EXR

NYSE

Extra Space Storage Inc.

Real Estate, Self-Storage REITs

$149.54

close 7 Aug 2026

+10.58%

52-week change

$31.59B

market cap

$125.71

$158.88

52-week range

Expected price

$125.99 – $153.99

Current price

$149.54

Signal

Appears fairly valued

A historical-multiple reference, never a fair-value claim. The band uses only data public at each date and ends at the latest month — no forward estimates.

Current multiples

P/E (TTM)33.08x

P/S (TTM)9.17x

P/B2.38x

EV/EBITDA (TTM)15.20x

FCF yield (TTM)4.81%

PEG (TTM, GAAP)—

Context

P/E, own 5-year average31.50x

P/E, sector median34.68x*

Price at 5-year median P/E$141.34*

Indicated dividend yield4.33%

Forward — analyst consensus

Forward P/E (FY2026)32.10x*

Forward P/E (FY2027)31.43x

Forward PEG15.16*

Consensus EPS FY2026 (3 analysts)$4.66

EPS growth (FY2026→FY2027)2.12%

Revenue growth (FY2026)2.45%

Street view

Price target (mean)$157.60*

Target upside5.39%

Ratings (buy / hold / sell)9 / 12 / 0

FY2026 EPS revisions, 30d (up / down)1 / 2

5-year history

Dashed line: average of month-end values

P/E (TTM)

P/S (TTM)

P/B

FCF yield (TTM)

Dividend yield

period to 30 Jun 2026, filed 31 Jul 2026, close 7 Aug 2026

Discounted cash flow

Ten projected years plus a perpetuity, prefilled from filings — a model to argue with, never a fair-value claim.

Free cash flow, last ten years and TTM

5Y CAGR +23.36%10Y CAGR +53.77%

Assumptions

Growth rate, years 1–10%

Perpetual growth%Discount rate%

Base FCF$M

As filed — not assumptions

Current price$149.54

Cash & equivalents$695.17M

Total debt$1.62B

Shares outstanding211.27M

Result

DCF price per share$662.72

Current price$149.54

Margin of safety+343.17%

PV of years 1–10$33.92B

PV of terminal value$107.02B

Equity value$140.02B

Market-implied growth+4.27%

Projected FCF, years 1–10

Hover for PV and growth

Projection detail

Override growth for any year; blank years use the uniform rate

Year	2026	2027	2028	2029	2030	2031	2032	2033	2034	2035	Terminal
Growth, %											2.5
FCF	$1.87B	$2.31B	$2.85B	$3.52B	$4.34B	$5.35B	$6.60B	$8.15B	$10.05B	$12.40B	$231.05B
PV	$1.74B	$1.98B	$2.26B	$2.59B	$2.95B	$3.37B	$3.85B	$4.40B	$5.03B	$5.74B	$107.02B

period to 30 Jun 2026, filed 31 Jul 2026, close 7 Aug 2026