Extra Space Storage Inc. (EXR) — Free Cash Flow Yield
Real Estate
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2026, the Company owned and/or operated 4,410 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 3.0 million units and approximately 341.0 million square feet of rentable space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage, and business storage. It is the largest operator of self-storage properties in the United States. Extra Space Storage Inc. was incorporated in 1977 in Maryland, USA.
| Metric | Value |
|---|---|
| FCF Yield | 5.6% |
| Real Estate Sector Avg FCF Yield | 3.7% |
| Annual Free Cash Flow | $1.8B |
| Market Cap | $32.6B |
| P/E Ratio | 98.0x |
Extra Space Storage Inc.'s FCF yield of 5.6% is above the Real Estate sector average (3.7%).
Frequently Asked Questions
What is Extra Space Storage Inc.'s (EXR) free cash flow yield?
Extra Space Storage Inc.'s (EXR) free cash flow yield is 5.6%. That is above the Real Estate sector average (3.7%).
Is EXR's free cash flow yield good?
At 5.6%, EXR's free cash flow yield is considered fair — yields above 10% are generally excellent, 7–10% good, 4–7% fair, and below 4% weak, though context varies by sector and growth stage.
How much free cash flow does Extra Space Storage Inc. generate?
Extra Space Storage Inc. generated $1.8B in free cash flow, against a market cap of $32.6B.
How is free cash flow yield calculated?
Free cash flow yield = (Free Cash Flow ÷ Market Capitalization) × 100%. Free cash flow equals operating cash flow minus capital expenditures.
Data from public filings. Not investment advice. Calculate your own FCF yield →