Stocks · Real Estate · REIT - Industrial
Extra Space Storage Inc. EXR
$132.91 -0.26% Close, Oct 5, 2026 · NYSE · Market cap $28.15B
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Net debt is 4.3× EBITDA, a high level of leverage.
- Revenue over the last four quarters was $3.43B, up 1.5% from a year earlier.
- The diluted share count rose 4.0% in a year.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 6, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 32%
- EPS growth (TTM, YoY)Bottom 38%
- FCF growth (TTM, YoY)Bottom 46%
- Revenue growth, 3-year CAGRTop 13%
- Revenue growth accelerationTop 47%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalBottom 1%
- Gross marginBottom 29%
- Operating marginTop 22%
- Cash conversion (OCF / net income)Top 42%
- Accruals (lower is better)Bottom 50%
- Net debt / EBITDA (lower is better)Top 27%
- Interest coverBottom 38%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 46%
- Free-cash-flow yieldTop 42%
- EBITDA / enterprise valueTop 32%
- Sales / enterprise valueBottom 27%
- P/E vs own 5-year history (lower is better)Top 47%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 45%
- 6-month returnTop 45%
- 1-year return vs S&P 500Top 49%
- Distance from 52-week highTop 30%
- Trend checklist (0–4)Top 39%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersBottom 43%
- Consecutive EPS beatsTop 19%
- Share of analysts rating BuyTop 45%
- Upside to consensus price targetBottom 36%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 25%
- Maximum drawdown, 3 yearsTop 34%
- Beta vs S&P 500 (lower is better)Top 44%
- Net debt / EBITDA (lower is better)Top 27%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 0.9% | 1.5% | ↑ |
| EPS growth (YoY) | 2.1% | -3.0% | ↓ |
| Gross margin | 75.7% | 23.0% | ↓ |
| Operating margin | 42.8% | 43.4% | ↑ |
| FCF margin | 55.7% | 51.5% | ↓ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 1.5% | 0.9% | ↑ | Bottom 32% |
| EPS growth (TTM, YoY) | -3.0% | 2.1% | ↓ | Bottom 38% |
| Gross margin | 23.0% | 75.7% | ↓ | Bottom 29% |
| Operating margin | 43.4% | 42.8% | ↑ | Top 22% |
| Net margin | 28.0% | 28.9% | ↓ | — |
| Free-cash-flow margin | 51.5% | 55.7% | ↓ | — |
| Return on invested capital | -6122.9% | — | Bottom 1% | |
| Revenue growth, 3-year CAGR | 19.8% | — | Top 13% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.98×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -3.2%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.1%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -101.5 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 4.34×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 1.0×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.87%
- Net buyback yield (TTM)
- 0.51%
- Shareholder yield
- 5.38%
- Share count change, 1 year
- +4.0%
- Share count change, 3-year CAGR
- +15.4%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 3
- Beats in the last 8 reports
- 6 of 8
- Average EPS surprise, last 4
- -2.2%
- Average 2-day reaction, last 8
- -0.1%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $158.33
- Target vs current price
- +19.1%
- Analysts with a rating
- 28
- Share rating Buy or Strong Buy
- 50%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 28, 2026 | +7.8% | +2.6% | +1.0% | -1.4% | — |
| Apr 28, 2026 | +1.8% | +1.0% | -0.2% | +3.1% | +4.1% |
| Feb 19, 2026 | +16.2% | +0.6% | +1.2% | -6.1% | -2.1% |
| Oct 29, 2025 | -34.5% | -3.5% | -10.5% | -9.9% | -4.6% |
| Jul 30, 2025 | +1.7% | -1.7% | -8.8% | -7.5% | +0.1% |
| Apr 29, 2025 | +25.5% | -0.3% | +5.3% | +4.2% | +6.1% |
| Feb 25, 2025 | +12.7% | +1.4% | -3.2% | -8.2% | -4.4% |
