps://www.extraspace.com

Leadership

  • Mr. Joseph Daniel Margolis J.D.CEO & Director · b. 1961
  • Mr. W. Noah SpringerPresident · b. 1980
  • Mr. Jeffrey NormanExecutive VP & CFO · b. 1981
  • Mr. Zachary DickensExecutive VP & Chief Investment Officer · b. 1975
  • Mr. Samrat SondhiExecutive VP & Chief Digital Officer · b. 1975
  • Mr. Matthew T. HerringtonExecutive VP & COO · b. 1981
  • Ms. Grace KundeSenior VP of Accounting & Finance and Corporate Controller · b. 1975
  • Ms. Gwyn Goodson McNeal J.D.Executive VP & Chief Legal Officer · b. 1969
  • Mr. Timothy ArthursSenior Vice President of Operations · b. 1959
  • Mr. Jared ConleyVice President of Financial Planning Analysis

Financials

Income Statement

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue22.81M31.56M36.26M65.97M134.73M197.26M238.87M273.25M280.48M281.50M329.83M420.25M532.27M657.70M794.62M1.00B1.12B1.21B1.32B1.38B1.61B1.97B2.62B3.34B3.38B
Growth (%)-+38.33%+14.90%+81.93%+104.22%+46.42%+21.09%+14.40%+2.64%+0.36%+17.17%+27.42%+26.65%+23.57%+20.82%+26.45%+11.50%+8.10%+8.97%+4.46%+16.77%+22.11%+33.04%+27.64%+1.19%
Cost of Revenue-25.15M34.90M16.96M30.56M64.34M155.07M89.59M88.94M92.67M101.62M127.25M157.65M183.83M206.47M252.69M276.74M301.25M340.32M358.77M379.30M423.35M594.00M790.79M2.42B
Gross Profit22.81M31.56M36.26M49.01M104.17M132.92M238.87M183.66M191.54M188.83M228.21M293.01M374.61M473.87M588.15M752.08M843.60M909.81M979.41M1.02B1.23B1.54B2.02B2.55B960.17M
Gross Margin100.00%100.00%100.00%74.29%77.32%67.38%100.00%67.21%68.29%67.08%69.19%69.72%70.38%72.05%74.02%74.85%75.30%75.13%74.21%73.98%76.44%78.46%77.29%76.31%28.43%
Operating Expense20.23M25.15M34.90M37.86M71.82M73.27M155.07M91.72M119.65M98.01M112.73M135.77M161.13M195.40M293.50M302.24M302.00M290.10M344.45M353.66M254.46M491.85M850.94M1.22B-528.83M
Operating Income2.58M6.41M1.36M11.15M32.35M59.65M83.80M91.94M71.89M90.81M115.48M157.24M213.48M278.47M294.66M449.84M541.61M619.70M634.96M666.14M975.95M1.05B1.17B1.32B1.49B
Operating Margin11.32%20.32%3.76%16.90%24.01%30.24%35.08%33.65%25.63%32.26%35.01%37.42%40.11%42.34%37.08%44.77%48.34%51.17%48.11%48.32%60.63%53.44%44.75%39.65%44.09%
EBITDA5.69M12.06M8.17M52.10M63.36M96.82M39.80M54.42M145.40M144.40M174.75M242.55M320.37M404.08M509.87M661.40M750.23M812.40M864.88M894.87M1.11B1.37B1.80B2.27B2.41B
EBITDA Margin24.93%38.23%22.53%78.97%47.03%49.08%16.66%19.91%51.84%51.30%52.98%57.72%60.19%61.44%64.16%65.83%66.96%67.08%65.54%64.91%68.92%69.56%68.75%67.86%71.48%
Net Income-4.92M-9.54M-18.33M-18.46M-4.97M14.88M36.09M46.89M31.98M26.33M50.45M117.31M172.08M178.35M189.47M366.13M479.01M415.29M419.97M481.78M827.65M860.69M803.20M854.68M974.00M
Net Income Margin-21.58%-30.24%-50.55%-27.99%-3.69%7.54%15.11%17.16%11.40%9.35%15.30%27.91%32.33%27.12%23.84%36.44%42.76%34.29%31.82%34.95%51.42%43.79%30.71%25.61%28.84%
R&D-------1.73M19.01M1.24M2.90M00000.440.450.390.330.410.550.490.34--
R&D as % of Total Revenue-------0.63%6.78%0.44%0.88%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense00011.15M42.55M50.95M61.02M64.61M69.82M65.78M69.06M72.29M73.03M84.01M98.99M138.46M158.61M183.12M191.27M172.30M166.18M219.17M437.82M595.07M635.13M
Interest Expense % of Total Revenue0.00%0.00%0.00%16.90%31.58%25.83%25.54%23.65%24.89%23.37%20.94%17.20%13.72%12.77%12.46%13.78%14.16%15.12%14.49%12.50%10.32%11.15%16.74%17.83%18.80%

