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147.90 USD
P/E
32.88
EPS
4.53
Yield
4.37%
Safety Score
96
P/B
2.37
ROE
6.95
Beta
1.19
Target Price
157.60 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 dateNov. 4, 2026
P/E32.88
EPS4.53
Book Value62.75
Price to Book2.37
Debt/Equity101.67
% Insiders0.942%
Growth
Revenue Growth0.04%
Earnings Growth0.06%
Estimates
Forward P/E31.31
Forward EPS4.76
Target Mean Price157.60
Dividend
Dividend Yield4.37%
Annual dividends6.48 USD
Ex-Div. DateJune 15, 2026
Payout143.13%
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 147.90 USD. Market analysts have a consensus price target of 157.60 USD. This suggests a potential upside from current levels.

In terms of valuation, the stock trades at a P/E ratio of 32.88. 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 Nov. 4, 2026. The market consensus estimate for Forward EPS is 4.76.

For income investors, Extra Space Storage Inc. pays a dividend yield of 4.37%. With a payout ratio of 143%, 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 (4.37% 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 Nov. 4, 2026. The company currently has a trailing EPS of 4.53.

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 June 30, 2026, the Company owned and/or operated 4,410 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 3.0 million units and approximately 341.0 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
FRA (Germany) FG8.F
STU (Germany) FG8.SG
NYQ (United States) EXR
SAO (Brazil) E1XR34.SA
Trades
Dividend Yield
4.37%
5y avg 3.33%
Annual Dividends
6.48USD
Next Ex. Div Date
June 15, 2026
Payout Ratio
143.13%
Dividend History paid per year (USD)
Historical Dividends
Year Total Dividends
2027
3.80 USD
June 30, 2027 (estimated) 1.8999
March 31, 2027 (estimated) 1.8999
2026
7.96 USD
Dec. 31, 2026 (estimated) 1.8909
Sept. 30, 2026 (estimated) 2.8321
June 30, 2026 1.6200
March 31, 2026 1.6200
2025
6.48 USD
Dec. 31, 2025 1.6200
Sept. 30, 2025 1.6200
June 30, 2025 1.6200
March 31, 2025 1.6200
2024
6.48 USD
Dec. 31, 2024 1.6200
Sept. 30, 2024 1.6200
June 28, 2024 1.6200
March 29, 2024 1.6200
2023
6.48 USD
Dec. 29, 2023 1.6200
Sept. 29, 2023 0.6100
July 19, 2023 1.0100
June 30, 2023 1.6200
March 31, 2023 1.6200
2022
6.00 USD
Dec. 30, 2022 1.5000
Sept. 30, 2022 1.5000
June 30, 2022 1.5000
March 31, 2022 1.5000
2021
4.50 USD
Dec. 31, 2021 1.2500
Sept. 30, 2021 1.2500
June 30, 2021 1.0000
March 31, 2021 1.0000
2020
3.60 USD
Dec. 31, 2020 0.9000
Sept. 30, 2020 0.9000
June 30, 2020 0.9000
March 31, 2020 0.9000
2019
3.56 USD
Dec. 31, 2019 0.9000
Sept. 30, 2019 0.9000
June 28, 2019 0.9000
March 29, 2019 0.8600
2018
3.36 USD
Dec. 31, 2018 0.8600
Sept. 28, 2018 0.8600
June 29, 2018 0.8600
March 29, 2018 0.7800
2017
3.12 USD
Dec. 29, 2017 0.7800
Sept. 29, 2017 0.7800
June 30, 2017 0.7800
March 31, 2017 0.7800
2016
2.93 USD
Dec. 30, 2016 0.7800
Sept. 30, 2016 0.7800
June 30, 2016 0.7800
March 31, 2016 0.5900
2015
2.24 USD
Dec. 31, 2015 0.5900
Sept. 30, 2015 0.5900
June 30, 2015 0.5900
March 31, 2015 0.4700
2014
1.81 USD
Dec. 31, 2014 0.4700
Sept. 30, 2014 0.4700
June 30, 2014 0.4700
March 28, 2014 0.4000
2013
1.45 USD
Dec. 31, 2013 0.4000
Sept. 30, 2013 0.4000
June 28, 2013 0.4000
March 29, 2013 0.2500
2012
0.85 USD
Dec. 31, 2012 0.2500
Sept. 28, 2012 0.2000
June 29, 2012 0.2000
March 30, 2012 0.2000
2011
0.56 USD
Dec. 30, 2011 0.1400
Sept. 30, 2011 0.1400
June 30, 2011 0.1400
March 31, 2011 0.1400
2010
0.40 USD
Dec. 31, 2010 0.1000
Sept. 30, 2010 0.1000
June 30, 2010 0.1000
March 31, 2010 0.1000
2009
0.38 USD
Dec. 31, 2009 0.1300
March 31, 2009 0.2500
2008
1.00 USD
Dec. 31, 2008 0.2500
Sept. 30, 2008 0.2500
June 30, 2008 0.2500
March 31, 2008 0.2500
2007
0.93 USD
Dec. 31, 2007 0.2500
Sept. 28, 2007 0.2280
June 29, 2007 0.2280
March 30, 2007 0.2280
2006
0.91 USD
Dec. 29, 2006 0.2280
Sept. 29, 2006 0.2280
June 30, 2006 0.2280
March 31, 2006 0.2280
2005
0.91 USD
Dec. 30, 2005 0.2280
Sept. 30, 2005 0.2280
June 30, 2005 0.2280
March 31, 2005 0.2280
2004
0.34 USD
Dec. 31, 2004 0.2280
Sept. 30, 2004 0.1110
Upcoming Dividends
Name Payment Date Status Amount
Extra Space Storage Inc. Jun 30, 2026 1.62 USD
Extra Space Storage Inc. Mar 31, 2026 1.62 USD
Extra Space Storage Inc. Dec 31, 2025 1.62 USD
Extra Space Storage Inc. Sep 30, 2025 1.62 USD
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