Extra Space Storage has a quick ratio of 1.13. It generally indicates good short-term financial strength.
The historical rank and industry rank for Extra Space Storage's Quick Ratio or its related term are showing as below:
MEX:EXR'
s Quick Ratio Range Over the Past 10 Years
Min: 0.1 Med: 0.42 Max: 2.21
Current: 1.13
During the past 13 years, Extra Space Storage's highest Quick Ratio was 2.21. The lowest was 0.10. And the median was 0.42.
MEX:EXR's Quick Ratio is ranked better than 58.95% of 760
companies
in the REITs industry
Industry Median: 0.87
vs MEX:EXR: 1.13
Extra Space Storage (MEX:EXR) Quick Ratio Explanation
The quick ratio is more conservative than the Current Ratio because it excludes inventories from current assets. The ratio derives its name presumably from the fact that assets such as cash and marketable securities are quick sources of cash. Inventories generally take time to be converted into cash, and if they have to be sold quickly, the company may have to accept a lower price than book value of these inventories. As a result, they are justifiably excluded from assets that are ready sources of immediate cash.
In general, low or decreasing quick ratios generally suggest that a company is over-leveraged, struggling to maintain or grow sales, paying bills too quickly or collecting receivables too slowly. On the other hand, a high or increasing quick ratio generally indicates that a company is experiencing solid top-line growth, quickly converting receivables into cash, and easily able to cover its financial obligations. Such companies often have faster inventory turnover and cash conversion cycles.
The higher the quick ratio, the better the company's liquidity position.
Extra Space Storage Quick Ratio Related Terms
Extra Space Storage Quick Ratio Historical Data
* Premium members only.
The historical data trend for Extra Space Storage's Quick Ratio 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: Quick Ratio Comparison
For the REIT - Industrial subindustry, Extra Space Storage's Quick Ratio, along with its competitors' market caps and Quick Ratio 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 Quick Ratio vs REITs Industry
For the REITs industry and Real Estate sector, Extra Space Storage's Quick Ratio distribution charts can be found below:
* The bar in red indicates where Extra Space Storage's Quick Ratio falls into.
The quick ratio measures a company's ability to meet its short-term obligations with its most liquid assets. For this reason, the ratio excludes inventories from current assets.
Extra Space Storage's Quick Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* 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 Quick Ratio of 1.13 as of Mar. 2026. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Extra Space Storage and its competitors. This is 169% above median its historical median of 0.42. Over the past decade, Extra Space Storage's Quick Ratio has ranged from 0.10 to 2.21. According to the industry distribution chart, Extra Space Storage ranks #312 out of 760 companies in the REITs industry, placing it in the top 41.1%.
Is Extra Space Storage's Quick Ratio too high?
Extra Space Storage's current Quick Ratio of 1.13 is 169% above median its 10-year median of 0.42. Over the past 10 years, this metric has ranged from a low of 0.10 to a high of 2.21. The REITs industry median Quick Ratio is 0.87. Extra Space Storage's value of 1.13 is 29.9% above this industry median. Based on the distribution chart, Extra Space Storage ranks #312 out of 760 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 Quick Ratio compare to EGP and LINE?
According to the REITs industry distribution chart, Extra Space Storage ranks #312 out of 760 companies for Quick Ratio. This puts Extra Space Storage in the upper half of its industry. The industry median Quick Ratio is 0.87. Extra Space Storage's value of 1.13 is 29.9% above this benchmark. Historically, Extra Space Storage's own Quick Ratio has ranged from 0.10 to 2.21 over the past decade. While the company's 10-year median is 0.42 vs. the industry median of 0.87, Extra Space Storage has consistently been above 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 Quick Ratio for a REITs company?
The median Quick Ratio among REITs companies is 0.87, based on 760 companies in the industry. Companies in the top quartile (top 25%) have a Quick Ratio significantly above this median, while those in the bottom quartile fall well below. However, Quick Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Extra Space Storage's current Quick Ratio of 1.13 is 29.9% above 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 Quick Ratio mean?
A high Quick Ratio can signal that a stock is expensive relative to its fundamentals. Quick ratio is the ratio of current assets less inventory to current liabilities. View historical data on Extra Space Storage and its competitors. For the REITs industry, the median Quick Ratio is 0.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Extra Space Storage's current Quick Ratio is 1.13, which is 169% above median its own 10-year median of 0.42. 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 Quick Ratio of 1.13. 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 Quick Ratio is 1.13, which is 169% above median its 10-year median of 0.42 and 29.9% above the REITs industry median of 0.87. 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 Quick Ratio calculated?
Quick Ratio is calculated from a company's financial statements. For Extra Space Storage (MEX:EXR), the current Quick Ratio is 1.13 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:
Quick Ratio: 1.13 (169% above median its 10-year median of 0.42)
GF Value™: MXN2,635.14 vs. price of MXN2,607.33 (1.1% below fair value)
Industry Position: 29.9% above the REITs median (#312 of 760)
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
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