olivLaw · US equity research
Extra Space Storage Inc. EXR
Real Estate Investment Trusts · SIC 6798 · Vertical: Real Estate Investment Trusts (SIC 6798)
Extra Space Storage is the largest self-storage operator in the United States, a REIT that owns, manages and finances storage space for individuals and businesses. It matters now because it is growing revenue from third-party management and bridge lending while occupancy recovers, and by mid-2026 it managed over 4,400 stores.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 02 Nov 2026, Extra Space Storage Inc. (EXR) stock was 155.98 USD (+3.08% on the day), with market capitalisation 32.6 bn USD, P/E 31.7 on diluted EPS of 4.92 USD over the last 12 months, dividend yield 4.15%, beta 0.47, 52-week range 126.69–155.98 USD. Latest reported quarter (Q3 2026): revenue of 889.8 m USD (+3.6% YoY), net income of 247.8 m USD (+49.3% YoY), diluted EPS 1.17 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 80.8
- overbought (≥ 70)
- Bollinger (20, 2)
- 127.32 – 153.49
- above the upper band · %B 1.10 · band width 18.6%
- SMA 50 / 200
- 138.72 / 142.37
- mixed trend
- MACD (12, 26, 9)
- 3.84 / 2.00
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +17.1% | −2.3% | +19.4 pp | — |
| 3 months | +4.2% | −0.8% | +5.0 pp | — |
| 6 months | +12.0% | +4.7% | +7.2 pp | — |
| Year to date | +19.8% | +10.2% | +9.6 pp | — |
| 1 year | +16.8% | +10.3% | +6.6 pp | +5.7% |
| 3 years | +45.8% | +73.0% | −27.2 pp | +23.2% |
| 5 years | −21.8% | +61.8% | −83.6 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 821.9 m | 820.0 m | 841.6 m | 858.5 m | 857.5 m | 856.0 m | 874.2 m | 889.8 m |
| Cost of revenue | 221.1 m | 223.6 m | 227.6 m | 235.5 m | 231.5 m | 238.3 m | 231.7 m | 238.8 m |
| Operating income | 380.0 m | 388.7 m | 374.0 m | 279.1 m | 370.9 m | 367.6 m | 392.2 m | 391.9 m |
| Depreciation & amortisation | 196.2 m | 180.4 m | 177.3 m | 177.5 m | 180.1 m | 185.8 m | 185.6 m | 189.6 m |
| Pre-tax income | 265.1 m | 274.0 m | 258.1 m | 161.0 m | 247.7 m | 247.2 m | 271.5 m | 268.4 m |
| Income tax | 6.0 m | 9.0 m | 11.6 m | 12.0 m | 9.0 m | 10.8 m | 12.1 m | 12.1 m |
| Net income | 262.5 m | 270.9 m | 249.7 m | 166.0 m | 287.4 m | 241.0 m | 263.5 m | 247.8 m |
| Diluted EPS | 1.41 ≈ | 1.28 | 1.18 | 0.78 | 1.36 ≈ | 1.14 | 1.25 | 1.17 |
| Operating cash flow | 408.3 m | 481.4 m | 543.9 m ≈ | 457.1 m ≈ | 367.8 m | 489.9 m | 586.4 m ≈ | 467.1 m ≈ |
| Capex | 258.1 m | 117.1 m | 161.7 m | 0 | 282.9 m | 12.4 m | 54.0 m | 8.1 m |
| Dividends paid | 344.0 m | 344.2 m | 343.9 m ≈ | 343.8 m ≈ | 342.4 m | 342.8 m | 342.0 m ≈ | 340.6 m ≈ |
| Share repurchases | 0 | 0 | 8.6 m ≈ | 0 ≈ | 140.9 m | 1.4 m | 0 ≈ | 327.2 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 61 percentile of its own 44-quarter history (min 20.8, median 30.5, max 55.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.2 bn | 1.3 bn | 1.4 bn | 1.6 bn | 1.9 bn | 2.6 bn | 3.3 bn | 3.4 bn |
| Revenue YoY | +8.3% | +9.3% | +3.6% | +16.3% | +22.0% | +33.1% | +27.2% | +3.7% |
