Extra Space Storage (EXR) vs SBA Communications (SBAC)
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 SBA Communications (SBAC) over the past year, losing 7.8% versus a loss of 9.6%. Over five years, EXR leads with a -28.0% price change compared with -47.9% for SBAC. Extra Space Storage is the larger company by market cap ($29.06 billion vs $17.94 billion), about 1.6 times the size, while SBA Communications is growing revenue faster (+5.1% vs +3.7%).
On valuation, SBA Communications trades at a lower forward P/E (20.7x vs 27.1x for Extra Space Storage). Extra Space Storage offers the higher dividend yield (4.92% vs 2.79%). SBA Communications converts more of its revenue into profit, with a net margin of 37.4% 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 | SBAC |
|---|---|---|
| Share price | $131.66 | $169.15 |
| Market cap | $29.06B | $17.94B |
| 1-day change | -0.03% | -0.72% |
| YTD return | +1.14% | -11.92% |
| 1-year return | -7.82% | -9.63% |
| 5-year return | -28.02% | -47.88% |
| P/E ratio (TTM) | 29.06 | 18.25 |
| Forward P/E | 27.14 | 20.68 |
| EPS (TTM) | $4.53 | $9.27 |
| Dividend yield | 4.92% | 2.79% |
| Annual dividend | $6.48 | $4.72 |
| Revenue (latest FY) | $3.38B | $2.82B |
| Revenue growth (YoY) | +3.70% | +5.06% |
| Net income (latest FY) | $974.00M | $1.05B |
| Gross margin | 72.82% | 75.46% |
| Operating margin | 41.83% | 47.70% |
| Net margin | 28.84% | 37.43% |
| 52-week high | $158.88 | $224.46 |
| 52-week low | $125.71 | $156.60 |
| Distance from 52-week high | -17.13% | -24.64% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +20.20% | +33.73% |
| Average volume | 1.26M | 963.51K |
| Shares outstanding | 211.27M | 106.09M |
| Employees | 8,393 | 1,844 |
| 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 trades at a higher earnings multiple (29.1x vs 18.2x trailing P/E).
- Extra Space Storage offers a meaningfully higher dividend yield (4.92% vs 2.79%).
- SBA Communications is more profitable, keeping 37.4 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 SBA Communications
SBAC stock →SBA Communications Corporation is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops and other structures that support antennas used for wireless communications. In our site leasing business, we lease space to wireless service providers and other customers on assets we own or operate, and manage rooftop and tower sites for property owners under various contractual arrangements.
Real Estate · Real Estate Investment Trusts · 1,844 employees
EXR vs SBAC FAQ
Which is bigger, Extra Space Storage or SBA Communications?
Extra Space Storage (EXR) is larger, with a market capitalization of $29.06B compared with $17.94B for SBA Communications (SBAC).
Which stock has performed better over the past year, EXR or SBAC?
EXR returned -7.82% over the past 12 months, compared with -9.63% for SBAC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EXR or SBAC?
SBAC has the lower trailing P/E at 18.2, 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 SBA Communications?
Extra Space Storage has the higher yield at 4.92%, compared with 2.79% for SBA Communications.
Are Extra Space Storage and SBA Communications in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.