EGP vs EXR: EastGroup Properties and Extra Space Storage compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Extra Space Storage is the larger company, worth $29.3B, about 2.8 times EastGroup Properties.
- EastGroup Properties grew revenue faster over the last year (+9.1% vs +8.9%).
- Extra Space Storage keeps more of each dollar of revenue as operating profit (1043.2% vs 40.5%).
- On earnings, Extra Space Storage is the cheaper stock (29.7x vs 35.9x).
- EastGroup Properties's price assumes faster free cash flow growth: about 9% a year, against 7% for Extra Space Storage (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | EGP | EXR |
|---|---|---|
| Market cap | $10.6B | $29.3B |
| Share price | $195.98 | $134.65 |
| Revenue (last fiscal year) | $721M | $129M |
| Free cash flow (last fiscal year) | $405M | $1.3B |
| Revenue growth, last year | +9.1% | +8.9% |
| Revenue growth per year, last 5 fiscal years | +15.2% | +18.2% |
| Operating margin | 40.5% | 1043.2% |
| Net margin | 40.5% | 708.8% |
| Return on equity | 8.5% | 7.2% |
| P/E (trailing) | 35.9x | 29.7x |
| Price / free cash flow | 26.2x | 16.0x |
| EV / EBITDA | 23.0x | 25.6x |
| FCF growth the price implies | 8.5% | 6.7% |
| Dividend yield | 3.1% | 4.9% |
| Debt / equity | 0.54x | 1.17x |
| Fundamental grade | C | C |
| Superinvestors holding it | 5 | 6 |
| Insider purchases, last 12 months | 0 | 4 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
EastGroup Properties
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $409M | $220M | 36.9% |
| 2022 | $487M | $276M | 37.5% |
| 2023 | $571M | $287M | 40.0% |
| 2024 | $640M | $357M | 39.9% |
| 2025 | $721M | $405M | 39.9% |
Extra Space Storage
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $66M | — | 1472.8% |
| 2022 | $84M | $45M | 1251.9% |
| 2023 | $102M | $1.3B | 1147.4% |
| 2024 | $121M | $1.4B | 1095.0% |
| 2025 | $129M | $1.3B | 1091.1% |
Where the revenue comes from
EastGroup Properties
No segment breakdown reported.
Extra Space Storage · by segments, 2018
Self-Storage Operations$1.0B90%
Tenant Reinsurance$116M10%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open EGP in InvestinglyQuestions
Which is bigger, EastGroup Properties or Extra Space Storage?
Extra Space Storage (EXR), at $29.3B against $10.6B.
Is EGP or EXR cheaper?
By trailing P/E, Extra Space Storage (29.7x) is cheaper than EastGroup Properties (35.9x). A lower multiple can also mean the market expects less growth.
Which grows faster, EGP or EXR?
EastGroup Properties: revenue grew +9.1% over the last year, against +8.9%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.