| Net income | 415.3 m | 420.0 m | 481.8 m | 827.6 m | 860.7 m | 803.2 m | 854.7 m | 974.0 m |
| Net income YoY | −13.3% | +1.1% | +14.7% | +71.8% | +4.0% | −6.7% | +6.4% | +14.0% |
| Diluted EPS | 3.27 | 3.24 | 3.71 | 6.19 | 6.41 | 4.74 | 4.03 | 4.59 |
| Diluted EPS YoY | −13.0% | −0.9% | +14.5% | +66.8% | +3.6% | −26.1% | −15.0% | +13.9% |
| net % | 34.7% | 32.1% | 35.5% | 52.5% | 44.7% | 31.4% | 26.2% | 28.8% |
| Free cash flow | unavailable | unavailable | unavailable | unavailable | 44.9 m | 1.3 bn | 1.4 bn | 1.3 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 138.9 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 14.3 bn USD
- Total assets
- 29.3 bn USD
- Debt / equity
- unavailable
- Current ratio
- unavailable
- ROE
- 6.7%
- ROA
- 3.4%
- FCF margin
- 38.1%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.4 bn | 1.6 bn | 1.9 bn | 2.6 bn | 3.3 bn | 3.4 bn | SEC (XBRL)· 20 Feb 2026verified |
| Cost of revenue | 360.6 m | 368.6 m | 435.3 m | 612.0 m | 831.6 m | 918.1 m | SEC (XBRL)· 20 Feb 2026verified |
| Gross profit | 995.6 m ≈ | 1.2 bn ≈ | 1.5 bn ≈ | 1.9 bn ≈ | 2.4 bn ≈ | 2.5 bn ≈ | SEC (XBRL)· 20 Feb 2026derived |
| Operating income | 666.1 m | 976.0 m | 1.1 bn | 1.2 bn | 1.3 bn | 1.4 bn | SEC (XBRL)· 20 Feb 2026verified |
| Depreciation & amortisation | — | 241.9 m | 288.3 m | 506.1 m | 783.0 m | 715.2 m | SEC (XBRL)· 20 Feb 2026verified |
| EBITDA | — | 1.2 bn ≈ | 1.3 bn ≈ | 1.7 bn ≈ | 2.1 bn ≈ | 2.1 bn ≈ | SEC (XBRL)· 20 Feb 2026derived |
| Interest expense | 17.2 m | 166.2 m | 219.2 m | 419.0 m | — | — | SEC (XBRL)· 29 Feb 2024verified |
| Pre-tax income | 509.0 m | 859.5 m | 900.7 m | 817.2 m | 852.7 m | 940.8 m | SEC (XBRL)· 20 Feb 2026verified |
| Income tax | 13.8 m | 20.3 m | 20.9 m | 21.6 m | 33.5 m | 41.6 m | SEC (XBRL)· 20 Feb 2026verified |
| Net income | 481.8 m | 827.6 m | 860.7 m | 803.2 m | 854.7 m | 974.0 m | SEC (XBRL)· 20 Feb 2026verified |
| Diluted EPS | 3.71 | 6.19 | 6.41 | 4.74 | 4.03 | 4.59 | SEC (XBRL)· 20 Feb 2026verified |
| Weighted average diluted shares | 129.6 m | 140.0 m | 141.7 m | 169.2 m | 211.6 m | 211.9 m | SEC (XBRL)· 20 Feb 2026verified |
| Dividend per share | 3.60 | 4.50 | 6.00 | 6.48 | 6.48 | 6.48 | SEC (XBRL)· 20 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 109.1 m | 71.1 m | 92.9 m | 99.1 m | 138.2 m | 138.9 m | SEC (XBRL)· 20 Feb 2026verified |
| Property, plant & equipment, net | — | 29.1 m | 42.8 m | 48.7 m | 50.4 m | 65.2 m | SEC (XBRL)· 20 Feb 2026verified |
| Goodwill | — | 0 | 170.8 m | 170.8 m | 170.8 m | 170.8 m | SEC (XBRL)· 20 Feb 2026verified |
| Intangibles (excl. goodwill) | — | — | 0 | 66.3 m | 32.2 m | 11.6 m | SEC (XBRL)· 20 Feb 2026verified |
| Total assets | 9.4 bn | 10.5 bn | 12.2 bn | 27.5 bn | 28.8 bn | 29.3 bn | SEC (XBRL)· 20 Feb 2026verified |
| Total liabilities | 6.5 bn | 6.7 bn | 8.1 bn | 12.0 bn | 14.0 bn | 14.9 bn | SEC (XBRL)· 20 Feb 2026verified |
| Equity | 2.9 bn | 3.8 bn | 4.1 bn | 15.4 bn | 14.9 bn | 14.3 bn | SEC (XBRL)· 20 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 771.2 m | 952.4 m | 1.2 bn | 1.4 bn | 1.9 bn | 1.9 bn | SEC (XBRL)· 20 Feb 2026verified |
