Extra Space Storage Inc

Extra Space Storage Inc

161.04
USD
+4.81
(+3.08%)
27.47BMarket Cap
Feb 24Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.68
5.59
6.53
7.93
8.77
9.49
10.21
10.47
11.83
14.35
15.13
15.39
15.94
- -
Basic EPS, GAAP
1.55
1.54
1.58
2.93
3.8
3.29
3.28
3.72
6.21
6.42
4.75
4.04
4.6
- -
Free Cash Flow per Basic Share
2.38
2.88
3
4.27
4.68
5.34
5.46
5.9
7.11
9.07
8.19
8.82
8.63
- -
Dividend per Share
1.46
1.82
2.25
2.94
3.12
3.37
3.57
3.61
4.51
6.01
6.18
6.5
6.49
4.86
Book Value per Share
15.19
14.93
16.83
17.83
18.66
18.99
19.61
19.4
23.27
24.34
68.11
65.79
63.62
61.5
Tangible Book Value per Share
14.49
14.17
15.99
16.85
17.65
17.95
18.57
18.35
23.15
22.9
66.61
64.88
62.91
59.17
Basic Weighted Avg Shares
111
116
120
125
126
126
128
130
133
134
169
212
212
211
Sales/Revenue/Turnover
521
647
782
992
1,105
1,197
1,308
1,356
1,577
1,924
2,560
3,257
3,378
- -
Operating Margin (%)
42.66
44.55
46.54
46.57
49.01
49.21
48.44
47.78
52.95
53.93
48.31
43.02
44.09
- -
Depreciation Expense
95
115
133
183
193
209
220
224
242
288
506
783
715
- -
Net Income, GAAP
172
178
189
366
479
415
420
482
828
861
803
855
974
- -
Effective Tax Rate (%)
5.11
3.72
5.05
3.84
0.7
2.03
2.45
2.6
2.26
2.22
2.47
3.59
3.91
- -
Profit Margin (%)
33.05
27.56
24.22
36.91
43.35
34.71
32.1
35.52
52.47
44.73
31.37
26.24
28.84
- -
Working Capital
137
-69
-12
-392
-110
-155
-200
-704
-123
-392
-158
-122
239
-213
LT Debt
1,949
2,212
3,500
3,941
4,460
4,731
5,163
5,061
5,656
6,615
10,571
11,666
12,768
12,748
Total Equity
1,932
1,912
2,373
2,596
2,724
2,785
2,922
2,936
3,786
4,078
15,414
14,859
14,324
13,762
Return on Invested Capital (%)
5.78
6.58
5.5
6.88
9.16
8.16
7.82
7.55
10.08
9.5
5.96
4.68
4.83
- -
Return on Capital (%)
6.5
5.94
5.18
7.31
8.48
7.57
7.27
7.14
9.93
9.39
6.18
5.07
5.47
- -
Return on Common Equity (%)
10.59
10.2
9.9
16.9
20.85
17.43
16.96
18.94
29.22
27
9.1
6.03
7.11
- -

Capital Structure

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
ST Debt
1,153
- -
1,424
LT Borrowings
12,018
- -
11,982
LT Finance Leases
770
- -
766
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
211
211
209
Market Capitalization
27,694
30,698
27,470

Working Capital

USD

•

in mil. unless spec.
Mar'26
Jun'26
Sep'26
Total Current Assets
1,809
- -
1,746
Cash, Cash Equivalents & STI
139
- -
115
Accounts Receivable, Net
115
- -
117
Inventories
- -
- -
- -
Total Current Liabilities
1,602
- -
1,959
Payables & Accruals
449
- -
535
ST Debt
1,153
- -
1,424
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
32.94%
61.48%
-3.6%
Free Cash Flow
18.51%
19.79%
-2.03%
Net Income, GAAP
21.61%
17.89%
13.96%
Sales/Revenue/Turnover
16.18%
20.45%
3.7%
Total Cash Common Dividend
18.52%
24.75%
-0.05%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
800
811
825
822
3,257
2025
820
842
858
857
3,378
2026
856
- -
890
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.01
0.88
0.91
1.24
4.04
2025
1.28
1.18
0.78
1.36
4.6
2026
1.14
- -
1.18
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.63
1.62
1.62
1.62
6.5
2025
1.62
1.62
1.62
1.62
6.49
2026
1.63
- -
1.62
- -
- -

