What is the 13F Pro Quality Score for EXR?

13F Pro ranks Extra Space Storage Inc. (EXR) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View EXR's current score at https://13fpro.ai/company/EXR (free sign-up required for the full ranking).

Where does 13F Pro source EXR data?

All Extra Space Storage Inc. fundamentals and ownership data come directly from SEC EDGAR. Extra Space Storage Inc. files with the SEC under CIK 1289490. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is EXR in?

Extra Space Storage Inc. (EXR) is classified in the Real Estate sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/real-estate.

What drives EXR's revenue?

Per Extra Space Storage Inc.'s latest 10-Q filed with the SEC on 2026-07-31, the biggest revenue drivers are: Property rental ($746.2M, +3.5% YoY); Tenant reinsurance ($93.1M, +5.1% YoY); Management fees and other income ($34.9M, +8.9% YoY). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/EXR.

What are EXR's largest expenses?

Extra Space Storage Inc.'s latest 10-Q reports these as the largest expense items: Property operations ($231.7M, +1.8% YoY); Depreciation and amortization ($185.6M, +4.7% YoY); General and administrative ($47.3M, +5.3% YoY). Sourced directly from SEC EDGAR filing text for Q2 FY2026 (quarter ended June 30, 2026).

How often is EXR research updated on 13F Pro?

EXR's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Extra Space Storage Inc.(EXR)Stock Analysis

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Why EXR Scores 64/100

exact factor attribution · 2026-08-29

EXR's composite is driven by free cash flow and profitability, held back by scale. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+7.2 pts

98th pct

Profitability

+7.2 pts

98th pct

Institutional flow

+1.6 pts

83th pct

Earnings quality

+1.3 pts

63th pct

▲2

Capital efficiency

+1.0 pts

60th pct

Shareholder dilution

+0.3 pts

56th pct

Revenue growth

+0.0 pts

50th pct

Earnings growth

-0.3 pts

44th pct

Scale

-4.0 pts

23th pct

Latest change (2026-08-01): 67 → 59 · ↓ Revenue growth 71→45; ↓ Dilution 56→7

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

EXR Stock Analysis & AI Quality Score

Data updated 2026-08-29

AI stock analysis and institutional research for Extra Space Storage Inc. (EXR), a Real Estate sector company. 13F Pro tracks EXR using direct SEC EDGAR data and AI-powered research tools. Based on the latest XBRL financial filings (Q2 2026), Extra Space Storage Inc. reports quarterly revenue of $874.2M, net income of $263.5M, an operating margin of 44.9%. Top institutional holders of EXR by reported 13-F value include BlackRock, VANGUARD PORTFOLIO MANAGEMENT, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. EXR trades on the NYSE exchange and files with the SEC under CIK 1289490. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate EXR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Extra Space Storage Inc. directly from SEC EDGAR. Extra Space Storage Inc.'s 13F Pro composite quality score has ranged between 53 and 74 since 2021, currently 64.3 — a declining long-term trajectory across 65 quarterly and live scoring snapshots.

What's Driving EXR's Business? Latest 10-Q Breakdown

AI-extracted from Extra Space Storage Inc.'s 10-Q filed 2026-07-31 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 revenue reached $874.2M (+3.9% YoY) driven by property rental growth of $25.2M and tenant reinsurance revenue of $93.1M (+5.1% YoY).

Biggest Revenue Drivers

Property rental$746.2M+3.5% YoY

Growth from acquisitions of 18 stores in H1 2026 and 76 in FY2025, partially offset by dispositions; improved by increases in average annual rent per occupied square foot.

Tenant reinsurance$93.1M+5.1% YoY

Increase due primarily to higher number of stores operated; company operated 4,410 stores at June 30, 2026 vs. 4,179 at June 30, 2025.

Biggest Revenue Drivers

Total revenue: $874.2M+3.9% YoY

Property rental$746.2M+3.5% YoY

Growth from acquisitions of 18 stores in H1 2026 and 76 in FY2025, partially offset by dispositions; improved by increases in average annual rent per occupied square foot.

Tenant reinsurance$93.1M+5.1% YoY

Increase due primarily to higher number of stores operated; company operated 4,410 stores at June 30, 2026 vs. 4,179 at June 30, 2025.

Management fees and other income$34.9M+8.9% YoY

Increase from higher number of managed stores (1,964 vs. 1,749 prior year) and increased revenue of stores under management.

Largest Expense Items

Property operations$231.7M+1.8% YoY

Growth from acquisitions partially offset by expense control across portfolio; property taxes and insurance increased.

Depreciation and amortization$185.6M+4.7% YoY

Increase primarily from acquisition of 18 wholly-owned stores in H1 2026 and 76 stores in FY2025.

General and administrative$47.3M+5.3% YoY

Includes corporate payroll, office expense, office rent, travel and professional fees.

