Extra Space Storage Inc.

EXR|Real Estate|REIT - Industrial|$129.79|P/E 30.4|MCap 30.9B|NYSE

Last update: Mar 25, 2026 at 04:53

About Extra Space Storage Inc.

Extra Space Storage Inc. is a self-administered and self-managed real estate investment trust (REIT) specializing in the ownership, operation, and management of self-storage facilities. Headquartered in Salt Lake City, Utah, the company provides customers with a diverse array of secure and conveniently located storage solutions, including climate-controlled units, drive-up access, lockers, boat and RV storage, vehicle storage, and business storage options. Operating under brands such as Extra Space Storage, Life Storage, and Storage Express, it maintains an extensive portfolio of stores across 43 states and Washington, D.C., featuring millions of rentable square feet in units of various sizes like 5x5, 10x10, and larger configurations. Extra Space Storage Inc. also engages in third-party property management and tenant reinsurance, serving as the largest self-storage management company in the United States. Its diversified presence spans 98 of the 100 largest U.S. metro areas, ensuring stable operations through a balanced portfolio where no single property or market dominates revenue.

Dividend Overview

Dividend Yield

4.64%

Annual Dividend

$6.48

Frequency

Quarterly

Payout Ratio

141.18%

FCF Payout Ratio

75.14%

Stock Price

$129.79

52-Week Range

$121.03 – $155.19

Dividend Health Score

Safe

Dividend Health Assessment

EXR's dividend appears safe and well-supported. Strengths include a 98.7 debt-to-equity & 44.5% operating margin. Areas of concern: 141.2% earnings payout ratio & 76.7% cfo payout ratio. The dividend has been growing at a 12.47% 5-year CAGR. As a REIT, higher payout ratios are normal since they are required to distribute most taxable income.

Based on 15 of 15 metrics

Payout & Coverage

Warning

Earnings Payout Ratio

141.2%Danger

FCF Payout Ratio

75.1%Caution

CFO Payout Ratio

76.7%Warning

Interest Coverage

2.7xWarning

Balance Sheet

Caution

Net Debt / Total Assets

47.3%Caution

Current Ratio

0.8xWarning

Debt-to-Equity

98.7Very Safe

Profitability

Safe

Return on Equity

7.0%Warning

Operating Margin

44.5%Very Safe

Gross Margin

71.0%Very Safe

Profit Margin Stability

ModerateCaution

Dividend Track Record

Very Safe

11+ yrsVery Safe

NoneVery Safe

12.5%Very Safe

GrowingVery Safe

Dividend History (2016–2025)

EXR annual dividend per share and yield history

Earnings & Profitability

EXR earnings per share and net profit margin

Key Dates

Next Ex-Dividend Date

March 16, 2026

Next Payment Date

March 31, 2026

Dividend Growth

3-Year Dividend CAGR

2.60%

5-Year Dividend CAGR

12.47%

10-Year Dividend CAGR

11.21%

3-Year Total Growth

8.00%

5-Year Total Growth

80.00%

10-Year Total Growth

189.29%

Income Calculator

EXR Dividend Calculator

Number of Shares

Total Investment

$12,979.00

Annual Income

$648.00

Quarterly Income

$162.00

Monthly Income

$54.00

Similar Dividend Stocks

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CSGPCoStar Group, Inc.	0.00%	N/A	$41.46	Real Estate
EQREquity Residential	4.61%	2.70%	$58.67	Real Estate
INVHInvitation Homes Inc.	4.66%	14.29%	$25.01	Real Estate
IRMIron Mountain Inc.	2.99%	5.41%	$100.71	Real Estate
PSAPublic Storage Common Stock	4.14%	8.45%	$267.94	Real Estate
SBACSBA Communications Corporation	2.44%	19.01%	$166.76	Real Estate
VICIVici Properties Inc.	6.17%	7.06%	$27.30	Real Estate

Frequently Asked Questions

What is EXR's current dividend yield?

Extra Space Storage Inc. (EXR) currently has a dividend yield of 4.64%, based on a stock price of $129.79 and an annual dividend of $6.48.

When is EXR's next dividend payment date?

EXR's next ex-dividend date is 2026-03-16 and the next payment date is 2026-03-31. You must own the stock before the ex-dividend date to receive the upcoming payment.

How much does EXR pay in dividends per year?

Extra Space Storage Inc. paid $6.48 per share in annual dividends in 2025. The dividends are paid quarterly.

Has EXR been increasing its dividend?

Extra Space Storage Inc. has grown its dividend at a 5-year CAGR of 12.47% and a 10-year CAGR of 11.21%.

Is EXR's dividend safe?

Extra Space Storage Inc. has a payout ratio of 141.18%. Its free cash flow payout ratio is 75.14%. The payout ratio is above 100%, which may indicate the company is paying more in dividends than it earns. This could be unsustainable long-term.

How is EXR's Dividend Health Score calculated?

The Dividend Health Score evaluates Extra Space Storage Inc.'s dividend sustainability across four categories: Payout & Coverage (40%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (20%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for real estate companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Health Score, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.