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Overview

Extra Space Storage Inc.

EXRNYSEReal EstateReal Estate Investment TrustsCIK 0001289490Large-cap benchmark

Latest 10-K: FY2025, filed Feb 20, 2026 · Open the 10-K (Inline XBRL) ↗

Revenue
$3.38B
3.7%YoYup from FY2024
TotalRevenue
Gross profit
$2.46B
1.4%YoYup from FY2024
GrossProfit
Operating income
$1.41B
6.8%YoYup from FY2024
OperatingIncome
Net income
$0.97B
14.0%YoYup from FY2024
NetIncome
Diluted EPS
$4.59
13.9%YoYup from FY2024
EPSDiluted
Diluted shares
211.9M
0.1%YoYup from FY2024
WeightedAvgSharesDiluted

At a glance

Growth

  • Extra Space Storage Inc. reported revenue of $3.38B for fiscal 2025, up 3.7% from fiscal 2024.
  • Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.

Profitability

  • Operating margin was 41.8% and net margin was 28.8%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Per share

  • Diluted EPS was $4.59, up 13.9% from the prior year.
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Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 30, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Revenue
$3.38B3.7%up
Benchmark median 6.4%
$3.26B27.2%up
Benchmark median 4.5%
$2.56B33.1%up
Benchmark median 4.8%
$1.92B22.0%up
Benchmark median 10.3%
$1.58B16.3%up
Benchmark median 13.8%
21.0%
Benchmark median 6.6%
Gross Profit
Median of 315 / 498
$2.46B1.4%up
Benchmark median 6.8%
$2.43B24.5%up
Benchmark median 5.5%
$1.95B30.9%up
Benchmark median 5.2%
$1.49B23.2%up
Benchmark median 8.3%
$1.21B21.4%up
Benchmark median 15.7%
19.4%
Benchmark median 6.2%
Operating Income
Median of 373 / 498
$1.41B6.8%up
Benchmark median 7.3%
$1.32B13.1%up
Benchmark median 7.4%
$1.17B11.4%up
Benchmark median 4.9%
$1.05B7.6%up
Benchmark median 7.5%
$0.98B46.5%up
Benchmark median 23.5%
9.7%
Benchmark median 7.2%
Net Income
$974.00M14.0%up
Benchmark median 4.8%
$854.68M6.4%up
Benchmark median 5.7%
$803.20M6.7%down
Benchmark median 1.9%
$860.69M4.0%up
Benchmark median 1.3%
$827.65M71.8%up
Benchmark median 33.9%
4.2%
Benchmark median 4.1%
EPS (Diluted)
$4.5913.9%up
Benchmark median 6.2%
$4.0315.0%down
Benchmark median 7.9%
$4.7426.1%down
Benchmark median 1.9%
$6.413.6%up
Benchmark median 1.5%
$6.1966.8%up
Benchmark median 34.8%
-7.2%
Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Total Assets
$29.26B1.4%up
Benchmark median 5.6%
$28.85B5.1%up
Benchmark median 3.4%
$27.46B125.7%up
Benchmark median 4.1%
$12.17B16.2%up
Benchmark median 2.2%
$10.47B11.5%up
Benchmark median 6.7%
29.3%
Benchmark median 4.7%
Total Liabilities
Median of 357 / 498
$14.94B6.8%up
Benchmark median 6.4%
$13.99B16.2%up
Benchmark median 1.9%
$12.04B48.9%up
Benchmark median 2.9%
$8.09B20.9%up
Benchmark median 2.0%
$6.69B3.5%up
Benchmark median 5.2%
22.3%
Benchmark median 4.4%
Stockholders' Equity
$14.32B3.6%down
Benchmark median 6.8%
$14.86B3.6%down
Benchmark median 5.4%
$15.41B278.0%up
Benchmark median 7.3%
$4.08B7.7%up
Benchmark median 2.5%
$3.79B28.9%up
Benchmark median 9.0%
39.5%
Benchmark median 6.1%
Cash & Equivalents
$138.92M0.5%up
Benchmark median 5.2%
$138.22M39.5%up
Benchmark median 1.9%
$99.06M6.7%up
Benchmark median 6.7%
$92.87M30.6%up
Benchmark median -8.6%
$71.13M34.8%down
Benchmark median -2.9%
18.2%
Benchmark median 2.0%
Total Debt
—
$500.00M†
Benchmark median 0.2%
—
—
—
—
Benchmark median 4.3%

† Sum of short-term and long-term debt; the company files no total-debt line.

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line itemFY2025FY2024FY2023FY2022FY20214Y CAGR
Operating Cash Flow
$1.85B2.0%down
Benchmark median 6.3%
$1.89B34.6%up
Benchmark median 4.8%
$1.40B13.3%up
Benchmark median 9.9%
$1.24B30.0%up
Benchmark median -0.7%
$0.95B23.5%up
Benchmark median 10.7%
18.1%
Benchmark median 7.0%
Capital Expenditures
$0.56B17.3%up
Benchmark median 5.4%
$0.48B253.3%up
Benchmark median 2.8%
$0.14B88.6%down
Benchmark median 11.3%
$1.19B
Benchmark median 14.0%
—
—
Benchmark median 9.0%
Free Cash Flow
Median of 378 / 498
$1.29B8.5%down
Benchmark median 7.3%
$1.41B11.2%up
Benchmark median 6.1%
$1.27B2723.0%up
Benchmark median 8.8%
$0.04B
Benchmark median -11.3%
—
—
Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Valuation · Earnings yield

What a dollar of market value earned

3.5%

Wall Street

on net earnings

FY2024 2.7%

4.7%

Value investor

on free cash flow

FY2024 4.4%

Gap +1.2 pts: Value-investor figure 1.2 points higher

How it’s calculated

Wall Street · on net earnings

Diluted EPS ÷ fiscal-year-end share price (1 ÷ P/E)

pe_ratio (ratio table)

P/E 28.4×

Value investor · on free cash flow

(Operating cash flow − capital expenditures) ÷ market capitalisation (fiscal-year-end close × weighted-average diluted shares)

free cash flow ÷ market cap

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

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Smart money

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Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Peers, filings & research

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Research Reports

No published research on EXR yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on EXR and publish the result to your public profile.

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Cite this page

Data as of Oct 30, 2026. Canonical address: https://valuein.biz/data/EXR

APA-style text
Valuein. (2026, October 30). Extra Space Storage Inc. (EXR) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/EXR
BibTeX
@misc{valuein_exr_2026,
  author = {{Valuein}},
  title = {Extra Space Storage Inc. (EXR) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/EXR}},
  note = {Data as of 2026-10-30; source: SEC EDGAR filings}
}
Open 10-K in SEC Inline XBRL viewer

10-K filed Feb 20, 2026 · accession 0001289490-26-000011

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

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