3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Extra Space Storage's 3-Year ROIIC % for the quarter that ended in Dec. 2025 was 2.54%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Extra Space Storage's 3-Year ROIIC % or its related term are showing as below:
MEX:EXR's 3-Year ROIIC % is ranked worse than 56.55% of 695
companies
in the REITs industry
Industry Median: 3.49
vs MEX:EXR: 2.54
Extra Space Storage (MEX:EXR) 3-Year ROIIC % Explanation
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Extra Space Storage 3-Year ROIIC % Related Terms
Extra Space Storage 3-Year ROIIC % Historical Data
* Premium members only.
The historical data trend for Extra Space Storage's 3-Year ROIIC % 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: 3-Year ROIIC % Comparison
For the REIT - Industrial subindustry, Extra Space Storage's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 ROIIC % vs REITs Industry
For the REITs industry and Real Estate sector, Extra Space Storage's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Extra Space Storage's 3-Year ROIIC % 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Extra Space Storage (MEX:EXR) has a 3-Year ROIIC % of 2.54 as of Dec. 2025. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Extra Space Storage and its competitors. This is 66% below median its historical median of 7.47. Over the past decade, Extra Space Storage's 3-Year ROIIC % has ranged from 2.54 to 14.57. According to the industry distribution chart, Extra Space Storage ranks #393 out of 695 companies in the REITs industry, placing it in the top 56.5%.
Is Extra Space Storage's 3-Year ROIIC % too high?
Extra Space Storage's current 3-Year ROIIC % of 2.54 is 66% below median its 10-year median of 7.47. Over the past 10 years, this metric has ranged from a low of 2.54 to a high of 14.57. The REITs industry median 3-Year ROIIC % is 3.49. Extra Space Storage's value of 2.54 is 27.2% below this industry median. Based on the distribution chart, Extra Space Storage ranks #393 out of 695 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 3-Year ROIIC % compare to EGP and LINE?
According to the REITs industry distribution chart, Extra Space Storage ranks #393 out of 695 companies for 3-Year ROIIC %. This places Extra Space Storage in the lower half of its industry. The industry median 3-Year ROIIC % is 3.49. Extra Space Storage's value of 2.54 is 27.2% below this benchmark. Historically, Extra Space Storage's own 3-Year ROIIC % has ranged from 2.54 to 14.57 over the past decade. While the company's 10-year median is 7.47 vs. the industry median of 3.49, 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 3-Year ROIIC % for a REITs company?
The median 3-Year ROIIC % among REITs companies is 3.49, based on 695 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Extra Space Storage's current 3-Year ROIIC % of 2.54 is 27.2% 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 ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Extra Space Storage and its competitors. For the REITs industry, the median 3-Year ROIIC % is 3.49 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Extra Space Storage's current 3-Year ROIIC % is 2.54, which is 66% below median its own 10-year median of 7.47. 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 3-Year ROIIC % of 2.54. The stock's GF Value™ is MXN2,591.09, compared to a current price of MXN2,607.33 — trading 0.6% above its estimated fair value. The current 3-Year ROIIC % is 2.54, which is 66% below median its 10-year median of 7.47 and 27.2% below the REITs industry median of 3.49. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Extra Space Storage (MEX:EXR), the current 3-Year ROIIC % is 2.54 as of Dec. 2025. 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 MXN2,607.33 is trading 0.6% above its estimated GF Value™ of MXN2,591.09.
Key valuation signals for MEX:EXR:
3-Year ROIIC %: 2.54 (66% below median its 10-year median of 7.47)
GF Value™: MXN2,591.09 vs. price of MXN2,607.33 (0.6% above fair value)
Industry Position: 27.2% below the REITs median (#393 of 695)
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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