| Capex | — | — | 1.2 bn | 135.6 m | 479.1 m | 561.7 m | SEC (XBRL)· 20 Feb 2026verified |
| Free cash flow | — | — | 44.9 m ≈ | 1.3 bn ≈ | 1.4 bn ≈ | 1.3 bn ≈ | SEC (XBRL)· 20 Feb 2026derived |
| Investing cash flow | -955.4 m | -837.5 m | -1.6 bn | -1.8 bn | -1.6 bn | -814.2 m | SEC (XBRL)· 20 Feb 2026verified |
| Financing cash flow | 241.5 m | -166.7 m | 431.9 m | 423.1 m | -202.3 m | -1.0 bn | SEC (XBRL)· 20 Feb 2026verified |
| Dividends paid | 467.8 m | 601.0 m | 805.3 m | 1.0 bn | 1.4 bn | 1.4 bn | SEC (XBRL)· 20 Feb 2026verified |
| Share repurchases | 67.9 m | 0 | 63.0 m | 0 | 0 | 149.5 m | SEC (XBRL)· 20 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Market and valuation
9 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 66 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
02 Nov 2026Source: olivLaw, closing series
Market cap: 32.6 bn USD
Key indicators
Coverage and freshness
Score by group
- Returns53
- Quality70
- Growth100
- Valuation62
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 85.15 – 187.95 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Net asset value (NAV)unavailable · input data missing
- Dividend discount (DDM)85.15 – 114.52 (Mid 97.68)
- Peers: P/B118.69 – 187.95 (Mid 162.85)11 companies used · median multiple 2.6x · quartiles 1.9x – 3.1xDLR, ESS, HST, KIM, O, PLD, PSA, VICI, VMRK, VTR, WELL
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 66/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 7.9% | 46 (vs peers) | 9% |
| EBITDA margin · Quality | 65.1% | 88 (on a fixed band) | 12% |
| Revenue CAGR 3Y · Growth | 20.6% | 100 (on a fixed band) | 12% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | unavailable | unavailable | — |
| P/B · Valuation | 2.5x | 62 (vs peers) | 27% |
| P/E (TTM) · Valuation | 31.7x | 63 (vs peers) | 12% |
| Dividend yield · Returns | 4.2% | 69 (vs peers) | 21% |
| Payout ratio (EPS) · Returns | 131.8% | 0 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partialunavailable · 0/2 factors with a value
- Growth100/100 · 1/1 factors with a value
- Quality70/100 · 2/2 factors with a value
- Returns53/100 · 2/2 factors with a value
- Valuation62/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
EXTRA SPACE STORAGE INC. (EXR). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 3.4 bn USD in 2025; YoY growth 3.7%; net margin 29.9%; ROE 7.9%.
The estimated value range is 101.92–151.23 USD per share (median of 2 methods, agreement: low); assumptions are illustrative. Against the central value of 130.26 USD, the price of 155.98 USD leaves a potential of -16.5% (value / price − 1) and a margin of safety of -19.7% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 66/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- EBITDA margin: 65.1%
- Revenue CAGR 3Y: 20.6%
What contradicts it
- Payout ratio (EPS): 131.8%
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, Interest coverage.
