What is Extra Space Storage Inc's earnings per share (EPS)?

Extra Space Storage Inc (EXR) reported diluted earnings per share of $4.59 for fiscal year 2025. This represents a 13.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Extra Space Storage Inc Financials

EXR

Trailing 12 months to June 30, 2026

Revenue $3.4B +4.2% YoY

Net Income $957.8M -1.9% YoY

EPS (Diluted) $4.53 -1.7% YoY

Free Cash Flow $1.5B +27.5% YoY

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Extra Space Storage Inc (EXR) reported $3.4B in revenue over the twelve months to Jun 30, 2026, up 4.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI EXR FY2025 2026-05-01

Asset-heavy cash generation supports large shareholder payouts, leaving cash balances lean and the model dependent on recurring property cash flow.

FY2025 dividends paid of $1.37B were higher than net income of $974M, which helps explain why retained earnings stayed negative even while the company remained profitable. Operating cash flow still covered those payouts better than accounting earnings, showing the business is managed around recurring cash collection more than reported profit.

From FY2023 to FY2025, revenue growth came with margin compression: gross margin slipped from 76.1% to 72.8%, so added scale raised profit dollars without making each new revenue dollar more lucrative. That pattern fits a lower-margin mix or higher operating cost intensity more than simple fixed-cost absorption.

FY2025 ended with just $139M of cash against $29.3B of assets, so day-to-day flexibility comes more from steady cash conversion than from a large cash reserve. Because operating cash flow stayed above net income, the earnings stream looks more cash-backed than the income statement alone suggests.

Financial Health Signals

Financial Health Score 43/100

Scored as: REITs peer group

Scored against REITs for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Extra Space Storage Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

FFO Margin

FFO Growth

Leverage

Not available for Extra Space Storage Inc, and counted as zero in the overall score.

Interest Cov.

Not available for Extra Space Storage Inc, and counted as zero in the overall score.

AFFO Margin

Dividend Cov.

Piotroski F-Score Partial

6/7

Extra Space Storage Inc passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.90x

For every $1 of reported earnings, Extra Space Storage Inc generates $1.90 in operating cash flow ($1.9B OCF vs $974.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$3.4B

YoY+3.7%

5Y CAGR+20.0%

Extra Space Storage Inc generated $3.4B in revenue in fiscal year 2025. This represents an increase of 3.7% from the prior year.

EBITDA

$2.1B

YoY+1.0%

Extra Space Storage Inc's EBITDA was $2.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.0% from the prior year.

Net Income

$974.0M

YoY+14.0%

5Y CAGR+15.1%

10Y CAGR+17.8%

Extra Space Storage Inc reported $974.0M in net income in fiscal year 2025. This represents an increase of 14.0% from the prior year.

EPS (Diluted)

$4.59

YoY+13.9%

5Y CAGR+4.3%

10Y CAGR+11.4%

Extra Space Storage Inc earned $4.59 per diluted share (EPS) in fiscal year 2025. This represents an increase of 13.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$1.3B

YoY-8.5%

Extra Space Storage Inc generated $1.3B in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 8.5% from the prior year.

Cash & Debt

$138.9M

YoY+0.5%

5Y CAGR+4.9%

10Y CAGR+6.2%

Extra Space Storage Inc held $138.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.

Dividends Per Share

$6.48

YoY0.0%

5Y CAGR+12.5%

10Y CAGR+11.2%

Extra Space Storage Inc paid $6.48 per share in dividends in fiscal year 2025. That is unchanged from the prior year.

Shares Outstanding

211M

YoY-0.4%

5Y CAGR+9.8%

10Y CAGR+5.4%

Extra Space Storage Inc had 211M shares outstanding in fiscal year 2025. This represents a decrease of 0.4% from the prior year.

Margins & Returns

Gross Margin

72.8%

YoY-1.7pp

5Y CAGR-0.6pp

Extra Space Storage Inc's gross margin was 72.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the prior year.

Operating Margin

41.8%

YoY+1.2pp

5Y CAGR-7.3pp

Extra Space Storage Inc's operating margin was 41.8% in fiscal year 2025, reflecting core business profitability. This is up 1.2 percentage points from the prior year.

