Extra Space Storage is a real estate investment trust headquartered in Cottonwood Heights, Utah that invests in self storage units.
| Revenue (TTM) | $3.51B |
| Gross Profit (TTM) | $2.63B |
| EBITDA | $2.31B |
| Operating Margin | 45.90% |
| Return on Equity | 6.95% |
| Return on Assets | 3.36% |
| Revenue/Share (TTM) | $16.61 |
| Book Value | $62.75 |
| Price-to-Book | 2.36 |
| Price-to-Sales (TTM) | 9.23 |
| EV/Revenue | 13.05 |
| EV/EBITDA | 18.59 |
| Quarterly Earnings Growth (YoY) | 6.00% |
| Quarterly Revenue Growth (YoY) | 3.80% |
| Shares Outstanding | $211.27M |
| Float | $208.86M |
| % Insiders | 0.94% |
| % Institutions | 99.85% |
Volatility is currently contracting
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Apple Hospitality REIT (APLE) and Extra Space Storage (EXR). But which of these two stocks offers value investors a better bang for their buck right now?
Extra Space Storage NYSE: EXR reported second-quarter core funds from operations, or FFO, of $2.15 per share, up 4.9% from a year earlier, as same-store revenue growth accelerated and expenses declined modestly. Management said the company's operating results exceeded its internal forecasts, prompting it to raise full-year guidance.
Extra Space Storage's Q2 results top estimates as stronger same-store NOI and lower same-store expenses fuel growth, while higher 2026 guidance signals improving momentum.
Extra Space Storage is now rated 'hold' as shares approach fair value after a solid run since January. Core FFO guidance was raised to $8.25–$8.40, with NOI growth driven by moderating supply and improving rental rates. EXR maintains a secure 4.3% dividend yield, supported by a strong balance sheet and ongoing deleveraging post-Life Storage acquisition.
SALT LAKE CITY, July 28, 2026 /PRNewswire/ -- Extra Space Storage Inc. (NYSE: EXR) (the "Company"), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500 index, announced operating results for the three and six months ended June 30, 2026. Highlights for the three months ended June 30, 2026: Achieved net income attributable to common stockholders of $1.25 per diluted share, representing a 5.9% increase compared to the same period in the prior year.
EXR heads into Q2 earnings with revenue growth expected, but intense competition could pressure pricing and temper results.
Extra Space Storage benefits from resilient demand, acquisitions and steady expansion, though new supply and higher debt remain headwinds.
REITs are poised for 6-7% earnings growth in coming years, outpacing the historical 3-4% average, with multiple sectors showing accelerating fundamentals. Shopping centers, healthcare (notably senior housing), and data centers are standout sectors, benefiting from robust private market demand, supply constraints, and AI-driven tailwinds. Office REITs see improving leasing, especially from AI-related demand, while quality bifurcation widens; overweight positions in BXP and CUZ reflect this thesis.
Investors with an interest in REIT and Equity Trust - Other stocks have likely encountered both Vornado (VNO) and Extra Space Storage (EXR). But which of these two stocks offers value investors a better bang for their buck right now?
SALT LAKE CITY, June 24, 2026 /PRNewswire/ -- Extra Space Storage Inc. ("Extra Space") (NYSE: EXR), a leading owner and operator of self-storage facilities in the United States and a member of the S&P 500, today announced that its operating partnership, Extra Space Storage LP (the "operating partnership"), has priced a public offering of $550 million aggregate principal amount of 4.900% senior notes due 2032 (the "Notes"). The Notes were priced at 99.702% of the principal amount and will mature on February 1, 2032.
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