Is AVB or EXR cheaper?

On trailing earnings, AVB is cheaper: AVB trades at a 22.05 P/E and EXR at 33.03.

Which has grown faster, AVB or EXR?

Over the past five years, EXR grew revenue faster — AVB at a 6.36% CAGR versus EXR at 19.26%.

Does AVB or EXR pay a bigger dividend?

AVB yields 3.96% and EXR yields 4.46% based on trailing dividends and the latest price.

Is AVB or EXR more profitable?

AVB runs the higher net margin — AVB at 37.27% versus EXR at 27.82%.

Which has been the better investment, AVB or EXR?

Over the past 10-year, EXR delivered the higher annualized total return — AVB at 3.65% versus EXR at 9.30%. Past performance doesn't predict future results.

AvalonBay Communities, Inc. (AVB) vs Extra Space Storage Inc. (EXR)

EXR leads on 8 of 15 compared metrics, though AVB is the cheaper stock.

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 June 21, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

AVB

AvalonBay Communities, Inc.

$25.16B

$177.32Real Estate

EXR

Extra Space Storage Inc.

$30.70B

$145.33Real Estate

Total return — AVB vs EXR

growth of $100 · last 22y

AVB +200.0%EXR +1062.6%EXR compounded faster

AVB EXR

AVB vs EXR: by the numbers

•EXR is the larger company ($30.70B vs $25.16B market cap).
•AVB trades at the lower earnings multiple (22.05 vs 33.03 P/E).
•AVB converts more revenue to profit (37.27% vs 27.82% net margin).
•EXR grew revenue faster over the past five years (19.26% vs 6.36% CAGR).
•EXR pays the higher dividend yield (4.46% vs 3.96%).

Which is better, AVB or EXR?

Metric tally: AVB 7 · EXR 8

It depends on what you're optimizing for:

ValueAVB(lower P/E)

GrowthEXR(faster 5Y revenue CAGR)

IncomeEXR(higher dividend yield)

QualityEXR(higher ROIC)

Metrics side by side

Valuation

Metric	AVB	EXR
P/E ratio	22.05●	33.03
Forward P/E	33.00	29.93●
P/S ratio	8.15●	9.44
P/B ratio	2.17●	2.40
PEG ratio	4.72	2.04●
EV / EBITDA	17.17	14.11●

Profitability

Metric	AVB	EXR
Gross margin	67.92%●	27.87%
Operating margin	29.15%	43.25%●
Net margin	37.27%●	27.82%
ROE	9.94%●	7.08%
ROIC	4.28%	4.89%●

Dividends

Metric	AVB	EXR
Dividend yield	3.96%	4.46%●
Payout ratio	95.00%	141.18%

Growth (annualized)

Metric	AVB	EXR
Revenue CAGR (5Y)	6.36%	19.26%●
EPS CAGR (5Y)	4.67%●	4.35%
Total return CAGR (5Y)	0.38%	2.16%●

Frequently asked

Which is better, AVB or EXR?: It depends on your goal. value: AVB (lower P/E); growth: EXR (faster 5Y revenue CAGR); income: EXR (higher dividend yield); quality: EXR (higher ROIC). Across all compared metrics, EXR leads 8 to 7.
Is AVB or EXR cheaper?: On trailing earnings, AVB is cheaper: AVB trades at a 22.05 P/E and EXR at 33.03.
Which has grown faster, AVB or EXR?: Over the past five years, EXR grew revenue faster — AVB at a 6.36% CAGR versus EXR at 19.26%.
Does AVB or EXR pay a bigger dividend?: AVB yields 3.96% and EXR yields 4.46% based on trailing dividends and the latest price.
Is AVB or EXR more profitable?: AVB runs the higher net margin — AVB at 37.27% versus EXR at 27.82%.
Which has been the better investment, AVB or EXR?: Over the past 10-year, EXR delivered the higher annualized total return — AVB at 3.65% versus EXR at 9.30%. Past performance doesn't predict future results.

Go deeper

Full AVB analysis Full EXR analysis Interactive comparison tool

Dig into the metrics

AvalonBay Communities P/E ratio Extra Space Storage P/E ratio AvalonBay Communities dividend yield Extra Space Storage dividend yield AvalonBay Communities ROE Extra Space Storage ROE AvalonBay Communities operating margin Extra Space Storage operating margin AvalonBay Communities revenue growth Extra Space Storage revenue growth AvalonBay Communities free cash flow Extra Space Storage free cash flow

AvalonBay Communities & Extra Space Storage appear in these rankings

Highest Dividend Yield Stocks Fastest Revenue Growth Stocks Highest Operating Margin Stocks Highest FCF Yield Stocks

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 June 21, 2026.