Net Margin

28.8%

YoY+2.6pp

5Y CAGR-6.7pp

Extra Space Storage Inc's net profit margin was 28.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.6 percentage points from the prior year.

Return on Equity

7.2%

YoY+1.1pp

5Y CAGR-11.7pp

10Y CAGR-1.8pp

Extra Space Storage Inc's ROE was 7.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.1 percentage points from the prior year.

Capital Allocation

Share Buybacks

$149.5M

5Y CAGR+17.1%

Extra Space Storage Inc spent $149.5M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures

$561.7M

YoY+17.3%

Extra Space Storage Inc invested $561.7M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 17.3% from the prior year.

R&D Spending

Not reported for fiscal year 2025.

EXR Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

EXR quarterly income statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Revenue	$3.4B	$3.4B+3.7%	$3.3B+27.2%	$2.6B+33.1%	$1.9B+22.0%	$1.6B+16.3%	$1.4B+3.6%	$1.3B+9.3%	$1.2B+8.3%	$1.1B+11.4%	$991.9M	N/A	N/A	N/A	N/A	N/A
Cost of Revenue	$937.0M	$918.1M+10.4%	$831.6M+35.9%	$612.0M+40.6%	$435.3M+18.1%	$368.6M+2.2%	$360.6M+7.3%	$336.1M+15.2%	$291.7M+7.3%	$272.0M+8.8%	$250.0M+22.6%	$204.0M+18.3%	$172.4M+23.1%	$140.0M+22.8%	$114.0M+19.4%	$95.5M
Gross Profit	$2.5B	$2.5B+1.4%	$2.4B+24.5%	$1.9B+30.9%	$1.5B+23.2%	$1.2B+21.4%	$995.6M+2.4%	$972.4M+7.5%	$904.9M+8.6%	$833.0M+12.3%	$741.9M	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$189.2M	$186.3M+11.3%	$167.4M+14.3%	$146.4M+13.3%	$129.3M+26.5%	$102.2M+5.8%	$96.6M+8.0%	$89.4M+10.0%	$81.3M+2.9%	$79.0M-3.5%	$81.8M+20.7%	$67.8M+11.2%	$60.9M+12.3%	$54.2M+7.5%	$50.5M+1.6%	$49.7M
Operating Income	$1.4B	$1.4B+6.8%	$1.3B+13.1%	$1.2B+11.4%	$1.1B+7.6%	$976.0M+46.5%	$666.1M+4.9%	$635.0M+2.5%	$619.7M-5.3%	$654.4M+42.8%	$458.3M+55.5%	$294.7M+5.8%	$278.5M+30.4%	$213.5M+35.8%	$157.2M+36.2%	$115.5M
Interest Expense	N/A	N/A	N/A	$419.0M+91.2%	$219.2M+31.9%	$166.2M+868.9%	$17.2M-24.5%	$22.7M-87.3%	$178.4M+16.2%	$153.5M+15.0%	$133.5M+39.5%	$95.7M+17.6%	$81.3M+13.5%	$71.6M-0.3%	$71.8M+6.8%	$67.3M
Income Tax	$43.8M	$41.6M+24.1%	$33.5M+55.3%	$21.6M+3.0%	$20.9M+3.0%	$20.3M+47.2%	$13.8M+22.1%	$11.3M+22.3%	$9.2M+155.0%	$3.6M-77.1%	$15.8M+42.2%	$11.1M+47.3%	$7.6M-24.2%	$10.0M+84.4%	$5.4M+368.7%	$1.2M
Net Income	$957.8M	$974.0M+14.0%	$854.7M+6.4%	$803.2M-6.7%	$860.7M+4.0%	$827.6M+71.8%	$481.8M+14.7%	$420.0M+1.1%	$415.3M-13.3%	$479.0M+30.8%	$366.1M+93.2%	$189.5M+6.2%	$178.4M+3.6%	$172.1M+46.7%	$117.3M+132.5%	$50.4M
EPS (Diluted)	$4.53	$4.59+13.9%	$4.03-15.0%	$4.74-26.1%	$6.41+3.6%	$6.19+66.8%	$3.71+14.5%	$3.24-0.9%	$3.27-13.0%	$3.76+29.2%	$2.91+86.5%	$1.56+2.0%	$1.530.0%	$1.53+34.2%	$1.14+111.1%	$0.54

