Essex Property Trust, Inc. (ESS) vs Extra Space Storage Inc. (EXR)
A side-by-side comparison of Essex Property Trust, 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.
ESS
Essex Property Trust, Inc.
$288.04Real EstateDelayed quote: Aug 5, 2026, 4:00 PM EDT
EXR
Extra Space Storage Inc.
$150.04Real EstateDelayed quote: Aug 5, 2026, 4:00 PM EDT
Total return — ESS vs EXR
growth of $100 · dividends reinvested · last 22yESS +799.3%EXR +2859.2%EXR compounded faster
ESS EXR
ESS vs EXR: by the numbers
- •EXR is the larger company ($31.70B vs $18.51B market cap).
- •EXR trades at the lower trailing earnings multiple (33.53 vs 44.67 P/E), one valuation lens rather than an overall verdict.
- •EXR converts more revenue to profit (27.96% vs 12.33% net margin).
- •EXR grew revenue faster over the past five years (18.58% vs 6.01% CAGR).
- •EXR pays the higher dividend yield (4.32% vs 3.59%).
Metrics side by side
Valuation
| Metric | ESS | EXR |
|---|---|---|
| P/E ratio | 44.67 | 33.53 |
| Forward P/E | 48.58 | 32.56 |
| P/S ratio | 9.95 | 9.64 |
| P/B ratio | 3.49 | 2.49 |
| PEG ratio | 12.14 | 2.04 |
| EV / EBITDA | 19.20 | 14.59 |
| FCF yield | 4.99% | 5.31% |
Profitability
| Metric | ESS | EXR |
|---|---|---|
| Gross margin | 70.08% | 28.43% |
| Operating margin | 43.88% | 43.37% |
| Net margin | 12.33% | 27.96% |
| ROE | 4.46% | 7.22% |
| ROIC | 10.69% | 11.83% |
Dividends
| Metric | ESS | EXR |
|---|---|---|
| Dividend yield | 3.59% | 4.32% |
| Payout ratio | 99.14% | 141.18% |
Growth (annualized)
| Metric | ESS | EXR |
|---|---|---|
| Revenue CAGR (5Y) | 6.01% | 18.58% |
| EPS CAGR (5Y) | 3.68% | 4.35% |
| FCF CAGR (5Y) | 5.55% | 17.62% |
| Total return CAGR (5Y) | 1.20% | 0.67% |
Frequently asked
- Which has the lower trailing P/E, ESS or EXR?
- EXR has the lower trailing P/E: ESS trades at 44.67 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, ESS or EXR?
- Over the past five years, EXR grew revenue faster — ESS at a 6.01% CAGR versus EXR at 18.58%.
- Does ESS or EXR pay a bigger dividend?
- ESS yields 3.59% and EXR yields 4.32% based on trailing dividends and the latest price.
- Is ESS or EXR more profitable?
- EXR runs the higher net margin — ESS at 12.33% versus EXR at 27.96%.
- How have ESS and EXR total returns compared?
- Over the past 10 years, ESS delivered 5.71% and EXR delivered 10.24% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Essex Property Trust P/E ratioExtra Space Storage P/E ratioEssex Property Trust dividend yieldExtra Space Storage dividend yieldEssex Property Trust ROEExtra Space Storage ROEEssex Property Trust operating marginExtra Space Storage operating marginEssex Property Trust revenue growthExtra Space Storage revenue growthEssex Property Trust free cash flowExtra Space Storage free cash flow
Essex Property Trust & 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.