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets298.82M332.29M301.12M748.48M1.42B1.67B2.05B2.29B2.41B2.25B2.52B3.22B3.98B4.42B6.07B7.09B7.46B7.85B8.53B9.40B10.47B12.17B27.46B28.85B29.26B
Total Liabilities-282.51M267.67M483.42M903.83M991.11M1.37B1.36B1.46B1.31B1.44B1.68B2.05B2.49B3.70B4.50B4.73B5.06B5.61B6.46B6.69B8.09B12.04B13.99B14.94B
Total Equity-27.52M-5.10M243.61M480.13M643.55M619.92M872.46M884.18M881.40M1.07B1.49B1.76B1.74B2.09B2.24B2.35B2.41B2.54B2.55B3.79B4.08B14.39B13.95B13.43B
Cash-7.52M11.75M24.33M28.65M70.80M17.38M63.97M131.95M46.75M26.48M30.79M126.72M47.66M75.80M43.86M55.68M57.50M65.75M109.12M71.13M92.87M99.06M138.22M138.92M
Total Debt--547.62M511.98M866.78M948.17M1.32B1.09B1.40B1.25B1.36B1.58B1.95B2.37B3.54B4.31B4.55B4.81B5.32B6.01B6.56B8.42B11.25B13.03B14.97B
Net Debt--535.87M487.65M838.13M877.37M1.30B1.03B1.27B1.20B1.33B1.55B1.82B2.32B3.46B4.26B4.50B4.75B5.26B5.90B6.12B7.47B11.15B12.89B14.83B

Cash Flow

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow-4.46M1.61M-5.34M-6.16M14.77M74.52M101.33M96.66M81.17M104.81M144.16M215.88M271.26M337.58M367.33M539.26M597.38M677.79M707.69M771.23M952.44M1.24B1.40B1.89B1.85B
Investing Cash Flow-11.38M-69.25M-57.76M-261.30M-614.83M-239.78M-253.58M-222.75M-104.41M-83.71M-251.92M-606.94M-366.98M-564.95M-1.63B-1.03B-369.56M-443.90M-621.63M-955.43M-837.54M-1.65B-1.82B-1.65B-814.21M
Financing Cash Flow21.44M66.86M68.38M280.04M604.39M207.41M98.82M172.69M91.22M-106.31M87.49M395.36M191.66M148.31M1.29B460.83M-215.99M-247.25M-88.01M241.47M-166.71M431.86M423.13M-202.29M-1.04B
Capital Expenditure0158.00K177.81M266.78M101.70M210.78M1.07M2.34M39.33M1.95M5.02M3.37M6.52M4.83M7.38M4.97M7.82M4.30M7.76M7.09M3.66M22.83M116.17M20.51M21.14M
Free Cash Flow-4.46M1.61M-8.53M-272.94M-84.24M-133.90M100.26M96.05M41.83M102.87M139.15M212.51M264.74M332.75M359.95M534.29M589.56M673.50M699.92M764.14M948.78M1.22B1.29B1.87B1.83B
Dividends Paid-3.17M3.75M10.56M34.59M50.01M60.66M79.12M32.80M42.44M52.03M88.29M163.01M210.09M269.30M367.82M393.04M424.91M458.11M467.76M600.99M805.31M1.05B1.38B1.37B
FCF to OCF100.00%100.00%159.60%4432.23%-570.32%-179.68%98.94%99.36%51.54%98.14%96.52%98.44%97.59%98.57%97.99%99.08%98.69%99.37%98.90%99.08%99.62%98.16%91.72%98.91%98.86%
Dividend Paid to FCF-196.65%-43.99%-3.87%-41.05%-37.35%60.51%82.37%78.41%41.26%37.39%41.54%61.58%63.14%74.82%68.84%66.67%63.09%65.45%61.21%63.34%66.26%81.35%73.65%75.14%

