Extra Space Storage (EXR) vs Public Storage (PSA)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Public Storage (PSA) has outperformed Extra Space Storage (EXR) over the past year, losing 3.2% versus a loss of 7.4%. Over five years, PSA leads with a -11.0% price change compared with -27.7% for EXR. Public Storage is the larger company by market cap ($52.69 billion vs $29.07 billion), about 1.8 times the size, while Extra Space Storage is growing revenue faster (+3.7% vs +2.7%).
On valuation, Extra Space Storage trades at a lower forward P/E (27.1x vs 28.6x for Public Storage). Extra Space Storage offers the higher dividend yield (4.92% vs 4.26%). Public Storage converts more of its revenue into profit, with a net margin of 37.0% 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 | PSA |
|---|---|---|
| Share price | $131.70 | $281.99 |
| Market cap | $29.07B | $52.69B |
| 1-day change | -1.64% | -1.35% |
| YTD return | +1.61% | +9.50% |
| 1-year return | -7.39% | -3.20% |
| 5-year return | -27.68% | -11.05% |
| P/E ratio (TTM) | 29.07 | 26.93 |
| Forward P/E | 27.14 | 28.62 |
| EPS (TTM) | $4.53 | $10.47 |
| Dividend yield | 4.92% | 4.26% |
| Annual dividend | $6.48 | $12.00 |
| Revenue (latest FY) | $3.38B | $4.82B |
| Revenue growth (YoY) | +3.70% | +2.74% |
| Net income (latest FY) | $974.00M | $1.78B |
| Gross margin | 72.82% | — |
| Operating margin | 41.83% | — |
| Net margin | 28.84% | 36.99% |
| 52-week high | $158.88 | $335.55 |
| 52-week low | $125.71 | $256.54 |
| Distance from 52-week high | -17.11% | -15.96% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +20.16% | +18.82% |
| Average volume | 1.25M | 978.28K |
| Shares outstanding | 211.27M | 186.85M |
| Employees | 8,393 | 5,770 |
| Sector | Real Estate | Real Estate |
| Industry | REIT - Industrial | REIT - Industrial |
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
- Public Storage is more profitable, keeping 37.0 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 · REIT - Industrial · 8,393 employees
About Public Storage
PSA stock →Public Storage, a member of the S&P 500, is a REIT that primarily acquires, develops, owns, and operates self-storage facilities. At June 30, 2026, The firm: (i) owned and/or operated 3,584 self-storage facilities located in 40 states with approximately 259 million net rentable square feet in the United States and (ii) owned a 35% common equity interest in Shurgard Self Storage Limited (Euronext Brussels: SHUR), which owned 335 self-storage facilities located in seven Western European countries with approximately 19 million net rentable square feet operated under the Shurgard brand.
Real Estate · REIT - Industrial · 5,770 employees
EXR vs PSA FAQ
Which is bigger, Extra Space Storage or Public Storage?
Public Storage (PSA) is larger, with a market capitalization of $52.69B compared with $29.07B for Extra Space Storage (EXR).
Which stock has performed better over the past year, EXR or PSA?
PSA returned -3.20% over the past 12 months, compared with -7.39% for EXR (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EXR or PSA?
PSA has the lower trailing P/E at 26.9, 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 Public Storage?
Extra Space Storage has the higher yield at 4.92%, compared with 4.26% for Public Storage.
Are Extra Space Storage and Public Storage in the same industry?
Yes. Both are classified in the REIT - Industrial industry within the Real Estate sector.