AvalonBay Communities, Inc. (AVB) vs Extra Space Storage Inc. (EXR)
A side-by-side comparison of AvalonBay Communities, Inc. and Extra Space Storage Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 5, 2026. Differences are shown without an overall score or investment verdict.
AVB
AvalonBay Communities, Inc.
$188.48Real EstateDelayed quote: Aug 5, 2026, 3:34 PM EDT
EXR
Extra Space Storage Inc.
$149.62Real EstateDelayed quote: Aug 5, 2026, 3:35 PM EDT
Total return — AVB vs EXR
growth of $100 · dividends reinvested · last 22yAVB +608.8%EXR +2859.2%EXR compounded faster
AVB EXR
AVB vs EXR: by the numbers
- •EXR is the larger company ($31.61B vs $26.91B market cap).
- •AVB trades at the lower trailing earnings multiple (26.07 vs 33.53 P/E), one valuation lens rather than an overall verdict.
- •AVB converts more revenue to profit (33.39% vs 27.96% net margin).
- •EXR grew revenue faster over the past five years (18.58% vs 6.62% CAGR).
- •EXR pays the higher dividend yield (4.32% vs 3.73%).
Metrics side by side
Valuation
| Metric | AVB | EXR |
|---|---|---|
| P/E ratio | 26.07 | 33.53 |
| Forward P/E | 31.35 | 32.56 |
| P/S ratio | 8.71 | 9.64 |
| P/B ratio | 2.23 | 2.49 |
| PEG ratio | 5.58 | 2.04 |
| EV / EBITDA | 14.82 | 14.59 |
| FCF yield | 6.01% | 5.31% |
Profitability
| Metric | AVB | EXR |
|---|---|---|
| Gross margin | 66.99% | 28.43% |
| Operating margin | 28.45% | 43.37% |
| Net margin | 33.39% | 27.96% |
| ROE | 8.56% | 7.22% |
| ROIC | 7.34% | 11.83% |
Dividends
| Metric | AVB | EXR |
|---|---|---|
| Dividend yield | 3.73% | 4.32% |
| Payout ratio | 95.41% | 141.18% |
Growth (annualized)
| Metric | AVB | EXR |
|---|---|---|
| Revenue CAGR (5Y) | 6.62% | 18.58% |
| EPS CAGR (5Y) | 4.67% | 4.35% |
| FCF CAGR (5Y) | 9.40% | 17.62% |
| Total return CAGR (5Y) | -0.29% | 0.67% |
Frequently asked
- Which has the lower trailing P/E, AVB or EXR?
- AVB has the lower trailing P/E: AVB trades at 26.07 and EXR at 33.53. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, AVB or EXR?
- Over the past five years, EXR grew revenue faster — AVB at a 6.62% CAGR versus EXR at 18.58%.
- Does AVB or EXR pay a bigger dividend?
- AVB yields 3.73% and EXR yields 4.32% based on trailing dividends and the latest price.
- Is AVB or EXR more profitable?
- AVB runs the higher net margin — AVB at 33.39% versus EXR at 27.96%.
- How have AVB and EXR total returns compared?
- Over the past 10 years, AVB delivered 3.88% and EXR delivered 10.24% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
AvalonBay Communities P/E ratioExtra Space Storage P/E ratioAvalonBay Communities dividend yieldExtra Space Storage dividend yieldAvalonBay Communities ROEExtra Space Storage ROEAvalonBay Communities operating marginExtra Space Storage operating marginAvalonBay Communities revenue growthExtra Space Storage revenue growthAvalonBay Communities free cash flowExtra Space Storage free cash flow
AvalonBay Communities & Extra Space Storage appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 5, 2026.