Extra Space Storage (EXR) vs First Industrial Realty (FR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
First Industrial Realty (FR) has outperformed Extra Space Storage (EXR) over the past year, gaining 12.6% versus a loss of 7.8%. Over five years, FR leads with a +2.7% price change compared with -28.0% for EXR. Extra Space Storage is the larger company by market cap ($29.07 billion vs $7.97 billion), about 3.6 times the size, while First Industrial Realty is growing revenue faster (+8.6% vs +3.7%).
On valuation, Extra Space Storage trades at a lower forward P/E (27.1x vs 30.9x for First Industrial Realty). Extra Space Storage offers the higher dividend yield (4.92% vs 3.25%). First Industrial Realty converts more of its revenue into profit, with a net margin of 34.0% versus 28.8%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | EXR | FR |
|---|---|---|
| Share price | $131.70 | $58.18 |
| Market cap | $29.07B | $7.97B |
| 1-day change | -1.64% | -1.82% |
| YTD return | +1.14% | +1.59% |
| 1-year return | -7.82% | +12.62% |
| 5-year return | -28.02% | +2.72% |
| P/E ratio (TTM) | 29.07 | 21.16 |
| Forward P/E | 27.14 | 30.86 |
| EPS (TTM) | $4.53 | $2.75 |
| Dividend yield | 4.92% | 3.25% |
| Annual dividend | $6.48 | $1.89 |
| Revenue (latest FY) | $3.38B | $727.08M |
| Revenue growth (YoY) | +3.70% | +8.58% |
| Net income (latest FY) | $974.00M | $247.44M |
| Gross margin | 72.82% | — |
| Operating margin | 41.83% | — |
| Net margin | 28.84% | 34.03% |
| 52-week high | $158.88 | $69.88 |
| 52-week low | $125.71 | $50.24 |
| Distance from 52-week high | -17.11% | -16.74% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +20.16% | +24.18% |
| Average volume | 1.26M | 1.03M |
| Shares outstanding | 211.27M | 132.57M |
| Employees | 8,393 | 151 |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Extra Space Storage is about 3.6 times larger than First Industrial Realty by market value ($29.07B vs $7.97B).
- FR has outperformed EXR by 20.4 percentage points over the past year.
- Extra Space Storage trades at a higher earnings multiple (29.1x vs 21.2x trailing P/E).
- Extra Space Storage offers a meaningfully higher dividend yield (4.92% vs 3.25%).
- First Industrial Realty is more profitable, keeping 34.0 cents of every revenue dollar as net income versus 28.8 cents for Extra Space Storage.
About Extra Space Storage
EXR stock →Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2026, the Company owned and/or operated 4,410 self-storage stores in 42 states and Washington, D.C.
Real Estate · Real Estate Investment Trusts · 8,393 employees
About First Industrial Realty
FR stock →First Industrial Realty Trust, Inc. is a leading U.S.-only owner, operator, developer and acquirer of logistics properties.
Real Estate · Real Estate Investment Trusts · 151 employees
EXR vs FR FAQ
Which is bigger, Extra Space Storage or First Industrial Realty?
Extra Space Storage (EXR) is larger, with a market capitalization of $29.07B compared with $7.97B for First Industrial Realty (FR).
Which stock has performed better over the past year, EXR or FR?
FR returned +12.62% over the past 12 months, compared with -7.82% for EXR (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EXR or FR?
FR has the lower trailing P/E at 21.2, versus 29.1 for EXR. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Extra Space Storage or First Industrial Realty?
Extra Space Storage has the higher yield at 4.92%, compared with 3.25% for First Industrial Realty.
Are Extra Space Storage and First Industrial Realty in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.