Five-year median 19.1×, middle half 17.1–21.7×, range 15.5–32.8×. Now 16.8×: −12% below its own median, higher than 15% of those quarters.Each quarter priced at its own trailing Cash FFO per share · the band is the 25th–75th percentile
Where the cash goes
TTM through Jun 30, 2026 · $B
Cash FFO 1.88B = net income 0.96B + depreciation 0.73B + 0.19B other non-cash items · dividends 1.43B · retained 0.45B
Against its type
EXR (blue) vs. the other Self storage REITs on the board (1), grey
P/Cash FFO16.8× vs. 18.3×
Dividend yield4.5% vs. 3.9%
Cash FFO payout76% vs. 72%
Net debt / EBITDA6.2× vs. 3.7×
Interest cover1.5× vs. 8.9×
EBITDA margin65% vs. 62%
Type averages are the plain mean of the other REITs of the same property type with a usable window.
Quarter by quarter
8 quarters · Sep 30, 2024 → Jun 30, 2026 · a gap is a dropped quarter