Extra Space Storage (EXR) | Financial Analysis & Statements

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

$152.88

0.72%

Extra Space Storage vs Prologis Extra Space Storage vs Public Storage Extra Space Storage vs Lineage Logistics Extra Space Storage vs CubeSmart Extra Space Storage vs EastGroup Properties Extra Space Storage vs S&P 500 | Market

Overview Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

Financial Overview

Latest Annual: 2024

Income Metrics

Revenue 3.3B

Gross Profit 2.4B 72.20%

Operating Income 1.4B 43.02%

Net Income 900.2M 27.64%

EPS (Diluted) $4.03

Balance Sheet Metrics

Total Assets 28.8B

Total Liabilities 14.0B

Shareholders Equity 14.9B

Debt to Equity 0.94

Cash Flow Metrics

Operating Cash Flow 1.8B

Free Cash Flow 1.9B

Revenue & Profitability Trend

Extra Space Storage Income Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Revenue	3.3B	2.6B	1.9B	1.6B	1.4B
Cost of Goods Sold	905.5M	670.9M	468.9M	398.1M	387.1M
Gross Profit	2.4B	1.9B	1.5B	1.2B	969.1M
Operating Expenses	167.4M	146.4M	129.3M	102.2M	96.6M
Operating Income	1.4B	1.2B	1.0B	835.2M	648.1M
Pre-tax Income	933.7M	872.0M	942.1M	898.1M	531.4M
Income Tax	33.5M	21.6M	20.9M	20.3M	13.8M
Net Income	900.2M	850.5M	921.2M	877.8M	517.6M
EPS (Diluted)	$4.03	$4.74	$6.41	$6.19	$3.71

Income Statement Trend

Extra Space Storage Balance Sheet From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Assets
Current Assets	1.7B	929.7M	792.0M	617.8M	421.8M
Non-Current Assets	27.2B	26.5B	11.4B	9.9B	9.0B
Total Assets	28.8B	27.5B	12.2B	10.5B	9.4B
Liabilities
Current Liabilities	1.8B	1.1B	1.2B	740.9M	1.1B
Non-Current Liabilities	12.2B	11.0B	6.9B	5.9B	5.3B
Total Liabilities	14.0B	12.0B	8.1B	6.7B	6.5B
Equity
Total Shareholders Equity	14.9B	15.4B	4.1B	3.8B	2.9B

Balance Sheet Composition

Extra Space Storage Cash Flow Statement From 2020 to 2024

Metric	2024	2023	2022	2021	2020
Operating Activities
Net Income	900.2M	850.5M	921.2M	877.8M	517.6M
Operating Cash Flow	1.8B	1.3B	1.2B	1.1B	764.4M
Investing Activities
Capital Expenditures	-20.5M	-16.0M	-22.8M	-3.7M	-7.1M
Investing Cash Flow	-992.7M	-1.4B	-334.3M	-120.7M	-612.0M
Financing Activities
Dividends Paid	-1.4B	-1.0B	-805.3M	-601.0M	-467.8M
Financing Cash Flow	-202.3M	423.1M	431.9M	-171.3M	236.7M
Free Cash Flow	1.9B	1.4B	1.2B	948.8M	764.1M

Cash Flow Trend

Extra Space Storage Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 34.05

Forward P/E 30.56

Price to Book 2.23

Price to Sales 9.62

PEG Ratio 30.56

Profitability Ratios

Profit Margin 27.13%

Operating Margin 44.40%

Return on Equity 6.39%

Return on Assets 3.33%

Financial Health

Current Ratio 4.02

Debt to Equity 89.65

Beta 1.13

Per Share Data

EPS (TTM) $4.29

Book Value per Share $65.43

Revenue per Share $15.89

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
exr	32.4B	34.05	2.23	6.39%	27.13%	89.65
Prologis	99.4B	26.72	1.86	6.83%	42.81%	56.64
Public Storage	51.7B	29.27	9.91	20.12%	41.59%	97.46
Lineage Logistics	11.3B	-12.51	1.19	-9.07%	-11.77%	78.40
CubeSmart	9.7B	25.07	3.40	13.34%	35.73%	117.53
EastGroup Properties	9.0B	37.49	2.68	7.61%	34.79%	44.73

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