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Complete financial analysis of Extra Space Storage Inc. (EXR) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Extra Space Storage Inc., a leading company in the REIT – Industrial industry within the Real Estate sector.
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Extra Space Storage Inc. (EXR)
About Extra Space Storage Inc.
Extra Space Storage Inc., headquartered in Salt Lake City, Utah, is a self-administered and self-managed REIT and a member of the S&P 500. As of September 30, 2020, the Company owned and/or operated 1,906 self-storage stores in 40 states, Washington, D.C. and Puerto Rico. The Company's stores comprise approximately 1.4 million units and approximately 147.5 million square feet of rentable space. The Company offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage and business storage. The Company is the second largest owner and/or operator of self-storage stores in the United States and is the largest self-storage management company in the United States.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2.56B | 1.92B | 1.58B | 1.36B | 1.31B | 1.20B | 1.11B | 991.88M | 782.27M | 647.16M | 520.61M | 409.40M | 329.83M | 281.50M | 280.48M | 273.25M | 238.87M | 197.26M | 134.73M | 65.97M | 36.26M | 31.56M | 22.81M |
| Cost of Revenue | 670.91M | 468.90M | 398.10M | 387.11M | 365.43M | 317.40M | 291.15M | 265.56M | 217.00M | 182.84M | 149.03M | 121.90M | 101.62M | 92.67M | 88.94M | 89.59M | 0.00 | 64.35M | 30.56M | 16.96M | 0.00 | 0.00 | 0.00 |
| Gross Profit | 1.89B | 1.46B | 1.18B | 969.10M | 943.03M | 879.20M | 813.86M | 726.32M | 565.27M | 464.31M | 371.58M | 287.50M | 228.21M | 188.83M | 191.54M | 183.66M | 238.87M | 132.92M | 104.17M | 49.01M | 36.26M | 31.56M | 22.81M |
| Gross Profit Ratio | 73.80% | 75.63% | 74.76% | 71.46% | 72.07% | 73.47% | 73.65% | 73.23% | 72.26% | 71.75% | 71.37% | 70.23% | 69.19% | 67.08% | 68.29% | 67.21% | 100.00% | 67.38% | 77.32% | 74.29% | 100.00% | 100.00% | 100.00% |
| Research & Development | 0.00 | 0.49 | 0.55 | 0.41 | 0.33 | 0.39 | 0.45 | 0.44 | 0.00 | 0.00 | 0.00 | 0.00 | 2.90M | 1.24M | 19.01M | 1.73M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 146.41M | 129.25M | 102.19M | 96.59M | 89.42M | 81.26M | 78.96M | 81.81M | 67.76M | 60.94M | 54.25M | 50.45M | 49.68M | 44.43M | 46.02M | 40.43M | 36.72M | 35.60M | 24.08M | 12.47M | 8.30M | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 19.29M | 18.79M | 28.34M | 25.11M | 16.15M | 14.41M | 12.87M | 10.53M | 8.84M | 0.00 | 0.00 | 2.14M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 146.41M | 129.25M | 102.19M | 96.59M | 89.42M | 81.26M | 78.96M | 81.81M | 67.76M | 60.94M | 54.25M | 50.45M | 51.82M | 44.43M | 46.02M | 40.43M | 36.72M | 35.60M | 24.08M | 12.47M | 8.30M | 5.92M | 6.75M |
| Other Expenses | 0.00 | 288.32M | 241.88M | 224.44M | 219.86M | 209.05M | 193.30M | 182.56M | 133.46M | 115.08M | 95.23M | 74.45M | 58.01M | 52.35M | 52.40M | 49.57M | 118.35M | 102.01M | 78.29M | 38.83M | 0.00 | 0.00 | 20.23M |
| Operating Expenses | 719.19M | 417.57M | 344.07M | 321.04M | 309.28M | 290.31M | 272.26M | 264.37M | 201.22M | 176.02M | 149.48M | 124.91M | 112.73M | 98.01M | 119.65M | 181.31M | 155.07M | 137.61M | 102.37M | 51.30M | 34.90M | 25.15M | 20.23M |
| Cost & Expenses | 1.44B | 886.47M | 742.17M | 708.15M | 674.70M | 607.71M | 563.40M | 529.93M | 418.21M | 358.86M | 298.51M | 246.80M | 214.35M | 190.68M | 208.59M | 181.31M | 155.07M | 137.61M | 102.37M | 51.30M | 34.90M | 25.15M | 20.23M |
