EXR

Extra Space Storage Inc.

$145.32 +1.36 (+0.94%) At close · Jul 13

Market Cap

$30.74B

211,260,936

Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.

Revenue

$3.38B +3.7%

FY2025

Net Income

$974M +14%

FY2025

Gross Margin

72.82% -1.6pp

FY2025

Operating Margin

41.83% +1.2pp

FY2025

Diluted EPS

$4.59 +13.9%

FY2025

Operating Cash Flow

$1.85B -2%

FY2025

Chart any reported metric, KPI or segment over time — the full statement history lives here

Income Statement Balance Sheet Cash Flow All Metrics

Annual Quarterly

Line Item	3Y	5Y	10Y	FY2026 (G)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010
Revenue	+20.6%	+20.0%	+15.8%	—	$3.41B	$3.38B	$3.26B	$2.56B	$1.92B	$1.58B	$1.36B	$1.31B	$1.2B	$1.11B	$991.88M	$782.27M	$647.16M	$520.61M	$409.4M	$329.83M	$281.5M
Rental Income	+20.5%	+20.1%	—	—	$2.92B	$2.9B	$2.8B	$2.22B	$1.65B	$1.34B	$1.16B	$1.13B	—	—	—	—	—	—	—	—	—
Cost of Revenue	+28.2%	+20.6%	+16.2%	—	$932.87M	$918.15M	$831.57M	$612.04M	$435.34M	$368.61M	$360.62M	$336.05M	$291.7M	$271.97M	$250.01M	$203.97M	$172.42M	$140.01M	$114.03M	$95.48M	$86.17M
Gross Profit	+18.2%	+19.8%	+15.6%	—	$2.48B	$2.46B	$2.43B	$1.95B	$1.49B	$1.21B	$995.6M	$972.4M	$904.91M	$833.04M	$741.87M	$578.31M	$474.74M	$380.6M	$295.37M	$234.35M	$195.33M
Gross Margin	—	—	—	—	—	72.82%	74.47%	76.09%	77.38%	76.63%	73.41%	74.32%	75.62%	75.39%	74.79%	73.93%	73.36%	73.11%	72.15%	71.05%	69.39%
General & Administrative	+13.0%	+14.0%	+10.6%	—	$186.88M	$186.34M	$167.4M	$146.41M	$129.25M	$102.19M	$96.59M	$89.42M	$81.26M	$78.96M	$81.81M	$67.76M	$60.94M	$54.25M	$50.45M	$49.68M	$44.43M
Amortization of Intangibles	+14.9%	+56.5%	+6.1%	—	—	$21.18M	$114.61M	$59.81M	$13.98M	$4.78M	$2.26M	$6.61M	$9.05M	$14.35M	$21.13M	$11.7M	$13M	$12.07M	—	—	—
Depreciation & Amortization	—	—	+18.3%	—	$720.62M	$715.18M	$783.02M	$506.05M	—	—	—	$219.86M	$209.05M	$193.3M	$182.56M	$133.46M	$115.08M	$95.23M	$74.45M	$58.01M	$50.35M
Impairment of Real Estate	—	—	—	—	—	—	—	—	—	—	—	—	—	$6.1M	—	—	—	—	—	—	—
Total Costs & Expenses	+28.6%	+21.7%	+14.5%	—	$1.91B	$1.89B	$1.86B	$1.39B	$888.02M	$742.17M	$708.15M	$674.7M	$607.71M	$563.4M	$542.04M	$487.61M	$368.69M	$307.13M	$252.16M	$214.35M	$190.68M
Operating Income	+10.4%	+16.2%	+17.0%	—	$1.39B	$1.41B	$1.32B	$1.17B	$1.05B	$975.95M	$666.14M	$634.96M	$619.7M	$541.61M	$449.84M	$294.66M	$278.47M	$213.48M	$157.24M	$115.48M	$90.82M
Operating Margin	—	—	—	—	—	41.83%	40.63%	45.7%	54.59%	61.87%	49.12%	48.53%	51.79%	49.01%	45.35%	37.67%	43.03%	41.01%	38.41%	35.01%	32.26%
EBITDA	—	—	+17.4%	—	$2.11B	$2.13B	$2.11B	$1.68B	—	—	—	$854.82M	$828.75M	$734.9M	$632.4M	$428.11M	$393.54M	$308.72M	$231.69M	$173.49M	$141.16M
Interest Expense	—	+18.6%	+19.3%	—	$471.82M	—	—	$419.04M	—	—	—	—	$178.44M	$153.51M	$133.48M	$95.68M	$81.33M	$71.63M	$71.85M	$67.3M	$64.12M
Interest Income	+33.0%	+60.8%	+47.0%	—	$163.78M	$163.2M	$124.42M	$84.86M	$69.42M	$49.7M	$15.19M	$7.47M	$5.29M	$3.8M	$6.15M	$3.46M	$1.61M	$749K	$1.82M	$1.03M	$898K
Gain on Sales of Real Estate	—	—	—	—	—	—	—	—	—	—	—	—	—	$0	—	—	—	—	—	—	—
Equity in Earnings of Unconsolidated Entities	—	—	+18.7%	—	$64.64M	$68.82M	$67.27M	$54.84M	—	—	—	$11.27M	$14.45M	$15.33M	$12.9M	$12.35M	$10.54M	$11.65M	$10.86M	$7.29M	$6.75M
Pretax Income	+1.5%	+13.1%	+16.4%	—	$914.02M	$940.76M	$852.71M	$817.18M	$900.65M	$859.47M	$509.03M	$451.16M	$441.87M	$502.52M	$330.84M	$205.48M	$188.9M	$137.86M	$91.61M	$52.29M	$30.78M
Income Tax	+25.7%	+24.7%	+14.1%	—	$43.36M	$41.56M	$33.48M	$21.56M	$20.93M	$20.32M	$13.81M	$11.31M	$9.24M	$3.63M	$15.85M	$11.15M	$7.57M	$9.98M	$5.41M	$1.16M	$4.16M
Net Income	+4.2%	+15.1%	+17.8%	—	$944.1M	$974M	$854.68M	$803.2M	$860.69M	$827.65M	$481.78M	$419.97M	$415.29M	$479.01M	$366.13M	$189.47M	$178.36M	$172.08M	$127.69M	$58.42M	$26.33M
Net Margin	—	—	—	—	—	28.84%	26.24%	31.37%	44.73%	52.47%	35.52%	32.1%	34.71%	43.35%	36.91%	24.22%	27.56%	33.05%	31.19%	17.71%	9.35%
Net Income Attributable to Noncontrolling Interests	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-$13.58M	-$7.26M	-$10.35M	-$7.98M	—
Net Income Available to Common Stockholders	+4.2%	+15.1%	+17.8%	—	$942.35M	$972.26M	$853.19M	$801.97M	$859.49M	$826.47M	$481.07M	$419.29M	$414.57M	$478.04M	$365.34M	$188.87M	$177.87M	$171.51M	$117.31M	$50.45M	—
Comprehensive Income	+0.3%	+18.5%	+17.9%	—	$938.21M	$960.77M	$850.05M	$771.84M	$952.03M	$884.2M	$411.65M	$356.35M	$416.65M	$495.53M	$389.25M	$184.61M	$166.72M	$196.51M	$110.97M	—	—
EPS (Basic) USD/shares	-10.5%	+4.3%	+11.3%	—	—	$4.59	$4.03	$4.74	$6.41	$6.20	$3.71	$3.27	$3.29	$3.79	$2.92	$1.58	$1.54	$1.54	$1.15	$0.55	$0.30
EPS (Diluted) USD/shares	-10.5%	+4.3%	+11.4%	$8.05 – $8.35*	—	$4.59	$4.03	$4.74	$6.41^G	$6.19^G	$3.71	$3.24	$3.27	$3.76	$2.91	$1.56	$1.53	$1.53	$1.14	$0.54	$0.30
Shares Outstanding (Basic Avg) shares	+16.5%	+10.3%	+5.9%	—	—	211.85M	211.58M	169.22M	134.05M	133.37M	129.54M	128.2M	126.09M	125.97M	125.09M	119.82M	115.71M	111.35M	102.29M	92.1M	87.32M
Shares Outstanding (Diluted Avg) shares	+14.4%	+10.3%	+5.3%	—	—	211.85M	211.58M	169.22M	141.68M	140.02M	129.58M	136.43M	133.16M	134.16M	125.95M	126.92M	121.44M	113.11M	106.52M	96.68M	92.05M

Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing. TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative. (G): the company's own guidance — a (G) column is a guided period not yet reported; a G marker shows how the reported figure landed against the guided range. Non-GAAP-basis guidance (*) is shown as stated and never judged against GAAP actuals.

Capital Returned to Shareholders

Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2010–FY2025: $280.43M in buybacks, $8.13B in dividends.

Price & Valuation

Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.

Valuation

EV/Revenue

—

EV/EBIT

—

P/E (TTM)

32.70×

REIT - Industrial median 32.95×

Valuation over time computed as of each quarter's filing date

Revenue Breakdown

Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.

Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.

By Segment (USD)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Self Storage Operations	$2,895,190,000	$2,803,252,000	$2,222,578,000	$1,654,735,000	$1,340,990,000	$1,157,522,000	$1,130,177,000	$1,039,340,000
Tenant Reinsurance	$352,876,000	$332,795,000	$235,680,000	$185,531,000	$170,108,000	$146,561,000	$128,387,000	$115,507,000

Segment Operating Income

Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.

By Segment (USD)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Self Storage Operations	$1,977,042,000	$1,971,686,000	$1,610,542,000	$1,219,393,000	$972,382,000	$796,907,000	$794,127,000	$747,645,000
Tenant Reinsurance	$284,003,000	$258,909,000	$176,806,000	$151,971,000	$140,620,000	$120,067,000	$99,011,000	$89,800,000

Operating Margin by Segment (%)

Component	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31
Self Storage Operations	68.3%	70.3%	72.5%	73.7%	72.5%	68.8%	70.3%	71.9%
Tenant Reinsurance	80.5%	77.8%	75%	81.9%	82.7%	81.9%	77.1%	77.7%

Key facts CIK 1289490 CUSIP 30225T102 13F (30d) 72 filings 47 filers Visit website Investor relations