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A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
The historical rank and industry rank for Extra Space Storage's Debt-to-EBITDA or its related term are showing as below:
MEX:EXR'
s Debt-to-EBITDA Range Over the Past 10 Years
Min: 4.74 Med: 5.73 Max: 6.48
Current: 5.82
During the past 13 years, the highest Debt-to-EBITDA Ratio of Extra Space Storage was 6.48. The lowest was 4.74. And the median was 5.73.
MEX:EXR's Debt-to-EBITDA is ranked better than 56.4% of 578
companies
in the REITs industry
Industry Median: 6.49
vs MEX:EXR: 5.82
Extra Space Storage (MEX:EXR) Debt-to-EBITDA Explanation
A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.
According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.
Extra Space Storage Debt-to-EBITDA Related Terms
Extra Space Storage Debt-to-EBITDA Historical Data
* Premium members only.
The historical data trend for Extra Space Storage's Debt-to-EBITDA can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MEX:EXR vs EGP, LINE, CUBE: Debt-to-EBITDA Comparison
For the REIT - Industrial subindustry, Extra Space Storage's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Extra Space Storage Debt-to-EBITDA vs REITs Industry
For the REITs industry and Real Estate sector, Extra Space Storage's Debt-to-EBITDA distribution charts can be found below:
* The bar in red indicates where Extra Space Storage's Debt-to-EBITDA falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data,
the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.
Extra Space Storage (MEX:EXR) has a Debt-to-EBITDA of 5.72 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Extra Space Storage. This is near median its historical median of 5.73. Over the past decade, Extra Space Storage's Debt-to-EBITDA has ranged from 4.74 to 6.48. According to the industry distribution chart, Extra Space Storage ranks #252 out of 578 companies in the REITs industry, placing it in the top 43.6%.
Is Extra Space Storage's Debt-to-EBITDA too high?
Extra Space Storage's current Debt-to-EBITDA of 5.72 is near median its 10-year median of 5.73. Over the past 10 years, this metric has ranged from a low of 4.74 to a high of 6.48. The REITs industry median Debt-to-EBITDA is 6.49. Extra Space Storage's value of 5.72 is 11.9% below this industry median. Based on the distribution chart, Extra Space Storage ranks #252 out of 578 companies in the REITs industry, which is above the industry midpoint. Overall, Extra Space Storage has a GF Score™ of 92/100, reflecting its overall financial health beyond just this single metric.
How does Extra Space Storage's Debt-to-EBITDA compare to EGP and LINE?
According to the REITs industry distribution chart, Extra Space Storage ranks #252 out of 578 companies for Debt-to-EBITDA. This puts Extra Space Storage in the upper half of its industry. The industry median Debt-to-EBITDA is 6.49. Extra Space Storage's value of 5.72 is 11.9% below this benchmark. Historically, Extra Space Storage's own Debt-to-EBITDA has ranged from 4.74 to 6.48 over the past decade. While the company's 10-year median is 5.73 vs. the industry median of 6.49, Extra Space Storage has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a REITs company?
The median Debt-to-EBITDA among REITs companies is 6.49, based on 578 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Extra Space Storage's current Debt-to-EBITDA of 5.72 is 11.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Extra Space Storage. For the REITs industry, the median Debt-to-EBITDA is 6.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Extra Space Storage's current Debt-to-EBITDA is 5.72, which is near median its own 10-year median of 5.73. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Extra Space Storage stock overvalued right now?
Extra Space Storage (MEX:EXR) has a current Debt-to-EBITDA of 5.72. The stock's GF Value™ is MXN2,566.54, compared to a current price of MXN2,608.00 — trading 1.6% above its estimated fair value. The current Debt-to-EBITDA is 5.72, which is near median its 10-year median of 5.73 and 11.9% below the REITs industry median of 6.49. Extra Space Storage's overall GF Score™ is 92/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Extra Space Storage (MEX:EXR), the current Debt-to-EBITDA is 5.72 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Extra Space Storage (MEX:EXR) Overvalued in 2026?
Based on GuruFocus' analysis, Extra Space Storage stock appears to be overvalued.
The current stock price of MXN2,608.00 is trading 1.6% above its estimated GF Value™ of MXN2,566.54.
Key valuation signals for MEX:EXR:
Debt-to-EBITDA: 5.72 (near median its 10-year median of 5.73)
GF Value™: MXN2,566.54 vs. price of MXN2,608.00 (1.6% above fair value)
Industry Position: 11.9% below the REITs median (#252 of 578)
No single metric tells the full story. See the MEX:EXR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Extra Space Storage is a fully integrated real estate investment trust that owns, operates, and manages more than 4,200 self-storage properties in 43 states, with over 330 million net rentable square feet of storage space. Of these properties, approximately one half is wholly owned, while some facilities are owned through joint ventures and others are owned by third parties and managed by Extra Space Storage in exchange for a management fee.
92GF Score
Get the complete analysis for MEX:EXR
Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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