Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Extra Space Storage's
Operating Income
for the
three
months ended in Mar. 2026 was MXN6,628 Mil. Extra Space Storage's Interest Expense for the
three
months ended in Mar. 2026 was MXN-2,883 Mil.
Extra Space Storage's interest coverage for the quarter that ended in Mar. 2026 was 2.30.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Extra Space Storage's Interest Coverage or its related term are showing as below:
MEX:EXR'
s Interest Coverage Range Over the Past 10 Years
Min: 2.34 Med: 3.33 Max: 5.03
Current: 2.34
MEX:EXR's Interest Coverage is ranked worse than 62.86% of 700
companies
in the REITs industry
Industry Median: 3.095
vs MEX:EXR: 2.34
Extra Space Storage (MEX:EXR) Interest Coverage Explanation
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Extra Space Storage Interest Coverage Related Terms
Extra Space Storage Interest Coverage Historical Data
* Premium members only.
The historical data trend for Extra Space Storage's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
MEX:EXR vs EGP, LINE, CUBE: Interest Coverage Comparison
For the REIT - Industrial subindustry, Extra Space Storage's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Extra Space Storage's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Extra Space Storage's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (MEX:EXR) has a Interest Coverage of 2.30 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Extra Space Storage and its competitors. This is 31% below median its historical median of 3.33. Over the past decade, Extra Space Storage's Interest Coverage has ranged from 2.34 to 5.03. According to the industry distribution chart, Extra Space Storage ranks #440 out of 700 companies in the REITs industry, placing it in the top 62.9%.
Is Extra Space Storage's Interest Coverage too high?
Extra Space Storage's current Interest Coverage of 2.30 is 31% below median its 10-year median of 3.33. Over the past 10 years, this metric has ranged from a low of 2.34 to a high of 5.03. The REITs industry median Interest Coverage is 3.10. Extra Space Storage's value of 2.30 is 25.7% below this industry median. Based on the distribution chart, Extra Space Storage ranks #440 out of 700 companies in the REITs industry, which is below 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 Interest Coverage compare to EGP and LINE?
According to the REITs industry distribution chart, Extra Space Storage ranks #440 out of 700 companies for Interest Coverage. This places Extra Space Storage in the lower half of its industry. The industry median Interest Coverage is 3.10. Extra Space Storage's value of 2.30 is 25.7% below this benchmark. Historically, Extra Space Storage's own Interest Coverage has ranged from 2.34 to 5.03 over the past decade. While the company's 10-year median is 3.33 vs. the industry median of 3.10, 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 Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.10, based on 700 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Extra Space Storage's current Interest Coverage of 2.30 is 25.7% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Extra Space Storage and its competitors. For the REITs industry, the median Interest Coverage is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Extra Space Storage's current Interest Coverage is 2.30, which is 31% below median its own 10-year median of 3.33. 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 Interest Coverage of 2.30. The stock's GF Value™ is MXN2,635.14, compared to a current price of MXN2,607.33 — trading 1.1% below its estimated fair value. The current Interest Coverage is 2.30, which is 31% below median its 10-year median of 3.33 and 25.7% below the REITs industry median of 3.10. 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 Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Extra Space Storage (MEX:EXR), the current Interest Coverage is 2.30 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 undervalued.
The current stock price of MXN2,607.33 is trading 1.1% below its estimated GF Value™ of MXN2,635.14.
Key valuation signals for MEX:EXR:
Interest Coverage: 2.30 (31% below median its 10-year median of 3.33)
GF Value™: MXN2,635.14 vs. price of MXN2,607.33 (1.1% below fair value)
Industry Position: 25.7% below the REITs median (#440 of 700)
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
Interest Coverage is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
MEX:EXR has been successfully added to your 
