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Extra Space Storage Inc. (EXR)
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REIT note: for real-estate investment trusts the net-income payout ratio overstates the dividend, because large non-cash depreciation depresses GAAP earnings. REITs are evaluated on FFO / AFFO payout (the industry standard) and on the FCF payout — a payout above 100% here is normal for a REIT and is not, by itself, a sign the dividend is unsafe.

Extra Space Storage Inc. (EXR) Dividend Payout Ratio: 147.27%

Is Extra Space Storage Inc.’s dividend payout ratio high or low?

Extra Space Storage Inc.'s dividend payout ratio of 147.27% is 23% above its 5-year average of 119.66%, around the middle of its 5-year range (72.81%–184.09%).

As of Sunday, June 21, 2026. 2.06% above its 12-month average of 144.30%.

Dividend Payout Ratio (147.27%) = TTM Dividends/Share ($6.48) / TTM EPS ($4.40)

EXR Dividend Payout Ratio Chart

EXR Dividend Payout Ratio
147.27%-2.05% 1Y
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EXR Average Dividend Payout Ratio Chart

EXR Current vs Average Dividend Payout Ratio Chart

EXR Dividend Payout Ratio Metrics

DIVIDEND PAYOUT RATIO

147.27%

DIVIDEND PAYOUT RATIO AVG TTM

144.30%

DIVIDEND PAYOUT RATIO AVG 3Y

141.41%

DIVIDEND PAYOUT RATIO AVG 5Y

119.66%

DIVIDEND PAYOUT RATIO AVG 10Y

112.53%

DIVIDEND PAYOUT RATIO AVG 15Y

109.38%

DIVIDEND PAYOUT RATIO AVG 20Y

119.00%

CURRENT VS TTM AVG

+2.06%

CURRENT VS 3Y AVG

+4.15%

CURRENT VS 5Y AVG

+23.07%

CURRENT VS 10Y AVG

+30.88%

CURRENT VS 15Y AVG

+34.65%

CURRENT VS 20Y AVG

+23.76%

Annual Payout Ratio History

YearEPSDividendPayout Ratio
2025$4.59$6.48141.2%
2024$4.03$6.48160.8%
2023$4.74$6.48136.7%
2022$6.41$6.0093.6%
2021$6.20$4.5072.6%
2020$3.71$3.6097.0%
2019$3.27$3.56108.9%
2018$3.28$3.36102.4%
2017$3.79$3.1282.3%
2016$2.92$2.93100.3%
2015$1.58$2.24141.8%
2014$1.54$1.81117.5%
2013$1.54$1.4594.2%
2012$1.15$0.8573.9%
2011$0.55$0.56101.8%
2010$0.30$0.40133.3%
2009$0.37$0.38102.7%
2008$0.61$1.00163.9%
2007$0.53$0.93175.9%
2006$0.27$0.91337.0%
2005($0.14)$0.91N/A (Loss)
2004($1.21)$0.34N/A (Loss)
2003($4.43)$0.00N/A (Loss)
2002($2.60)$0.00N/A (Loss)
2001($0.82)$0.00N/A (Loss)

Extra Space Storage Inc. Dividend Payout Ratio Formula & Definition

The payout ratio shows the share of trailing-12-month earnings paid out as dividends. For REITs, GAAP earnings understate cash generation (large non-cash depreciation), so read this alongside the FCF payout ratio — FFO/AFFO payout is the industry standard.

Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute

Extra Space Storage Inc. Dividend Payout Ratio FAQ

What is the dividend payout ratio for Extra Space Storage Inc. (EXR)?
The dividend payout ratio for EXR stock is 147.27%.
Is Extra Space Storage Inc.'s dividend payout ratio high or low?
Extra Space Storage Inc.'s dividend payout ratio of 147.27% is 23% above its 5-year average of 119.66%, around the middle of its 5-year range (72.81%–184.09%).
What is the TTM average dividend payout ratio for Extra Space Storage Inc. (EXR)?
The TTM average dividend payout ratio for EXR stock is 144.30%.
What is the 3Y average dividend payout ratio for Extra Space Storage Inc. (EXR)?
The 3Y average dividend payout ratio for EXR stock is 141.41%.
What is the 5Y average dividend payout ratio for Extra Space Storage Inc. (EXR)?
The 5Y average dividend payout ratio for EXR stock is 119.66%.
What is the 10Y average dividend payout ratio for Extra Space Storage Inc. (EXR)?
The 10Y average dividend payout ratio for EXR stock is 112.53%.
What is the 15Y average dividend payout ratio for Extra Space Storage Inc. (EXR)?
The 15Y average dividend payout ratio for EXR stock is 109.38%.
What is the 20Y average dividend payout ratio for Extra Space Storage Inc. (EXR)?
The 20Y average dividend payout ratio for EXR stock is 119.00%.

