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: Extra Space Storage is a massive American property company that rents out self-storage units to households and businesses across the country.
Over about 2 years to 2026-07-31. 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.
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.
Long-term growth in urban density increasing the need for extra space.
A significant economic downturn reducing consumer spending on non-essential services.
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 momentum, 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 33 - big growth is already priced in
- High profit margins on rental income
- Provides a steady stream of dividend income
- Large scale gives them a competitive edge in the US market
- Value screens low (27/100)
- Growth screens low (29/100)
- Economic downturns can lead to customers cancelling storage rentals
- High debt levels often associated with property companies
- Increased competition from new storage facility construction
What do Extra Space Storage Inc.'s numbers mean?
How much money does Extra Space Storage Inc. make?
Revenue and profit by quarter, and how much of each sale turns into profit.
Does Extra Space Storage Inc. pay a dividend?
Yes - Extra Space Storage Inc. currently pays a dividend of about 4.4% a year (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.
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.
Each quarter a company reports its results against what analysts expected. ‘Beating’ or ‘missing’ is about that expectation, not whether the business is doing well in absolute terms.
| 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 →
Reported vs expected earnings per share (EPS) from published results; the expectation is the analyst consensus, not our view. Report dates are estimates that can move.
More in Real Estate
Simon Property Group, Inc.
Federal Realty Investment Trust
Host Hotels & Resorts, Inc.
VICI Properties Inc.
Iron Mountain Incorporated
Healthpeak Properties, Inc.
Regency Centers Corporation
Welltower Inc.What are the scenarios for Extra Space Storage Inc.?
An illustrative range for the year ahead, with the assumption behind each case — not a prediction or a price target.
What are the pros and cons of Extra Space Storage Inc.?
How many points the write-up makes each way — 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
Built 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 2026-08-01 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.