Versus the vertical median
Real Estate Investment Trusts (SIC 6798) · same industry (4-digit SIC) · compared with 16 companies
Only companies with a capitalisation between 3.8 bn and 242.0 bn (within 8× of the company's); 139 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| WELLWelltower Inc. | 175.3 bn | 102.3 | 4.0% | 12.7% | +35.6% | +15% / +168% |
| PLDPrologis, Inc. | 120.9 bn | 32.7 | 7.1% | 42.5% | +7.2% | +1% / +13% |
| EQIXEquinix Inc | 98.4 bn | 59.7 | 11.5% | 16.4% | +5.4% | +32% / +22% |
| AMTAmerican Tower Corporation | 87.3 bn | 26.4 | 90.6% | 30.7% | +5.1% | +4% / −10% |
| PSAPublic Storage | 62.3 bn | 33.9 | 16.0% | 37.8% | +2.7% | +21% / +29% |
| DLRDigital Realty Trust, Inc. | 61.8 bn | 45.9 | 6.2% | 21.7% | +10.0% | +10% / +27% |
| ORealty Income Corporation | 54.5 bn | 42.0 | 3.3% | 21.5% | +9.1% | −0% / +7% |
| VTRVentas, Inc. | 45.9 bn | 163.1 | 1.9% | 4.0% | +18.5% | +8% / +89% |
| CCICrown Castle Inc. | 37.0 bn | 44.2 | — | 20.7% | −4.4% | −5% / −26% |
| IRMIron Mountain Inc | 34.3 bn | 81.6 | — | 5.7% | +12.2% | +33% / +80% |
| EXRExtra Space Storage Inc. | 32.6 bn | 31.7 | 7.9% | 29.9% | +3.7% | +17% / +46% |
| VICIVICI Properties Inc. | 27.5 bn | 11.5 | 8.3% | 56.5% | +4.1% | −13% / −16% |
| VMRKVivmark Residential | 23.3 bn | 27.2 | 8.1% | — | +4.8% | +1% / +9% |
| SBACSba Communications Corporation | 19.6 bn | 19.9 | — | 34.5% | +5.1% | −5% / −25% |
| HSTHost Hotels & Resorts, Inc. | 17.5 bn | 17.1 | 15.8% | 16.5% | +7.6% | +45% / +46% |
| ESSEssex Property Trust, Inc. | 17.1 bn | 40.8 | 8.0% | 22.7% | +6.4% | +1% / +24% |
| KIMKimco Realty Corporation | 16.8 bn | 27.7 | 5.8% | 27.8% | +5.1% | +21% / +30% |
1- and 3-year price returns: for EXR from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 103.23 Total return -31% · Per year -31% | 181.67 Total return 20% · Per year 20% | 272.51 Total return 79% · Per year 79% |
| 3 years | 122.45 Total return -12% · Per year -4% | 240.26 Total return 67% · Per year 19% | 392.41 Total return 168% · Per year 39% |
| 5 years | 145.25 Total return 10% · Per year 2% | 317.75 Total return 128% · Per year 18% | 565.08 Total return 295% · Per year 32% |
- Exit P/E± 60.07
- Net margin± 42.05
- Annual revenue growth± 31.36
- Annual dilution± 3.53
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 31 Jul 2026; since then the company filed 10-Q (30 Oct 2026), 8-K (27 Oct 2026 · results).
In brief
Extra Space Storage is the largest self-storage operator in the United States, a REIT that owns, manages and finances storage space for individuals and businesses 1. It matters now because it is growing revenue from third-party management and bridge lending while occupancy recovers, and by mid-2026 it managed over 4,400 stores 2.
SWOT
Strengths
- The company is the largest self-storage operator in the United States, with a national footprint and operating scale.
- Revenue management systems allow daily rate adjustments in response to market conditions.
- The third-party management platform and bridge lending diversify income while requiring relatively little capital.
Weaknesses
- Total debt is substantial, and interest costs rose in 2025, weighing on cash flow.
- Newly acquired Certificate of Occupancy stores dilute earnings for two to four years while they lease up.
- Operating costs including property taxes and payroll have at times grown faster than revenue.
Opportunities
- Fragmentation of the industry offers chances to buy portfolios from smaller operators.
- Expanding the management platform and lending to third parties could grow revenue without heavy capital.
- A sector recovery and rising occupancy could support rent growth on existing stores.
Threats
- New store development by competitors could limit occupancy and rate growth.
- Local rules limiting rent increases and consumer protection laws may hit revenue in some states.
- Natural disasters and cyber incidents could cause uninsured losses or operational disruption.
Risks
- Exposure to the economic cyclemedium
A recession, rising unemployment or higher interest rates could reduce demand for storage space and pressure occupancy and rents 1.
