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Extra Space Storage Inc. (EXR)

Real Estate | REIT - Industrial | Salt Lake City, United States | NYSE
142.91 USD +0.12 (0.084%) ⇧ (Aug. 28, 2026, 4 p.m. EDT)
After hours: 143.00 +0.09 (0.063%) ⇧ (Aug. 28, 2026, 7:55 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:★★☆☆☆
Hot Take | Aug. 22, 2026, 2:38 a.m. EDT

EXR presents a high-yield proposition at 4.4%, yet the payout ratio exceeds 140%, indicating dividends are being funded beyond current earnings, which poses a long-term sustainability risk. While the nine-year price history shows a robust 75% gain, the most recent annual performance was a decline, suggesting cyclical pressure. Options data reveals a defensive posture with elevated put implied volatility, though call interest targets a modest recovery. With a payout ratio this high and earnings growth lagging, the stock serves better as a speculative income play than a core holding.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.019028
MSTL0.040373
AutoETS0.046543
AutoARIMA0.046546

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 65%
H-stat 0.90
Ljung-Box p 0.006
Jarque-Bera p 0.626
Excess Kurtosis -0.51
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-09-14
Last Dividend Date 2026-06-14
Debt to Equity Ratio 101.674
Revenue per Share 16.611
Market Cap 31,540,600,832
Trailing P/E 31.55
Forward P/E 29.73
Beta 1.19
Profit Margins 27.28%
Website https://www.extraspace.com

As of Aug. 22, 2026, 2:38 a.m. EDT: Speculators are hedging downside risk with significant put open interest at strikes below current price, while call interest clusters around the 155-160 range, implying a modest upside target. Implied volatility remains elevated across expirations, suggesting uncertainty around the upcoming earnings report.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.10% 4.61% 4.16% 4.01%
Dividend History
Date Dividend Yield %
2026-06-15 1.620 1.104671
2026-03-16 1.620 1.161290
2025-12-15 1.620 1.215304
2025-09-15 1.620 1.127113
2025-06-16 1.620 1.087467
2025-03-14 1.620 1.117318
2024-12-16 1.620 1.041131
2024-09-16 1.620 0.912008
2024-06-14 1.620 1.034681
2024-03-14 1.620 1.138360
2023-12-14 1.620 1.047120
2023-09-14 0.610 0.483321
2023-07-12 1.010 0.664999
2023-06-14 1.620 1.130338
2023-03-14 1.620 1.029421
2022-12-13 1.500 0.951535
2022-09-14 1.500 0.782677
2022-06-14 1.500 0.944941
2022-03-14 1.500 0.783904
2021-12-14 1.250 0.595919
2021-09-14 1.250 0.680976
2021-06-14 1.000 0.625234
2021-03-12 1.000 0.759244
2020-12-14 0.900 0.819075
2020-09-14 0.900 0.808407
2020-06-12 0.900 0.930617
2020-03-13 0.900 0.931870
2019-12-13 0.900 0.879851
2019-09-13 0.900 0.775060
2019-06-13 0.900 0.832948
2019-03-14 0.860 0.859570
2018-12-13 0.860 0.882957
2018-09-13 0.860 0.955237
2018-06-14 0.860 0.881780
2018-03-14 0.780 0.905292
2017-12-14 0.780 0.900693
2017-09-14 0.780 0.995279
2017-06-13 0.780 1.037234
2017-03-13 0.780 1.064846
2016-12-15 0.780 1.077646
2016-09-13 0.780 1.024025
2016-06-13 0.780 0.889700
2016-03-11 0.590 0.677538
2015-12-11 0.590 0.691920
2015-09-11 0.590 0.808551
2015-06-11 0.590 0.879285
2015-03-12 0.470 0.723968
2014-12-11 0.470 0.797151
2014-09-11 0.470 0.893536
2014-06-11 0.470 0.883625
2014-03-12 0.400 0.812678
2013-12-11 0.400 0.982077
2013-09-12 0.400 0.920810
2013-06-12 0.400 0.975372
2013-03-13 0.250 0.655824
2012-12-06 0.250 0.710227
2012-09-13 0.200 0.578871
2012-06-13 0.200 0.705467
2012-03-13 0.200 0.739098
2011-12-07 0.140 0.578035
2011-09-13 0.140 0.676002
2011-06-13 0.140 0.704580
2011-03-11 0.140 0.711021
2010-12-08 0.100 0.585823
2010-09-13 0.100 0.617665
2010-06-11 0.100 0.685871
2010-03-11 0.100 0.796178
2009-12-08 0.130 1.181818
2009-03-11 0.250 4.844961
2008-12-11 0.250 3.001201
2008-09-11 0.250 1.602564
2008-06-11 0.250 1.601538
2008-03-12 0.250 1.605652
2007-12-12 0.250 1.786991
2007-09-12 0.228 1.568088
2007-06-13 0.228 1.362007
2007-03-13 0.228 1.144578
2006-12-13 0.228 1.265261
2006-09-13 0.228 1.334895
2006-06-13 0.228 1.521014
2006-03-13 0.228 1.453155
2005-12-13 0.228 1.525084
2005-09-13 0.228 1.483409
2005-06-13 0.228 1.586639
2005-03-11 0.228 1.658182
2004-12-09 0.228 1.658182
2004-09-13 0.111 0.809628
Additional Data
dividendRate 6.48
dividendYield 4.54
exDividendDate 2026-09-15
trailingAnnualDividendRate 6.48
trailingAnnualDividendYield 0.04538133
lastDividendValue 1.62
lastDividendDate 2026-06-15
dividendDate 2026-09-30

