Extra Space Storage Inc.
EXRExtra Space Storage Inc. (EXR) is a Real Estate company that currently yields 3.22% — trading near fair value based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $88.15 and the overvaluation threshold at $158.47. Extra Space Storage Inc. holds a quality score of 5/100 (Risky), reflecting 14 consecutive years of dividend growth with a 146% payout ratio. The 5-year dividend CAGR stands at -13.6%.
EXR Dividend Yield History — Weiss Valuation
Distance to undervalued
Waiting for a better entry
Needs about 38.5% downside to reach the Weiss buy zone
Undervaluation starts near $88.15, where the annual dividend would imply roughly 5.24% yield. That is 2.02% above today's yield.
Buy-zone price
$88.15
Target yield
5.24%
Research checklist
What to clear before buying the yield
Updated May 25, 2026
Dividend durability
14YLong dividend history supports a deeper look.
Earnings payout
146%Coverage deserves a closer look in filings.
Cash payout
102%Confirm cash conversion and one-off effects.
Dividend growth
-13.6%Lower growth changes the return trade-off.
What changed
What changed since the last update
2026-05-23 → 2026-05-25
No major change in signal, yield, price, quality, or payout since the last update.
Why Now?
Extra Space Storage Inc. is trading at a fair valuation relative to its dividend history.
Current yield 3.2% vs historical max 5.1% (63% of maximum).
Recent dividend history shows no sustained growth streak.
Elevated payout ratio of 146%.
What matters now
Read the signal before the headline yield
Valuation is neutral here: quality has to do more of the work than entry price.
The 5/100 quality score says the headline yield needs extra skepticism.
The earnings payout ratio is above 100%, so coverage is the first risk to unpack.
EXR Dividend Income Projection — DRIP Compounder
Dividend Compounder (DRIP)
Year 1 Income
$322
Year 10 Income
$429
Yield on Cost
4.43%
Total Income
$3,734
Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.
More research
Full price history & technical analysis
TradingView ↗Fundamentals, valuation & analyst ratings
FinViz ↗Moat rating & analyst fair value
Morningstar ↗EXR Dividend Quality Score
Quality Score
Risky
Key Metrics
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In-depth analysis
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