EXRExtra Space Storage
Is it safe?
No red flags in what's measurable: comfortable debt (AA) and steady price behavior.
Rock-solid balance sheet, low leverage. A rule of thumb on leverage, not a credit rating.
Relatively steady, low volatility. Worst drawdown -51% · now 12% below its 52-week high.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can EXR take a bad year?
Extra Space Storage carries $800M of net debt at 0.37× EBITDA: a load its earnings can carry.
Net debt · as at Q2 2026 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.37×
Net debt / EBITDA · 0.83× a year ago · the load is coming down
- Debt / equity
- 0.11×
Debt / equity
- Annualised volatility
- 25%
Annualised volatility · about as steady as the market itself
Details›
- Total debtQ2 2026
- $1.50B
- Cash and short-term investments
- $695M
- Net debt
- $800M
- EBITDA, trailing twelve months
- $2.14B
- Operating profit, trailing twelve months
- $1.41B
- Debt / equity
- 0.11×
- Total debt / EBITDA
- 0.70×
- Annualised volatilitytwo years of daily moves
- 25%
- Worst drawdown on file
- −51%
- Below its 52-week high
- 12%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.
REIT, Industrial
The closest names by size in the same industry