Extra Space Storage Stock Analysis

EXR Stock  USD 140.01  1.47  1.06%   
Below is the normalized historical share price chart for Extra Space Storage extending back to August 12, 2004. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Extra Space stands at 140.01, as last reported on the 7th of February, with the highest price reaching 140.48 and the lowest price hitting 138.57 during the day.
IPO Date
12th of August 2004
200 Day MA
141.803
50 Day MA
135.2366
Beta
1.264
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
 
Interest Hikes
Extra Space Storage holds a debt-to-equity ratio of 1.701. At this time, Extra Space's Debt To Assets are relatively stable compared to the past year. As of 02/07/2026, Long Term Debt To Capitalization is likely to grow to 0.67, while Interest Debt Per Share is likely to drop 29.82. Extra Space's financial risk is the risk to Extra Space stockholders that is caused by an increase in debt.

Asset vs Debt

Equity vs Debt

Extra Space's liquidity is one of the most fundamental aspects of both its future profitability and its ability to meet different types of ongoing financial obligations. Extra Space's cash, liquid assets, total liabilities, and shareholder equity can be utilized to evaluate how much leverage the Company is using to sustain its current operations. For traders, higher-leverage indicators usually imply a higher risk to shareholders. In addition, it helps Extra Stock's retail investors understand whether an upcoming fall or rise in the market will negatively affect Extra Space's stakeholders.
For many companies, including Extra Space, marketable securities, inventories, and receivables are the most common assets that could be converted to cash. However, for Extra Space Storage, the most critical issue when managing liquidity is ensuring that current assets are properly aligned with current liabilities. If they are not, Extra Space's management will need to obtain alternative financing to ensure there are always enough cash equivalents on the balance sheet to meet obligations.
Price Book
2.1593
Enterprise Value Ebitda
17.9543
Price Sales
9.0668
Shares Float
210 M
Dividend Share
6.48
Given that Extra Space's debt-to-equity ratio measures a Company's obligations relative to the value of its net assets, it is usually used by traders to estimate the extent to which Extra Space is acquiring new debt as a mechanism of leveraging its assets. A high debt-to-equity ratio is generally associated with increased risk, implying that it has been aggressive in financing its growth with debt. Another way to look at debt-to-equity ratios is to compare the overall debt load of Extra Space to its assets or equity, showing how much of the company assets belong to shareholders vs. creditors. If shareholders own more assets, Extra Space is said to be less leveraged. If creditors hold a majority of Extra Space's assets, the Company is said to be highly leveraged.
At this time, Extra Space's Common Stock Shares Outstanding is relatively stable compared to the past year. As of 02/07/2026, Liabilities And Stockholders Equity is likely to grow to about 34.8 B, while Capital Stock is likely to drop slightly above 1.7 M. . At this time, Extra Space's Price Book Value Ratio is relatively stable compared to the past year. As of 02/07/2026, Price To Book Ratio is likely to grow to 2.14, while Price Earnings Ratio is likely to drop 17.42.
Extra Space Storage is fairly valued with Real Value of 144.03 and Target Price of 149.45. The main objective of Extra Space stock analysis is to determine its intrinsic value, which is an estimate of what Extra Space Storage is worth, separate from its market price. There are two main types of Extra Space's stock analysis: fundamental analysis and technical analysis.
The Extra Space stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Extra Space is usually not traded on Labour Day, Thanksgiving Day, Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day ( substitute day ), Independence Day. Extra Stock trading window is adjusted to America/New York timezone.
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Extra Space Storage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in median.

Extra Stock Analysis Notes

About 99.0% of the company shares are held by institutions such as insurance companies. The book value of Extra Space was currently reported as 64.16. The company last dividend was issued on the 15th of December 2025. Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the SP 500. The Company is the second largest owner andor operator of self-storage stores in the United States and is the largest self-storage management company in the United States. Extra Space operates under REITIndustrial classification in the United States and is traded on New York Stock Exchange. It employs 4309 people. To learn more about Extra Space Storage call Joseph JD at 801 365 4600 or check out https://www.extraspace.com.

