Extra Space Storage Inc. (EXR) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Extra Space Storage reported revenue of $3.38B, up 3.7% from $3.26B the year before. Net income was $974.0M (a 28.8% net margin), or $4.59 per diluted share. Gross margin was 72.8% and operating margin was 41.8%. Operating activities generated $1.85B of cash, leaving $1.29B of free cash flow. At fiscal year end, Extra Space Storage held $29.26B in total assets against $14.94B in total liabilities, including $138.9M of cash and equivalents.
Open the full interactive Extra Space Storage financials → Quarterly statements, key ratios, valuation history and price charts.
Extra Space Storage Key Stats
| Share Price | $133.74 |
|---|---|
| Market Cap | $29.47B |
| P/E Ratio | 29.1 |
| Revenue YoY Growth | +3.7% |
| 52-Week Range | $120.98 – $151.07 |
| Shares Outstanding | 211.0 million (basic, 2026 Q2) |
Extra Space Storage Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $1.36B | $1.58B | $1.92B | $2.56B | $3.26B | $3.38B |
| Cost of Goods Sold | $708.1M | $742.2M | $888.0M | $1.39B | $1.86B | $1.89B |
| Gross Profit | $995.6M | $1.21B | $1.49B | $1.95B | $2.43B | $2.46B |
| Operating Income | $666.1M | $976.0M | $1.05B | $1.17B | $1.32B | $1.41B |
| Pre-Tax Income | $509.0M | $859.5M | $900.7M | $817.2M | $852.7M | $940.8M |
| Income Tax | $13.8M | $20.3M | $20.9M | $21.6M | $33.5M | $41.6M |
| Net Income | $481.8M | $827.6M | $860.7M | $803.2M | $854.7M | $974.0M |
| Diluted EPS | $3.71 | $6.19 | $6.41 | $4.74 | $4.03 | $4.59 |
Extra Space Storage Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $858.5M | $857.5M | $856.0M | $874.2M |
| Net Income | $166.0M | $287.4M | $241.0M | $263.5M |
| Diluted EPS | $0.78 | $1.36 | $1.14 | $1.25 |
Extra Space Storage Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $109.1M | $71.1M | $92.9M | $99.1M | $138.2M | $138.9M |
| Total Assets | $9.40B | $10.47B | $12.17B | $27.46B | $28.85B | $29.26B |
| Total Long-Term Debt | $5.75B | $5.96B | $7.33B | $11.02B | $12.32B | $13.23B |
| Total Liabilities | $6.46B | $6.69B | $8.09B | $12.04B | $13.99B | $14.94B |
| Shareholders' Equity | $2.55B | $3.12B | $3.26B | $14.39B | $13.95B | $13.43B |
Extra Space Storage Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $771.2M | $952.4M | $1.24B | $1.40B | $1.89B | $1.85B |
| Cash From Investing | -$955.4M | -$837.5M | -$1.65B | -$1.82B | -$1.65B | -$814.2M |
| Cash From Financing | $241.5M | -$166.7M | $431.9M | $423.1M | -$202.3M | -$1.04B |
| Free Cash Flow | — | — | — | $1.27B | $1.41B | $1.29B |
Figures from Extra Space Storage's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Extra Space Storage financials page for every line item.
Extra Space Storage Company Profile
| Ticker | EXR |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Salt Lake City, Utah |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001289490 |
Frequently Asked Questions
What was Extra Space Storage's revenue in fiscal 2025?
Extra Space Storage (EXR) reported revenue of $3.38B for fiscal 2025.
What is Extra Space Storage's annual revenue history?
Extra Space Storage's annual revenue by fiscal year: 2020: $1.36B; 2021: $1.58B; 2022: $1.92B; 2023: $2.56B; 2024: $3.26B; 2025: $3.38B.
What was Extra Space Storage's net income in fiscal 2025?
Extra Space Storage reported net income of $974.0M for fiscal 2025.
What was Extra Space Storage's earnings per share (EPS) in fiscal 2025?
Extra Space Storage's diluted EPS was $4.59 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Extra Space Storage generate in fiscal 2025?
Extra Space Storage generated $1.29B of free cash flow in fiscal 2025.
What was Extra Space Storage's revenue last quarter?
In its most recent reported quarter (2026 Q2), Extra Space Storage reported revenue of $874.2M.
How much debt does Extra Space Storage have?
Extra Space Storage reported $13.23B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Extra Space Storage are outstanding?
Extra Space Storage reported a weighted average of 211.0 million basic shares outstanding in 2026 Q2.
What is Extra Space Storage's market cap?
Based on its latest closing price, Extra Space Storage (EXR) has a market capitalization of about $29.47B.
When does Extra Space Storage's fiscal year end?
Extra Space Storage's fiscal year end, as registered with the SEC, is December 31.
Where is Extra Space Storage headquartered?
Extra Space Storage lists its business address in Salt Lake City, Utah in its SEC filings.