Extra Space Storage Inc.
EXRReal Estate · Stock · quarterly payer
Forward Yield
4.37%
Annual Dividend
$6.48
Payout Ratio
146%
5-Yr Growth
12.5%
Ex-Date
Jun 15, 2026
Frequency
Quarterly
Summary
As of July 2026, Extra Space Storage Inc. (EXR) yields 4.37% ($6.48 per share annually), with a blended fair-value estimate of $97.77 — -34% downside, so it screens as overvalued. Dividend safety grade: D (49/100).
Is EXR a good dividend stock?
MixedExtra Space Storage Inc. (EXR) pays a quarterly dividend yielding 4.37% ($6.48/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 12.5% 5-yr dividend growth
Risks
- Cut its dividend in 2023
- Elevated payout ratio (146%)
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 4.37%
- Payout Ratio
- 146%
- Annual Dividend
- $6.48
- 5-Yr Avg Growth
- 12.5%
- Ex-Dividend Date
- Jun 15, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 1.20
- Market Cap
- $32.5B
- P/E Ratio
- 33.2
- 5-Yr Total Return
- -21%
- 52-Week Range
- $125.71 – $155.19
- Dividend Safety
- D · 49/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
EXR Price — Last 12 Months
Daily close
Price Return
1 Year
+3%
3 Years
+15%
5 Years
-21%
52-Week Range
$125.71 – $155.19
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EXR worth?
Overvaluedlow confidenceOur blended fair-value estimate for Extra Space Storage Inc. is $97.77 per share, versus a market price of $148.16. That implies 34% of downside.
Fair Value
$97.77
Current Price
$148.16
Downside
-34%
Margin of Safety
-52%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 10.3% discount rate (CAPM), 5.8% stage-1 growth, 2.5% terminal growth, $4.44 EPS, $6.48 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EXR Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $1.6200 | regular |
| Mar 16, 2026 | — | $1.6200 | regular |
| Dec 15, 2025 | — | $1.6200 | regular |
| Sep 15, 2025 | — | $1.6200 | regular |
| Jun 16, 2025 | — | $1.6200 | regular |
| Mar 14, 2025 | — | $1.6200 | regular |
| Dec 16, 2024 | — | $1.6200 | regular |
| Sep 16, 2024 | — | $1.6200 | regular |
| Jun 14, 2024 | — | $1.6200 | regular |
| Mar 14, 2024 | — | $1.6200 | regular |
| Dec 14, 2023 | — | $1.6200 | regular |
| Sep 14, 2023 | — | $0.6100 | regular |
| Jul 12, 2023 | — | $1.0100 | regular |
| Jun 14, 2023 | — | $1.6200 | regular |
Income Calculator
At $6.48 / yr per share
