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143.76 USD
P/E
31.23
EPS
4.46
Yield
4.50%
Safety Score
96
P/B
2.21
ROE
6.83
Beta
1.23
Target Price
152.90 USD
Extra Space Storage Inc. logo

Extra Space Storage Inc.

🧾 Earnings Recap – Q1 2026

Extra Space Storage shares closed up 1.6% after Q1 2026 earnings, reflecting a generally constructive but measured market response. Results showed a return to sequential same-store revenue and NOI growth, while core FFO was up modestly year-over-year and guidance was maintained.

  • Core FFO for Q1 reached $2.04 per share, rising 2% year-over-year.
  • Same-store revenue growth accelerated to 1.7% (up from 0.4% in Q4 2025); same-store NOI rose 1.2%.
  • Same-store occupancy was 93%, a slight year-over-year decline but improved sequentially since year-end.
  • Expense management was solid overall, though utilities and maintenance costs ran higher due to weather impacts.
  • 2026 core FFO guidance ($8.05 to $8.35 per share) and same-store outlook were maintained, with management citing both positive trends and ongoing macro uncertainty.
📅
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Key Metrics
Earnings dateJuly 29, 2026
P/E31.23
EPS4.46
Book Value63.13
Price to Book2.21
Debt/Equity98.09
% Insiders0.938%
Growth
Revenue Growth0.04%
Earnings Growth-0.11%
Estimates
Forward P/E29.10
Forward EPS4.79
Target Mean Price152.90
Dividend
Dividend Yield4.50%
Annual dividends6.48 USD
Ex-Div. DateJune 15, 2026
Payout145.41%
5y avg Yield3.33%

DCF Valuation

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DCF Result

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Extra Space Storage Inc. Logo Extra Space Storage Inc. Analysis (EXR)

United States Real Estate Official Website Stock

Is Extra Space Storage Inc. a good investment? Extra Space Storage Inc. (EXR) is currently trading at 143.76 USD. Market analysts have a consensus price target of 152.90 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 31.23. This high multiple suggests investors have priced in significant future growth expectations.

Earnings Schedule: Extra Space Storage Inc. is expected to release its next earnings report on July 29, 2026. The market consensus estimate for Forward EPS is 4.79.

For income investors, Extra Space Storage Inc. pays a dividend yield of 4.50%. With a payout ratio of 145%, the dividend appears to be under pressure.

Investor FAQ

Does Extra Space Storage Inc. pay a dividend?

Yes, it pays an annual dividend of 6.48 USD (4.50% yield).

What asset class is Extra Space Storage Inc.?

Extra Space Storage Inc. is classified as a Stock. You can compare it against 4 other assets in the "Related Symbols" list on this page.

When is the next earnings date?

The next earnings date is projected to be July 29, 2026. The company currently has a trailing EPS of 4.46.

Company Profile

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 December 31, 2025, the Company owned and/or operated 4,281 self-storage stores in 43 states and Washington, D.C. Its stores comprise approximately 2.9 million units and approximately 330.4 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.

Exchange Ticker
NYQ (United States) EXR
FRA (Germany) FG8.F
STU (Germany) FG8.SG
SAO (Brazil) E1XR34.SA
Dividend Yield

4.50% (5y avg: 3.33%)

Annual Dividends

6.48 USD

Next ex. div date

June 15, 2026

Payout Ratio

145.41%

Historical Dividends
Year Total Dividends
2027 1.90 USD
2026 7.96 USD
2025 6.48 USD
2024 6.48 USD
2023 6.48 USD
2022 6.00 USD
2021 4.50 USD
2020 3.60 USD
2019 3.56 USD
2018 3.36 USD
2017 3.12 USD
2016 2.93 USD
2015 2.24 USD
2014 1.81 USD
2013 1.45 USD
2012 0.85 USD
2011 0.56 USD
2010 0.40 USD
2009 0.38 USD
2008 1.00 USD
2007 0.93 USD
2006 0.91 USD
2005 0.91 USD
2004 0.34 USD

Yearly aggregated dividends

Dividends

Extra Space Storage Inc.
Jun 30, 2026 Upcoming
Dividend
1.62 USD
Extra Space Storage Inc.
Mar 31, 2026 Paid
Dividend
1.62 USD
Extra Space Storage Inc.
Dec 31, 2025 Paid
Dividend
1.62 USD
Extra Space Storage Inc.
Sep 30, 2025 Paid
Dividend
1.62 USD
Extra Space Storage Inc.
Jun 30, 2025 Paid
Dividend
1.62 USD

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