Extra Space Storage Inc
Research Extra Space Storage Inc (EXR) on Bullrun: valuation model: 5.3% overvalued, market cap USD 30.61B, P/E 32.4, dividend yield 4.5%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerEXR
- ExchangeNYSE
- CountryUnited States
- SectorReal Estate
- IndustryREIT-Industrial
- CurrencyUSD
- Valuation signal5.3% overvalued
- Market capUSD 30.61B
- P/E32.4
- Dividend yield4.5%
- Financial periodQ1 2026
- RevenueUSD 856.03M
- Net incomeUSD 240.98M
- Free cash flowUSD 487.00M
- Gross margin70.1%
Valuation Snapshot
Bullrun's latest valuation model marks Extra Space Storage Inc as 5.3% overvalued; latest market cap is USD 30.61B; P/E is 32.4; dividend yield is 4.5%.
Peer valuation comparison
Latest P/E is 32.44x versus a Real Estate sector median of 14.84x (118.6% above).
Latest dividend yield is 4.54% versus a Real Estate sector median of 4.71% (3.5% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 129.48M | USD 974.00M | USD 1.29B | -609.1% | 4.59 | USD 138.92M | USD 13.99B | USD 13.43B |
| FY2024 | USD 120.86M | USD 854.68M | USD 1.41B | -588.1% | 4.03 | USD 138.22M | USD 13.03B | USD 13.95B |
| FY2023 | USD 101.99M | USD 803.20M | USD 1.27B | -500.1% | 4.74 | USD 99.06M | USD 11.25B | USD 14.39B |
| FY2022 | USD 83.90M | USD 860.69M | USD 44.88M | -418.9% | 6.41 | USD 92.87M | USD 7.23B | USD 3.26B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 30.61B | 32.4 | 4.5% | 6.48 |
| 2025 | 2025-12-31 | USD 27.50B | 28.7 | 5.0% | 6.48 |
| 2024 | 2024-12-31 | USD 31.71B | 37.1 | 4.3% | 6.48 |
| 2023 | 2023-12-29 | USD 33.87B | 29.6 | 4.0% | 6.48 |
| 2022 | 2022-12-30 | USD 19.71B | 21.4 | 4.1% | 6 |
| 2021 | 2021-12-31 | USD 30.36B | 36.7 | 2.0% | 4.5 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 6.48 USD, yield 4.5%.
| Year | Dividends/share |
|---|---|
| FY2025 | 6.48 USD |
| FY2024 | 6.48 USD |
| FY2023 | 6.48 USD |
| FY2022 | 6 USD |
About Extra Space Storage Inc
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.
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Frequently asked questions
Is Extra Space Storage Inc overvalued or undervalued?
Bullrun's valuation model currently marks Extra Space Storage Inc as 5.3% overvalued.
What is Extra Space Storage Inc's market cap?
Extra Space Storage Inc's market capitalization is USD 30.61B.
What is Extra Space Storage Inc's P/E ratio?
Extra Space Storage Inc's price-to-earnings (P/E) ratio is 32.4.
Does Extra Space Storage Inc pay a dividend?
Extra Space Storage Inc has a dividend yield of 4.5%.
What does Extra Space Storage Inc do?
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.