Extra Space Storage, Inc. | REIT Profile

Symbol: EXR
CIK: 1289490
Exchange: NYSE
Founded: 1977 (44 years)
HQ: Salt Lake City, UT, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Large-Cap
REIT Sector: Self Storage

See EXR on Google Finance
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See EXR on SEC.gov

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Overall Score: 8.9

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


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Hightlights of Trading Day October 15, 2021


Open Price: $184.59
Closing Price: $182.97
Price Change: -0.73 (-0.397%)
Lowest Price: $182.03
Highest Price: $184.75

52-Week Low: $103.29
52-Week High: $193.36
52-Week Change: 64.52%

5 Day Price Change: 6.54%
1 Month Price Change: 0.08%
3 Month Price Change: 7.30%
6 Month Price Change: 33.86%
YTD Price Change: 61.88%
1 Year Price Change: 66.80%
2 Year Price Change: 70.10%
5 Year Price Change: 188.62%

Dividend of Trading Day October 15, 2021


Dividend Yield: 2.733%*
Annualized Dividend: $5*
Dividend Yield (TTM): 2.238%
Annualized Dividend (TTM): $4.1119
Ex-Dividend Date: 2021-09-14
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)


Funds From Operations (FFO)

Key Stats of Trading Day October 15, 2021


Total Cash: $56,006,000
Current Debt: $212,795,000
Revenue: $1,434,001,000
Gross Profit: $1,434,001,000
Total Revenue: $1,434,001,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $980,023,000
Revenue Per Share: $11
Revenue Per Employee: $354,249
Employee: 4,013
Debt to Equity Ratio (D/E): 3.19
Profit Margin: 0.45%
Enterprise Value (EV): $29,368,080,203
Enterprise Value to Revenue (EV/R): 20.48
Price to Sales (P/S): 16.77
Price to Book (P/B): 8.10
Peg Ratio: 0.73
P/E Ratio: 37.96
P/E High: 23.04
P/E Low: 17.39
Forward P/E Ratio: 36.18
Market Capitalization: $24,482,725,706
Beta: 0.35
Latest Volume: 757,329.00
Avg. Total Volume: 603,778
Avg. 10 Volume: 487,939.00
Avg. 30 Volume: 603,778.00
TTM EPS: 4.82
TTM Dividend Rate: 4.11
Shares Outstanding: 133,807,322
Float: N/A
50-Day Moving Avg.: 179.21
200-Day Moving Avg.: 162.42

Latest REIT Community Comments on #EXR


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Properties Owned by EXR


Properties Based on REIT's Official Presentation

Properties Types States Countries
1,523 1 35 1

Please visit REIT’s official webpage for the most up-to-date property list.

