Extra Space Storage Net Income
| EXR Stock | USD 138.12 2.92 2.16% |
As of the 4th of February, Extra Space shows the Variance of 2.24, mean deviation of 1.18, and Standard Deviation of 1.5. Extra Space Storage technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Please confirm Extra Space Storage market risk adjusted performance and treynor ratio to decide if Extra Space Storage is priced favorably, providing market reflects its regular price of 138.12 per share. Given that Extra Space has information ratio of (0.04), we urge you to verify Extra Space Storage's prevailing market performance to make sure the company can sustain itself at a future point.
Extra Space Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 12.8165 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income | 1 B | 1.1 B | |
| Net Income Applicable To Common Shares | 981.2 M | 1 B | |
| Net Income From Continuing Ops | 1 B | 1.1 B | |
| Net Income Per Share | 3.64 | 3.82 | |
| Net Income Per E B T | 1.05 | 1.00 |
Extra | Net Income | Build AI portfolio with Extra Stock |
Evaluating Extra Space's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into Extra Space Storage's fundamental strength.
Latest Extra Space's Net Income Growth Pattern
Below is the plot of the Net Income of Extra Space Storage over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in Extra Space Storage financial statement analysis. It represents the amount of money remaining after all of Extra Space Storage operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is Extra Space's Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Extra Space's overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 900.23 M | 10 Years Trend |
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Net Income |
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Extra Net Income Regression Statistics
| Arithmetic Mean | 483,884,733 | |
| Coefficient Of Variation | 71.41 | |
| Mean Deviation | 289,155,066 | |
| Median | 419,967,000 | |
| Standard Deviation | 345,523,161 | |
| Sample Variance | 119386.3T | |
| Range | 1B | |
| R-Value | 0.97 | |
| Mean Square Error | 6291T | |
| R-Squared | 0.95 | |
| Slope | 66,712,271 | |
| Total Sum of Squares | 1910180.1T |
Extra Net Income History
Other Fundumenentals of Extra Space Storage
| Net Income Applicable To Common Shares | ||
| Net Income From Continuing Ops | ||
| Net Income Per Share | ||
| Net Income Per E B T |
Extra Space Net Income component correlations
Extra Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for Extra Space is extremely important. It helps to project a fair market value of Extra Stock properly, considering its historical fundamentals such as Net Income. Since Extra Space's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Extra Space's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Extra Space's interrelated accounts and indicators.
Click cells to compare fundamentals
Can Self-Storage REITs industry sustain growth momentum? Does Extra have expansion opportunities? Factors like these will boost the valuation of Extra Space. Projected growth potential of Extra fundamentally drives upward valuation adjustments. Determining accurate worth demands scrutiny of both present operating results and projected expansion capacity. Evaluating Extra Space demands reviewing these metrics collectively while recognizing certain factors exert disproportionate influence.
Quarterly Earnings Growth (0.14) | Dividend Share 6.48 | Earnings Share 4.48 | Revenue Per Share | Quarterly Revenue Growth 0.034 |
The market value of Extra Space Storage is measured differently than its book value, which is the value of Extra that is recorded on the company's balance sheet. Investors also form their own opinion of Extra Space's value that differs from its market value or its book value, called intrinsic value, which is Extra Space's true underlying value. Market participants employ diverse analytical approaches to determine fair value and identify buying opportunities when prices dip below calculated worth. Because Extra Space's market value can be influenced by many factors that don't directly affect Extra Space's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
It's important to distinguish between Extra Space's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Extra Space should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Extra Space's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
Extra Space 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Extra Space's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Extra Space.
| 11/06/2025 |
| 02/04/2026 |
If you would invest 0.00 in Extra Space on November 6, 2025 and sell it all today you would earn a total of 0.00 from holding Extra Space Storage or generate 0.0% return on investment in Extra Space over 90 days. Extra Space is related to or competes with AvalonBay Communities, Equity Residential, VICI Properties, Iron Mountain, Public Storage, SBA Communications, and CubeSmart. Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a memb... More
Extra Space Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Extra Space's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Extra Space Storage upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.5 |
Extra Space Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Extra Space's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Extra Space's standard deviation. In reality, there are many statistical measures that can use Extra Space historical prices to predict the future Extra Space's volatility.| Risk Adjusted Performance | 2.0E-4 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.02) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Extra Space's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Extra Space February 4, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 2.0E-4 | |||
| Market Risk Adjusted Performance | (0.01) | |||
| Mean Deviation | 1.18 | |||
| Coefficient Of Variation | (15,010) | |||
| Standard Deviation | 1.5 | |||
| Variance | 2.24 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.11) | |||
| Treynor Ratio | (0.02) | |||
| Maximum Drawdown | 5.57 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 2.5 | |||
| Skewness | (0.1) | |||
| Kurtosis | 0.6805 |
Extra Space Storage Backtested Returns
Currently, Extra Space Storage is very steady. Extra Space Storage secures Sharpe Ratio (or Efficiency) of 0.0839, which denotes the company had a 0.0839 % return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Extra Space Storage, which you can use to evaluate the volatility of the firm. Please confirm Extra Space's Variance of 2.24, mean deviation of 1.18, and Standard Deviation of 1.5 to check if the risk estimate we provide is consistent with the expected return of 0.12%. Extra Space has a performance score of 6 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.83, which means possible diversification benefits within a given portfolio. As returns on the market increase, Extra Space's returns are expected to increase less than the market. However, during the bear market, the loss of holding Extra Space is expected to be smaller as well. Extra Space Storage right now shows a risk of 1.37%. Please confirm Extra Space Storage treynor ratio, accumulation distribution, as well as the relationship between the Accumulation Distribution and price action indicator , to decide if Extra Space Storage will be following its price patterns.