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Revenue	$874.2M+2.1%	$856.0M-0.2%	$857.5M-0.1%	$858.5M+2.0%	$841.6M+2.6%	$820.0M-0.2%	$821.9M-0.4%	$824.8M
Cost of Revenue	$231.7M-2.8%	$238.3M+3.0%	$231.5M-1.7%	$235.5M+3.5%	$227.6M+1.8%	$223.6M+1.1%	$221.1M+5.8%	$209.0M
Gross Profit	$642.4M+4.0%	$617.7M-1.3%	$626.0M+0.5%	$623.0M+1.5%	$614.0M+2.9%	$596.4M-0.7%	$600.8M-2.4%	$615.8M
SG&A Expenses	$47.3M+1.7%	$46.5M-10.5%	$51.9M+19.5%	$43.5M-3.3%	$45.0M-2.2%	$46.0M+4.4%	$44.0M+10.8%	$39.8M
Operating Income	$392.2M+6.7%	$367.6M-0.9%	$370.9M+32.9%	$279.1M-25.4%	$374.0M-3.8%	$388.7M+2.3%	$380.0M+25.5%	$302.7M
Income Tax	$12.1M+11.9%	$10.8M+20.3%	$9.0M-25.0%	$12.0M+2.8%	$11.6M+29.4%	$9.0M+49.0%	$6.0M-44.4%	$10.9M
Net Income	$263.5M+9.3%	$241.0M-16.2%	$287.4M+73.1%	$166.0M-33.5%	$249.7M-7.8%	$270.9M+3.2%	$262.5M+35.9%	$193.2M
EPS (Diluted)	$1.25+9.6%	$1.14-16.2%	$1.36+74.4%	$0.78-33.9%	$1.18-7.8%	$1.28+3.2%	$1.24+36.3%	$0.91

Not reported in any period shown, so not listed: R&D Expenses, Interest Expense.

EXR Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

EXR quarterly balance sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Total Assets	$29.3B+1.4%	$28.8B+5.1%	$27.5B+125.7%	$12.2B+16.2%	$10.5B+11.5%	$9.4B+10.1%	$8.5B+8.7%	$7.8B+5.2%	$7.5B+5.2%	$7.1B+16.8%	$6.1B+38.6%	$4.4B+10.2%	$4.0B+23.4%	$3.2B+28.0%	$2.5B
Cash & Equivalents	$138.9M+0.5%	$138.2M+39.5%	$99.1M+6.7%	$92.9M+30.6%	$71.1M-34.8%	$109.1M+66.0%	$65.7M+14.3%	$57.5M+3.3%	$55.7M+27.0%	$43.9M-42.1%	$75.8M+59.0%	$47.7M-62.4%	$126.7M+311.6%	$30.8M+16.2%	$26.5M
Accounts Receivable	$142.1M+9.5%	$129.7M-3.7%	$134.7M+56.8%	$85.9M+3.5%	$83.0M	N/A	N/A	N/A	N/A	N/A	$46.8M+46.4%	$31.9M+21.6%	$26.3M+32.2%	$19.9M+28.0%	$15.5M
Goodwill	$170.8M0.0%	$170.8M0.0%	$170.8M0.0%	$170.8M	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$14.9B+6.8%	$14.0B+16.2%	$12.0B+48.9%	$8.1B+20.9%	$6.7B+3.5%	$6.5B+15.1%	$5.6B+10.8%	$5.1B+6.9%	$4.7B+5.4%	$4.5B+21.5%	$3.7B+49.7%	$2.5B+20.8%	$2.0B+21.9%	$1.7B+16.2%	$1.4B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$604.3M	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$13.4B-3.7%	$13.9B-3.1%	$14.4B+341.5%	$3.3B+4.6%	$3.1B+22.3%	$2.5B+0.3%	$2.5B+5.2%	$2.4B+2.7%	$2.4B+4.7%	$2.2B+7.5%	$2.1B+20.2%	$1.7B-1.2%	$1.8B+17.9%	$1.5B+46.4%	$1.0B
Retained Earnings	-$1.4B-61.1%	-$899.3M-137.3%	-$379.0M-179.0%	-$135.9M-5.9%	-$128.2M+63.9%	-$354.9M-17.9%	-$301.0M-14.5%	-$262.9M-3.8%	-$253.3M+25.3%	-$339.3M-0.5%	-$337.6M-31.0%	-$257.7M-14.0%	-$226.0M+3.9%	-$235.1M+11.0%	-$264.1M