EXR Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website


Properties Based on Earnings Report's 10-K

Occupancy Rate



Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $105.64 per share you would have been able to buy 9 shares of EXR on 2020-10-15 costing $950.76 @ $105.64 per share you would have been able to buy 4 shares of EXR on 2020-10-15 costing $422.56 @ $105.64 per share you would have been able to buy 2 shares of EXR on 2020-10-15 costing $211.28 @ $105.64 per share you would have been able to buy 0 shares of EXR on 2020-10-15 costing $0.00 @ $105.64 per share you would have been able to buy 0 shares of EXR on 2020-10-15 costing $0.00
Current worth On 2021-10-15 these 9 shares would be worth $1,646.73 @ $182.97 On 2021-10-15 these 4 shares would be worth $731.88 @ $182.97 On 2021-10-15 these 2 shares would be worth $365.94 @ $182.97 On 2021-10-15 these 0 shares would be worth $0.00 @ $182.97 On 2021-10-15 these 0 shares would be worth $0.00 @ $182.97
Dividends earned $37.35 in dividends would have been earned since 2020-10-15 with 9 shares. $17 in dividends would have been earned since 2020-10-15 with 4 shares. $8.30 in dividends would have been earned since 2020-10-15 with 2 shares. $0.00 in dividends would have been earned since 2020-10-15 with 0 shares. $0.00 in dividends would have been earned since 2020-10-15 with 4 shares.
Net (gain / loss)* 733.32 USD 325.92 USD 162.96 USD 0.00 USD 0.00 USD
ROI** 77.13% 77.13% 77.13% nan% nan%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by EXR. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
EXR 2021-09-14 1.250 25.00% 2021-08-23 2021-09-15 2021-09-30
EXR 2021-06-14 1.000 --- 2021-05-27 2021-06-15 2021-06-30
EXR 2021-03-12 1.000 11.11% 2021-02-18 2021-03-15 2021-03-31
EXR 2020-12-14 0.900 --- 2020-11-12 2020-12-15 2020-12-31
EXR 2020-09-14 0.900 --- 2020-08-21 2020-09-15 2020-09-30
EXR 2020-06-12 0.900 --- 2020-05-15 2020-06-15 2020-06-30
EXR 2020-03-13 0.900 --- 2020-02-13 2020-03-16 2020-03-31
EXR 2019-12-13 0.900 --- 2019-11-11 2019-12-16 2019-12-31
EXR 2019-09-13 0.900 --- 2019-08-26 2019-09-16 2019-09-30
EXR 2019-06-13 0.900 4.65% 2019-05-23 2019-06-14 2019-06-28
EXR 2019-03-14 0.860 --- 2019-02-14 2019-03-15 2019-03-29
EXR 2018-12-13 0.860 --- 2018-11-13 2018-12-14 2018-12-31
EXR 2018-09-13 0.860 --- 2018-08-24 2018-09-14 2018-09-28
EXR 2018-06-14 0.860 10.26% 2018-05-24 2018-06-15 2018-06-29
EXR 2018-03-14 0.780 --- 2018-02-15 2018-03-15 2018-03-29
EXR 2017-12-14 0.780 --- 2017-11-10 2017-12-15 2017-12-29
EXR 2017-09-14 0.780 --- 2017-08-25 2017-09-15 2017-09-29
EXR 2017-06-13 0.780 --- 2017-05-22 2017-06-15 2017-06-30
EXR 2017-03-13 0.780 --- 2017-02-16 2017-03-15 2017-03-31
EXR 2016-12-15 0.780 --- 2016-12-08 2016-12-19 2016-12-30

