Extra Space StorageMEX:EXR 92 Return-on-Tangible-Equity is 7.39% as of Mar. 2026, which is 59% below its 10-year median of 18.18. GuruFocus rates MEX:EXR with a GF Score™ of 92/100 and a GF Value™ of MXN2,629.28. The stock has 9 warning signs investors should review. Among 933 REITs companies, Extra Space Storage ranks better than 57.13% on this metric.
Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Extra Space Storage's annualized net income for the quarter that ended in Mar. 2026 was MXN17,382 Mil. Extra Space Storage's average shareholder tangible equity for the quarter that ended in Mar. 2026 was MXN235,320 Mil. Therefore, Extra Space Storage's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2026 was 7.39%.
The historical rank and industry rank for Extra Space Storage's Return-on-Tangible-Equity or its related term are showing as below:
MEX:EXR'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 6.14 Med: 18.18 Max: 30.04
Current: 7.13
During the past 13 years, Extra Space Storage's highest Return-on-Tangible-Equity was 30.04%. The lowest was 6.14%. And the median was 18.18%.
MEX:EXR's Return-on-Tangible-Equity is ranked better than 57.13% of 933
companies
in the REITs industry
Industry Median: 6.26
vs MEX:EXR: 7.13
Extra Space Storage (MEX:EXR) Return-on-Tangible-Equity Explanation
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
Extra Space Storage Return-on-Tangible-Equity Related Terms
Extra Space Storage Return-on-Tangible-Equity Historical Data
* Premium members only.
The historical data trend for Extra Space Storage's Return-on-Tangible-Equity 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.
Extra Space Storage Return-on-Tangible-Equity Chart
MEX:EXR vs EGP, LINE, CUBE: Return-on-Tangible-Equity Comparison
For the REIT - Industrial subindustry, Extra Space Storage's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity vs REITs Industry
For the REITs industry and Real Estate sector, Extra Space Storage's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where Extra Space Storage's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2026) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
What does a Return-on-Tangible-Equity of 7.39% mean?
Extra Space Storage (MEX:EXR) has a Return-on-Tangible-Equity of 7.39% as of Mar. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Extra Space Storage and its competitors. This is 59% below median its historical median of 18.18. Over the past decade, Extra Space Storage's Return-on-Tangible-Equity has ranged from 6.14 to 30.04. According to the industry distribution chart, Extra Space Storage ranks #400 out of 933 companies in the REITs industry, placing it in the top 42.9%.
Is Extra Space Storage's Return-on-Tangible-Equity too high?
Extra Space Storage's current Return-on-Tangible-Equity of 7.39% is 59% below median its 10-year median of 18.18. Over the past 10 years, this metric has ranged from a low of 6.14 to a high of 30.04. The REITs industry median Return-on-Tangible-Equity is 6.26. Extra Space Storage's value of 7.39% is 18.1% above this industry median. Based on the distribution chart, Extra Space Storage ranks #400 out of 933 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 Return-on-Tangible-Equity compare to EGP and LINE?
According to the REITs industry distribution chart, Extra Space Storage ranks #400 out of 933 companies for Return-on-Tangible-Equity. This puts Extra Space Storage in the upper half of its industry. The industry median Return-on-Tangible-Equity is 6.26. Extra Space Storage's value of 7.39% is 18.1% above this benchmark. Historically, Extra Space Storage's own Return-on-Tangible-Equity has ranged from 6.14 to 30.04 over the past decade. While the company's 10-year median is 18.18 vs. the industry median of 6.26, 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 Return-on-Tangible-Equity for a REITs company?
The median Return-on-Tangible-Equity among REITs companies is 6.26, based on 933 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Extra Space Storage's current Return-on-Tangible-Equity of 7.39% is 18.1% 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 Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Extra Space Storage and its competitors. For the REITs industry, the median Return-on-Tangible-Equity is 6.26 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Extra Space Storage's current Return-on-Tangible-Equity is 7.39%, which is 59% below median its own 10-year median of 18.18. 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 Return-on-Tangible-Equity of 7.39%. The stock's GF Value™ is MXN2,629.28, compared to a current price of MXN2,607.33 — trading 0.8% below its estimated fair value. The current Return-on-Tangible-Equity is 7.39%, which is 59% below median its 10-year median of 18.18 and 18.1% above the REITs industry median of 6.26. 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 Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Extra Space Storage (MEX:EXR), the current Return-on-Tangible-Equity is 7.39% 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 0.8% below its estimated GF Value™ of MXN2,629.28.
Key valuation signals for MEX:EXR:
Return-on-Tangible-Equity: 7.39% (59% below median its 10-year median of 18.18)
GF Value™: MXN2,629.28 vs. price of MXN2,607.33 (0.8% below fair value)
Industry Position: 18.1% above the REITs median (#400 of 933)
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
Return-on-Tangible-Equity 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 
