Extra Space Storage Inc (EXR) Financial Statements

Extra Space Storage Inc

EXR · NYSE

	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018
Total Revenue	$129.48M	$120.86M	$101.99M	$83.90M	$66.26M	$52.13M	$49.89M	$41.76M
Cost of Revenue	$918.15M	$831.57M	$612.04M	$435.34M	$368.61M	$360.62M	$336.05M	$291.69M
Selling, General & Administrative	$186.34M	$167.40M	$146.41M	$129.25M	$102.19M	$96.59M	$89.42M	$81.26M
Operating Expenses	$1.89B	$1.86B	$1.39B	$888.02M	$742.17M	$708.15M	$674.70M	$607.71M
Operating Income	$1.41B	$1.32B	$1.17B	$1.05B	$975.95M	$666.14M	$634.96M	$619.70M
Interest Expense	—	—	$419.04M	$219.17M	$166.18M	$17.15M	$22.71M	$178.44M
Income Before Taxes	$940.76M	$852.71M	$817.18M	$900.65M	$859.47M	$509.03M	$451.16M	$441.87M
Provision for Income Taxes	$41.56M	$33.48M	$21.56M	$20.93M	$20.32M	$13.81M	$11.31M	$9.24M
Net Income	$974.00M	$854.68M	$803.20M	$860.69M	$827.65M	$481.78M	$419.97M	$415.29M
Basic EPS	$4.59	$4.03	$4.74	$6.41	$6.20	$3.71	$3.27	$3.29
Diluted EPS	$4.59	$4.03	$4.74	$6.41	$6.19	$3.71	$3.24	$3.27
Basic Shares Outstanding	211.85M	211.58M	169.22M	134.05M	133.37M	129.54M	128.20M	126.09M
Diluted Shares Outstanding	211.85M	211.58M	169.22M	141.68M	140.02M	129.58M	136.43M	133.16M

Analyst Estimates

Period	Consensus EPS	Low	High	Estimates	Revisions
Dec 2026	$8.31	$8.27	$8.39	5	↑1 ↓0
Dec 2027	$8.44	$8.00	$8.67	8	↑1 ↓1
Dec 2028	$8.71	$8.63	$8.79	2	↑1 ↓0

Forward estimates are the sell-side consensus reported by Nasdaq, not a metir forecast.

Symbol: EXR
Type: Stock
Sector: Real Estate
Industry: Real Estate Investment Trusts
Country: North America
Exchange: NYSE

Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of June 30, 2026, the Company owned and/or operated 4,410 self-storage stores in 42 states and Washington, D.C. The Company's stores comprise approximately 3 million units and approximately 341 million square feet of rentable space operating under the Extra Space brand. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. It is the largest operator of self-storage properties in the United States.

Key Issues

Bullish view

Second-quarter core FFO rose 4.9% to $2.15 per share, while same-store revenue growth accelerated and expenses declined modestly, supporting continued improvement.

Bearish view

The evidence covers only one quarter and provides no forward guidance or additional operating detail to establish that the improvement will persist.

Analyst Consensus

See all

Hold

15 analysts

$149

Current

—

Low

$157

Average

—

High

Average target implies +5.05% versus the current price.

Earnings History

BeatMissNo estimate

Peers

Crown Castle Inc.CCI · NYSE$72.74