Extra Space Storage (EXR) vs Realty Income (O)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Extra Space Storage (EXR) has outperformed Realty Income (O) over the past year, losing 7.8% versus a loss of 10.5%. Over five years, O leads with a -21.0% price change compared with -28.0% for EXR. Realty Income is the larger company by market cap ($50.48 billion vs $29.07 billion), about 1.7 times the size.
On valuation, Extra Space Storage trades at a lower forward P/E (27.1x vs 34.4x for Realty Income). Realty Income offers the higher dividend yield (6.06% vs 4.92%). Extra Space Storage converts more of its revenue into profit, with a net margin of 28.8% versus 18.4%.
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 | O |
|---|---|---|
| Share price | $131.70 | $53.35 |
| Market cap | $29.07B | $50.48B |
| 1-day change | -1.64% | -1.66% |
| YTD return | +1.14% | -5.36% |
| 1-year return | -7.82% | -10.53% |
| 5-year return | -28.02% | -20.96% |
| P/E ratio (TTM) | 29.53 | 39.23 |
| Forward P/E | 27.14 | 34.35 |
| EPS (TTM) | $4.46 | $1.36 |
| Dividend yield | 4.92% | 6.06% |
| Annual dividend | $6.48 | $3.24 |
| Revenue (latest FY) | $3.38B | $5.75B |
| Revenue growth (YoY) | +3.70% | +9.07% |
| Net income (latest FY) | $974.00M | $1.06B |
| Gross margin | 72.82% | — |
| Operating margin | 41.83% | — |
| Net margin | 28.84% | 18.41% |
| 52-week high | $158.88 | $67.94 |
| 52-week low | $125.71 | $53.32 |
| Distance from 52-week high | -17.11% | -21.47% |
| Analyst consensus | buy | hold |
| Avg. price target upside | +20.16% | +24.44% |
| Average volume | 1.26M | 6.48M |
| Shares outstanding | 211.27M | 946.22M |
| Employees | 8,393 | 544 |
| 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
- Realty Income trades at a higher earnings multiple (39.2x vs 29.5x trailing P/E).
- Realty Income offers a meaningfully higher dividend yield (6.06% vs 4.92%).
- Extra Space Storage is more profitable, keeping 28.8 cents of every revenue dollar as net income versus 18.4 cents for Realty Income.
- Realty Income grew revenue faster in its latest fiscal year (+9.07% vs +3.70%).
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 Realty Income
O stock →Realty Income Corporation, an S&P 500 company, is real estate partner to the world's leading companies. Founded in 1969, we serve our clients as a full-service real estate capital provider.
Real Estate · Real Estate Investment Trusts · 544 employees
EXR vs O FAQ
Which is bigger, Extra Space Storage or Realty Income?
Realty Income (O) is larger, with a market capitalization of $50.48B compared with $29.07B for Extra Space Storage (EXR).
Which stock has performed better over the past year, EXR or O?
EXR returned -7.82% over the past 12 months, compared with -10.53% for O (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EXR or O?
EXR has the lower trailing P/E at 29.5, versus 39.2 for O. 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 Realty Income?
Realty Income has the higher yield at 6.06%, compared with 4.92% for Extra Space Storage.
Are Extra Space Storage and Realty Income in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.