Extra Space Storage Inc. Dividend Payout Ratio History

DATEDIVIDEND PAYOUT RATIO
2026-06-18147.27%
2026-06-17147.28%
2026-06-15184.09%
2026-06-11147.27%
2026-06-09147.28%
2026-06-05147.30%
2026-06-03147.28%
2026-06-01147.27%
2026-05-28147.28%
2026-05-26147.30%
2026-05-21147.29%
2026-05-19147.28%
2026-05-15147.26%
2026-05-13147.29%
2026-05-11147.28%
2026-05-07147.27%
2026-05-05147.27%
2026-05-01147.29%
2026-04-29142.71%
2026-04-27142.75%
2026-04-23142.72%
2026-04-21142.74%
2026-04-17142.74%
2026-04-15142.73%
2026-04-13142.72%
2026-04-09142.72%
2026-04-07142.71%
2026-04-02142.71%
2026-03-31142.72%
2026-03-27142.75%
2026-03-25142.72%
2026-03-23142.74%
2026-03-19142.71%
2026-03-17142.75%
2026-03-13142.74%
2026-03-11142.72%
2026-03-09142.72%
2026-03-05142.74%
2026-03-03142.75%
2026-02-27142.75%
2026-02-25142.73%
2026-02-23142.73%
2026-02-19144.65%
2026-02-17144.64%
2026-02-12144.65%
2026-02-10144.64%
2026-02-06144.63%
2026-02-04144.64%
2026-02-02144.65%
2026-01-29144.65%
2026-01-27144.63%
2026-01-23144.65%
2026-01-21144.64%
2026-01-16144.64%
2026-01-14144.63%
2026-01-12144.63%
2026-01-08144.67%
2026-01-06144.66%
2026-01-02144.62%
2025-12-30144.66%
2025-12-26144.62%
2025-12-23144.62%
2025-12-19144.63%
2025-12-17144.66%
2025-12-15180.78%
2025-12-11144.63%
2025-12-09144.65%
2025-12-05144.64%
2025-12-03144.65%
2025-12-01144.64%
2025-11-26144.63%
2025-11-24144.66%
2025-11-20144.63%
2025-11-18144.62%
2025-11-14144.66%
2025-11-12144.62%
2025-11-10144.65%
2025-11-06144.62%
2025-11-04144.62%
2025-10-31144.65%
2025-10-29140.56%
2025-10-27140.56%
2025-10-23140.55%
2025-10-21140.58%
2025-10-17140.56%
2025-10-15140.55%
2025-10-13140.57%
2025-10-09140.58%
2025-10-07140.56%
2025-10-03140.56%
2025-10-01140.55%
2025-09-29140.55%
2025-09-25140.55%
2025-09-23140.54%
2025-09-19140.56%
2025-09-17140.57%
2025-09-15175.72%
2025-09-11140.56%
2025-09-09140.58%
2025-09-05140.57%
2025-09-03140.55%
2025-08-29140.59%
2025-08-27140.57%
2025-08-25140.56%
2025-08-21140.57%
2025-08-19140.56%
2025-08-15140.57%
2025-08-13140.56%
2025-08-11140.54%
2025-08-07140.57%
2025-08-05140.58%
2025-08-01140.58%
2025-07-30150.35%
2025-07-28150.35%
2025-07-24150.34%
2025-07-22150.34%
2025-07-18150.33%
2025-07-16150.35%
2025-07-14150.36%
2025-07-10150.35%
2025-07-08150.33%
2025-07-03150.34%
2025-07-01150.35%
2025-06-27150.34%
2025-06-25150.33%
2025-06-23150.33%
2025-06-18150.35%
2025-06-16150.33%
2025-06-12150.34%
2025-06-10150.35%
2025-06-06150.33%
2025-06-04150.36%
2025-06-02150.36%
2025-05-29150.34%
2025-05-27150.35%
2025-05-22150.34%
2025-05-20150.34%
2025-05-16150.34%
2025-05-14150.35%
2025-05-12150.37%
2025-05-08150.36%
2025-05-06150.36%
2025-05-02150.35%
2025-04-30160.41%
2025-04-28160.41%
2025-04-24160.38%
2025-04-22160.41%
2025-04-17160.42%
2025-04-15160.41%
2025-04-11160.41%
2025-04-09160.41%
2025-04-07160.41%
2025-04-03160.38%
2025-04-01160.38%
2025-03-28160.37%
2025-03-26160.38%
2025-03-24160.41%
2025-03-20160.41%
2025-03-18160.38%
2025-03-14160.40%
2025-03-12160.41%
2025-03-10160.38%