| Oct 29, 2024 | -18.0% | -1.1% | -2.4% | +1.8% | -6.8% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 28, 2026 | $1.25 | $1.16 | +7.8% | $874.2M |
| Apr 28, 2026 | $1.14 | $1.12 | +1.8% | $856.0M |
| Feb 19, 2026 | $1.36 | $1.17 | +16.2% | $857.5M |
| Oct 29, 2025 | $0.78 | $1.19 | -34.5% | $858.5M |
| Jul 30, 2025 | $1.18 | $1.16 | +1.7% | $841.6M |
| Apr 29, 2025 | $1.28 | $1.02 | +25.5% | $820.0M |
| Feb 25, 2025 | $1.24 | $1.10 | +12.7% | $821.9M |
| Oct 29, 2024 | $0.91 | $1.11 | -18.0% | $824.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 29.7× | 30.5× | 29th | Top 46% |
| P/E (forward) | 28.5× | — | — | — |
| EV / EBITDA | 13.2× | — | — | Top 32% |
| EV / Sales | 12.22× | — | — | Bottom 27% |
| Free-cash-flow yield | 6.26% | — | — | Top 42% |
| Earnings yield | 3.36% | — | — | Top 46% |
P/E over the past five years
Range 21.6× – 43.3× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -6.1%
- Earnings per share growth (TTM)
- -3.0%
- Change in P/E multiple
- +9.6%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -3.0%
- 200-day average slope (20 days)
- +0.3%
- Distance from 50-day average
- -6.4%
- Distance from 200-day average
- -6.2%
- RSI (14)
- 38.9
- Relative volume
- 0.68×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 19.3%
- Volatility vs own 5-year history
- 2th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.54
- Correlation with S&P 500
- 0.33
- Current drawdown from 1-year high
- -13.0%
- Maximum drawdown, 3 years
- -30.9%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 31, 2021 | Oct 25, 2023 | -54.5% | 456 days | Not yet recovered |
| Sep 3, 2021 | Oct 5, 2021 | -13.3% | 21 days | 18 days (Oct 29, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $28.15B
- P/E (TTM)
- 29.7
- EPS, diluted (TTM)
- $4.47
- Revenue (TTM)
- $3.43B
- Dividend yield
- 4.88%
- 52-week range
- $125.71 – $158.88
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $1.61B | $1.97B | $2.62B | $3.34B | $3.38B |
| Gross profit | $1.23B | $1.54B | $2.02B | $2.55B | $960.2M |
| Operating income | $976.0M | $1.05B | $1.17B | $1.32B | $1.49B |
| Net income | $827.6M | $860.7M | $803.2M | $854.7M | $974.0M |
| EPS (diluted) | $6.19 | $6.41 | $4.74 | $4.03 | $4.59 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $854.8M | $840.7M | $839.9M | $841.6M | $777.6M | $918.4M | $856.0M | $874.2M |
| Net income | $192.8M | $262.5M | $270.9M | $249.7M | $169.9M | $283.5M | $241.0M | $263.5M |
| EPS (diluted) | $0.91 | $1.24 | $1.28 | $1.18 | $0.78 | $1.30 | $1.14 | $1.25 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $952.4M | $1.24B | $1.40B | $1.89B | $1.85B |
| Capital expenditure | -$3.7M | -$22.8M | -$16.0M | -$20.5M | -$21.1M |
| Free cash flow | $948.8M | $1.22B | $1.39B | $1.87B | $1.83B |
| Dividends paid | -$601.0M | -$805.3M | -$1.05B | -$1.38B | -$1.37B |
| Net share buybacks | $273.2M | -$67.5M | $0 | $365,000 | -$149.5M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $695.2M
- Total assets
- $29.66B
- Total liabilities
- $15.48B
- Total debt
- $14.41B
- Net debt
- $13.72B
- Shareholders’ equity
- $13.26B
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 15, 2026 | $1.62 | Sep 30, 2026 |
| Jun 15, 2026 | $1.62 | Jun 30, 2026 |
| Mar 16, 2026 | $1.62 | Mar 31, 2026 |
| Dec 15, 2025 | $1.62 | Dec 31, 2025 |
| Sep 15, 2025 | $1.62 | Sep 30, 2025 |
| Jun 16, 2025 | $1.62 | Jun 30, 2025 |
| Mar 14, 2025 | $1.62 | Mar 31, 2025 |
| Dec 16, 2024 | $1.62 | Dec 31, 2024 |
Short interest
- Shares sold short
- 4,860,934
- Days to cover
- 3.40
- Change vs previous report
- +8.7%
FINRA short interest, settlement date Sep 15, 2026.