EXR drawdown: 34.9% below the all-time high
Extra Space Storage Inc (EXR) is 34.9% below its all-time high, set Dec 31, 2021 (as of market close, Jul 24, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown. "All-time" means since our price data begins (2004).
- Below all-time high
- −34.9%
- 65.1% of ATH
- All-time high
- $226.7
- Dec 31, 2021
- Time below the high
- 4.6 yrs
- since Dec 31, 2021
- Worst-ever drawdown
- −75.0%
- Mar 16, 2009
- Longest underwater
- 4.6 yrs
- between all-time highs
- Today's level first reached
- Apr 30, 2021
- 5.2 yrs ago
- Last time this deep
- Mar 24, 2020
- in a previous episode
% of all-time high since 2004#
The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater.
% of all-time high on the price basis — the all-time high considers the full history of EXR, including years before the visible window. Dividends are excluded on this basis (the convention headlines use).
The deepest drawdowns on record#
Every decline of 15% or more from an all-time high (price basis), deepest first.
| Peak | Trough | Depth | Peak → trough | Recovered by | Underwater |
|---|---|---|---|---|---|
| Mar 12, 2007 | Mar 16, 2009 | −75.0% | 2.0 yrs | Mar 30, 2011 | 4.0 yrs |
| Dec 31, 2021 | Oct 25, 2023 | −54.5% | 1.8 yrs | not yet | 4.6 yrs+ |
| Sep 4, 2019 | Mar 23, 2020 | −39.6% | 7 mo | Feb 23, 2021 | 18 mo |
| Jul 13, 2016 | Nov 21, 2016 | −27.1% | 4 mo | May 10, 2018 | 1.8 yrs |
| Jul 20, 2005 | Nov 8, 2005 | −20.7% | 4 mo | Mar 16, 2006 | 8 mo |
| Jul 22, 2011 | Oct 3, 2011 | −20.1% | 2 mo | Oct 27, 2011 | 3 mo |
| Oct 25, 2013 | Dec 12, 2013 | −16.9% | 48 days | Feb 28, 2014 | 4 mo |
| Jun 26, 2018 | Oct 11, 2018 | −16.2% | 4 mo | Mar 25, 2019 | 9 mo |
Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.
Drawdown vs what came next#
One dot per month since 2004: how far EXR stood below its all-time high, and the total return over the following 1, 5 and 10 years.
Read this with survivorship bias in mind: EXR is on this chart precisely because it survived — the many stocks that fell this far and never recovered (or were delisted) aren't on anyone's chart, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.
FAQ
- How far is EXR from its all-time high?
- EXR is currently 34.9% below its all-time high, set Dec 31, 2021 (as of market close, Jul 24, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
- What was the biggest EXR drawdown ever?
- The deepest decline on record in our data (since 2004) took the stock 75.0% below its prior high, bottoming Mar 16, 2009. The table on this page lists every major episode with its peak, trough and recovery date.
Methodology & related#
Daily closing prices since 2004 (split-adjusted). "All-time" means since our price data begins — EXR may have traded earlier. For a 150-year index drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year, 150 years of returns and the rolling-returns explorer. Past performance does not predict future returns; not investment advice.