- Competition from new constructionmedium
Development of new facilities by other operators could intensify pressure on rates and occupancy 1.
- Property taxes and rent regulationmedium
Property reassessments and rent limits introduced in some states could reduce cash flow available for distributions 1.
- Cyber and data privacy riskhigh
Cyberattacks and failures to comply with data protection rules could bring costs, litigation and reputational harm 1.
- Uninsured lossesmedium
Certain events such as earthquakes or hurricanes may be excluded from coverage or exceed policy limits, directly affecting results 1.
Investment thesis
What would need to be true (bull case)
- If the sector recovery continues, rising occupancy and same-store revenue could support earnings growth in the coming years 3.
- National scale and the management platform could let the company grow fee revenue without large capital outlays 1.
- Industry consolidation could open acquisition opportunities on favourable terms for operators with sufficient capital 1.
What would break the thesis
- If new construction in its markets increases, pressure on rents and occupancy could slow revenue growth 1.
- High debt and interest costs could limit financial flexibility if funding rates stay elevated 1.
- Higher taxes and local regulation could compress margins and reduce cash available for distributions 1.
What to watch
- Trend in same-store occupancy and same-store revenue versus the prior quarterQ3 2026
- Pace of store acquisitions and bridge loan originations2026
- Changes in new store supply from competitors in key markets2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 31 Jul 2026; since then the company filed 10-Q (30 Oct 2026), 8-K (27 Oct 2026 · results).
The business
The company reports two segments: self-storage operations, covering rents from wholly-owned stores, and tenant reinsurance, which assumes risk of losses on tenants' stored goods 1. Management of third-party stores and the bridge lending program let it expand its footprint and generate income with little capital investment 1. Total revenue rose 3.7% in fiscal 2025 to 3,377.542 million USD 1.
Trends
- Recovery after a supply-heavy periodtailwind
The company describes improving store performance, with same-store revenue and NOI growth in 2026 3. If the recovery continues it could support rental and management revenue.
- New store development by competitorsheadwind
Development of new storage facilities by other operators has increased in recent years and could pressure rates and occupancy 1. The effect depends on how much new supply appears in the company's markets.
- Acquisitions and lending for third partiesmixed
Store acquisitions and the bridge loan programme could expand the acquisition pipeline and interest income, but they also raise financing exposure and competition for deals 13.
- Cost and regulatory pressureheadwind
Property taxes, insurance and payroll costs have risen, and rules limiting rent increases in some states could weigh on operating margins 13.
Competitive position
Competition is significant in local markets, affecting occupancy, rental rates and operating expenses 1. The company names CubeSmart, National Storage Affiliates and Public Storage as its three primary public self-storage REIT competitors 1.
The company argues that as the largest US operator it has scale advantages, revenue management technology and access to capital for acquisitions 1. Competitive bidding between public and private buyers is common, which can make acquisitions more expensive 1.
- CubeSmartCUBE
One of the three primary public self-storage REIT competitors named by the company.
- National Storage AffiliatesNSA
A public self-storage REIT identified among the company's principal competitors.
- Public StoragePSA
The most widely cited public competitor in the sector, named explicitly among the three primary competitors.
- Small local operators
Numerous regional and local operators with limited capital make up much of the market and could be acquired during consolidation.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
- Is Extra Space Storage Stock Underperforming the Nasdaq?Yahoo Finance — News · 15 Sept 2026 · EN
The latest news item in our archive is from 15 Sept 2026; the newest SEC filing is from 30 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report30 Oct 2026
- Current report27 Oct 2026Results of operations · Financial statements and exhibits
- Current report24 Aug 2026Departure or appointment of officers · Regulation FD disclosure · Financial statements and exhibits
- Quarterly report31 Jul 2026
- Current report28 Jul 2026Results of operations · Financial statements and exhibits
- Current report06 Jul 2026Material agreement · Creation of a direct financial obligation · Financial statements and exhibits
- Current report25 Jun 2026Other events · Financial statements and exhibits
- Current report15 May 2026Shareholder vote
- Quarterly report01 May 2026
- Current report28 Apr 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Extra Space Storage Inc. · 20 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Extra Space Storage Inc. · 31 Jul 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Extra Space Storage Inc. · 28 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.