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Total Assets	$29.7B+1.9%	$29.1B-0.6%	$29.3B+0.1%	$29.2B-0.5%	$29.4B+1.3%	$29.0B+0.5%	$28.8B+2.8%	$28.1B
Cash & Equivalents	$695.2M+400.2%	$139.0M0.0%	$138.9M+24.1%	$111.9M-10.5%	$125.0M+4.6%	$119.6M-13.5%	$138.2M+55.4%	$88.9M
Accounts Receivable	$114.7M-0.6%	$115.4M-18.8%	$142.1M+6.8%	$133.1M-1.3%	$134.8M+16.2%	$116.1M-10.6%	$129.7M+15.1%	$112.7M
Goodwill	$170.8M0.0%	$170.8M0.0%	$170.8M0.0%	$170.8M0.0%	$170.8M0.0%	$170.8M0.0%	$170.8M0.0%	$170.8M
Total Liabilities	$15.5B+4.0%	$14.9B-0.4%	$14.9B+1.4%	$14.7B+0.3%	$14.7B+3.3%	$14.2B+1.6%	$14.0B+6.7%	$13.1B
Total Equity	$13.3B-0.6%	$13.3B-0.7%	$13.4B-1.4%	$13.6B-1.3%	$13.8B-0.7%	$13.9B-0.4%	$13.9B-0.5%	$14.0B
Retained Earnings	-$1.6B-5.1%	-$1.6B-7.1%	-$1.4B-15.6%	-$1.3B-16.5%	-$1.1B-10.6%	-$972.7M-8.2%	-$899.3M-10.0%	-$817.9M

Not reported in any period shown, so not listed: Current Assets, Inventory, Current Liabilities, Long-Term Debt.

EXR Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.

EXR quarterly cash flow statement

Metric	TTM	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Operating Cash Flow	$1.9B	$1.9B-2.0%	$1.9B+34.6%	$1.4B+13.3%	$1.2B+30.0%	$952.4M+23.5%	$771.2M+9.0%	$707.7M+4.4%	$677.8M+13.5%	$597.4M+10.8%	$539.3M+46.8%	$367.3M+8.8%	$337.6M+24.4%	$271.3M+25.7%	$215.9M+49.7%	$144.2M
Capital Expenditures	$363.1M	$561.7M+17.3%	$479.1M+253.3%	$135.6M-88.6%	$1.2B	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	$1.5B	$1.3B-8.5%	$1.4B+11.2%	$1.3B+2723.0%	$44.9M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$375.7M	-$814.2M+50.6%	-$1.6B+9.4%	-$1.8B-10.3%	-$1.6B-96.8%	-$837.5M+12.3%	-$955.4M-53.7%	-$621.6M-40.0%	-$443.9M-25.7%	-$353.1M+66.3%	-$1.0B+35.5%	-$1.6B-187.8%	-$564.9M	N/A	N/A	N/A
Financing Cash Flow	-$954.2M	-$1.0B-412.2%	-$202.3M-147.8%	$423.1M-2.0%	$431.9M+359.0%	-$166.7M-169.0%	$241.5M+374.4%	-$88.0M+64.4%	-$247.3M-14.5%	-$216.0M-146.9%	$460.8M-64.2%	$1.3B+767.4%	$148.3M	N/A	N/A	N/A
Dividends Paid	$1.4B	$1.4B-0.1%	$1.4B+31.4%	$1.0B+29.9%	$805.3M+34.0%	$601.0M+28.5%	$467.8M+2.1%	$458.1M+7.8%	$424.9M+8.1%	$393.0M+6.9%	$367.8M+36.6%	$269.3M+28.2%	$210.1M+28.9%	$163.0M+84.6%	$88.3M+69.7%	$52.0M
Share Buybacks	$142.4M	$149.5M	$0	$0-100.0%	$63.0M	$0-100.0%	$67.9M	$0	$0	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Operating Cash Flow	$586.4M+19.7%	$489.9M+33.2%	$367.8M-19.5%	$457.1M-15.9%	$543.9M+13.0%	$481.4M+17.9%	$408.3M-12.8%	$468.4M
Capital Expenditures	$86.8M+602.3%	$12.4M-95.1%	$251.0M+1839.1%	$12.9M-92.0%	$161.7M+38.1%	$117.1M-54.6%	$258.1M+63.1%	$158.2M
Free Cash Flow	$499.6M+4.6%	$477.5M+308.9%	$116.8M-73.7%	$444.2M+16.2%	$382.1M+4.9%	$364.3M+142.6%	$150.2M-51.6%	$310.1M
Investing Cash Flow	-$128.3M-170.0%	-$47.5M+59.2%	-$116.6M-39.7%	-$83.4M+69.4%	-$272.2M+20.4%	-$342.0M+55.5%	-$769.4M-582.5%	-$112.7M
Financing Cash Flow	$98.4M+122.2%	-$442.1M-97.1%	-$224.3M+41.9%	-$386.2M-45.2%	-$266.0M-66.6%	-$159.6M-138.9%	$410.1M+219.6%	-$342.8M
Dividends Paid	$342.0M-0.2%	$342.8M+0.1%	$342.4M-0.4%	$343.8M0.0%	$343.9M-0.1%	$344.2M+0.1%	$344.0M+0.2%	$343.4M
Share Buybacks	$0-100.0%	$1.4M-99.0%	$140.9M	$0-100.0%	$8.6M	$0	$0	$0