Info Dump

Attribute Value
52 Week Change 0.013701558
Address1 2,795 East Cottonwood Parkway
Address2 Suite 300
All Time High 228.84
All Time Low 4.93
Ask 143.24
Ask Size 200
Audit Risk 3
Average Analyst Rating 2.4 - Buy
Average Daily Volume10 Day 780,080
Average Daily Volume3 Month 1,136,332
Average Volume 1,136,332
Average Volume10Days 780,080
Beta 1.185
Bid 143.12
Bid Size 200
Board Risk 9
Book Value 62.752
City Salt Lake City
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 6
Country United States
Crypto Tradeable 0
Currency USD
Current Price 142.91
Current Ratio 0.886
Custom Price Alert Confidence HIGH
Date Short Interest 1,786,665,600
Day High 143.79
Day Low 142.72
Debt To Equity 101.674
Display Name Extra Space Storage
Dividend Date 1,790,726,400
Dividend Rate 6.48
Dividend Yield 4.54
Earnings Call Timestamp End 1,785,344,400
Earnings Call Timestamp Start 1,785,344,400
Earnings Growth 0.06
Earnings Quarterly Growth 0.055
Earnings Timestamp 1,785,268,800
Earnings Timestamp End 1,793,217,600
Earnings Timestamp Start 1,793,217,600
Ebitda 2,310,663,936
Ebitda Margins 0.65809995
Enterprise To Ebitda 19.401
Enterprise To Revenue 12.768
Enterprise Value 44,830,056,448
Eps Current Year 4.59088
Eps Forward 4.80645
Eps Trailing Twelve Months 4.53
Esg Populated 0
Ex Dividend Date 1,789,430,400
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 801 365 4855
Fifty Day Average 147.0874
Fifty Day Average Change -4.1773987
Fifty Day Average Change Percent -0.028400792
Fifty Two Week Change Percent 1.3701558
Fifty Two Week High 158.88
Fifty Two Week High Change -15.970001
Fifty Two Week High Change Percent -0.10051612
Fifty Two Week Low 125.71
Fifty Two Week Low Change 17.200005
Fifty Two Week Low Change Percent 0.13682288
Fifty Two Week Range 125.71 - 158.88
Financial Currency USD
First Trade Date Milliseconds 1,092,663,000,000
Five Year Avg Dividend Yield 3.72
Float Shares 208,858,972
Forward Eps 4.80645
Forward P E 29.732964
Free Cashflow 1,499,437,568
Full Exchange Name NYSE
Full Time Employees 8,393
Fullday Change 0.12001
Fullday Change Percent 0.0840468
Fullday Price 143.0
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,785,542,400
Gross Margins 0.74919
Gross Profits 2,630,489,088
Has Pre Post Market Data 1
Held Percent Insiders 0.009430001
Held Percent Institutions 0.99788004
Implied Shares Outstanding 220,702,548
Industry REIT - Industrial
Industry Disp REIT - Industrial
Industry Key reit-industrial
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 1.62
Last Fiscal Year End 1,767,139,200
Long Business Summary 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.
Long Name Extra Space Storage Inc.
Market us_market
Market Cap 31,540,600,832
Market State CLOSED
Max Age 86,400
Message Board Id finmb_8057672
Most Recent Quarter 1,782,777,600
Net Income To Common 956,073,984
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 30,167,180,186
Number Of Analyst Opinions 20
Open 143.32
Operating Cashflow 1,901,193,984
Operating Margins 0.45882
Overall Risk 9
Payout Ratio 1.4305
Peg Ratio 6.25
Phone 801 365 4600
Post Market Change 0.08999634
Post Market Change Percent 0.06297413
Post Market Price 143.0
Post Market Time 1,787,961,352
Previous Close 142.79
Price Eps Current Year 31.12911
Price Hint 2
Price To Book 2.2773776
Price To Sales Trailing12 Months 8.983072
Profit Margins 0.2728
Quick Ratio 0.305
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.38095
Region US
Regular Market Change 0.12001
Regular Market Change Percent 0.0840468
Regular Market Day High 143.79
Regular Market Day Low 142.72
Regular Market Day Range 142.72 - 143.79
Regular Market Open 143.32
Regular Market Previous Close 142.79
Regular Market Price 142.91
Regular Market Time 1,787,947,203
Regular Market Volume 813,288
Return On Assets 0.03358
Return On Equity 0.06953
Revenue Growth 0.038
Revenue Per Share 16.611
Sand P52 Week Change 0.20504117
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 9
Shares Outstanding 211,269,558
Shares Percent Shares Out 0.0231
Shares Short 4,875,830
Shares Short Previous Month Date 1,784,073,600
Shares Short Prior Month 4,590,724
Short Name Extra Space Storage Inc
Short Percent Of Float 0.031600002
Short Ratio 3.91
Source Interval 15
State UT
Symbol EXR
Target High Price 178.0
Target Low Price 140.0
Target Mean Price 158.2
Target Median Price 158.0
Total Cash 696,604,032
Total Cash Per Share 3.297
Total Debt 14,414,687,232
Total Revenue 3,511,115,008
Tradeable 0
Trailing Annual Dividend Rate 6.48
Trailing Annual Dividend Yield 0.04538133
Trailing Eps 4.53
Trailing P E 31.54746
Trailing Peg Ratio 6.1651
Triggerable 1
Two Hundred Day Average 141.09045
Two Hundred Day Average Change 1.8195496
Two Hundred Day Average Change Percent 0.012896334
Type Disp Equity
Volume 813,288
Website https://www.extraspace.com
Zip 84,121-7033