Financial Statements Overview


Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Current Cash 56,006,000 60,330,000 109,124,000 74,803,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 624,787,000 604,055,000 702,934,000 74,803,000
Current Assets (Other) 0 0 593,810,000 0
Short Term Investments 568,781,000 543,725,000 593,810,000 0
Long-term Investments 8,838,305,000 8,732,557,000 8,692,914,000 8,686,301,000
Property, Plant & Equipment Net 8,113,074,000 7,944,395,000 7,893,802,000 7,755,947,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 126,331,000 133,267,000 130,611,000 320,643,000
Net Tangible Assets 2,968,088,000 2,921,969,000 2,547,779,000 2,389,284,000
Total Assets 9,463,092,000 9,336,612,000 9,395,848,000 8,761,104,000
Accounts Payable 0 0 0 0
Liabilities (Other) 280,049,000 287,461,000 272,798,000 245,602,000
Current Liabilities (Other) 212,795,000 191,133,000 177,138,000 200,365,000
Total Current Liabilities 212,795,000 191,133,000 177,138,000 200,365,000
Current Long-term Debt 0 0 0 0
Long-term Debt 5,370,882,000 5,300,417,000 5,746,303,000 5,280,222,000
Total Liabilities 6,495,004,000 6,414,643,000 6,848,069,000 6,371,820,000
Minority Interest 392,867,000 392,680,000 388,345,000 378,538,000
Common Stock 133,756,610 132,007,556 131,083,002 2,890,883,000
Retained Earnings -250,271,000 -284,442,000 -354,900,000 -392,891,000
Treasury Stock 0 0 0 0
Capital Surplus 0 0 0 0
Shareholder Equity 2,968,088,000 2,921,969,000 2,547,779,000 2,389,284,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Total Revenue 378,630,000 358,857,000 353,490,000 343,024,000
Cost of Revenue 0 0 0 0
Gross Profit 378,630,000 358,857,000 353,490,000 343,024,000
Research and Development 0 0 0 0
Selling General and Admin 26,341,000 23,540,000 24,352,000 23,894,000
Operating Expense 181,801,000 181,667,000 175,816,000 179,817,000
Operating Income 196,829,000 177,190,000 177,674,000 163,207,000
Income Expense Net (Other) 0 0 0 0
EBIT 211,402,000 184,146,000 184,343,000 168,812,000
Interest Income 27,402,000 28,391,000 32,312,000 40,301,000
Pretax Income 184,000,000 219,638,000 170,106,000 128,511,000
Income Tax 5,421,000 4,137,000 3,797,000 4,657,000
Minority Interest 10,631,000 12,503,000 10,253,000 9,221,000
Net Income 167,716,000 202,686,000 155,513,000 114,633,000
Net Income Basic 167,716,000 202,686,000 155,513,000 114,633,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2021-06-30 2021-03-31 2020-12-31 2020-09-30
Net Income 167,716,000 202,686,000 155,513,000 114,633,000
Depreciation 59,570,000 58,599,000 224,444,000 167,705,000
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change 56,006,000 60,330,000 109,124,000 18,406,000
Cash Flow 259,808,000 203,880,000 187,965,000 583,267,000
Capital Expenditures -13,076,000 -14,783,000 -74,393,000 -49,519,000
Investments 0 0 0 0
Investing Activity (Other) 0 0 0 0
Total Investing Cash Flows -102,707,000 -42,595,000 -591,582,000 -363,845,000
Dividends Paid 0 0 0 0
Net Borrowings 4,746,095,000 4,696,362,000 5,043,369,000 5,205,419,000
Cash Flow Financing -74,957,000 -311,689,000 451,052,000 -209,581,000
Financing Cash Flows (Other) 0 0 0 0
Exchange Rate Effect 0 0 0 0

About Extra Space Storage, Inc.


Extra Space Storage Inc., headquartered in Salt Lake City, is a fully integrated, self-administered and self-managed real estate investment trust. As of December 31, 2016, the Company owned and/or operated 1,427 self-storage properties in 38 states, Washington, D.C. and Puerto Rico. The Company's properties comprise approximately 960,000 units and approximately 107 million square feet of rentable storage space offering customers conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage properties in the United States and is the largest self-storage management company in the United States.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
10 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
10 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.4
9 Dividend to FFO Core Payout Ratio Health: Analysis of the REIT’s Dividend to FFO Core Payout Ratios during the last four quarters. 8.8
8 Dividend to FFO Core Payout Ratio Trend: Analysis of the REIT’s Dividend to FFO Core Payout Ratios trend during the last two years. 7.7
Rating AFFO & Efficiency Section Avg. Rating
10 FFO Core Trend: Analysis of the REIT’s FFO Core trend during the last two years. 7.8
8 FFO Core to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. 6.8
10 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 8.7
10 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 9.2
Rating Leverage Section Avg. Rating
10 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.4
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.9
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.9
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
4 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 4.9
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.7
Rating Asset & Revenue Section Avg. Rating
9 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 5.3
9 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.0
Rating Properties Section Avg. Rating
9 Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. 7.1
10 Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. 6.3
9 Portfolio of Properties: Analysis of the REIT's property's strength, size, and geographic distribution. 8.2
8 Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. 7.9
Rating Market Cap Section Avg. Rating
9 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.6
8.9 Overall REITRating™ Score (See trend) 6.2

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

Related REITs


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Life Storage, Inc. (LSI) 8.0 NYSE Large-Cap Self Storage United States

Last updated: 2021-10-15 - v1.9