EXR · XBRL financial data
Extra Space Storage financial statements, every fiscal year
The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.
How these numbers work
- Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
- Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
- * marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
- 0 means a filing states zero; a dash (—) means no filing states that number.
- “year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
- Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
- Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
- Shares outstanding come from each filing's cover page, as of the date printed there.
- Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.
Income statement
CSVFiscal years (EXR's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue | 1,356 | 1,577 | 1,924 | 2,560 | 3,257 | 3,378 |
| Revenue from contracts with customers | 52 | 66 | 84 | 102 | 121 | 129 |
| Cost of revenue | 361 | 369 | 435 | 612 | 832 | 918 |
| General and administrative | 97 | 102 | 129 | 146 | 167 | 186 |
| Operating income (loss) | 666 | 976 | 1,050 | 1,170 | 1,323 | 1,413 |
| Interest income | 15 | 50 | 69 | 85 | 124 | 163 |
| Interest expense | 17 | 166 | 219 | 419 | — | — |
| Income tax expense (benefit) | 14 | 20 | 21 | 22 | 33 | 42 |
| Net income (loss) | 482 | 828 | 861 | 803 | 855 | 974 |
| Earnings per share, basic USD per share | 3.71 | 6.20 | 6.41 | 4.74 | 4.03 | 4.59 |
| Earnings per share, diluted USD per share | 3.71 | 6.19 | 6.41 | 4.74 | 4.03 | 4.59 |
| Weighted average shares, basic millions of shares | 130 | 133 | 134 | 169 | 212 | 212 |
| Weighted average shares, diluted millions of shares | 130 | 140 | 142 | 169 | 212 | 212 |
Balance sheet
CSVFiscal years (EXR's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 109 | 71 | 93 | 99 | 138 | 139 |
| Property and equipment, net | — | 29 | 43 | 49 | 50 | 65 |
| Right-of-use asset | 252 | 228 | 222 | 227 | 690 | 732 |
| Goodwill | — | 0 | 171 | 171 | 171 | 171 |
| Total assets | 9,396 | 10,474 | 12,167 | 27,456 | 28,848 | 29,264 |
| Commercial paper | — | — | — | — | 500 | — |
| Total liabilities | 6,460 | 6,689 | 8,089 | 12,042 | 13,989 | 14,940 |
| Accumulated deficit | (355) | (128) | (136) | (379) | (899) | (1,449) |
| Total stockholders' equity | 2,548 | 3,116 | 3,260 | 14,391 | 13,948 | 13,433 |
| Total liabilities and equity | 9,396 | 10,474 | 12,167 | 27,456 | 28,848 | 29,264 |
| Common shares outstanding (cover page) millions of shares | 132 | 134 | 135 | 212 | 212 | 211 |
Cash flows
CSVFiscal years (EXR's year ends in late December)
| In millions of dollars | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Net income (loss) | 482 | 828 | 861 | 803 | 855 | 974 |
| Stock-based compensation | 16 | 17 | 21 | 27 | 23 | 36 |
| Depreciation and amortization | — | 242 | 288 | 506 | 783 | 715 |
| Net cash from operating activities | 771 | 952 | 1,238 | 1,402 | 1,887 | 1,850 |
| Net cash from investing activities | (955) | (838) | (1,648) | (1,818) | (1,647) | (814) |
| Proceeds from issuing common stock | 103 | 273 | 0 | 0 | — | — |
| Proceeds from issuing equity | — | — | 0 | 0 | 0 | 0 |
| Share repurchases | 68 | 0 | 63 | 0 | 0 | 150 |
| Dividends paid | 468 | 601 | 805 | 1,046 | 1,375 | 1,374 |
| Net cash from financing activities | 241 | (167) | 432 | 423 | (202) | (1,036) |
| Net change in cash | 57 | (52) | 22 | 7 | 38 | (0) |
Compare with peers
SIC 6798 and related industry codes, similar size. Each row is the latest quarter reported.
How peers are chosen
- SIC 6798 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
- Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
- * marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
- A cell reading “not reported” means the filings give no figure for that quarter alone.
| Company | Cash ($M) | Revenue, quarter ($M) | Operating cash flow, quarter ($M) | Shares outstanding | Quarter |
|---|---|---|---|---|---|
| Extra Space Storage | 115 | 35 | 467* | 208.7M | 10-QSep 30, 2026 |
| Iron Mountain | 205 | 2,029 | 549* | 297.7M | 10-QJun 30, 2026 |
| City Office REIT | 21 | 37 | 13* | 40.4M | 10-QSep 30, 2025 |
| Avalonbay Communities | 81 | 778 | 364* | 142.8M | 10-QJun 30, 2026 |
| Ventas | 202 | 1,832 | 490* | 528.8M | 10-QSep 30, 2026 |
| Inland Real Estate Income Trust | 11 | 38 | 14* | 36.0M | 10-QJun 30, 2026 |
| Vici Properties | 270 | 1,065 | 655* | 1.1B | 10-QSep 30, 2026 |
| EagleRock Land | 62 | 42 | not reported | not reported | 10-QJun 30, 2026 |
| Vivmark Residential | 36 | not reported | 302* | 374.9M | 10-QJun 30, 2026 |
Not investment advice. Not affiliated with the U.S. SEC.