EXR

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Extra Space Storage Inc

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Key Metrics

Previous Close: $147.91
52-Week Range: $125.71 – $158.88
Market Cap: $32.50B
P/E (TTM): 32.51
EPS (TTM): 4.53
Dividend Yield: 4.38%

Advanced Metrics

Price/Book: 2.35
PEG Ratio: 6.39
Return on Equity: 6.95%
Return on Assets: 3.36%
Gross Margin: 74.92%
Operating Margin: 45.88%
Profit Margin: 27.28%
Current Ratio: 0.89
Debt/Equity: 1.02
Total Debt: $14.41B
Free Cash Flow: $1.50B
Revenue Growth: 3.80%
Earnings Growth: 6.00%
Enterprise Value: $45.89B

EXR Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$1.92B	$2.56B	$3.26B	$3.38B
Cost of Revenue	$468.90M	$670.91M	$905.45M	$987.02M
Gross Profit	$1.46B	$1.89B	$2.35B	$2.39B
Selling, General & Admin	$129.25M	$146.41M	$167.40M	$186.34M
Operating Expenses	$417.57M	$652.46M	$950.42M	$901.52M
Operating Income	$1.04B	$1.24B	$1.40B	$1.49B
EBITDA	$1.45B	$1.82B	$2.31B	$2.41B
Pretax Income	$942.08M	$872.01M	$933.71M	$1.06B
Income Tax	$20.93M	$21.56M	$33.48M	$41.56M
Net Income	$860.69M	$803.20M	$854.68M	$974.00M
Diluted EPS	2.14	1.58	1.34	1.53
Diluted Shares	425.04M	507.66M	634.73M	635.55M

EXR Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$92.87M	$99.06M	$138.22M	$138.92M
Receivables	$643.99M	$739.49M	$1.38B	$1.65B
Current Assets	$792.04M	$929.72M	$1.66B	$1.89B
Total Assets	$12.17B	$27.46B	$28.85B	$29.26B
Current Liabilities	$1.18B	$1.09B	$1.78B	$1.66B
Long-Term Debt	$6.39B	$10.33B	$10.96B	$12.01B
Total Debt	$7.56B	$11.25B	$13.03B	$13.99B
Total Liabilities	$8.09B	$12.04B	$13.99B	$14.94B
Retained Earnings	-$135.87M	-$379.01M	-$899.34M	-$1.45B
Shareholders' Equity	$3.26B	$14.39B	$13.95B	$13.43B
Working Capital	-$391.99M	-$157.87M	-$122.34M	$239.20M
Net Debt	$7.24B	$10.92B	$12.18B	$13.09B

EXR Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$1.24B	$1.40B	$1.89B	$1.85B
Capital Expenditure	-$22.83M	-$15.99M	-$20.51M	-$21.14M
Free Cash Flow	$1.22B	$1.39B	$1.87B	$1.83B
Depreciation & Amortisation	$288.32M	$506.05M	$783.02M	$715.18M
Stock-Based Compensation	$21.39M	$26.48M	$28.99M	$35.54M
Investing Cash Flow	-$1.65B	-$1.82B	-$1.65B	-$814.21M
Financing Cash Flow	$431.86M	$423.13M	-$202.29M	-$1.04B
Dividends Paid	-$805.31M	-$1.05B	-$1.38B	-$1.37B
Share Repurchases	-$67.51M	-$5.38M	$0.00	-$149.55M
Net Change in Cash	$21.54M	$7.35M	$38.22M	-$123.00K

EXR Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$841.62M	$858.46M	$857.47M	$856.03M	—
Cost of Revenue	$244.57M	$253.27M	$248.49M	$256.17M	—
Gross Profit	$597.05M	$605.19M	$608.98M	$599.86M	—
Selling, General & Admin	$44.95M	$43.48M	$51.94M	$46.51M	—
Operating Expenses	$222.22M	$220.94M	$232.03M	$232.30M	—
Operating Income	$374.83M	$384.25M	$376.95M	$367.55M	—
EBITDA	$609.52M	$525.20M	$651.71M	$608.86M	—
Pretax Income	$274.35M	$186.00M	$309.83M	$263.21M	—
Income Tax	$11.64M	$11.96M	$8.97M	$10.79M	—
Net Income	$249.73M	$166.00M	$287.39M	$240.98M	—
Diluted EPS	0.39	0.26	1.36	0.38	0.42
Diluted Shares	635.82M	663.91M	221.05M	660.97M	661.09M

EXR Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$119.56M	$125.05M	$111.93M	$138.92M	$138.99M
Receivables	$1.49B	$1.68B	$1.68B	$1.65B	$1.57B
Current Assets	$1.74B	$1.90B	$1.95B	$1.89B	$1.81B
Total Assets	$28.99B	$29.37B	$29.23B	$29.26B	$29.10B
Current Liabilities	$1.41B	$1.22B	$1.49B	$1.66B	$1.60B
Long-Term Debt	$11.56B	$12.20B	$11.96B	$12.01B	$12.02B
Total Debt	$13.25B	$13.65B	$13.66B	$13.99B	$13.94B
Total Liabilities	$14.22B	$14.69B	$14.74B	$14.94B	$14.89B
Retained Earnings	-$972.66M	-$1.08B	-$1.25B	-$1.45B	-$1.55B
Shareholders' Equity	$13.89B	$13.79B	$13.62B	$13.43B	$13.33B
Working Capital	$325.79M	$681.96M	$457.29M	$239.20M	$207.20M
Net Debt	$12.42B	$12.78B	$12.79B	$13.09B	$13.03B

EXR Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$481.40M	$543.86M	$457.13M	$367.80M	$489.86M
Capital Expenditure	-$4.27M	-$4.13M	-$7.30M	-$5.43M	-$2.85M
Free Cash Flow	$477.13M	$539.73M	$449.83M	$362.36M	$487.00M
Depreciation & Amortisation	$180.36M	$177.27M	$177.47M	$180.09M	$185.79M
Stock-Based Compensation	$7.17M	$8.51M	$7.06M	$12.80M	$7.61M
Investing Cash Flow	-$342.04M	-$272.22M	-$83.41M	-$116.55M	-$47.50M
Financing Cash Flow	-$159.62M	-$266.00M	-$386.18M	-$224.30M	-$442.13M
Dividends Paid	-$344.20M	-$343.88M	-$343.85M	-$342.37M	-$342.75M
Share Repurchases	$0.00	-$8.62M	$0.00	-$140.93M	-$7.44M
Net Change in Cash	-$20.25M	$5.64M	-$12.45M	$26.95M	$225.00K

Market Snapshot

About

Extra Space Storage Inc. is one of the largest self-storage real estate investment trusts (REITs) in the United States, owning and operating self-storage properties across the country. The company provides storage solutions for both residential and commercial customers, offering various unit sizes and climate-controlled options at its facilities. Extra Space Storage also manages properties for third-party owners, expanding its footprint beyond owned assets. The REIT generates revenue primarily through rental income from storage units and ancillary services such as tenant insurance and moving supplies.