Extra Space Storage Inc. (EXR) vs Public Storage (PSA)
PSA leads on 8 of 14 compared metrics.
A side-by-side comparison of Extra Space Storage Inc. and Public Storage across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 20, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
EXR
Extra Space Storage Inc.
$147.28Real EstateDelayed quote: Jul 20, 2026, 4:00 PM EDT
PSA
Public Storage
$315.53Real EstateDelayed quote: Jul 20, 2026, 4:00 PM EDT
Total return — EXR vs PSA
growth of $100 · dividends reinvested · last 22yEXR +2808.2%PSA +1265.7%EXR compounded faster
EXR PSA
EXR vs PSA: by the numbers
- •PSA is the larger company ($55.40B vs $31.11B market cap).
- •PSA trades at the lower earnings multiple (32.82 vs 33.47 P/E).
- •PSA converts more revenue to profit (39.16% vs 27.82% net margin).
- •EXR grew revenue faster over the past five years (19.26% vs 10.32% CAGR).
- •EXR pays the higher dividend yield (4.40% vs 3.77%).
Which is better, EXR or PSA?
Metric tally: EXR 6 · PSA 8It depends on what you're optimizing for:
GrowthEXR(faster 5Y revenue CAGR)
IncomeEXR(higher dividend yield)
QualityPSA(higher ROIC)
Metrics side by side
Valuation
| Metric | EXR | PSA |
|---|---|---|
| P/E ratio | 33.47 | 32.82 |
| Forward P/E | 31.91 | 31.19● |
| P/S ratio | 9.56● | 11.52 |
| P/B ratio | 2.43● | 6.07 |
| PEG ratio | 2.04● | 4.36 |
| EV / EBITDA | 21.13 | 18.05● |
Profitability
| Metric | EXR | PSA |
|---|---|---|
| Gross margin | 27.87%● | 24.96% |
| Operating margin | 43.25% | 50.85%● |
| Net margin | 27.82% | 39.16%● |
| ROE | 7.08% | 20.63%● |
| ROIC | 5.18% | 13.14%● |
Dividends
| Metric | EXR | PSA |
|---|---|---|
| Dividend yield | 4.40%● | 3.77% |
| Payout ratio | 141.18% | 132.74% |
Growth (annualized)
| Metric | EXR | PSA |
|---|---|---|
| Revenue CAGR (5Y) | 19.26%● | 10.32% |
| EPS CAGR (5Y) | 4.35% | 7.52%● |
| Total return CAGR (5Y) | 0.91% | 3.83%● |
Frequently asked
- Which is better, EXR or PSA?
- It depends on your goal. growth: EXR (faster 5Y revenue CAGR); income: EXR (higher dividend yield); quality: PSA (higher ROIC). Across all compared metrics, PSA leads 8 to 6.
- Is EXR or PSA cheaper?
- On trailing earnings, PSA is cheaper: EXR trades at a 33.47 P/E and PSA at 32.82.
- Which has grown faster, EXR or PSA?
- Over the past five years, EXR grew revenue faster — EXR at a 19.26% CAGR versus PSA at 10.32%.
- Does EXR or PSA pay a bigger dividend?
- EXR yields 4.40% and PSA yields 3.77% based on trailing dividends and the latest price.
- Is EXR or PSA more profitable?
- PSA runs the higher net margin — EXR at 27.82% versus PSA at 39.16%.
- Which has been the better investment, EXR or PSA?
- Over the past 10-year, EXR delivered the higher annualized total return — EXR at 8.69% versus PSA at 6.01%. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Extra Space Storage P/E ratioPublic Storage P/E ratioExtra Space Storage dividend yieldPublic Storage dividend yieldExtra Space Storage ROEPublic Storage ROEExtra Space Storage operating marginPublic Storage operating marginExtra Space Storage revenue growthPublic Storage revenue growthExtra Space Storage free cash flowPublic Storage free cash flow
Extra Space Storage & Public 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 July 20, 2026.