EXR Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples.

EXR quarterly financial ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17	FY16	FY15	FY14	FY13	FY12	FY11
Gross Margin	72.8%-1.7pp	74.5%-1.6pp	76.1%-1.3pp	77.4%+0.8pp	76.6%+3.2pp	73.4%-0.9pp	74.3%-1.3pp	75.6%+0.2pp	75.4%+0.6pp	74.8%	N/A	N/A	N/A	N/A	N/A
Operating Margin	41.8%+1.2pp	40.6%-5.1pp	45.7%-8.9pp	54.6%-7.3pp	61.9%+12.8pp	49.1%+0.6pp	48.5%-3.3pp	51.8%-7.4pp	59.2%+13.0pp	46.2%	N/A	N/A	N/A	N/A	N/A
Net Margin	28.8%+2.6pp	26.2%-5.1pp	31.4%-13.4pp	44.7%-7.7pp	52.5%+17.0pp	35.5%+3.4pp	32.1%-2.6pp	34.7%-8.6pp	43.4%+6.4pp	36.9%	N/A	N/A	N/A	N/A	N/A
Return on Equity	7.2%+1.1pp	6.1%+0.5pp	5.6%-20.8pp	26.4%-0.2pp	26.6%+7.7pp	18.9%+2.4pp	16.5%-0.7pp	17.2%-3.2pp	20.4%+4.1pp	16.3%+7.2pp	9.1%-1.2pp	10.3%+0.5pp	9.8%+1.9pp	7.9%+2.9pp	5.0%
Return on Assets	3.3%+0.4pp	3.0%0.0pp	2.9%-4.1pp	7.1%-0.8pp	7.9%+2.8pp	5.1%+0.2pp	4.9%-0.4pp	5.3%-1.1pp	6.4%+1.3pp	5.2%+2.0pp	3.1%-1.0pp	4.1%-0.3pp	4.3%+0.7pp	3.6%+1.6pp	2.0%
Debt-to-Equity	1.11+0.1x	1.00+0.2x	0.84-1.6x	2.48+0.3x	2.15-0.4x	2.54+0.3x	2.21+0.1x	2.10+1.8x	0.26-1.7x	2.00+0.2x	1.77+0.3x	1.42+0.3x	1.160.0x	1.12-0.3x	1.42
FCF Margin	38.1%-5.1pp	43.2%-6.2pp	49.5%+47.2pp	2.3%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24
Gross Margin	73.5%+1.3pp	72.2%-0.8pp	73.0%+0.4pp	72.6%-0.4pp	73.0%+0.2pp	72.7%-0.4pp	73.1%-1.6pp	74.7%
Operating Margin	44.9%+1.9pp	42.9%-0.3pp	43.3%+10.7pp	32.5%-11.9pp	44.4%-3.0pp	47.4%+1.2pp	46.2%+9.5pp	36.7%
Net Margin	30.1%+2.0pp	28.1%-5.4pp	33.5%+14.2pp	19.3%-10.3pp	29.7%-3.4pp	33.0%+1.1pp	31.9%+8.5pp	23.4%
Return on Equity	2.0%+0.2pp	1.8%-0.3pp	2.1%+0.9pp	1.2%-0.6pp	1.8%-0.1pp	1.9%+0.1pp	1.9%+0.5pp	1.4%
Return on Assets	0.9%+0.1pp	0.8%-0.1pp	1.0%+0.4pp	0.6%-0.3pp	0.9%-0.1pp	0.9%0.0pp	0.9%+0.2pp	0.7%
Debt-to-Equity	1.17+0.1x	1.120.0x	1.110.0x	1.080.0x	1.070.0x	1.020.0x	1.00+0.1x	0.94
FCF Margin	57.1%+1.4pp	55.8%+42.2pp	13.6%-38.1pp	51.7%+6.3pp	45.4%+1.0pp	44.4%+26.2pp	18.3%-19.3pp	37.6%

