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Extra Space Storage Inc. (EXR)

Real Estate | REIT - Industrial | Salt Lake City, United States | NYSE
132.86 USD -0.88 (-0.656%) ⇩ (Oct. 14, 2026, 9:50 a.m. EDT)

Short-term:★★☆☆☆Long-term:★★☆☆☆Dividends:★⯪☆☆☆
Hot Take ↕ | Oct. 10, 2026, 7:37 a.m. EDT

EXR presents a precarious investment case where a high dividend yield masks a fundamentally fragile payout structure. The payout ratio exceeds 140%, meaning the company is distributing more than it earns, which threatens the sustainability of the income stream. Technically, the stock trades below its 50-day and 200-day moving averages, confirming a downtrend that aligns with the weak long-term fundamentals of low ROE and modest revenue growth. While the options market shows a mix of hedging and recovery bets, the underlying balance sheet strain and lack of growth momentum suggest caution is warranted.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.064311
AutoTheta0.064462
AutoETS0.067857
AutoARIMA0.069037

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 47%
H-stat 23.25
Ljung-Box p 0.000
Jarque-Bera p 0.254
Excess Kurtosis -1.14
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-09-14
Last Dividend Date 2026-09-14
Debt to Equity Ratio 101.674
Revenue per Share 16.611
Market Cap 29,323,024,384
Trailing P/E 29.33
Forward P/E 27.52
Beta 1.17
Profit Margins 27.28%
Website https://www.extraspace.com

As of Oct. 10, 2026, 7:37 a.m. EDT: Speculators are positioning for volatility with a distinct skew toward downside protection. Put option implied volatility is significantly higher than call implied volatility, and open interest concentrates at lower strikes (120-130), indicating hedging activity. Conversely, call open interest clusters at higher strikes (145-160), suggesting bets on a potential recovery, though the overall sentiment leans defensive.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.18% 4.66% 4.39% 4.11%
Dividend History
Date Dividend Yield %
2026-09-15 1.620 1.179898
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
dividendYield 4.85
exDividendDate 2026-09-15
trailingAnnualDividendRate 6.48
trailingAnnualDividendYield 0.048452217
lastDividendValue 1.62
lastDividendDate 2026-09-15
dividendDate 2026-09-30

Info Dump

Attribute Value
52 Week Change -0.103559196
Address1 2,795 East Cottonwood Parkway
Address2 Suite 300
All Time High 228.84
All Time Low 4.93
Ask 133.8
Ask Size 100
Audit Risk 3
Average Analyst Rating 2.1 - Buy
Average Daily Volume10 Day 1,470,030
Average Daily Volume3 Month 1,304,439
Average Volume 1,304,439
Average Volume10Days 1,470,030
Beta 1.166
Bid 133.45
Bid Size 100
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 132.8622
Current Ratio 0.886
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 133.66
Day Low 132.8622
Debt To Equity 101.674
Display Name Extra Space Storage
Dividend Date 1,790,726,400
Dividend Yield 4.85
Earnings Call Timestamp End 1,793,217,600
Earnings Call Timestamp Start 1,793,217,600
Earnings Growth 0.06
Earnings Quarterly Growth 0.055
Earnings Timestamp 1,793,131,200
Earnings Timestamp End 1,793,131,200
Earnings Timestamp Start 1,793,131,200
Ebitda 2,310,663,936
Ebitda Margins 0.65809995
Enterprise To Ebitda 18.563
Enterprise To Revenue 12.216
Enterprise Value 42,892,713,984
Eps Current Year 4.64675
Eps Forward 4.82786
Eps Trailing Twelve Months 4.53
Esg Populated 0
Ex Dividend Date 1,789,430,400
Exchange NYQ
Exchange Data Delayed By 20
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 801 365 4855
Fifty Day Average 140.0204
Fifty Day Average Change -7.158203
Fifty Day Average Change Percent -0.051122572
Fifty Two Week Change Percent -10.35592
Fifty Two Week High 158.88
Fifty Two Week High Change -26.017807
Fifty Two Week High Change Percent -0.16375759
Fifty Two Week Low 125.71
Fifty Two Week Low Change 7.152199
Fifty Two Week Low Change Percent 0.05689443
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 3.6
Float Shares 208,858,972
Forward Eps 4.82786
Forward P E 27.519896
Free Cashflow 1,499,437,568
Full Exchange Name NYSE
Full Time Employees 8,393
Fullday Change -0.30999756
Fullday Change Percent -0.23125517
Fullday Price 132.8622
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,790,812,800
Gross Margins 0.74919
Gross Profits 2,630,489,088
Has Pre Post Market Data 1
Held Percent Insiders 0.00944
Held Percent Institutions 0.99679
Implied Shares Outstanding 220,702,548
Industry REIT - Industrial
Industry Disp REIT - Industrial
Industry Key reit-industrial
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,789,430,400
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 29,323,024,384
Market State REGULAR
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 28,276,317,642
Number Of Analyst Opinions 20
Open 133.29
Operating Cashflow 1,901,193,984
Operating Margins 0.45882
Overall Risk 9
Payout Ratio 1.4305
Peg Ratio 5.31
Phone 801 365 4600
Previous Close 133.74
Price Eps Current Year 28.5925
Price Hint 2
Price To Book 2.1172583
Price To Sales Trailing12 Months 8.351485
Profit Margins 0.2728
Quick Ratio 0.305
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.14286
Region US
Regular Market Change -0.8778076
Regular Market Change Percent -0.65635383
Regular Market Day High 133.66
Regular Market Day Low 132.8622
Regular Market Day Range 132.8622 - 133.66
Regular Market Open 133.29
Regular Market Previous Close 133.74
Regular Market Price 132.8622
Regular Market Time 1,791,985,801
Regular Market Volume 16,343
Return On Assets 0.03358
Return On Equity 0.06953
Revenue Growth 0.038
Revenue Per Share 16.611
Sand P52 Week Change 0.17004645
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 0.025999999
Shares Short 5,501,883
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 4,471,810
Short Name Extra Space Storage Inc
Short Percent Of Float 0.0356
Short Ratio 3.62
Source Interval 15
State UT
Symbol EXR
Target High Price 178.0
Target Low Price 140.0
Target Mean Price 157.55
Target Median Price 157.0
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 0.048452217
Trailing Eps 4.53
Trailing P E 29.329403
Trailing Peg Ratio 5.3155
Triggerable 1
Two Hundred Day Average 141.85146
Two Hundred Day Average Change -8.989258
Two Hundred Day Average Change Percent -0.06337092
Type Disp Equity
Volume 16,343
Website https://www.extraspace.com
Zip 84,121-7033