US · EXR
Extra Space Storage Inc.
- Sector
- Real Estate · REIT - Industrial
- Headquarters
- Salt Lake City, UT 84121
- Website
- extraspace.com
Price · as of 2025-12-31
$142.02
Market cap 31.89B
Valuation summary
Four models, one snapshot. Upside is target ÷ current − 1.
| Valuation method | Value, $ | Upside, % |
|---|---|---|
| Artificial Intelligence(AI) | $112.21 | -20.99% |
| Intrinsic Value(DCF) | $61.06 | -57.01% |
| Graham-Dodd Method(GD) | — | — |
| Graham Formula(GF) | $42.66 | -69.96% |
Valuation history
Annual price (USD per share) overlaid with each model's fair value. Y-axis is log scale.
| Year | Price | AI | DCF | Graham-Dodd | Graham Formula |
|---|---|---|---|---|---|
| 2011 | $15.98 | $27.21 | $4.20 | $5.33 | $13.47 |
| 2012 | $24.44 | $31.42 | $3.35 | $7.37 | $39.38 |
| 2013 | $31.12 | $34.47 | $3.67 | $1.56 | $51.88 |
| 2014 | $43.17 | $42.93 | $3.17 | $0.00 | $47.33 |
| 2015 | $59.98 | $51.86 | $12.46 | $0.00 | $44.32 |
| 2016 | $53.39 | $51.98 | $21.72 | $0.00 | $97.71 |
| 2017 | $65.57 | $55.97 | $16.12 | $0.00 | $73.11 |
| 2018 | $74.83 | $58.56 | $7.02 | $0.00 | $51.75 |
| 2019 | $87.71 | $63.11 | $4.74 | $0.00 | $54.83 |
| 2020 | $108.77 | $80.23 | $12.47 | $0.00 | $45.89 |
| 2021 | $166.67 | $102.53 | $2.61 | $0.00 | $150.17 |
| 2022 | $134.79 | $105.53 | $10.98 | $0.00 | $188.54 |
| 2023 | $138.18 | $95.50 | $13.90 | $15.02 | $188.42 |
| 2024 | $150.30 | $97.76 | $0.00 | $0.00 | $139.49 |
| 2025 | $152.65 | $112.21 | $0.00 | $0.00 | $42.66 |
AI valuation
Our deep-learning model estimates Extra Space Storage Inc.'s (EXR) per-share fair value from quarterly fundamentals, sector trend, and historical valuation patterns.
- AI fair value
- $112.21
- Current price
- $142.02
- AI upside
- -20.99%
Methodology and confidence bands appear in the dedicated valuation theory section. The AI score is an estimate, not a recommendation.
Intrinsic value (DCF)
Open DCF calculatorThree textbook valuation models, recomputed daily from the latest financial statements. The DCF uses our Chepakovich model. Graham-Dodd and Graham Formula are conservative reference points.
DCF
$61.06
-57.01% upside
Graham-Dodd
—
— upside
Graham Formula
$42.66
-69.96% upside
Peer comparison
Same-industry comparables, ranked by market cap.
| Basic Info | Model Valuation | Core Valuation | Profitability | Leverage & Liquidity | Growth | Cash Flow | Dividends | Enterprise Value | Risk | ||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ticker | Company Name | Price | Market Cap | AI Upside | DCF Upside | GD Upside | GF Upside | P/E | P/B | P/S | EV/EBITDA | PEG | P/TBV | Gross Margin | Operating Margin | Net Margin | ROE | ROIC | ROA | Debt/Equity | Interest Coverage | Current Ratio | Quick Ratio | Net Debt/EBITDA | EPS Growth | Sales Growth | FCF Growth | FCF Yield | Op Cash Flow Ratio | Cash ROIC | Dividend Yield | Dividend Payout | Shareholder Yield | EV/EBIT | EV/FCF | EV/Sales | Altman Z-Score |
| EXR | Extra Space Storage Inc. | $142.02 | 31.89B | -21% | -57% | — | -70% | 31.63 | 2.41 | 9.57 | 19.54 | 227.60 | 2.44 | 28.43% | 44.09% | 28.84% | 7.47% | 5.19% | 3.52% | 1.11 | 2.34 | 1.28 | 1.28 | 6.14 | 1390.00% | 119.00% | -203.00% | 5.66% | 1.33 | 6.64% | 4.25% | 134.40% | 4.71% | 31.68 | 25.79 | 13.97 | 1.53 |
| AVB | AvalonBay Communities, In… | $177.23 | 25.09B | -19% | -57% | -91% | -49% | 23.86 | 2.13 | 8.30 | 15.42 | — | 2.13 | 66.99% | 30.07% | 34.64% | 8.89% | 4.45% | 4.89% | 0.79 | 3.53 | 0.25 | 0.25 | 4.10 | -276.00% | 429.00% | 1853.00% | 6.63% | 2.26 | 8.14% | 3.94% | 93.90% | 5.87% | 37.59 | 20.56 | 11.30 | 1.70 |
