EXR
Extra Space Storage Inc. Real Estate - REIT - Industrial Investor Relations →
Extra Space Storage Inc. (EXR) closed at $140.01 as of 2026-02-02, trading 0.5% below its 200-week moving average of $140.68. This places EXR in the below line zone. The stock moved further from the line this week, up from -2.1% last week. The 14-week RSI sits at 58, indicating neutral momentum.
Over the past 1072 weeks of data, EXR has crossed below its 200-week moving average 16 times. On average, these episodes lasted 10 weeks. Historically, investors who bought EXR at the start of these episodes saw an average one-year return of +12.8%.
With a market cap of $31.0 billion, EXR is a large-cap stock. The company generates a free cash flow yield of 2.8%. Return on equity stands at 6.8%. The stock trades at 2.2x book value.
Share count has increased 58.3% over three years, indicating dilution.
Over the past 20.7 years, a hypothetical investment of $100 in EXR would have grown to $1987, compared to $816 for the S&P 500. That represents an annualized return of 15.6% vs 10.7% for the index — confirming EXR as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 25.3% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Growth of $100: EXR vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After EXR Crosses Below the Line?
Across 15 historical episodes, buying EXR when it crossed below its 200-week moving average produced an average return of +6.0% after 12 months (median +9.0%), compared to +8.8% for the S&P 500 over the same periods. 58% of those episodes were profitable after one year. After 24 months, the average return was +32.5% vs +20.6% for the index.
Each line shows $100 invested at the moment EXR crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
EXR has crossed below its 200-week MA 16 times with an average 1-year return of +12.8% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 2007 | Aug 2007 | 2 | 4.6% | +17.5% | +1971.4% |
| Nov 2007 | Jan 2008 | 11 | 7.2% | -16.5% | +1870.9% |
| Feb 2008 | Feb 2008 | 2 | 0.4% | -41.2% | +1872.4% |
| Oct 2008 | Mar 2010 | 73 | 61.6% | -11.5% | +1988.6% |
| Mar 2020 | Mar 2020 | 1 | 6.3% | +63.9% | +118.2% |
| May 2020 | May 2020 | 1 | 4.4% | +82.8% | +112.7% |
| Jul 2023 | Dec 2023 | 19 | 24.9% | +36.2% | +23.4% |
| Feb 2024 | Feb 2024 | 1 | 1.2% | +16.0% | +9.0% |
| Mar 2024 | Mar 2024 | 2 | 2.4% | +8.4% | +9.5% |
| Apr 2024 | May 2024 | 4 | 7.2% | -0.9% | +7.3% |
| May 2024 | May 2024 | 1 | 1.1% | +6.5% | +5.9% |
| Dec 2024 | Jan 2025 | 5 | 2.9% | -7.6% | +0.7% |
| Mar 2025 | Jun 2025 | 16 | 10.9% | N/A | +1.0% |
| Jul 2025 | Oct 2025 | 13 | 8.1% | N/A | -3.3% |
| Oct 2025 | Jan 2026 | 11 | 9.9% | N/A | +6.1% |
| Jan 2026 | Ongoing | 2+ | 2.1% | Ongoing | +1.5% |
| Average | 10 | — | +12.8% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02