Extra Space Storage Inc. EXR
Extra Space Storage Inc., a prominent, self-administered and self-managed real estate investment trust (REIT), is headquartered in Salt Lake City, Utah, and holds a distinguished place as a member of the S&P 500 index. As of September 30, 2020, its expansive portfolio encompassed 1,906 self-storage facilities, with operations spanning 40 U.S. states, Washington, D.C., and Puerto Rico. Collectively, these facilities offer roughly 1.4 million individual storage units, totaling approximately 147.5 million square feet of rentable area. Extra Space Storage caters to diverse customer needs by providing a wide array of secure and conveniently located storage solutions nationwide. This includes specialized options for vehicles like boats and RVs, as well as dedicated business storage. Notably, it holds the position of the second-largest owner and operator of self-storage facilities throughout the U.S., and stands as the nation's largest self-storage management company.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-20 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Core FFO / leverage are from the Q1 2026 earnings release (filed 2026-04-28) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model EXR yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $3.38B | $974.00M | $715.18M | $2.41B | $1.85B |
| 2024 | $3.34B | $854.68M | $777.72M | $2.26B | $1.89B |
| 2023 | $2.62B | $803.20M | $500.68M | $1.79B | $1.40B |
| 2022 | $1.97B | $860.69M | $288.32M | $1.37B | $1.24B |
| 2021 | $1.61B | $827.65M | $241.88M | $1.11B | $952.44M |
| 2020 | $1.38B | $481.78M | $224.44M | $894.87M | $771.23M |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-15 | 2026-06-15 | 2026-06-30 | 2026-05-14 | $1.62 | Quarterly |
| 2026-03-16 | 2026-03-16 | 2026-03-31 | 2026-02-13 | $1.62 | Quarterly |
| 2025-12-15 | 2025-12-15 | 2025-12-31 | 2025-11-20 | $1.62 | Quarterly |
| 2025-09-15 | 2025-09-15 | 2025-09-30 | 2025-08-21 | $1.62 | Quarterly |
| 2025-06-16 | 2025-06-16 | 2025-06-30 | 2025-05-22 | $1.62 | Quarterly |
| 2025-03-14 | 2025-03-14 | 2025-03-31 | 2025-02-21 | $1.62 | Quarterly |
| 2024-12-16 | 2024-12-16 | 2024-12-31 | 2024-11-15 | $1.62 | Quarterly |
| 2024-09-16 | 2024-09-16 | 2024-09-30 | 2024-08-19 | $1.62 | Quarterly |
| 2024-06-14 | 2024-06-14 | 2024-06-28 | 2024-05-24 | $1.62 | Quarterly |
| 2024-03-14 | 2024-03-15 | 2024-03-29 | 2024-02-22 | $1.62 | Quarterly |
| 2023-12-14 | 2023-12-15 | 2023-12-29 | 2023-11-15 | $1.62 | Quarterly |
| 2023-09-14 | 2023-09-15 | 2023-09-29 | 2023-08-18 | $0.61 | Quarterly |
| 2023-07-12 | 2023-07-13 | 2023-07-19 | 2023-07-03 | $1.01 | Quarterly |
| 2023-06-14 | 2023-06-15 | 2023-06-30 | 2023-05-26 | $1.62 | Quarterly |
| 2023-03-14 | 2023-03-15 | 2023-03-31 | 2023-02-16 | $1.62 | Quarterly |
| 2022-12-13 | 2022-12-14 | 2022-12-30 | 2022-11-21 | $1.50 | Quarterly |
| 2022-09-14 | 2022-09-15 | 2022-09-30 | 2022-08-19 | $1.50 | Quarterly |
| 2022-06-14 | 2022-06-15 | 2022-06-30 | 2022-05-26 | $1.50 | Quarterly |
| 2022-03-14 | 2022-03-15 | 2022-03-31 | 2022-02-16 | $1.50 | Quarterly |
| 2021-12-14 | 2021-12-15 | 2021-12-31 | 2021-11-22 | $1.25 | Quarterly |
| 2021-09-14 | 2021-09-15 | 2021-09-30 | 2021-08-23 | $1.25 | Quarterly |
| 2021-06-14 | 2021-06-15 | 2021-06-30 | 2021-05-27 | $1.00 | Quarterly |
| 2021-03-12 | 2021-03-15 | 2021-03-31 | 2021-02-18 | $1.00 | Quarterly |
| 2020-12-14 | 2020-12-15 | 2020-12-31 | 2020-11-12 | $0.90 | Quarterly |
Coverage (payout of operating cash flow): 74.20%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — EXR
Extra Space Storage Inc (NYSE:EXR) Receives Consensus Rating of “Hold” from Brokerages
Is EXR Stock Worth Retaining in Your Portfolio for the Long Run?
My 5 Greatest REIT Winners Of All Time
Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 2nd Quarter Results
VNO or EXR: Which Is the Better Value Stock Right Now?
Extra Space Announces Pricing of $550 Million of 4.900% Senior Notes due 2032
Extra Space Storage Releases 2025 Sustainability Report
VNO or EXR: Which Is the Better Value Stock Right Now?
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.