EXTRA SPACE STORAGE INC. financials
Source: EDGAR filings · Built 2026-06-02T02:58:11Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 1.29B | 1.41B | 1.27B | 44.88M | — | — |
| EBITDA | 2.13B | 2.11B | 1.68B | 1.34B | 1.22B | — |
| Net Debt | 11.42B | 10.33B | 7.37B | 3.98B | 3.18B | 5.01B |
| Gross Margin | -609.13% | -588.07% | -500.12% | -418.86% | -456.27% | -591.77% |
| Operating Margin | 1091.08% | 1095.00% | 1147.35% | 1251.91% | 1472.83% | 1277.87% |
| Net Margin | 752.26% | 707.20% | 787.56% | 1025.80% | 1249.02% | 924.21% |
| Return on Equity (ROE) | 7.25% | 6.13% | 5.58% | 26.40% | 26.56% | 18.91% |
| Return on Assets (ROA) | 3.33% | 2.96% | 2.93% | 7.07% | 7.90% | 5.13% |
| Debt-to-Equity | 0.86× | 0.75× | 0.52× | 1.25× | 1.04× | 2.01× |
| Effective Tax Rate | 4.42% | 3.93% | 2.64% | 2.32% | 2.36% | 2.71% |
| Cash Conversion Ratio | 1.90× | 2.21× | 1.75× | 1.44× | 1.15× | 1.60× |
| Accruals Ratio | -0.03× | -0.04× | -0.02× | -0.03× | -0.01× | -0.03× |
| SBC % of Revenue | 27.45% | 23.99% | 25.97% | 25.49% | 26.11% | 31.23% |
| CapEx Coverage | 3.29× | 3.94× | 10.34× | 1.04× | — | — |
| Free Cash Flow Per Share | $6.08 | $6.66 | $7.49 | $0.32 | — | — |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 28.37× | 37.12× | 33.82× | 22.96× | 36.63× | 31.23× |
| P/FCF | 21.41× | 22.47× | 21.42× | 464.58× | — | — |
| FCF Yield | 4.67% | 4.45% | 4.67% | 0.22% | — | — |
| EV / EBITDA | 18.29× | 19.96× | 24.61× | 17.70× | 27.55× | — |
| P/S | 212.37× | 262.42× | 332.15× | 234.92× | 458.23× | 291.95× |
| P/B | 2.05× | 2.27× | 2.35× | 6.05× | 9.74× | 5.97× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 129.48M | 120.86M | 101.99M | 83.90M | 66.26M | 52.13M |
| Revenues | 3.38B | 3.26B | 2.56B | 1.92B | 1.58B | 1.36B |
| Cost of Revenue | 918.15M | 831.57M | 612.04M | 435.34M | 368.61M | 360.62M |
| Operating Income (Loss) | 1.41B | 1.32B | 1.17B | 1.05B | 975.95M | 666.14M |
| Income Tax Expense (Benefit) | 41.56M | 33.48M | 21.56M | 20.93M | 20.32M | 13.81M |
| Net Income (Loss) Attributable to Parent | 974.00M | 854.68M | 803.20M | 860.69M | 827.65M | 481.78M |
| Earnings Per Share, Basic | $4.59 | $4.03 | $4.74 | $6.41 | $6.20 | $3.71 |
| Weighted Average Number of Shares Outstanding, Basic | 211.85M | 211.58M | 169.22M | 134.05M | 133.37M | 129.54M |
| Earnings Per Share, Diluted | $4.59 | $4.03 | $4.74 | $6.41 | $6.19 | $3.71 |
| Weighted Average Number of Shares Outstanding, Diluted | 211.85M | 211.58M | 169.22M | 141.68M | 140.02M | 129.58M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 138.92M | 138.22M | 99.06M | 92.87M | 71.13M | 109.12M |
| Assets | 29.26B | 28.85B | 27.46B | 12.17B | 10.47B | 9.40B |
| Liabilities | 14.94B | 13.99B | 12.04B | 8.09B | 6.69B | 6.46B |
| Stockholders' Equity Attributable to Parent | 13.43B | 13.95B | 14.39B | 3.26B | 3.12B | 2.55B |
| Common Stock, Shares, Outstanding | 211.16M | 212.00M | 211.28M | 133.92M | 133.92M | 131.36M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 1.85B | 1.89B | 1.40B | 1.24B | 952.44M | 771.23M |
| Net Cash Provided by (Used in) Investing Activities | -814.21M | -1.65B | -1.82B | -1.65B | -837.54M | -955.43M |
| Payments for Repurchase of Common Stock | 149.55M | 0 | 0 | 63.01M | 0 | 67.87M |
| Net Cash Provided by (Used in) Financing Activities | -1.04B | -202.29M | 423.13M | 431.86M | -166.71M | 241.47M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | 477.50M | 116.78M | 1.47B | 863.53M | 364.33M | 150.19M |
