Is ESRT or EXR more undervalued in 2026?

CirclFi compares Empire State Realty Trust, Inc. (ESRT) and Extra Space Storage Inc (EXR) using 13 institutional-grade valuation models. ESRT has a Quality of Company score of 6.4/10 while EXR scores 8.1/10.

Which is a better buy — ESRT or EXR?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do ESRT and EXR valuations compare?

ESRT at $5.73 and EXR at $144.31 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

ESRT vs EXR Valuation Comparison 2026 — Intrinsic Value Analysis

ESRT

Real Estate Investment Trusts

Empire State Realty Trust, Inc.

Quality

6.4

out of 10

Value Trap

—

Price

$5.73

Last close

Models

13/13

Active

EXR

Real Estate Investment Trusts

Extra Space Storage Inc

Quality

8.1

out of 10

Value Trap

LOW

Price

$144.31

Last close

Models

12/13

Active

Model-by-Model Comparison

Model	Type	ESRT Fair Value	ESRT Upside	EXR Fair Value	EXR Upside
Bayesian DCF	Intrinsic	$0.10	-98.3%	$87.68	-39.2%
Earnings Power Value	Intrinsic	$2.10	-62.7%	$20.64	-85.7%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$•••.••	••.•%	$•••.••	••.•%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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ESRT vs EXR — Which Stock Is More Undervalued?

EXR scores higher with a 8.1/10 quality rating vs ESRT's 6.4/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing Empire State Realty Trust, Inc. (ESRT) and Extra Space Storage Inc (EXR) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

ESRT currently trades at $5.73 with a QOC of 6.4/10, while EXR trades at $144.31 with a QOC of 8.1/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).