Extra Space Storage Inc. (EXR) vs Ventas, Inc. (VTR)
A side-by-side comparison of Extra Space Storage Inc. and Ventas, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 3, 2026. Differences are shown without an overall score or investment verdict.
Total return — EXR vs VTR
growth of $100 · dividends reinvested · last 10yEXR vs VTR: by the numbers
- •VTR is the larger company ($40.84B vs $28.15B market cap).
- •EXR converts more revenue to profit (27.96% vs 4.13% net margin).
- •EXR grew revenue faster over the past five years (18.58% vs 11.91% CAGR).
- •EXR pays the higher dividend yield (4.86% vs 2.38%).
Metrics side by side
Valuation
| Metric | EXR | VTR |
|---|---|---|
| P/E ratio | 29.81 | 155.57 |
| Forward P/E | 28.61 | 144.14 |
| PEG ratio | 6.85 | N/A |
| P/S ratio | 8.22 | 6.34 |
| P/B ratio | 2.12 | 2.79 |
| EV / EBITDA | 18.90 | 23.41 |
For REITs like Extra Space Storage Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like Ventas, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | EXR | VTR |
|---|---|---|
| Gross margin | 23.00% | -2.58% |
| Operating margin | 43.37% | 12.94% |
| Net margin | 27.96% | 4.13% |
| ROE | 7.22% | 1.82% |
| ROIC | 5.09% | 2.81% |
Dividends
| Metric | EXR | VTR |
|---|---|---|
| Dividend yield | 4.86% | 2.38% |
| Payout ratio | 144.97% | 370.37% |
Extra Space Storage Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Ventas, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | EXR | VTR |
|---|---|---|
| Revenue CAGR (5Y) | 18.58% | 11.91% |
| EPS CAGR (5Y) | 4.35% | -14.16% |
| FCF CAGR (5Y) | N/A | 0.22% |
| Total return CAGR (5Y) | -0.66% | 12.05% |
Frequently asked
- Which has grown faster, EXR or VTR?
- Over the past five years, EXR grew revenue faster — EXR at a 18.58% CAGR versus VTR at 11.91%.
- Does EXR or VTR pay a bigger dividend?
- EXR yields 4.86% and VTR yields 2.38% based on trailing dividends and the latest price.
- Is EXR or VTR more profitable?
- EXR runs the higher net margin — EXR at 27.96% versus VTR at 4.13%.
- How have EXR and VTR total returns compared?
- Over the past 10 years, EXR delivered 9.38% and VTR delivered 6.07% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Extra Space Storage & Ventas 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 October 3, 2026.