| EBITDA | 553.35M | 550.96M | 456.59M | 551.24M | 569.09M | 576.23M |
| Net Debt | 11.23B | 11.42B | 11.01B | 10.45B | 10.18B | 10.33B |
| Gross Margin | -607.24% | -580.94% | -623.73% | -610.38% | -623.45% | -614.02% |
| Operating Margin | 1090.82% | 1091.09% | 857.83% | 1167.12% | 1257.82% | 1227.22% |
| Net Margin | 715.17% | 845.50% | 510.17% | 779.39% | 876.48% | 847.63% |
| Return on Equity (ROE) | 1.81% | 2.14% | 1.22% | 1.81% | 1.95% | 1.88% |
| Return on Assets (ROA) | 0.83% | 0.98% | 0.57% | 0.85% | 0.93% | 0.91% |
| Debt-to-Equity | 0.85× | 0.86× | 0.82× | 0.77× | 0.74× | 0.75× |
| Effective Tax Rate | 4.36% | 3.62% | 7.43% | 4.51% | 3.28% | 2.28% |
| Cash Conversion Ratio | 2.03× | 1.28× | 8.93× | 4.11× | 1.78× | 1.56× |
| Accruals Ratio | -0.01× | -0.00× | -0.04× | -0.03× | -0.01× | -0.01× |
| SBC % of Revenue | 22.57% | 37.65% | 69.89% | 48.93% | 23.19% | 47.06% |
| CapEx Coverage | 39.63× | 1.47× | 114.51× | 6.34× | 4.11× | 1.58× |
| Free Cash Flow Per Share | $2.17 | $0.55 | $6.64 | $4.07 | $1.72 | $0.71 |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| P/E Trailing (Diluted) | 29.40× | 28.31× | 31.46× | 31.98× | 34.45× | 37.03× |
| EV / EBITDA | 18.43× | 18.29× | 19.01× | 19.02× | 19.46× | 19.96× |
| P/S | 209.38× | 212.37× | 236.57× | 252.79× | 259.13× | 262.42× |
| P/B | 2.08× | 2.05× | 2.20× | 2.27× | 2.27× | 2.27× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 33.70M | 33.99M | 32.54M | 32.04M | 30.91M | 30.97M |
| Revenues | 856.03M | 857.47M | 858.46M | 841.62M | 820.00M | 821.90M |
| Cost of Revenue | 238.30M | 231.46M | 235.49M | 227.62M | 223.58M | 221.11M |
| Operating Income (Loss) | 367.55M | 370.87M | 279.12M | 373.97M | 388.73M | 380.03M |
| Income Tax Expense (Benefit) | 10.79M | 8.97M | 11.96M | 11.64M | 8.99M | 6.04M |
| Net Income (Loss) Attributable to Parent | 240.98M | 287.39M | 166.00M | 249.73M | 270.88M | 262.49M |
| Earnings Per Share, Basic | $1.14 | $1.36 | $0.78 | $1.18 | $1.28 | $1.24 |
| Weighted Average Number of Shares Outstanding, Basic | 210.90M | 211.85M | 211.96M | 211.94M | 211.85M | 211.58M |
| Earnings Per Share, Diluted | $1.14 | $1.36 | $0.78 | $1.18 | $1.28 | $1.24 |
| Weighted Average Number of Shares Outstanding, Diluted | 220.32M | 211.85M | 221.30M | 211.94M | 212.05M | 211.58M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 138.99M | 138.92M | 111.93M | 125.05M | 119.56M | 138.22M |
| Assets | 29.10B | 29.26B | 29.23B | 29.37B | 28.99B | 28.85B |
| Liabilities | 14.89B | 14.94B | 14.74B | 14.69B | 14.22B | 13.99B |
| Stockholders' Equity Attributable to Parent | 13.33B | 13.43B | 13.62B | 13.79B | 13.89B | 13.95B |
| Common Stock, Shares, Outstanding | 211.20M | 211.16M | 212.25M | 212.25M | 212.23M | 212.00M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 489.86M | 367.80M | 1.48B | 1.03B | 481.40M | 408.28M |
| Net Cash Provided by (Used in) Investing Activities | -47.50M | -116.55M | -697.66M | -614.25M | -342.04M | -769.42M |
| Payments for Repurchase of Common Stock | 1.44M | 140.93M | 8.62M | 8.62M | 0 | 0 |
| Net Cash Provided by (Used in) Financing Activities | -442.13M | -224.30M | -811.80M | -425.63M | -159.62M | 410.12M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (EXR CIK 0001289490),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.