| CSGP | CoStar Group, Inc. | $44.63 | 18.92B | +11% | -21% | -82% | -99% | 2689.55 | 2.26 | 5.80 | 66.60 | — | 11.63 | 75.24% | -2.22% | 0.22% | 0.09% | -0.50% | 0.07% | 0.12 | — | 2.84 | 2.64 | -2.62 | -9512.00% | 1867.00% | -11671.00% | 0.22% | 0.58 | 0.71% | 0.00% | 0.00% | 3.05% | -251.60 | 441.83 | 5.58 | 5.65 |
| CUBE | CubeSmart | $41.14 | 9.38B | +4% | -53% | -53% | -53% | 28.67 | 3.52 | 8.52 | 18.55 | — | 3.52 | 22.74% | 39.97% | 29.72% | 11.94% | 7.42% | 5.12% | 1.30 | 3.93 | 0.14 | 0.14 | 5.00 | -1512.00% | 533.00% | -358.00% | 6.36% | 14.63 | 10.06% | 0.00% | 0.00% | 0.33% | 29.18 | 21.52 | 11.66 | 1.54 |
| EQR | Equity Residential | $63.21 | 23.86B | -29% | -59% | -96% | -44% | 21.37 | 2.17 | 7.72 | 13.97 | 305.90 | 2.17 | 46.32% | 36.33% | 36.12% | 10.14% | 5.72% | 5.39% | 0.80 | 4.75 | 0.05 | 0.06 | 3.73 | 699.00% | 406.00% | 277.00% | 5.39% | 1.39 | 6.58% | 4.38% | 93.50% | 5.55% | 28.99 | 25.33 | 10.53 | 1.88 |
| INVH | Invitation Homes Inc. | $26.34 | 16.15B | +28% | -59% | -23% | -56% | 27.26 | 1.68 | 5.87 | 16.34 | 91.70 | 1.73 | 3.69% | 27.15% | 21.54% | 6.10% | 4.19% | 3.15% | 0.88 | 2.10 | — | — | 5.45 | 2973.00% | 421.00% | 3987.00% | 7.53% | — | 6.83% | 0.00% | 0.00% | 0.02% | 32.46 | 19.94 | 8.81 | 1.23 |
| IRM | Iron Mountain Incorporate… | $108.33 | 32.05B | -12% | -57% | — | -91% | 214.06 | -33.22 | 4.72 | 24.71 | — | -4.32 | 25.69% | 20.36% | 2.09% | -20.52% | 6.03% | 0.76% | -19.42 | 1.69 | 0.74 | 0.61 | 9.07 | -1967.00% | 1223.00% | 4175.00% | -2.86% | 0.51 | -5.54% | 2.82% | 603.90% | 2.82% | 36.63 | -55.26 | 7.46 | 1.05 |
| PSA | Public Storage | $307.06 | 53.89B | -25% | -48% | — | -64% | 30.36 | 5.90 | 11.31 | 19.87 | — | 6.06 | 24.96% | 46.73% | 36.99% | 18.96% | 11.93% | 8.99% | 1.11 | 7.40 | 0.75 | 0.75 | 3.06 | -1532.00% | 274.00% | 697.00% | 5.31% | 5.20 | 15.33% | 4.22% | 128.20% | 4.22% | 28.61 | 22.26 | 13.37 | 3.53 |
| REXR | Rexford Industrial Realty… | $37.47 | 8.94B | -47% | -60% | -63% | -63% | 41.79 | 1.03 | 8.73 | 18.87 | — | 1.05 | 77.30% | 37.94% | 21.14% | 2.50% | 3.25% | 1.66% | 0.41 | 3.63 | 7.16 | 6.93 | 5.20 | -2833.00% | 713.00% | 9774.00% | 2.38% | 7.83 | 1.78% | 4.83% | 201.80% | 7.71% | 31.75 | 57.93 | 12.05 | 1.54 |
| SBAC | SBA Communications Corpor… | $201.16 | 21.44B | -31% | -56% | — | -37% | 20.80 | -4.39 | 7.58 | 12.69 | 50.46 | -2.76 | 47.94% | 54.91% | 37.43% | -20.59% | 27.81% | 8.92% | -0.90 | 3.30 | 0.29 | 0.16 | 2.04 | 4121.00% | 506.00% | -363.00% | 5.00% | 0.48 | 22.60% | 2.25% | 46.70% | 58.39% | 16.44 | 23.83 | 9.03 | 0.39 |
| VICI | VICI Properties Inc. | $30.21 | 32.29B | +3% | -60% | -57% | +3% | — | 1.16 | 8.05 | 8.68 | — | 1.16 | 99.15% | 91.05% | 69.28% | 0.00% | 10.29% | 0.00% | 0.00 | 4.46 | 2.55 | 2.55 | -0.15 | 195.00% | 408.00% | 567.00% | 7.78% | 10.51 | 7.08% | 5.75% | — | 60.61% | 8.67 | 12.61 | 7.90 | 1.48 |
About Extra Space Storage Inc.
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 September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space. 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. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.
- CEO
- Joseph Daniel Margolis
- Employees
- 8.01K
- Beta
- 1.26
Disclaimer: Information on this page is provided for educational purposes only and does not constitute investment advice. Upside computed as ($61.06 ÷ $142.02) − 1 = -57.01% (DCF, example).