Extra Space Storage vs Public Storage
EXR and PSA side by side, both in miscellaneous investing. Figures are trailing twelve months unless noted, from SEC filings and end-of-day prices.
How EXR and PSA compare
Public Storage is the larger company, worth 1.8 times as much as Extra Space Storage ($57.0B against $32.0B).
On earnings, Extra Space Storage is cheaper: it trades at 30.8× trailing earnings, against 31.0× for Public Storage.
Extra Space Storage grew revenue faster over the last twelve months (4.1% versus 3.0% for Public Storage).
Public Storage keeps more of each dollar of sales as profit, with a net margin of 41.8% compared with 29.9% at Extra Space Storage.
Both pay dividends: Extra Space Storage yields 4.3% and Public Storage 3.7%.
Extra Space Storage scores higher on the StockData Score (16 against 12 for Public Storage), which adds up 30 checks on valuation, growth, past performance, financial health and dividends.
Key numbers
A dot marks the better figure where higher or lower is clearly better.
| Metric | EXR | PSA |
|---|---|---|
| Size and price | ||
| Market cap | $32.0B | $57.0B |
| Share price | $151.32 | $324.77 |
| Change, 1 year | 6.7% | 12.3% |
| Change, 5 years | −22.2% | 0.59% |
| Beta (5Y) | 0.86 | 0.74 |
| Employees | 8,393 | 5,770 |
| StockData Score | ||
| Total score | 16 (better) | 12 |
| Valuation score | 1 (better) | 0 |
| Growth score | 3 (better) | 2 |
| Performance score | 4 | 4 |
| Health score | 4 | 5 (better) |
| Dividend score | 4 (better) | 1 |
| Valuation | ||
| P/E | 30.8× (better) | 31.0× |
| P/S | 9.2× (better) | 11.7× |
| P/B | 2.5× (better) | 6.2× |
| EV/EBITDA | 14.1× (better) | 16.1× |
| P/FCF | 20.6× | – |
| FCF yield | 4.9% | – |
| Fair value | $124.86 | $252.73 |
| Margin of safety | −21.2% (better) | −28.5% |
| Growth | ||
| Revenue growth (TTM) | 4.1% (better) | 3.0% |
| Revenue growth, 5Y average | 20.0% (better) | 10.6% |
| Net income growth (TTM) | 9.5% | 12.9% (better) |
| EPS growth (TTM) | 5.8% | 14.3% (better) |
| EPS growth, 5Y average | 4.3% | 7.5% (better) |
| Profitability | ||
| Gross margin | 73.0% | – |
| Operating margin | 43.8% | – |
| Net margin | 29.9% | 41.8% (better) |
| FCF margin | 44.7% | – |
| Return on equity | 7.9% | 22.0% (better) |
| Return on invested capital | 11.1% | – |
| Financial health | ||
| Debt / equity | 0.00 | 0.00 |
| Net debt / EBITDA | – | −0.07 |
| Altman Z-score | 1.46 | 3.31 (better) |
| Piotroski F-score | 5 | 6 (better) |
| Dividends and buybacks | ||
| Dividend yield | 4.3% (better) | 3.7% |
| Payout ratio | 132% | – |
| Years of dividend growth | 0 | 0 |
| Dividend growth, 5Y average | 12.5% (better) | 8.4% |
| Buyback yield | 1.5% | – |
| Shareholder yield | 5.8% (better) | 3.7% |
| Ownership | ||
| Held by institutions | 99.4% | 87.1% |
| Held by insiders | 1.1% | 10.0% |
| Insider net buying, 12 months | −$1.6M | −$772K (better) |
| Superinvestors holding | 1 | 1 |
| Short interest, % of float | 2.6% | 4.2% |
Go deeper
- EXR stock overview
- EXR income statement
- EXR valuation and score
- PSA stock overview
- PSA income statement
- PSA valuation and score
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For information only, not investment advice. Check the source filings before relying on any figure.