Auto-correlation | -0.04 |
Very weak reverse predictability
Extra Space Storage has very weak reverse predictability. Overlapping area represents the amount of predictability between Extra Space time series from 6th of November 2025 to 21st of December 2025 and 21st of December 2025 to 4th of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Extra Space Storage price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Extra Space price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 31.39 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
Extra Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, Extra Space Storage reported net income of 900.23 M. This is 261.42% higher than that of the Specialized REITs sector and significantly higher than that of the Real Estate industry. The net income for all United States stocks is 57.66% lower than that of the firm.
Extra Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Extra Space's direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Extra Space could also be used in its relative valuation, which is a method of valuing Extra Space by comparing valuation metrics of similar companies.Extra Space is currently under evaluation in net income category among its peers.
Extra Space Current Valuation Drivers
We derive many important indicators used in calculating different scores of Extra Space from analyzing Extra Space's financial statements. These drivers represent accounts that assess Extra Space's ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Extra Space's important valuation drivers and their relationship over time.
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 (projected) | ||
| Market Cap | 15.0B | 30.2B | 19.7B | 27.1B | 24.4B | 25.6B | |
| Enterprise Value | 20.9B | 36.4B | 27.2B | 38.3B | 34.5B | 36.2B |
Extra Space ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Extra Space's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Extra Space's managers, analysts, and investors.Environmental | Governance | Social |
Extra Space Institutional Holders
Institutional Holdings refers to the ownership stake in Extra Space that is held by large financial organizations, pension funds or endowments. Institutions may hold large blocks of Extra Space's outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Extra Space's value.| Shares | Massachusetts Financial Services Company | 2025-06-30 | 3.1 M | Dimensional Fund Advisors, Inc. | 2025-06-30 | 3.1 M | Northern Trust Corp | 2025-06-30 | 2.8 M | Centersquare Investment Management Llc | 2025-06-30 | 2.7 M | Daiwa Securities Group Inc | 2025-06-30 | 2.7 M | Goldman Sachs Group Inc | 2025-06-30 | 2.6 M | Apg Investments Us Inc | 2025-06-30 | 2.5 M | Charles Schwab Investment Management Inc | 2025-06-30 | 2.5 M | Legal & General Group Plc | 2025-06-30 | 2.1 M | Vanguard Group Inc | 2025-06-30 | 34.3 M | Blackrock Inc | 2025-06-30 | 21.4 M |
Extra Fundamentals
| Return On Equity | 0.0679 | |||
| Return On Asset | 0.0335 | |||
| Profit Margin | 0.28 % | |||
| Operating Margin | 0.46 % | |||
| Current Valuation | 42.83 B | |||
| Shares Outstanding | 212.25 M | |||
| Shares Owned By Insiders | 0.98 % | |||
| Shares Owned By Institutions | 99.30 % | |||
| Number Of Shares Shorted | 5.17 M | |||
| Price To Earning | 35.20 X | |||
| Price To Book | 2.15 X | |||
| Price To Sales | 8.94 X | |||
| Revenue | 3.34 B | |||
| Gross Profit | 2.56 B | |||
| EBITDA | 2.26 B | |||
| Net Income | 900.23 M | |||
| Cash And Equivalents | 138.22 M | |||
| Cash Per Share | 0.67 X | |||
| Total Debt | 13.03 B | |||
| Debt To Equity | 1.70 % | |||
| Current Ratio | 2.59 X | |||
| Book Value Per Share | 64.16 X | |||
| Cash Flow From Operations | 1.89 B | |||
| Short Ratio | 3.96 X | |||
| Earnings Per Share | 4.48 X | |||
| Price To Earnings To Growth | 3.55 X | |||
| Target Price | 150.95 | |||
| Number Of Employees | 8.01 K | |||
| Beta | 1.26 | |||
| Market Capitalization | 30.61 B | |||
| Total Asset | 28.85 B | |||
| Retained Earnings | (899.34 M) | |||
| Working Capital | (122.34 M) | |||
| Current Asset | 244.2 M | |||
| Current Liabilities | 120.92 M | |||
| Annual Yield | 0.05 % | |||
| Five Year Return | 3.13 % | |||
| Net Asset | 28.85 B | |||
| Last Dividend Paid | 6.48 |
About Extra Space Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Extra Space Storage's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Extra Space using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Extra Space Storage based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Extra Space
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Extra Space position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Extra Space will appreciate offsetting losses from the drop in the long position's value.Moving together with Extra Stock
Moving against Extra Stock
The ability to find closely correlated positions to Extra Space could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Extra Space when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Extra Space - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Extra Space Storage to buy it.
The correlation of Extra Space is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Extra Space moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Extra Space Storage moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Extra Space can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Extra Stock Analysis
When running Extra Space's price analysis, check to measure Extra Space's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Extra Space is operating at the current time. Most of Extra Space's value examination focuses on studying past and present price action to predict the probability of Extra Space's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Extra Space's price. Additionally, you may evaluate how the addition of Extra Space to your portfolios can decrease your overall portfolio volatility.