Is Extra Space Storage Inc. (EXR) Halal?

NYSE Real Estate United States $28.6B
✗ NOT HALAL
Confidence: 90/100
Extra Space Storage Inc. (EXR) is Not Halal under AAOIFI Standard 21. The company's debt ratio of 43.1% exceeds the 30% threshold, indicating excessive interest-bearing debt relative to market capitalization. Extra Space Storage Inc. operates in the Real Estate sector.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 43.1%
/ 30%
0.4%
/ 30%
5.1%
/ 30%
4.83%
/ 5%
✗ NOT HALAL
DJIM 43.1%
/ 33%
0.4%
/ 33%
5.1%
/ 33%
4.83%
/ 5%
✗ NOT HALAL
MSCI 47.8%
/ 33%
0.5%
/ 33%
5.6%
/ 33%
4.83%
/ 5%
✗ NOT HALAL
S&P 43.1%
/ 33%
0.4%
/ 33%
5.1%
/ 33%
4.83%
/ 5%
✗ NOT HALAL
FTSE 47.8%
/ 33%
0.5%
/ 33%
5.6%
/ 50%
4.83%
/ 5%
✗ NOT HALAL

Financial Highlights

P/E Ratio
28.1
Forward: 26.7
EPS
$4.59
Dividend Yield
502.0%
Payout: 141.2%
P/B Ratio
2.0
EV/EBITDA
18.6
EV: $42.1B
Revenue
$3.4B
Growth: 4.6%
Beta
1.2
High volatility
Current Ratio
0.8

Profitability

Gross Margin 75.0%
Operating Margin 44.5%
Net Margin 28.3%
Return on Equity (ROE) 7.0%
Return on Assets (ROA) 3.4%

Cash Flow & Balance Sheet

Operating Cash Flow$1.9B
Free Cash Flow$1.8B
Total Debt$14.0B
Debt-to-Equity98.7
Current Ratio0.8
Total Assets$29.3B

Price & Trading

Last Close$130.49
50-Day MA$142.13
200-Day MA$140.90
Avg Volume1.3M
Beta1.2
52-Week Range
$121.03
$155.19

About Extra Space Storage Inc. (EXR)

CEO
Mr. Joseph Daniel Margolis J.D.
Employees
8,393
Sector
Real Estate
Industry
REIT - Industrial
Country
United States
Exchange
NYSE
Market Cap
$28.6B
Currency
USD

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2025, the Company owned and/or operated 4,238 self-storage stores in 43 states and Washington, D.C.The Company's stores comprise approximately 2.9 million units and approximately 326.9 million square feet of rentable space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States. Extra Space Storage Inc. was incorporated in 1997 in Maryland, USA.

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Frequently Asked Questions

Is Extra Space Storage Inc. (EXR) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Extra Space Storage Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is Extra Space Storage Inc.'s debt ratio?

Extra Space Storage Inc.'s debt ratio is 43.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 47.8%.

What are Extra Space Storage Inc.'s key financial metrics?

Extra Space Storage Inc. has a market capitalization of $28.6B, trailing P/E ratio of 28.1, and revenue of $3.4B. The company maintains a gross margin of 75.0% and a net margin of 28.3%. Return on equity stands at 7.0%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.