Not reported in any period shown, so not listed: Current Ratio.

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Where Extra Space Storage Inc Ranks

Frequently Asked Questions

What is Extra Space Storage Inc's annual revenue?

Extra Space Storage Inc (EXR) reported $3.4B in total revenue for fiscal year 2025. This represents a 3.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Extra Space Storage Inc's revenue growing?

Extra Space Storage Inc (EXR) revenue grew by 3.7% year-over-year, from $3.3B to $3.4B in fiscal year 2025.

Is Extra Space Storage Inc profitable?

Yes, Extra Space Storage Inc (EXR) reported a net income of $974.0M in fiscal year 2025, with a net profit margin of 28.8%.

What is Extra Space Storage Inc's EBITDA?

Extra Space Storage Inc (EXR) had EBITDA of $2.1B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Extra Space Storage Inc's gross margin?

Extra Space Storage Inc (EXR) had a gross margin of 72.8% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Extra Space Storage Inc's operating margin?

Extra Space Storage Inc (EXR) had an operating margin of 41.8% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Extra Space Storage Inc's net profit margin?

Extra Space Storage Inc (EXR) had a net profit margin of 28.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Extra Space Storage Inc pay dividends?

Yes, Extra Space Storage Inc (EXR) paid $6.48 per share in dividends during fiscal year 2025.

What is Extra Space Storage Inc's return on equity (ROE)?

Extra Space Storage Inc (EXR) has a return on equity of 7.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Extra Space Storage Inc's free cash flow?

Extra Space Storage Inc (EXR) generated $1.3B in free cash flow during fiscal year 2025. This represents a -8.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Extra Space Storage Inc's operating cash flow?

Extra Space Storage Inc (EXR) generated $1.9B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Extra Space Storage Inc's total assets?

Extra Space Storage Inc (EXR) had $29.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Extra Space Storage Inc's capital expenditures?

Extra Space Storage Inc (EXR) invested $561.7M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Extra Space Storage Inc buy back shares?

Yes, Extra Space Storage Inc (EXR) spent $149.5M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Extra Space Storage Inc have outstanding?

Extra Space Storage Inc (EXR) had 211M shares outstanding as of fiscal year 2025.

What is Extra Space Storage Inc's debt-to-equity ratio?

Extra Space Storage Inc (EXR) had a debt-to-equity ratio of 1.11 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Extra Space Storage Inc's return on assets (ROA)?

Extra Space Storage Inc (EXR) had a return on assets of 3.3% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Extra Space Storage Inc's Piotroski F-Score?

Extra Space Storage Inc (EXR) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Extra Space Storage Inc's earnings high quality?

Extra Space Storage Inc (EXR) has an earnings quality ratio of 1.90x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Extra Space Storage Inc?

Extra Space Storage Inc (EXR) scores 43 out of 100 on our Financial Health Score, indicating moderate standing within its REITs peer group. The score is a 0-100 composite of six dimensions (FFO Margin, FFO Growth, Leverage, Interest Cov., AFFO Margin, Dividend Cov.), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.