EXR
Extra Space Storage Inc
NYSE: EXR · REAL ESTATE · REIT - INDUSTRIAL
$140.53
-0.35% today
Updated 2026-04-29
Market cap
$31.01B
P/E ratio
30.68
P/S ratio
9.00x
EPS (TTM)
$4.58
Dividend yield
—
52W range
$123 – $153
Volume
1.3M
Extra Space Storage Inc (EXR) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $197.26M | $238.87M | $273.25M | $280.48M | $281.50M | $329.83M | $420.25M | $532.27M | $657.70M | $794.62M | $1.00B | $1.12B | $1.21B | $1.32B | $1.38B | $1.61B | $1.97B | $2.62B | $3.34B | $3.38B |
| Revenue growth (YoY) | — | +21.1% | +14.4% | +2.6% | +0.4% | +17.2% | +27.4% | +26.7% | +23.6% | +20.8% | +26.4% | +11.5% | +8.1% | +9.0% | +4.5% | +16.8% | +22.1% | +33.0% | +27.6% | +1.2% |
| Cost of revenue | $64.34M | $155.07M | $89.59M | $88.94M | $92.67M | $101.62M | $127.25M | $157.65M | $183.83M | $206.47M | $252.69M | $276.74M | $301.25M | $340.32M | $358.77M | $379.30M | $423.35M | $594.00M | $790.79M | $2.42B |
| Gross profit | $132.92M | $238.87M | $183.66M | $191.54M | $188.83M | $228.21M | $293.01M | $374.61M | $473.87M | $588.15M | $752.08M | $843.60M | $909.81M | $979.41M | $1.02B | $1.23B | $1.54B | $2.02B | $2.55B | $960.17M |
| Gross margin | 67.4% | 100.0% | 67.2% | 68.3% | 67.1% | 69.2% | 69.7% | 70.4% | 72.1% | 74.0% | 74.9% | 75.3% | 75.1% | 74.2% | 74.0% | 76.4% | 78.5% | 77.3% | 76.3% | 28.4% |
| R&D | — | — | $1.73M | $19.01M | $1.24M | $2.90M | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| SG&A | $35.60M | $36.72M | $40.43M | $46.02M | $44.43M | $49.68M | $50.45M | $54.25M | $60.94M | $67.76M | $77.81M | $78.96M | $81.26M | $89.42M | $96.59M | $102.19M | $129.25M | $146.41M | $167.40M | $186.34M |
| Operating income | $59.65M | $83.80M | $91.94M | $71.89M | $90.81M | $115.48M | $157.24M | $213.48M | $278.47M | $294.66M | $449.84M | $541.61M | $619.70M | $634.96M | $666.14M | $975.95M | $1.05B | $1.17B | $1.32B | $1.49B |
| Operating margin | 30.2% | 35.1% | 33.6% | 25.6% | 32.3% | 35.0% | 37.4% | 40.1% | 42.3% | 37.1% | 44.8% | 48.3% | 51.2% | 48.1% | 48.3% | 60.6% | 53.4% | 44.7% | 39.6% | 44.1% |
| EBITDA | $96.82M | $39.80M | $54.42M | $145.40M | $144.40M | $174.75M | $242.55M | $320.37M | $404.08M | $509.87M | $661.40M | $750.23M | $812.40M | $864.88M | $894.87M | $1.11B | $1.37B | $1.79B | $2.26B | $2.41B |
| EBITDA margin | 49.1% | 16.7% | 19.9% | 51.8% | 51.3% | 53.0% | 57.7% | 60.2% | 61.4% | 64.2% | 65.8% | 67.0% | 67.1% | 65.5% | 64.9% | 68.9% | 69.6% | 68.5% | 67.7% | 71.5% |
| EBIT | $59.65M | $0.00 | $4.85M | $93.00M | $94.05M | $116.74M | $168.10M | $225.14M | $289.01M | $376.41M | $478.84M | $556.94M | $603.35M | $645.03M | $670.43M | $867.55M | $1.08B | $1.29B | $1.48B | $1.70B |
| Interest expense | $50.95M | $61.02M | $64.61M | $69.82M | $65.78M | $69.06M | $72.29M | $73.03M | $84.01M | $98.99M | $138.46M | $158.61M | $183.12M | $191.27M | $172.30M | $166.18M | $219.17M | $437.82M | $595.07M | $635.13M |
| Income tax | $-37.67M | $-1.51M | $51.99M | $4.30M | $4.16M | $1.16M | $5.41M | $9.98M | $7.57M | $11.15M | $15.85M | $3.63M | $9.24M | $11.31M | $13.81M | $20.32M | $20.93M | $21.56M | $33.48M | — |
| Effective tax rate | 165.3% | -4.4% | 52.6% | 11.9% | 13.6% | 2.2% | 4.4% | 5.5% | 4.1% | 5.6% | 4.1% | 0.8% | 2.2% | 2.6% | 2.8% | 2.4% | 2.4% | 2.6% | 3.8% | 0.0% |
| Net income | $14.88M | $36.09M | $46.89M | $31.98M | $26.33M | $50.45M | $117.31M | $172.08M | $178.35M | $189.47M | $366.13M | $479.01M | $415.29M | $419.97M | $481.78M | $827.65M | $860.69M | $803.20M | $854.68M | $974.00M |
| Net income growth (YoY) | — | +142.6% | +29.9% | -31.8% | -17.7% | +91.6% | +132.5% | +46.7% | +3.6% | +6.2% | +93.2% | +30.8% | -13.3% | +1.1% | +14.7% | +71.8% | +4.0% | -6.7% | +6.4% | +14.0% |
| Profit margin | 7.5% | 15.1% | 17.2% | 11.4% | 9.4% | 15.3% | 27.9% | 32.3% | 27.1% | 23.8% | 36.4% | 42.8% | 34.3% | 31.8% | 34.9% | 51.4% | 43.8% | 30.7% | 25.6% | 28.8% |