EXR
Extra Space Storage Inc. Real Estate - REIT - Industrial Investor Relations →
Extra Space Storage Inc. (EXR) closed at $130.26 as of 2026-03-20, trading 6.0% below its 200-week moving average of $138.52. This places EXR in the deep value zone. The stock is currently moving closer to the line, down from 0.8% last week. The 14-week RSI sits at 49, indicating neutral momentum.
Trading volume is running at 1.4x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.90 ratio) is neutral — neither side is clearly dominating.
Over the past 1078 weeks of data, EXR has crossed below its 200-week moving average 17 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 +12.0%.
With a market cap of $28.9 billion, EXR is a large-cap stock. The company generates a free cash flow yield of 4.0%. Return on equity stands at 7.0%. The stock trades at 2.0x book value.
Share count has increased 57.7% over three years, indicating dilution.
Over the past 20.8 years, a hypothetical investment of $100 in EXR would have grown to $1870, compared to $769 for the S&P 500. That represents an annualized return of 15.2% vs 10.3% for the index — confirming EXR as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been growing at a 14.6% compound annual rate, with 4 consecutive years of positive cash generation. A business generating more cash every year while trading below its 200-week moving average is exactly the kind of disconnect value investors look for.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
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 16 historical episodes, buying EXR when it crossed below its 200-week moving average produced an average return of +5.5% after 12 months (median +6.0%), compared to +9.5% for the S&P 500 over the same periods. 54% of those episodes were profitable after one year. After 24 months, the average return was +29.6% vs +21.2% 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 17 times with an average 1-year return of +12.0% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 2007 | Aug 2007 | 2 | 4.6% | +17.5% | +1849.5% |
| Nov 2007 | Jan 2008 | 11 | 7.2% | -16.5% | +1754.9% |
| Feb 2008 | Feb 2008 | 2 | 0.4% | -41.2% | +1756.3% |
| Oct 2008 | Mar 2010 | 73 | 61.6% | -11.5% | +1865.7% |
| Mar 2020 | Mar 2020 | 1 | 6.3% | +63.9% | +105.4% |
| May 2020 | May 2020 | 1 | 4.4% | +82.8% | +100.2% |
| Jul 2023 | Dec 2023 | 19 | 24.9% | +36.2% | +16.1% |
| Feb 2024 | Feb 2024 | 1 | 1.2% | +16.0% | +2.5% |
| Mar 2024 | Mar 2024 | 2 | 2.4% | +8.4% | +3.1% |
| Apr 2024 | May 2024 | 4 | 7.2% | -0.9% | +1.0% |
| May 2024 | May 2024 | 1 | 1.1% | +6.5% | -0.4% |
| Dec 2024 | Jan 2025 | 5 | 2.9% | -7.6% | -5.2% |
| Mar 2025 | Jun 2025 | 16 | 10.9% | +2.0% | -4.9% |
| Jul 2025 | Oct 2025 | 13 | 8.1% | N/A | -8.9% |
| Oct 2025 | Jan 2026 | 11 | 9.9% | N/A | -0.1% |
| Jan 2026 | Feb 2026 | 2 | 2.1% | N/A | -4.5% |
| Mar 2026 | Ongoing | 1+ | 6.0% | Ongoing | N/A |
| Average | 10 | — | +12.0% | — |
Frequently Asked Questions
Is EXR below its 200-week moving average?
Yes. As of 2026-03-20, Extra Space Storage Inc. (EXR) is trading 6.0% below its 200-week moving average of $138.52. The current price is $130.26.
What is EXR's 200-week moving average price?
Extra Space Storage Inc.'s 200-week moving average is $138.52 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when EXR drops below its 200-week moving average?
EXR has crossed below its 200-week moving average 17 times in our data. On average, buying at that moment produced a one-year return of +12.0%. These dips have historically been decent entry points. These episodes lasted 10 weeks on average.
Is EXR a good value right now?
Here's what our data says about EXR as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 49. Free cash flow yield is 4.0%. Return on equity is 7.0%. Price-to-book is 2.0x. This is not a buy or sell recommendation — always do your own research.
How does EXR compare to the S&P 500?
Over the past 20.8 years, $100 invested in EXR would have grown to $1870, compared to $769 for the S&P 500. That's 15.2% annualized vs 10.3% for the index. EXR has outperformed the broader market over this period.
Does EXR pay a dividend?
Yes. Extra Space Storage Inc. currently pays a dividend yield of 497.00%.
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 week of 2026-03-20