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Extra Space Storage (EXR) | Financial Analysis & Statements

Extra Space Storage Inc. | Large-cap | Real Estate

$139.03

-0.44%

Extra Space Storage vs Prologis Extra Space Storage vs Public Storage Extra Space Storage vs Lineage Logistics Extra Space Storage vs Rexford Industrial Extra Space Storage vs CubeSmart Extra Space Storage vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 820.0M

Gross Profit 579.3M 70.65%

Operating Income 353.0M 43.05%

Net Income 284.9M 34.75%

EPS (Diluted) $1.28

Balance Sheet Metrics

Total Assets 29.0B

Total Liabilities 14.2B

Shareholders Equity 14.8B

Debt to Equity 0.96

Cash Flow Metrics

Operating Cash Flow 503.0M

Free Cash Flow 477.1M

Revenue & Profitability Trend

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Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Extra Space Storage Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue i	3.3B	2.6B	1.9B	1.6B	1.4B
Cost of Goods Sold i	905.5M	670.9M	468.9M	398.1M	387.1M
Gross Profit i	2.4B	1.9B	1.5B	1.2B	969.1M
Gross Margin % i	72.2%	73.8%	75.6%	74.8%	71.5%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	167.4M	146.4M	129.3M	102.2M	96.6M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	167.4M	146.4M	129.3M	102.2M	96.6M
Operating Income i	1.4B	1.2B	1.0B	835.2M	648.1M
Operating Margin % i	43.0%	48.3%	53.9%	52.9%	47.8%
Non-Operating Items
Interest Income i	124.4M	84.9M	69.4M	49.7M	15.2M
Interest Expense i	595.1M	437.8M	219.2M	166.2M	172.3M
Other Non-Operating Income	3.3M	-11.9M	54.1M	179.4M	40.4M
Pre-tax Income i	933.7M	872.0M	942.1M	898.1M	531.4M
Income Tax i	33.5M	21.6M	20.9M	20.3M	13.8M
Effective Tax Rate % i	3.6%	2.5%	2.2%	2.3%	2.6%
Net Income i	900.2M	850.5M	921.2M	877.8M	517.6M
Net Margin % i	27.6%	33.2%	47.9%	55.6%	38.2%
Key Metrics
EBITDA i	2.4B	1.9B	1.4B	1.2B	910.1M
EPS (Basic) i	$4.03	$4.74	$6.41	$6.20	$3.71
EPS (Diluted) i	$4.03	$4.74	$6.41	$6.19	$3.71
Basic Shares Outstanding i	211575240	169216989	134050815	133374938	129541531
Diluted Shares Outstanding i	211575240	169216989	134050815	133374938	129541531

Income Statement Trend

Extra Space Storage Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets
Cash & Equivalents i	138.2M	99.1M	92.9M	71.1M	109.1M
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	129.7M	134.7M	85.9M	83.0M	-
Inventory i	-	-	-	-	-
Other Current Assets	-	-	-	-	-
Total Current Assets i	1.7B	929.7M	792.0M	617.8M	421.8M
Non-Current Assets
Property, Plant & Equipment i	689.8M	227.2M	221.7M	227.9M	252.2M
Goodwill i	364.1M	489.2M	363.2M	16.5M	137.1M
Intangible Assets i	22.5M	147.6M	21.6M	16.5M	137.1M
Long-term Investments	15.7M	26.2M	54.8M	270.0K	-
Other Non-Current Assets	7.5M	9.8M	4.8M	166.6M	130.6M
Total Non-Current Assets i	27.2B	26.5B	11.4B	9.9B	9.0B
Total Assets i	28.8B	27.5B	12.2B	10.5B	9.4B
Liabilities
Current Liabilities
Accounts Payable i	346.5M	334.5M	171.7M	142.3M	130.0M
Short-term Debt i	1.4B	682.0M	945.0M	535.0M	949.0M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities i	1.8B	1.1B	1.2B	740.9M	1.1B
Non-Current Liabilities
Long-term Debt i	11.7B	10.6B	6.6B	5.7B	5.1B
Deferred Tax Liabilities i	-	-	-	-	-
Other Non-Current Liabilities	538.9M	383.5M	289.7M	291.5M	272.8M
Total Non-Current Liabilities i	12.2B	11.0B	6.9B	5.9B	5.3B
Total Liabilities i	14.0B	12.0B	8.1B	6.7B	6.5B
Equity
Common Stock i	2.1M	2.1M	1.3M	1.3M	1.3M
Retained Earnings i	-899.3M	-379.0M	-135.9M	-128.2M	-354.9M
Treasury Stock i	-	-	-	-	-
Other Equity	-	-	-	-	-
Total Shareholders Equity i	14.9B	15.4B	4.1B	3.8B	2.9B
Key Metrics
Total Debt i	13.0B	11.3B	7.6B	6.2B	6.0B
Working Capital i	-122.3M	-157.9M	-392.0M	-123.1M	-704.3M

Balance Sheet Composition

Extra Space Storage Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income i	900.2M	850.5M	921.2M	877.8M	517.6M
Depreciation & Amortization i	783.0M	506.1M	288.3M	241.9M	224.4M
Stock-Based Compensation i	22.9M	26.6M	21.4M	17.3M	16.3M
Working Capital Changes i	56.8M	-35.6M	9.0M	-31.5M	-84.0K
Operating Cash Flow i	1.8B	1.3B	1.2B	1.1B	764.4M
Investing Activities
Capital Expenditures i	-20.5M	-16.0M	-22.8M	-3.7M	-7.1M
Acquisitions i	-286.5M	-1.4B	-275.9M	-23.1M	-64.4M
Investment Purchases i	-	-	0	0	-300.0M
Investment Sales i	-	-	-	-	-
Investing Cash Flow i	-992.7M	-1.4B	-334.3M	-120.7M	-612.0M
Financing Activities
Share Repurchases i	0	-5.4M	-67.5M	0	-67.9M
Dividends Paid i	-1.4B	-1.0B	-805.3M	-601.0M	-467.8M
Debt Issuance i	10.0B	8.7B	5.6B	5.7B	3.3B
Debt Repayment i	-8.7B	-7.1B	-4.2B	-5.5B	-2.6B
Financing Cash Flow i	-202.3M	423.1M	431.9M	-171.3M	236.7M
Free Cash Flow i	1.9B	1.4B	1.2B	948.8M	764.1M
Net Change in Cash i	596.8M	371.0M	1.3B	789.4M	389.1M

Cash Flow Trend

Extra Space Storage Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 29.75

Forward P/E 28.63

Price to Book 2.11

Price to Sales 8.94

PEG Ratio 0.87

Profitability Ratios

Profit Margin 28.77%

Operating Margin 45.59%

Return on Equity 6.90%

Return on Assets 3.32%

Financial Health

Current Ratio 2.08

Debt to Equity 93.01

Beta 1.08

Per Share Data

EPS (TTM) $4.60

Book Value per Share $64.97

Revenue per Share $16.02

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
exr	30.3B	29.75	2.11	6.90%	28.77%	93.01
Prologis	102.8B	29.85	1.95	6.37%	38.69%	61.59
Public Storage	50.4B	31.34	10.04	18.92%	38.06%	110.17
Lineage Logistics	10.0B	-10.83	1.06	-8.17%	-10.57%	83.74
Rexford Industrial	9.7B	29.44	1.07	3.75%	32.18%	36.51
CubeSmart	9.1B	24.25	3.22	13.04%	34.20%	118.36

Financial data is updated regularly. All figures are in the company's reporting currency.