Earnings

Report DateSep 27, 2004Nov 22, 2004Mar 15, 2005May 10, 2005Aug 15, 2005Nov 14, 2005Mar 13, 2006May 4, 2006Aug 4, 2006Nov 2, 2006Feb 27, 2007Apr 25, 2007Aug 1, 2007Oct 30, 2007Feb 19, 2008Apr 28, 2008Jul 29, 2008Oct 28, 2008Feb 18, 2009May 4, 2009Aug 3, 2009Nov 2, 2009Feb 22, 2010May 3, 2010Jul 28, 2010Oct 28, 2010Feb 22, 2011Apr 27, 2011Jul 28, 2011Oct 27, 2011Feb 21, 2012Apr 30, 2012Jul 30, 2012Oct 29, 2012Feb 21, 2013Apr 29, 2013Aug 1, 2013Oct 28, 2013Feb 20, 2014Apr 28, 2014Jul 30, 2014Oct 29, 2014Feb 19, 2015Apr 29, 2015Jul 29, 2015Oct 28, 2015Feb 23, 2016May 2, 2016Jul 27, 2016Oct 26, 2016Feb 21, 2017Apr 26, 2017Aug 1, 2017Nov 1, 2017Feb 20, 2018May 1, 2018Jul 31, 2018Oct 30, 2018Feb 20, 2019Apr 30, 2019Jul 30, 2019Oct 29, 2019Feb 18, 2020May 6, 2020Aug 4, 2020Nov 4, 2020Feb 22, 2021Apr 28, 2021Jul 27, 2021Oct 27, 2021Feb 23, 2022May 3, 2022Aug 2, 2022Nov 1, 2022Feb 22, 2023May 2, 2023Aug 3, 2023Nov 7, 2023Feb 27, 2024Apr 30, 2024Jul 30, 2024Oct 29, 2024Feb 25, 2025Apr 29, 2025Jul 30, 2025Oct 29, 2025Feb 19, 2026Apr 28, 2026Jul 28, 2026Oct 27, 2026Nov 4, 2026
EPS Estimate-0.040.010.040.030.06-0.070.040.050.080.100.080.110.120.120.090.140.140.270.360.080.070.040.030.040.080.090.080.100.140.150.140.180.220.230.240.280.310.330.310.360.440.430.420.460.510.290.520.580.650.550.570.650.710.700.660.710.750.760.690.750.800.790.760.710.820.901.021.081.241.401.331.471.581.461.401.500.941.210.991.021.101.101.031.181.191.161.102.062.102.10
EPS Actual-0.250.04-0.01-0.02-0.04-0.08-0.010.010.060.070.100.090.130.150.150.100.120.150.220.34-0.090.070.070.040.070.090.100.090.130.160.170.210.220.380.360.280.300.370.420.320.420.480.390.450.480.550.070.700.570.650.650.640.690.741.630.700.751.020.800.740.760.830.860.830.800.881.191.001.151.402.001.441.631.651.521.461.501.231.021.010.880.911.241.281.180.781.361.142.15--
Surprise-0.00%-200.00%-150.00%-233.33%-233.33%90.00%-75.00%20.00%-12.50%0.00%12.50%18.18%25.00%25.00%11.11%-14.29%7.14%-18.52%-5.56%-212.50%0.00%75.00%33.33%75.00%12.50%11.11%12.50%30.00%14.29%13.33%50.00%22.22%72.73%56.52%16.67%7.14%19.35%27.27%3.23%16.67%9.09%-9.30%7.14%4.35%7.84%-75.86%34.62%-1.72%0.00%18.18%12.28%6.15%4.23%132.86%6.06%5.63%36.00%5.26%7.25%1.33%3.75%8.86%9.21%12.68%7.32%32.22%-1.96%6.48%12.90%42.86%8.27%10.88%4.43%4.11%4.29%0.00%30.85%-15.70%2.02%-13.73%-17.27%12.73%24.27%0.00%-34.45%17.24%3.64%4.37%--
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Key Statistics & Ratios