Company Description

CEO
Joseph D. Margolis
Full Time Employees
8,393
Sector
Finance
Industry
Real estate investment trusts
Address
2795 East Cottonwood Parkway Salt Lake City UT United States 84121-7033
IPO Date
Aug 12, 2004
Business
Extra Space Storage Inc. (NYSE: EXR), headquartered in Salt Lake City, Utah, and founded in 1977, operates as a self-administered and self-managed real estate investment trust (REIT) and member of the S&P 500, ranking as the largest owner and operator of self-storage properties in the United States; as of June 30, 2025, the company owns and/or operates 4,179 self-storage stores across 43 states and Washington, D.C., encompassing approximately 2.9 million units and 321.5 million square feet of rentable space under the Extra Space Storage brand. It provides a broad array of storage solutions to individual and business customers, including personal self-storage units in various sizes from small closet-sized to large garage-sized options with climate-controlled, drive-up access, and 24-hour availability features; business storage for inventory, records, and equipment with flexible lease terms, package acceptance, and customized solutions; vehicle storage encompassing enclosed garage-style parking, outdoor covered or uncovered spaces for boats and RVs; moving supplies such as boxes, tape, bubble wrap, and locks; tenant insurance protecting against loss or damage from theft, fire, or water; and truck rental partnerships for convenient transportation. The company serves diverse markets including residential movers, downsizers, declutterers, small businesses, retailers, and enterprises, with operations emphasizing secure, clean facilities supported by advanced technology for online reservations, payments, Bluetooth gate access, and dynamic revenue management. In recent developments, Extra Space Storage completed its transformative merger with Life Storage in 2023, an all-stock transaction that expanded its portfolio to over 3,500 locations initially and solidified its position as the top self-storage operator by store count and square footage, generating significant synergies in general and administrative expenses, property operations, and tenant insurance income; the company surpassed 4,000 stores nationwide by early 2025 through ongoing acquisition initiatives, including 55 operating facilities and three certificate-of-occupancy stores for $581 million in direct investments plus joint venture acquisitions totaling $360 million in 2024, alongside increased ownership in existing ventures; earlier milestones include the 2015 internalization of its management platform for enhanced operational control and revenue optimization, as well as prior acquisitions like Storage USA in 2005 and SmartStop Self Storage in 2013 that bolstered its national footprint and third-party management capabilities.

Company News

  • Extra Space Storage Inc. (EXR) Q3 2026 Earnings Call Transcript

  • Extra Space Storage Q3 Earnings Call Highlights

  • EXR's Q3 Core FFO Improves on Strong Same-Store NOI, Outlook Raised

  • 3 Self-Storage REITs With Steady Rent Checks and Very Different Dividend Risks

  • Extra Space Storage: Better Results, Still Not A Buy

  • Extra Space Storage (EXR) Reports Q3 Earnings: What Key Metrics Have to Say

  • Extra Space Storage (EXR) Beats Q3 FFO and Revenue Estimates

  • Extra Space Storage Inc. Reports 2026 Third Quarter Results

  • Extra Space Storage Stock Pre-Q3 Earnings: Smart Buy or Risky Move?

  • APLE vs. EXR: Which Stock Is the Better Value Option?

  • Reviewing Mobile Infrastructure (NASDAQ:BEEP) & Extra Space Storage (NYSE:EXR)

  • What To Watch This REIT Earnings Season

  • AI Reality Check, Inflation Stress Test

  • Self Storage REITs Are Collecting Rent From Americans Who Cannot Let Go

  • Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 3rd Quarter Results

  • Key Reasons to Add Extra Space Storage Stock to Your Portfolio Now

  • The REIT Conundrum

  • Extra Space Storage: A Great REIT At The Wrong Time

  • What Makes Extra Space Storage (EXR) a New Buy Stock

  • Extra Space Storage Inc $EXR Shares Acquired by Squarepoint Ops LLC