Tenant reinsurance$17.3M+2.2% YoY

Costs incurred to provide tenant reinsurance; subject to volatility from claims.

Watch Items from the Filing

Fixed-rate debt comprises 78.5% of total debt; variable-rate debt exposure of ~$3.0B means 100 bps SOFR increase would raise annual interest expense by ~$29.8M.
Same-store occupancy declined from 94.4% (Q2 2025) to 94.2% (Q2 2026); average annual rent per occupied square foot grew 2.3% to $19.95, indicating pricing power offset slight occupancy pressure.
Bridge loan portfolio decreased to $1.45B (June 2026) from $1.54B (June 2025), reducing interest income; company sold $30.5M of mortgage receivables in H1 2026.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Revenue

Q2 2026

$874.2M

Net Income

Q2 2026

$263.5M

Free Cash Flow

Q2 2026

$499.6M

Operating Margin

Q2 2026

44.9%

ROIC

Q2 2026

11.8%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+3.7% YoY

$3.38BFY 2025

FY22 $1.92BFY23 $2.56BFY24 $3.26BFY25 $3.38B

Net Income

+14.0% YoY

$974.0MFY 2025

FY22 $860.7MFY23 $803.2MFY24 $854.7MFY25 $974.0M

Operating Income

+6.8% YoY

$1.41BFY 2025

FY22 $1.05BFY23 $1.17BFY24 $1.32BFY25 $1.41B

EPS (Diluted)

+13.9% YoY

$4.59FY 2025

FY22 $6.41FY23 $4.74FY24 $4.03FY25 $4.59

Total Assets

+1.4% YoY

$29.26BFY 2025

FY22 $12.17BFY23 $27.46BFY24 $28.85BFY25 $29.26B

Op. Cash Flow

-2.0% YoY

$1.85BFY 2025

FY22 $1.24BFY23 $1.40BFY24 $1.89BFY25 $1.85B

Free Cash Flow

-8.5% YoY

$1.29BFY 2025

FY22 $44.9MFY23 $1.27BFY24 $1.41BFY25 $1.29B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$3.38B +3.7%	$3.26B +27.2%	$2.56B +33.1%	$1.92B +22.0%	$1.58B +16.3%	$1.36B
Net Income	$974.0M +14.0%	$854.7M +6.4%	$803.2M -6.7%	$860.7M +4.0%	$827.6M +71.8%	$481.8M
Operating Income	$1.41B +6.8%	$1.32B +13.1%	$1.17B +11.4%	$1.05B +7.6%	$976.0M +46.5%	$666.1M
EPS (Diluted)	$4.59 +13.9%	$4.03 -15.0%	$4.74 -26.1%	$6.41 +3.6%	$6.19 +66.8%	$3.71
Total Assets	$29.26B +1.4%	$28.85B +5.1%	$27.46B +125.7%	$12.17B +16.2%	$10.47B +11.5%	$9.40B
Operating Cash Flow	$1.85B -2.0%	$1.89B +34.6%	$1.40B +13.3%	$1.24B +30.0%	$952.4M +23.5%	$771.2M
Free Cash Flow	$1.29B -8.5%	$1.41B +11.2%	$1.27B +2723.0%	$44.9M	—	—

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Available Research

13F Pro tracks comprehensive data for Extra Space Storage Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of EXR

BlackRock, Inc.
$3.3B22,947,440 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.7B18,616,459 sh
VANGUARD CAPITAL MANAGEMENT LLC
$2.0B13,807,439 sh
STATE STREET CORP
$2.0B13,558,465 sh
COHEN & STEERS, INC.
$1.9B12,896,053 sh
NORGES BANK
$1.4B9,300,678 sh
Capital Research Global Investors
$915.4M6,300,111 sh
GEODE CAPITAL MANAGEMENT, LLC
$888.8M6,139,183 sh
PRINCIPAL FINANCIAL GROUP INC
$880.1M6,057,187 sh
FMR LLC
$739.4M5,088,487 sh

Fund	Value	Shares
BlackRock, Inc.	$3.3B	22,947,440
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.7B	18,616,459
VANGUARD CAPITAL MANAGEMENT LLC	$2.0B	13,807,439
STATE STREET CORP	$2.0B	13,558,465
COHEN & STEERS, INC.	$1.9B	12,896,053
NORGES BANK	$1.4B	9,300,678
Capital Research Global Investors	$915.4M	6,300,111
GEODE CAPITAL MANAGEMENT, LLC	$888.8M	6,139,183
PRINCIPAL FINANCIAL GROUP INC	$880.1M	6,057,187
FMR LLC	$739.4M	5,088,487

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Is EXR a good stock to buy?

13F Pro's AI-powered analysis of Extra Space Storage Inc. (EXR) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Real Estate sector (listed on NYSE). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for EXR are available on the EXR stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. EXR is classified as a large company.

Which hedge funds own EXR?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling EXR. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Extra Space Storage Inc.'s investment landscape.