Extra Space Storage is a real estate investment trust that owns and operates self-storage facilities across the United States. Customers rent units by the month to store household goods or business inventory. The company earns most of its revenue from rental income, supplemented by tenant insurance, fees for managing facilities owned by third parties, and a tenant reinsurance program. Occupancy levels and rental rates are the main drivers of results.
The X-Ray Score for Extra Space Storage Inc. is 63 out of 100. Revenue over the last twelve months was $3.4 billion, and it grew 20.6% a year over the past three years. The business shows an operating margin of 40.9% and a return on invested capital of 10%. A dividend is paid, with a yield of 4.6%.
Written with AI from public information and the filing figures on this page, then checked automatically for unsupported numbers. It can contain mistakes: read the company's own filings below before relying on it.
52-wk range $120.04 – $157.03Volume 1,206,100Daily, split-adjusted
Vitals
Market cap$30.8B
52-week range$120.04 – $157.03
Volume (last day)1,206,100
P/E (TTM)31.8
EBIT / EV yield4.6%
Free-cash-flow yield5.0%
Dividend yield4.6%
Revenue (TTM)$3.4B
Net income (TTM)$958M
Operating margin40.9%
Return on capital9.5%
Debt incl. leasesData missing
Cash & securities$695M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies like Apple). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
Not rated
REIT valuation (FFO multiples + DDM) not built yet: not rated
What this means
Read the lenses below
A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Real Estate peers. Open a lens to see the numbers behind it.
ValuationStrong
73/100
Cheap against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield4.6%
Free-cash-flow yield5.0%
GrowthFair
64/100
Growing at a typical pace for its sector.
See the numbers →
Revenue growth (3y)20.6%
EPS growth (3y)-10.5%
Growth consistency100%
ProfitabilityFair
52/100
Returns on capital are typical for its sector.
See the numbers →
Return on invested capital9.5%
Operating margin40.9%
Gross profitability8.5%
Financial healthFair
65/100
Balance sheet is in typical shape for its sector.
See the numbers →
Piotroski F-Score6 / 9
Interest coverNo interest cost
DividendsFair
61/100
Dividend is typical for its sector.
See the numbers →
Dividend yield4.6%
Dividends vs free cash flow93%
Dividend growth19.5%
Quarterly results: last 6 quarters
+2.6%Mar '25
+3.8%Jun '25
+4.1%Sep '25
+4.3%Dec '25
+4.4%Mar '26
+3.9%Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $874M, diluted EPS $1.25.
Other Self-Storage REITs companies by X-Ray Score.
Fundamentals checklist
● 7 Good · ● 5 Average · ● 0 Bad
Cash quality
Earnings backed by cashAverage
Free-cash-flow yieldGood
Risk models
Piotroski F-ScoreAverage
Growth
EPS growth (3y)Average
Free-cash-flow growth (3y)Good
Revenue growth (3y)Good
Growth consistencyGood
Balance sheet
Interest coverGood
Valuation
EBIT / EV yieldGood
Profitability
Return on invested capitalGood
Operating marginAverage
Gross profitabilityAverage
Each check is graded against the company's sector, not a fixed number. Checklist score 69/100.
Financials
FY21
FY22
FY23
FY24
FY25
Revenue
$1.6B
$1.9B
$2.6B
$3.3B
$3.4B
Operating income
$976M
$1.1B
$1.2B
$1.3B
$1.4B
Net income
$828M
$861M
$803M
$855M
$974M
Operating cash flow
$952M
$1.2B
$1.4B
$1.9B
$1.9B
Operating margin
61.9%
54.6%
45.7%
40.6%
41.8%
Free cash flow
–
$45M
$1.3B
$1.4B
$1.3B
Diluted EPS
$6.19
$6.41
$4.74
$4.03
$4.59
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 1 neutral · 5 bearish
Weekly
Bullish
8 bullish · 1 neutral · 3 bearish
Monthly
Strongly bullish
7 bullish · 1 neutral · 0 bearish
Moving averages (daily)
SMA 10
134.5
Bullish
EMA 10
135.4
Bullish
SMA 20
134.0
Bullish
EMA 20
135.2
Bullish
SMA 50
138.4
Bullish
EMA 50
137.4
Bullish
SMA 100
141.6
Bearish
EMA 100
139.0
Bullish
SMA 200
139.2
Bullish
EMA 200
138.8
Bullish
Oscillators (daily)
RSI (14)
61.04
Neutral
MACD (12, 26)
-0.40
Bearish
Momentum (12)
6.16
Bullish
Stochastic %K (14)
86.96
Bearish
Williams %R (14)
-13.04
Bearish
CCI (20)
245.1
Bearish
Pivot points (classic, last session)
S3
134.0
S2
135.7
S1
137.7
Pivot
139.3
R1
141.3
R2
142.9
R3
144.9
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
6.48 USD
Yield on today's price
4.64%
Frequency
Quarterly
Next ex-dividend date
Not announced
Ex-dividend date
Amount per share
15 Sep 2026
1.6200
15 Jun 2026
1.6200
16 Mar 2026
1.6200
15 Dec 2025
1.6200
15 Sep 2025
1.6200
16 Jun 2025
1.6200
14 Mar 2025
1.6200
16 Dec 2024
1.6200
16 Sep 2024
1.6200
14 Jun 2024
1.6200
14 Mar 2024
1.6200
14 Dec 2023
1.6200
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.