Market Cap31.65B
Enterprise Value43.09B
Trailing P/E31.66
Forward P/E30.30
PEG Ratio5.71
Price / Sales9.01
Price / Book2.22
EPS4.53
Book Value62.75
Revenue (TTM)3.51B
Gross Profit (TTM)2.63B
EBITDA2.31B
Profit Margin27.28%
Operating Margin45.88%
Return on Equity6.95%
Return on Assets3.36%
Shares Outstanding211.27M
Shares Float208.86M
Beta1.17
Dividend Yield4.52%
Dividend Rate6.48
Payout Ratio119.34%

Analyst Ratings

Buy
Based on 21 analystsTarget 156.50
  • Strong Buy
    7
  • Buy
    4
  • Hold
    10

Ownership Breakdown

Institutions
99.71%
Insiders
0.94%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    22.95M10.86%
  • Vanguard Portfolio Management, LLC
    18.62M8.81%
  • Vanguard Capital Management, LLC
    13.81M6.54%
  • State Street Corp
    13.56M6.42%
  • Cohen & Steers Inc
    12.90M6.10%
  • NORGES BANK
    9.30M4.40%
  • Arnhold & S. Bleichroeder Advisers, LLC
    7.75M3.67%
  • Capital Research Global Investors
    6.30M2.98%
  • Geode Capital Management, LLC
    6.14M2.91%
  • Principal Financial Group Inc
    6.06M2.87%
  • FMR Inc
    5.09M2.41%
  • Capital World Investors
    4.15M1.96%
  • Dimensional Fund Advisors, Inc.
    3.24M1.53%
  • Charles Schwab Investment Management Inc
    2.96M1.40%

Top Fund Holders

  • Vanguard Real Estate Index Investor
    8.00M3.79%
  • Vanguard MStar Total Stk Mkt Idx Invest
    6.69M3.17%
  • Vanguard 500 Index Investor
    5.55M2.63%
  • Vanguard MStar Mid Cap Index Instl
    4.52M2.14%
  • First Eagle Global A
    3.72M1.76%
  • iShares Core S&P 500 ETF
    2.81M1.33%

Dividends

20263×
1.62Sep 15, 20261.62Jun 15, 20261.62Mar 16, 2026
20254×
1.62Dec 15, 20251.62Sep 15, 20251.62Jun 16, 20251.62Mar 14, 2025
20244×
1.62Dec 16, 20241.62Sep 16, 20241.62Jun 14, 20241.62Mar 14, 2024
20235×
1.62Dec 14, 20230.61Sep 14, 20231.01Jul 12, 20231.62Jun 14, 20231.62Mar 14, 2023
20224×
1.50Dec 13, 20221.50Sep 14, 20221.50Jun 14, 20221.50Mar 14, 2022
20214×
1.25Dec 14, 20211.25Sep 14, 20211.00Jun 14, 20211.00Mar 12, 2021