Extra Space Storage (FRA:FG8) Shares Outstanding (Basic Average): 211 Mil (As of Mar. 2026)


FRA:FG8 Extra Space Storage Inc FRA:FG8
92 GF Score
Price €128.90
GF Value €127.23
Valuation Fairly Valued
! 9 Warning Signs
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What is Extra Space Storage Shares Outstanding (Basic Average)?

Extra Space Storage FRA:FG8 +0.47% 92 Shares Outstanding (Basic Average) is 211 Mil as of Mar. 2026. GuruFocus rates FRA:FG8 with a GF Score™ of 92/100 and a GF Value™ of €127.23 (Fairly Valued). The stock has 9 warning signs investors should review.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Extra Space Storage's average basic shares outstanding for the quarter that ended in Mar. 2026 was 211 Mil.


Extra Space Storage  (FRA:FG8) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Extra Space Storage Shares Outstanding (Basic Average) Related Terms


Extra Space Storage Shares Outstanding (Basic Average) Historical Data

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The historical data trend for Extra Space Storage's Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) Chart

Extra Space Storage Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 133.38 134.05 169.22 211.58 211.85

Extra Space Storage Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shares Outstanding (Basic Average) Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 211.85 211.94 211.96 211.65 210.90
FRA:FG8
92GF Score
Extra Space Storage Inc FRA:FG8
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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Extra Space Storage Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 211 Mil mean?
Extra Space Storage (FRA:FG8) has a Shares Outstanding (Basic Average) of 211 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Extra Space Storage and its competitors.
Is Extra Space Storage's Shares Outstanding (Basic Average) too high?
Extra Space Storage's current Shares Outstanding (Basic Average) is 211 Mil. 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 Shares Outstanding (Basic Average) compare to EGP and LINE?
Extra Space Storage's Shares Outstanding (Basic Average) of 211 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Shares Outstanding (Basic Average) for a REITs company?
A good Shares Outstanding (Basic Average) depends on the REITs industry context. However, Shares Outstanding (Basic Average) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on Extra Space Storage and its competitors. Extra Space Storage's current Shares Outstanding (Basic Average) is 211 Mil. 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 (FRA:FG8) is currently considered Fairly Valued. The stock's GF Value™ is €127.23, compared to a current price of €128.90 — trading 1.3% above its estimated fair value. The current Shares Outstanding (Basic Average) is 211 Mil. 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 Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For Extra Space Storage (FRA:FG8), the current Shares Outstanding (Basic Average) is 211 Mil 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 (FRA:FG8) Overvalued in 2026?

Based on GuruFocus' analysis, Extra Space Storage stock appears to be overvalued. The current stock price of €128.90 is trading 1.3% above its estimated GF Value™ of €127.23. GuruFocus considers Extra Space Storage to be Fairly Valued.

Key valuation signals for FRA:FG8:

  • Shares Outstanding (Basic Average): 211 Mil
  • GF Value™: €127.23 vs. price of €128.90 (1.3% above fair value)
  • GF Score™: 92/100 with 9 warning signs

No single metric tells the full story. See the FRA:FG8 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Extra Space Storage Business Description

Industry Real EstateREITs
Address 2795 East Cottonwood Parkway, Suite 300, Salt Lake City, UT, USA, 84121
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 FRA:FG8

Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€128.90
Price
€127.23
GF Value