EXR vs PSA

Extra Space Storage (EXR) and Public Storage (PSA) compared side by side. Public Storage (PSA) is larger, with a market cap of $57.9B versus $31.7B for Extra Space Storage, about 1.8 times the size. On trailing earnings, PSA is cheaper at 29.6x versus 31.7x for EXR.

Head to head

MetricEXRPSA
Market cap$31.7B$57.9B
P/E (TTM)31.7x29.6x
Forward P/E29.8x31.2x
Revenue (TTM)$3.5B$4.9B
Revenue growth3.8%3.3%
Gross margin74.9%74.4%
Operating margin45.9%45.7%
Free cash flow$1.8B$2.9B
Dividend yield4.52%3.87%
1-year return-0.4%+5.4%
5-year return (annual)-1.1%+3.5%
Max drawdown-71%-61%
FI Handbook gradeC-C+

Highlighted: the stronger figure on metrics where higher or lower is clearly better.

Growth of $10,000 (5 years, price only)

$7.5K
$10.0K
$12.5K
20222023202420252026
EXRPSA

EXR vs PSA FAQ

Which is bigger, EXR or PSA?

Public Storage (PSA) is larger, with a market cap of $57.9B versus $31.7B for Extra Space Storage, about 1.8 times the size.

Is EXR or PSA cheaper?

On trailing earnings, PSA is cheaper at 29.6x versus 31.7x for EXR. A lower P/E can reflect slower expected growth, so compare growth and margins too.

Which stock performed better over the past year, EXR or PSA?

PSA returned +5.4% over the past year including dividends, versus -0.4% for EXR, through October 23, 2026.

Which pays a higher dividend, EXR or PSA?

EXR yields 4.52% versus 3.87% for PSA.

Full pages: Extra Space Storage · Public Storage