Extra Space Quarterly Total Revenue

777.56 Million

Extra Space Storage Investment Alerts

Extra Space Storage has a poor financial position based on the latest SEC disclosures
Over 99.0% of the company shares are held by institutions such as insurance companies
On 31st of December 2025 Extra Space paid $ 1.62 per share dividend to its current shareholders
Latest headline from simplywall.st: Extra Space Storage Acquisition And Pricing Shift Raise Valuation Questions

Extra Largest EPS Surprises

Earnings surprises can significantly impact Extra Space's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2011-02-22
2010-12-310.090.10.0111 
2010-05-03
2010-03-310.030.040.0133 
2008-04-28
2008-03-310.090.10.0111 
View All Earnings Estimates

Extra Space Environmental, Social, and Governance (ESG) Scores

Extra Space's ESG score is a quantitative measure that evaluates Extra Space's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Extra Space's operations that may have significant financial implications and affect Extra Space's stock price as well as guide investors towards more socially responsible investments.

Extra Stock Institutional Investors

Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Massachusetts Financial Services Company2025-06-30
3.1 M
Dimensional Fund Advisors, Inc.2025-06-30
3.1 M
Northern Trust Corp2025-06-30
2.8 M
Centersquare Investment Management Llc2025-06-30
2.7 M
Daiwa Securities Group Inc2025-06-30
2.7 M
Goldman Sachs Group Inc2025-06-30
2.6 M
Apg Investments Us Inc2025-06-30
2.5 M
Charles Schwab Investment Management Inc2025-06-30
2.5 M
Legal & General Group Plc2025-06-30
2.1 M
Vanguard Group Inc2025-06-30
34.3 M
Blackrock Inc2025-06-30
21.4 M
Note, although Extra Space's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Extra Market Capitalization

The company currently falls under 'Large-Cap' category with a total capitalization of 31.03 B.

Extra Profitablity

The company has Net Profit Margin of 0.28 %, which implies that it may need a different competitive strategy as even a very small decline in it revenue may erase profits and result in a net loss. This is way below average. In the same way, it shows Net Operating Margin of 0.46 %, which entails that for every 100 dollars of revenue, it generated $0.46 of operating income.
Last ReportedProjected for Next Year
Return On Tangible Assets 0.03  0.02 
Return On Capital Employed 0.04  0.04 
Return On Assets 0.03  0.02 
Return On Equity 0.07  0.07 

Management Efficiency

Extra Space Storage has Return on Asset of 0.0335 % which means that on every $100 spent on assets, it made $0.0335 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0679 %, implying that it generated $0.0679 on every 100 dollars invested. Extra Space's management efficiency ratios could be used to measure how well Extra Space manages its routine affairs as well as how well it operates its assets and liabilities. As of 02/07/2026, Return On Tangible Assets is likely to drop to 0.02. In addition to that, Return On Capital Employed is likely to drop to 0.04. At this time, Extra Space's Total Assets are relatively stable compared to the past year. As of 02/07/2026, Non Current Assets Total is likely to grow to about 32.8 B, while Intangible Assets are likely to drop slightly above 24.6 M.
Last ReportedProjected for Next Year
Book Value Per Share 63.21  66.37 
Tangible Book Value Per Share 62.39  65.51 
Enterprise Value Over EBITDA 22.67  26.60 
Price Book Value Ratio 2.04  2.14 
Enterprise Value Multiple 22.67  26.60 
Price Fair Value 2.04  2.14 
Enterprise Value34.5 B36.2 B
The management strategies employed by Extra Space's are designed to enhance shareholder value and ensure long-term growth. We assess the effectiveness of these strategies in our stock analysis.
Dividend Yield
0.0468
Operating Margin
0.4633
Profit Margin
0.2774
Forward Dividend Yield
0.0463
Beta
1.264

Technical Drivers

As of the 7th of February, Extra Space shows the Downside Deviation of 1.24, coefficient of variation of 1114.25, and Mean Deviation of 1.16. 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 variance and potential upside to decide if Extra Space Storage is priced favorably, providing market reflects its regular price of 140.01 per share. Given that Extra Space has jensen alpha of 0.0543, 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 Storage Price Movement Analysis

The output start index for this execution was twenty-nine with a total number of output elements of thirty-two.

