EXR
Extra Space Storage Inc.
NYSE · Real Estate · REIT - Industrial · US
$160.81
+2.93%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 3.5B | 3.4B | 3.3B | 2.6B | 2.0B |
| Cost of Revenue | 2.4B | 2.4B | 790.8M | 594.0M | 423.4M |
| Gross Profit | 1.1B | 960.2M | 2.5B | 2.0B | 1.5B |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 191.5M | 186.3M | 282.1M | 223.3M | 174.9M |
| General & Admin Expense | 191.5M | 186.3M | 167.4M | 146.4M | 129.3M |
| Selling & Marketing Expense | — | — | 114.7M | 76.9M | 45.6M |
| Other Expenses | (676.6M) | (715.2M) | 941.7M | 627.6M | 317.0M |
| Total Operating Expenses | (485.1M) | (528.8M) | 1.2B | 850.9M | 491.8M |
| Cost and Expenses | 1.9B | 1.9B | 2.0B | 1.4B | 915.2M |
| Operating Income (EBIT) | 1.6B | 1.5B | 1.3B | 1.2B | 1.1B |
| Non-Operating | |||||
| Interest Income | 154.4M | 163.2M | 124.4M | 84.9M | 69.4M |
| Interest Expense | 906.5M | 635.1M | 595.1M | 437.8M | 219.2M |
| Net Interest Income | (752.1M) | (471.9M) | (470.7M) | (353.0M) | (149.7M) |
| Other Non-Op Income/Expense | (1.5B) | (424.9M) | (389.6M) | (298.1M) | (108.3M) |
| Non-Operating Income (excl Interest) | (390.7M) | (210.2M) | (158.7M) | (121.6M) | (28.6M) |
| EBT (Pre-Tax Income) | 122.0M | 1.1B | 933.7M | 872.0M | 942.1M |
| Income Tax Expense | (962.7M) | 41.6M | 33.5M | 21.6M | 20.9M |
| Bottom Line | |||||
| Net Income | 1.0B | 974.0M | 854.7M | 803.2M | 860.7M |
| Earnings from Cont. Ops | 1.1B | 1.0B | 900.2M | 850.5M | 921.2M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 1.0B | 974.0M | 853.2M | 802.0M | 859.5M |
| Per Share | |||||
| Basic EPS | $4.92 | $4.59 | $4.03 | $4.74 | $6.41 |
| Diluted EPS | $4.86 | $4.59 | $4.03 | $4.74 | $6.41 |
| Revenue Per Share | $16.80 | $15.94 | $15.78 | $15.45 | $14.66 |
| Shares | |||||
| Basic Shares Outstanding | 210.6M | 211.9M | 211.6M | 169.2M | 134.1M |
| Diluted Shares Outstanding | 220.0M | 211.9M | 211.6M | 169.2M | 141.7M |
| Profitability Metrics | |||||
| EBITDA | 2.7B | 2.4B | 2.3B | 1.8B | 1.4B |
| D&A | 741.1M | 715.2M | 783.0M | 506.1M | 288.3M |
| EBIT | 2.0B | 1.7B | 1.5B | 1.3B | 1.1B |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026