2025-03-06160.40%
2025-03-04160.42%
2025-02-28160.39%
2025-02-26171.44%
2025-02-24171.41%
2025-02-20171.41%
2025-02-18171.43%
2025-02-13171.44%
2025-02-11171.44%
2025-02-07171.43%
2025-02-05171.45%
2025-02-03171.44%
2025-01-30171.43%
2025-01-28171.42%
2025-01-24171.43%
2025-01-22171.42%
2025-01-17171.42%
2025-01-15171.44%
2025-01-13171.41%
2025-01-08171.45%
2025-01-06171.42%
2025-01-02171.44%
2024-12-30171.45%
2024-12-26171.44%
2024-12-23171.42%
2024-12-19171.43%
2024-12-17171.43%
2024-12-13128.57%
2024-12-11171.42%
2024-12-09171.42%
2024-12-05171.42%
2024-12-03171.41%
2024-11-29171.44%
2024-11-26171.44%
2024-11-22171.42%
2024-11-20171.42%
2024-11-18171.41%
2024-11-14171.45%
2024-11-12171.45%
2024-11-08171.45%
2024-11-06171.42%
2024-11-04171.43%
2024-10-31169.20%
2024-10-29169.18%
2024-10-25169.20%
2024-10-23169.19%
2024-10-21169.20%
2024-10-17169.17%
2024-10-15169.19%
2024-10-11169.20%
2024-10-09169.19%
2024-10-07169.19%
2024-10-03169.18%
2024-10-01169.20%
2024-09-27169.18%
2024-09-25169.20%
2024-09-23169.20%
2024-09-19169.19%
2024-09-17169.19%
2024-09-13126.90%
2024-09-11142.83%
2024-09-09142.81%
2024-09-05142.83%
2024-09-03142.82%
2024-08-29142.81%
2024-08-27142.83%
2024-08-23142.81%
2024-08-21142.81%
2024-08-19142.83%
2024-08-15142.83%
2024-08-13142.83%
2024-08-09142.81%
2024-08-07142.82%
2024-08-05142.83%
2024-08-01122.91%
2024-07-30122.92%
2024-07-26122.92%
2024-07-24122.94%
2024-07-22122.92%
2024-07-18122.93%
2024-07-16122.93%
2024-07-12122.93%
2024-07-10145.60%
2024-07-08145.60%
2024-07-03145.61%
2024-07-01145.62%
2024-06-27145.63%
2024-06-25145.64%
2024-06-21145.60%
2024-06-18145.60%
2024-06-14145.60%
2024-06-12145.62%
2024-06-10145.62%
2024-06-06145.63%
2024-06-04145.61%
2024-05-31145.61%
2024-05-29145.61%
2024-05-24145.62%

Showing the most recent 260 of 2,467 data points. The chart above shows the full history.

About Extra Space Storage Inc.

Extra Space Storage Inc., a prominent, self-administered and self-managed real estate investment trust (REIT), is headquartered in Salt Lake City, Utah, and holds a distinguished place as a member of the S&P 500 index. As of September 30, 2020, its expansive portfolio encompassed 1,906 self-storage facilities, with operations spanning 40 U.S. states, Washington, D.C., and Puerto Rico. Collectively, these facilities offer roughly 1.4 million individual storage units, totaling approximately 147.5 million square feet of rentable area. Extra Space Storage caters to diverse customer needs by providing a wide array of secure and conveniently located storage solutions nationwide. This includes specialized options for vehicles like boats and RVs, as well as dedicated business storage. Notably, it holds the position of the second-largest owner and operator of self-storage facilities throughout the U.S., and stands as the nation's largest self-storage management company.

Salt Lake City, UT
8,012 employees
Real Estate / REIT - Industrial
Sector
Real Estate
Industry
REIT - Industrial
CEO
Joseph Daniel Margolis