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EX

Extra Space Storage Inc.

EXRReal EstateNASDAQ

REIT - Industrial

PriceMA150MA200
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Financials · Annual
Revenue
$3.38B
+3.7% YoY
Net Income
$974.0M
+14.0% YoY
EBITDA
$2.41B
+4.4% YoY
Free Cash Flow
$1.34B

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About Extra Space Storage Inc.

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. The $31.85B market capitalization puts EXR squarely in large-cap range for its industry. As of December 31, 2025, the Company owned and/or operated 4,281 self-storage stores in 43 states and Washington, D.C.

Key stats
Market Cap$31.85B
P/E (TTM)32.50
Fwd P/E30.15
EPS$4.44
Beta1.23
52W Change-5.7%
Dividend Yield4.49%
ROE6.8%
Analysis

The company holds $141.7M in cash, though total debt stands at $13.94B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $1.34B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 6.8% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.4% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $1.92B (2022) to $3.38B (2025), reflecting a 76% increase over the period.

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing EXR.

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