| Interest Income | 84.86M | 69.42M | 49.70M | 15.19M | 7.47M | 5.29M | 6.74M | 11.00M | 8.31M | 6.46M | 5.60M | 6.67M | 5.88M | 5.75M | 6.43M | 8.25M | 10.42M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 437.82M | 219.17M | 166.18M | 172.30M | 191.27M | 183.12M | 158.61M | 138.46M | 98.99M | 84.01M | 73.03M | 72.29M | 69.06M | 65.78M | 69.82M | 64.61M | 61.02M | 0.00 | 0.00 | 11.15M | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 506.05M | 886.47M | 771.66M | 734.64M | 704.08M | 633.42M | 582.58M | 542.79M | 133.46M | 115.08M | 95.23M | 74.45M | 58.01M | 50.35M | 52.40M | 49.57M | 39.80M | 37.17M | 31.01M | 15.55M | 6.81M | 5.65M | 3.11M |
| EBITDA | 1.79B | 1.33B | 1.11B | 894.87M | 864.88M | 812.40M | 750.23M | 661.40M | 509.87M | 404.09M | 320.37M | 224.94M | 174.75M | 144.40M | 145.40M | 54.42M | 39.80M | 96.82M | 63.36M | 52.10M | 8.17M | 12.06M | 5.69M |
| EBITDA Ratio | 70.01% | 74.67% | 73.88% | 67.10% | 66.67% | 68.33% | 68.50% | 74.36% | 66.61% | 65.58% | 73.11% | 69.66% | 54.38% | 52.19% | 46.61% | 52.31% | 51.74% | 49.08% | 47.03% | 48.50% | 22.53% | 38.23% | 24.93% |
| Operating Income | 1.17B | 1.05B | 975.95M | 666.14M | 634.96M | 619.70M | 541.61M | 449.84M | 294.66M | 278.47M | 213.48M | 157.24M | 115.48M | 90.82M | 71.89M | 91.94M | 83.80M | 59.65M | 32.35M | 11.15M | 1.36M | 6.41M | 2.58M |
| Operating Income Ratio | 45.70% | 54.59% | 61.87% | 49.12% | 48.53% | 51.79% | 49.01% | 45.35% | 37.67% | 43.03% | 41.01% | 38.41% | 35.01% | 32.26% | 25.63% | 33.65% | 35.08% | 30.24% | 24.01% | 16.90% | 3.76% | 20.32% | 11.32% |
| Total Other Income/Expenses | -298.13M | -108.32M | -77.87M | -134.75M | -172.53M | -163.38M | -136.55M | -45.37M | -73.97M | -75.00M | -17.94M | -24.14M | -55.90M | -53.28M | -35.46M | -45.06M | -49.21M | -43.79M | -37.32M | -10.90M | -919.00K | -6.41M | -2.58M |
| Income Before Tax | 872.01M | 942.08M | 898.08M | 531.39M | 462.43M | 456.32M | 517.85M | 412.94M | 220.68M | 203.47M | 195.54M | 133.10M | 52.29M | 30.78M | 36.43M | 46.89M | 34.58M | 14.88M | -4.97M | -18.46M | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 34.06% | 48.96% | 56.94% | 39.18% | 35.34% | 38.13% | 46.86% | 41.63% | 28.21% | 31.44% | 37.56% | 32.51% | 15.85% | 10.94% | 12.99% | 17.16% | 14.48% | 7.54% | -3.69% | -27.99% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 21.56M | 20.93M | 20.32M | 13.81M | 11.31M | 9.24M | 3.63M | 15.85M | 11.15M | 7.57M | 9.98M | 5.41M | 1.16M | 4.16M | 4.30M | 51.99M | -1.51M | -37.67M | -47.74M | 33.13M | 19.69M | 15.95M | 7.51M |
| Net Income | 803.20M | 860.69M | 827.65M | 481.78M | 419.97M | 415.29M | 479.01M | 366.13M | 189.47M | 178.36M | 172.08M | 117.31M | 50.45M | 26.33M | 31.98M | 46.89M | 36.09M | 14.88M | -4.97M | -18.46M | -18.33M | -9.54M | -4.92M |
| Net Income Ratio | 31.37% | 44.73% | 52.47% | 35.52% | 32.10% | 34.71% | 43.35% | 36.91% | 24.22% | 27.56% | 33.05% | 28.65% | 15.30% | 9.35% | 11.40% | 17.16% | 15.11% | 7.54% | -3.69% | -27.99% | -50.55% | -30.24% | -21.58% |
| EPS | 4.74 | 6.41 | 6.20 | 3.71 | 3.27 | 3.28 | 3.79 | 2.92 | 1.58 | 1.54 | 1.54 | 1.15 | 0.55 | 0.30 | 0.37 | 0.61 | 0.53 | 0.27 | -0.14 | -1.21 | -4.43 | -2.60 | -0.82 |
| EPS Diluted | 4.74 | 6.41 | 6.19 | 3.71 | 3.24 | 3.12 | 3.76 | 2.91 | 1.56 | 1.53 | 1.53 | 1.14 | 0.54 | 0.30 | 0.37 | 0.61 | 0.53 | 0.27 | -0.14 | -1.21 | -4.43 | -2.60 | -0.82 |
| Weighted Avg Shares Out | 169.22M | 134.05M | 133.37M | 129.54M | 128.20M | 126.66M | 125.97M | 125.09M | 119.82M | 115.71M | 111.35M | 102.29M | 92.10M | 87.32M | 86.34M | 76.56M | 64.69M | 55.00M | 35.48M | 15.28M | 4.14M | 3.67M | 6.04M |
| Weighted Avg Shares Out (Dil) | 169.22M | 141.68M | 140.02M | 129.58M | 136.43M | 133.16M | 134.16M | 125.95M | 126.92M | 121.44M | 111.69M | 106.52M | 96.68M | 92.05M | 91.08M | 81.91M | 70.50M | 59.29M | 35.48M | 15.28M | 4.14M | 3.67M | 6.04M |
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