Extra Space Storage Inc. (EXR)
Extra Space Storage is a massive American property company that rents out self-storage units to households and businesses across the country.
Is Extra Space Storage Inc. a good stock for a UK beginner?
The honest version: There's no rating here and nothing for sale. In its favour: High profit margins on rental income. Worth weighing: Recent dip in earnings growth.
Is this normal for this company?
Each figure against the range this same company has produced recently. Neither end of a range is the good end.
Share price divided by the earnings actually reported over the four most recent quarters. The range is the same calculation at each of this company's last few results, so roughly the past year.
Profit as a share of sales, from the company's own quarterly statements. The range covers the 5 quarters we hold, and the figure shown is its most recent one.
How these ranges are built
Every number here is the company's own reported figure, not a comparison with other companies. The ranges come from this company's own results and its share price. Where it reports in a different currency from the one its shares trade in, the price-to-earnings range is left out rather than mixing the two.
What does Extra Space Storage Inc. do?
Think of Extra Space Storage as a landlord for your spare stuff; they own and manage thousands of storage facilities where people keep everything from seasonal decorations to business inventory. Monthly rent on these units brings in the cash, and they often manage other storage sites to earn extra fees. Watch how well they keep their units filled, since demand for extra space rises and falls with how often people move house or start new businesses.
On our factor screen it looks strongest on quality and income, and weakest on value.
- ✓Pays a dividend - about 4.4% a year
- ✓Growing - revenue up about 4% over the year
- ✓Very profitable - turns about 27% of sales into profit
- !High P/E of 32 - big growth is already priced in
- —
- Value screens low
- Growth screens low
Does Extra Space Storage Inc. pay a dividend?
Yes - Extra Space Storage Inc. currently pays a dividend of about 4.4% a year, which is £44 a year for every £1,000 invested (the yearly payout as a share of the price). A dividend is a slice of profit handed to shareholders; the yield moves as the price moves, and a company can cut or stop it. An ISA doesn't shelter the US tax on this one →
What do the numbers say about Extra Space Storage Inc.'s dividend?
There's no rating here, and we don't judge whether the dividend will continue - that would be advice. Here are the figures income investors usually look at, and what each one means, so you can weigh it up yourself.
Figures are from the latest available data and can be distorted by one-off results. Past payments don't predict future ones, and a dividend can be cut at any time. This lays out the numbers to help you understand them - it is not a view on what will happen.
Most recent ex-dividend date: 15 Jun 2026. To receive a dividend you must already own the shares before the ex-dividend date; become a holder on or after it and the previous owner keeps that payment. Why the price usually falls that morning →
What do Extra Space Storage Inc.'s numbers mean?
How has it performed?
Growth of £1,000, the worst fall, and year by year
Over about 2 years to 2026-09-11. This is the share price only - reinvesting the dividends would add to it. And it's the USD return - as a UK investor your actual £ return also moves with the exchange rate. Past performance is not a guide to the future, and it could just as easily have fallen.
How much has Extra Space Storage Inc. actually fallen?
Over the last 2 years of daily prices, Extra Space Storage Inc. fell as much as −31% from a high to a later low. Falls like this are normal when you own a share.
Past falls are not a forecast - it can fall further, or recover.
How has it done year by year?
Calendar-year total return - the share price with dividends reinvested - from adjusted closing prices. The current year is only part-complete. Past returns are not a guide to the future.
A closer look at the numbers
Ownership, earnings history, where the money goes, and the outlook range
Does the share price tell you if it's cheap or expensive?
Based on beta - how much the price swings versus the whole market. Bumpier isn't bad; it just means a rougher ride, which matters more the sooner you might need the money.
Prices move on results, news and the mood of the whole market - no single headline explains a day, and a quiet week is usually just noise, not a signal.
How much money does Extra Space Storage Inc. make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Where does each £100 of Extra Space Storage Inc.'s sales go?
A rough split of the latest full-year figures: of every £100 of sales, about £25 covers making the product or service, £48 goes on running costs, tax and interest, and about £27 is left as profit. Margins vary a lot by industry, and one-off items can distort a single year.
When does Extra Space Storage Inc. report earnings, and how did recent quarters go?
Extra Space Storage Inc. is next scheduled to report on about 2026-10-28 - dates can move, and we don't predict results; this just tells you when to look.
‘Beat’ and ‘missed’ are against what analysts expected, not whether the business is doing well.
| Reported | Expected EPS: The earnings per share analysts expected for the quarter - the average of their forecasts. 'Beating' or 'missing' is measured against this number. | Actual EPS | vs expected |
|---|---|---|---|
| 2026-07-28 | $1.15 | $1.25 | Beat +9% |
| 2026-04-28 | $1.10 | $1.14 | Beat +3% |
| 2026-02-19 | $1.15 | $1.36 | Beat +18% |
| 2025-10-29 | $1.19 | $0.78 | Missed -34% |
| 2025-07-30 | $1.18 | $1.18 | In line |
| 2025-04-29 | $1.03 | $1.28 | Beat +25% |
Across the last 6 quarters here, Extra Space Storage Inc. came in ahead of what analysts expected 4 times. One quarter is noise, not a trend.
See who else reports over the next two weeks →
Where these figures come from
Each quarter a company reports its results against a consensus of analyst forecasts. The figures here are reported versus expected earnings per share from published results; the expectation is that analyst consensus, not our view. Report dates are estimates and can move.
What are the scenarios for Extra Space Storage Inc.?
An illustrative range for the year ahead — not a prediction or a price target.
What are the pros, cons and common questions?
The case each way, and the questions people ask
Long-term growth in urban density increasing the need for extra space.
A significant economic downturn reducing consumer spending on non-essential services.
What are the pros and cons of Extra Space Storage Inc.?
A balance check, not a score or verdict.
- High profit margins on rental income
- Provides a steady stream of dividend income
- Large scale gives them a competitive edge in the US market
- Recent dip in earnings growth
- High valuation relative to current profits
- Sensitive to interest rate changes
- Economic downturns can lead to customers cancelling storage rentals
- High debt levels often associated with property companies
- Increased competition from new storage facility construction
The write-up's own warning lights — if these start happening, the case above changes.
- A sustained period of falling interest rates
- A major shift in consumer behaviour away from owning excess goods
Common questions about Extra Space Storage Inc.
Does Extra Space Storage Inc. pay a dividend?
Yes - Extra Space Storage Inc. currently pays a dividend of about 4.4% a year. Dividends are a share of profit paid to holders; the yield moves with the price and payouts can be cut.
When does Extra Space Storage Inc. report earnings next?
Extra Space Storage Inc. is next scheduled to report results on about 2026-10-28. Report dates are estimates and can move; this is a diary note for when to look, not a forecast of the outcome.
More in Real Estate
Crown Castle Inc.
CoStar Group, Inc.
Weyerhaeuser Company
Alexandria Real Estate Equities, Inc.
Mid-America Apartment Communities, Inc.
British Land
Land Securities (Landsec)
SegroBuilt from public filings & market prices, checked for an education-only tone, and never a price target. How we make these →
This plain-English summary was auto-generated on 2026-08-02 from public data and checked for an education-only, no-advice tone (the figures above carry their own, usually fresher, 'as of' date). It's information, never a recommendation.