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Extra Space StorageEXR +1.28%92 3-Year Dividend Growth Rate is 2.60% as of Jun. 2026, which is 82% below its 10-year median of 14.50. GuruFocus rates EXR with a GF Score™ of 92/100 and a GF Value™ of $144.74 (Fairly Valued). The stock has 7 warning signs investors should review. Among 620 REITs companies, Extra Space Storage ranks worse than 50.48% on this metric.
The historical rank and industry rank for Extra Space Storage's 3-Year Dividend Growth Rate or its related term are showing as below:
EXR'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -25.3 Med: 14.5 Max: 53.6
Current: 2.6
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Extra Space Storage was 53.60% per year. The lowest was -25.30% per year. And the median was 14.50% per year.
EXR's 3-Year Dividend Growth Rate is ranked worse than 50.48% of 620
companies
in the REITs industry
Industry Median: 2.75
vs EXR: 2.60
During the past 3 years, the average Dividends Per Share Growth Rate was 2.60% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 12.50% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 11.60% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Extra Space Storage Inc is 1.36, which seems too high.
Good Sign:
Extra Space Storage Inc stock Dividend Yield % is close to 2-year high.
For more information regarding to dividend, please check our Dividend Page.
During the past 13 years, the highest Dividend Payout Ratio of Extra Space Storage was 1.50. The lowest was 0.87. And the median was 1.10.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Extra Space Storage Inc is 1.36, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Extra Space Storage Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 1.620000
2026-09-15
2026-09-15
2026-09-30
Cash Dividend
quarterly
USD:USD 1.000000
USD 1.620000
2026-06-15
2026-06-15
2026-06-30
Cash Dividend
quarterly
USD:USD 1.000000
USD 1.620000
2026-03-16
2026-03-16
2026-03-31
Cash Dividend
quarterly
USD:USD 1.000000
USD 1.620000
2025-12-15
2025-12-15
2025-12-31
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Extra Space Storage's Dividend Yield (%) for Today is calculated as
Current Share Price is $139.40.
Extra Space Storage's Dividends per Share for the trailing twelve months (TTM) ended in Today is $6.48.
During the past 13 years, the highest Dividend Yield of Extra Space Storage was 6.09%. The lowest was 1.90%. And the median was 3.70%.
Good Sign:
Extra Space Storage Inc stock Dividend Yield % is close to 2-year high.
* 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.
Extra Space Storage 3-Year Dividend Growth Rate Related Terms>
EXR vs EGP, CUBE, LINE: 3-Year Dividend Growth Rate Comparison
For the REIT - Industrial subindustry, Extra Space Storage's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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 3-Year Dividend Growth Rate vs REITs Industry
For the REITs industry and Real Estate sector, Extra Space Storage's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Extra Space Storage's 3-Year Dividend Growth Rate falls into.
Extra Space Storage 3-Year Dividend Growth Rate Calculation
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Dividend Growth Rate of 2.60% mean?
Extra Space Storage (EXR) has a 3-Year Dividend Growth Rate of 2.60% as of Jun. 2026. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Extra Space Storage and its competitors. This is 82% below median its historical median of 14.50. According to the industry distribution chart, Extra Space Storage ranks #313 out of 620 companies in the REITs industry, placing it in the top 50.5%.
Is Extra Space Storage's 3-Year Dividend Growth Rate too high?
Extra Space Storage's current 3-Year Dividend Growth Rate of 2.60% is 82% below median its 10-year median of 14.50. The REITs industry median 3-Year Dividend Growth Rate is 2.75. Extra Space Storage's value of 2.60% is 5.5% below this industry median. Based on the distribution chart, Extra Space Storage ranks #313 out of 620 companies in the REITs industry, which is below the industry midpoint. Overall, Extra Space Storage has a GF Score™ of 92/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Extra Space Storage's 3-Year Dividend Growth Rate compare to EGP and CUBE?
According to the REITs industry distribution chart, Extra Space Storage ranks #313 out of 620 companies for 3-Year Dividend Growth Rate. This places Extra Space Storage in the lower half of its industry. The industry median 3-Year Dividend Growth Rate is 2.75. Extra Space Storage's value of 2.60% is 5.5% below this benchmark. While the company's 10-year median is 14.50 vs. the industry median of 2.75, 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 3-Year Dividend Growth Rate for a REITs company?
The median 3-Year Dividend Growth Rate among REITs companies is 2.75, based on 620 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year Dividend Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year Dividend Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Extra Space Storage's current 3-Year Dividend Growth Rate of 2.60% is 5.5% 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 3-Year Dividend Growth Rate mean?
A high 3-Year Dividend Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Extra Space Storage and its competitors. For the REITs industry, the median 3-Year Dividend Growth Rate is 2.75 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Extra Space Storage's current 3-Year Dividend Growth Rate is 2.60%, which is 82% below median its own 10-year median of 14.50. 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?
Based on GuruFocus' analysis, Extra Space Storage (EXR) is currently considered Fairly Valued. The stock's GF Value™ is $144.74, compared to a current price of $139.40 — trading 3.7% below its estimated fair value. The current 3-Year Dividend Growth Rate is 2.60%, which is 82% below median its 10-year median of 14.50 and 5.5% below the REITs industry median of 2.75. Extra Space Storage's overall GF Score™ is 92/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Dividend Growth Rate calculated?
3-Year Dividend Growth Rate is calculated from a company's financial statements. For Extra Space Storage (EXR), the current 3-Year Dividend Growth Rate is 2.60% as of Jun. 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 (EXR) Overvalued in 2026?
Based on GuruFocus' analysis, Extra Space Storage stock appears to be undervalued.
The current stock price of $139.40 is trading 3.7% below its estimated GF Value™ of $144.74.
GuruFocus considers Extra Space Storage to be Fairly Valued.
Key valuation signals for EXR:
3-Year Dividend Growth Rate: 2.60% (82% below median its 10-year median of 14.50)
GF Value™: $144.74 vs. price of $139.40 (3.7% below fair value)
Industry Position: 5.5% below the REITs median (#313 of 620)
No single metric tells the full story. See the 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
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3-Year Dividend Growth Rate is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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