Extra Space Storage Inc.
EXRExtra Space Storage Inc. (EXR) is a Real Estate company that currently yields 3.15% — 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 143% 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 40.0% downside to reach the Weiss buy zone
Undervaluation starts near $88.15, where the annual dividend would imply roughly 5.24% yield. That is 2.09% above today's yield.
Buy-zone price
$88.15
Target yield
5.24%
Research checklist
What to clear before buying the yield
Updated Aug 23, 2026
Dividend durability
14YLong dividend history supports a deeper look.
Earnings payout
143%Coverage deserves a closer look in filings.
Cash payout
91%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
2026-08-22 → 2026-08-23
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 3.1% vs historical max 5.1% (62% of maximum).
Recent dividend history shows no sustained growth streak.
Elevated payout ratio of 143%.
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
$315
Year 10 Income
$416
Yield on Cost
4.29%
Total Income
$3,632
Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.
Track actual vs. projected
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Dividend income log · Yield on cost · DRIP cost basis · Tax reports
More research
Full price history & technical analysis
TradingView ↗Fundamentals, valuation & analyst ratings
FinViz ↗Moat rating & analyst fair value
Morningstar ↗Track dividends received & tax reports
Sharesight ↗EXR Dividend Quality Score
Quality Score
Risky
Key Metrics
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In-depth analysis
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