Extra Space Storage Inc.
S&P 500EXR/Real Estate · REIT - Industrial/NYSE
Dividend Yield
4.44%
$6.48 · Annual Dividend
Dividend Safety Rating
EXR's dividend appears safe and well-supported. Strengths include a 98.1 debt-to-equity & 44.0% operating margin. Areas of concern: 76.7% cfo payout ratio & 2.7x interest coverage. The dividend has been growing at a 12.47% 5-year CAGR. As a REIT, its payout is measured against FFO (funds from operations) rather than net income, since large non-cash depreciation makes the earnings payout ratio misleading.
Based on 15 of 15 metrics
Strengths
- Debt-to-Equity: 98.1Conservative debt level relative to equity.
- Operating Margin: 44.0%Healthy operating margin provides a wide buffer.
- Gross Margin: 70.1%High gross margin signals strong pricing power.
Risks
- Current Ratio: 0.7xLimited short-term liquidity to meet obligations.
- CFO Payout Ratio: 76.7%Operating cash flow leaves little room for the payout.
- Interest Coverage: 2.7xInterest coverage is thin relative to debt servicing.
Payout & Coverage
CautionBalance Sheet
CautionProfitability
SafeDividend Track Record
Very SafeAbout 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
4.44%
Annual Dividend
$6.48
Frequency
Quarterly
Payout Ratio
145.62%
FCF Payout Ratio
74.66%
52-Week Range
$125.71 - $155.19
Dividend History (2016–2025)
EXR annual dividend per share and yield history
Earnings & Profitability
EXR earnings per share and net profit margin
Key Dates
Last Ex-Dividend Date
June 15, 2026
Next Payment Date
June 30, 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
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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 Safety Rating, 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.