Extra Space Storage Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Extra Space insiders, such as employees or executives, is commonly permitted as long as it does not rely on Extra Space's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Extra Space insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Extra Space Outstanding Bonds

Extra Space issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Extra Space Storage uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Extra bonds can be classified according to their maturity, which is the date when Extra Space Storage has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

Extra Space Predictive Daily Indicators

Extra Space intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Extra Space stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Extra Space Corporate Filings

F4
3rd of February 2026
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
5th of January 2026
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
4th of December 2025
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
7th of November 2025
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
10Q
31st of October 2025
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
ViewVerify
8K
29th of October 2025
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
F4
3rd of October 2025
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify
F4
15th of September 2025
The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities
ViewVerify

Extra Space Forecast Models

Extra Space's time-series forecasting models are one of many Extra Space's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Extra Space's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Extra Space Bond Ratings

Extra Space Storage financial ratings play a critical role in determining how much Extra Space have to pay to access credit markets, i.e., the amount of interest on their issued debt. The threshold between investment-grade and speculative-grade ratings has important market implications for Extra Space's borrowing costs.
Piotroski F Score
4
PoorView
Beneish M Score
(2.63)
Unlikely ManipulatorView

Extra Space Storage Debt to Cash Allocation

Many companies such as Extra Space, eventually find out that there is only so much market out there to be conquered, and adding the next product or service is only half as profitable per unit as their current endeavors. Eventually, the company will reach a point where cash flows are strong, and extra cash is available but not fully utilized. In this case, the company may start buying back its stock from the public or issue more dividends.
Extra Space Storage has 13.03 B in debt with debt to equity (D/E) ratio of 1.7, which is OK given its current industry classification. Extra Space Storage has a current ratio of 2.54, demonstrating that it is liquid and is capable to disburse its financial commitments when the payables are due. That said, strategic use of leverage may enable Extra to fund expansion initiatives and generate superior returns.

Extra Space Total Assets Over Time

Extra Space Assets Financed by Debt

The debt-to-assets ratio shows the degree to which Extra Space uses debt to finance its assets. It includes both long-term and short-term borrowings maturing within one year. It also includes both tangible and intangible assets, such as goodwill.

Extra Space Debt Ratio

    
  68.0   
It seems slightly above 32% of Extra Space's assets are financed be debt. Typically, companies with high debt-to-asset ratios are said to be highly leveraged. The higher the ratio, the greater risk will be associated with the Extra Space's operation. In addition, a high debt-to-assets ratio may indicate a low borrowing capacity of Extra Space, which in turn will lower the firm's financial flexibility.

Extra Space Corporate Bonds Issued

Extra Long Term Debt

Long Term Debt

13.23 Billion

At this time, Extra Space's Long Term Debt is relatively stable compared to the past year.

About Extra Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Extra Space prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Extra shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Extra Space. By using and applying Extra Stock analysis, traders can create a robust methodology for identifying Extra entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.25  0.21 
Operating Profit Margin 0.36  0.29 
Net Profit Margin 0.23  0.13 
Gross Profit Margin 0.69  0.58 

Current Extra Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Extra analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Extra analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceConsensus# of Analysts
149.45Buy20Odds
Extra Space Storage current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Extra analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Extra stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Extra Space Storage, talking to its executives and customers, or listening to Extra conference calls.
Extra Analyst Advice Details

Extra Stock Analysis Indicators

Extra Space Storage stock analysis indicators help investors evaluate how Extra Space stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Extra Space shares will generate the highest return on investment. By understating and applying Extra Space stock analysis, traders can identify Extra Space position entry and exit signals to maximize returns.
Begin Period Cash Flow105.1 M
Long Term Debt11 B
Common Stock Shares Outstanding211.6 M
Total Stockholder Equity13.9 B
Total Cashflows From Investing Activities-1.6 B
Tax Provision33.5 M
Quarterly Earnings Growth Y O Y-0.142
Property Plant And Equipment Net740.2 M
Cash And Short Term Investments138.2 M
Cash138.2 M
Accounts Payable346.5 M
Net Debt12.9 B
50 Day M A135.2366
Total Current Liabilities1.8 B
Other Operating ExpensesB
Non Current Assets Total27.2 B
Forward Price Earnings28.49
Non Currrent Assets Other24.6 B
Stock Based Compensation22.9 M

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.