Extra Space Storage EXR
Extra Space Storage is a REIT that owns, operates, and manages self-storage facilities in the United States, generating revenue primarily from monthly space rentals. Extra Space Storage shows acceptable financial health (6.52) with high leverage (ND/EBITDA 5.94) and moderate growth (revenue +3.8%), but its valuation (EV/EBITDA 18.53) and dividend (payout 143%) present risks in a rising rate environment.
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
Extra Space Storage is a REIT that owns, operates, and manages self-storage facilities in the United States, generating revenue primarily from monthly space rentals. Extra Space Storage shows acceptable financial health (6.52) with high leverage (ND/EBITDA 5.94) and moderate growth (revenue +3.8%), but its valuation (EV/EBITDA 18.53) and dividend (payout 143%) present risks in a rising rate environment.
Score by category
| Category | Score |
|---|---|
| Financial health | 6.2 |
| Quality / Moat | 5.6 |
| Valuation | 5.1 |
| Growth | 5.4 |
| Dividend | 2.9 |
| Momentum | 5.1 |
| Risk & Context | 5.5 |
OVERALL SCORE: 5.0/10
Context and risks
The rise in 10-year rates (5.17%) is a headwind for the REIT sector, but EXR already trades at a 23% discount to its 52-week range, suggesting the market has largely priced in this impact. There is no direct geopolitical exposure relevant to its U.S. self-storage rental business.
News considered in the analysis
- Self-Storage Supply Slowdown Points to Recovery — La desaceleración en la nueva oferta del sector apunta a una mejora en el equilibrio oferta-demanda, lo que podría sostener los alquileres y la ocupación de EXR.
- What Makes Extra Space Storage (EXR) a New Buy Stock — Un upgrade de Zacks refleja una visión positiva sobre las perspectivas de la empresa, aunque el impacto real en los fundamentales es limitado.
- Extra Space Storage Inc's Dividend Analysis — Análisis genérico del dividendo sin información nueva sobre la capacidad de pago o cambios en la política de dividendos.
- Is Extra Space Storage Stock Underperforming the Nasdaq? — Comparación de rendimiento sin información sustancial sobre los fundamentales de la empresa.
- Why Is Extra Space Storage (EXR) Down 5.7% Since Last Earnings Report? — La caída posterior a los resultados ya está descontada en el precio actual, que refleja la reacción del mercado a las cifras del último trimestre.
Verdict: Hold; the stability of the self-storage rental business and the discount from its 52-week range offer some support, but leverage and interest rate sensitivity limit upside potential.
Main risk: The main risk is the high leverage (Net Debt/EBITDA of 5.94) and its sensitivity to rising interest rates, which could pressure financing costs and real estate asset valuations.
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