Extra Space Storage Financial Statements
NYSE: EXRReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Extra Space Storage revenue and earnings
In fiscal 2025, Extra Space Storage generated $3.38 billion in revenue, up 3.7% from fiscal 2024, its 17th consecutive year of revenue growth. Net income was $974.0 million (+14.0% year over year), for a net margin of 28.8% versus a median of 35.5% in the prior 5 years. Gross margin was 72.8% (down from 74.5%) and operating margin 41.8%.
Diluted earnings per share came in at $4.59, up from $4.03. Over the last 5 fiscal years, EXR's revenue has grown at a 20.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Extra Space Storage income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3.38B | 3.26B | 2.56B | 1.92B | 1.58B | 1.36B | 1.31B | 1.20B | 1.11B | 991.88M |
| Revenue growth (YoY) | +3.70% | +27.21% | +33.06% | +21.99% | +16.31% | +3.65% | +9.35% | +8.29% | +11.41% | +26.79% |
| Cost of Revenue | 918.15M | 831.57M | 612.04M | 435.34M | 368.61M | 360.62M | 336.05M | 291.69M | 271.97M | 250.00M |
| Gross Profit | 2.46B | 2.43B | 1.95B | 1.49B | 1.21B | 995.60M | 972.40M | 904.91M | 833.03M | 741.87M |
| Operating Expenses | 1.05B | 1.10B | 778.07M | 438.43M | 232.80M | 329.46M | 337.45M | 285.21M | 178.64M | 283.57M |
| Operating Income | 1.41B | 1.32B | 1.17B | 1.05B | 975.95M | 666.14M | 634.96M | 619.70M | 654.39M | 458.30M |
| Interest Expense | — | — | 419.04M | 219.17M | 166.18M | 17.15M | 22.71M | 178.44M | 153.51M | 133.48M |
| Pretax Income | 940.76M | 852.71M | 817.18M | 900.65M | 859.47M | 509.03M | 451.16M | 441.87M | 502.52M | 330.84M |
| Income Tax | 41.56M | 33.48M | 21.56M | 20.93M | 20.32M | 13.81M | 11.31M | 9.24M | 3.63M | 15.85M |
| Net Income | 974.00M | 854.68M | 803.20M | 860.69M | 827.65M | 481.78M | 419.97M | 415.29M | 479.01M | 366.13M |
| Net Income growth (YoY) | +13.96% | +6.41% | -6.68% | +3.99% | +71.79% | +14.72% | +1.13% | -13.30% | +30.83% | +93.23% |
| EPS (Basic) | 4.59 | 4.03 | 4.74 | 6.41 | 6.20 | 3.71 | 3.27 | 3.29 | 3.79 | 2.92 |
| EPS (Diluted) | 4.59 | 4.03 | 4.74 | 6.41 | 6.19 | 3.71 | 3.24 | 3.27 | 3.76 | 2.91 |
| Shares Outstanding (Basic) | 211.85M | 211.58M | 169.22M | 134.05M | 133.37M | 129.54M | 128.20M | 126.09M | 125.97M | 125.09M |
| Shares Outstanding (Diluted) | 211.85M | 211.58M | 169.22M | 141.68M | 140.02M | 129.58M | 136.43M | 133.16M | 134.16M | 125.95M |
| EBITDA | 2.13B | 2.11B | 1.68B | 1.34B | 1.22B | — | 854.82M | 828.75M | 847.69M | 640.86M |
| Gross Margin | 72.82% | 74.47% | 76.09% | 77.38% | 76.63% | 73.41% | 74.32% | 75.62% | 75.39% | 74.79% |
| Operating Margin | 41.83% | 40.63% | 45.70% | 54.59% | 61.87% | 49.12% | 48.53% | 51.79% | 59.22% | 46.21% |
| Net Margin | 28.84% | 26.24% | 31.37% | 44.73% | 52.47% | 35.52% | 32.10% | 34.71% | 43.35% | 36.91% |
This table shows 10 annual periods of Extra Space Storage's income statement, from FY 2025 back to FY 2016, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow EXR's reporting calendar. What is a income statement?