Balance Sheet Extra Space Storage Inc.

Equities

EXR

US30225T1025

Specialized REITs

Market Closed - Nyse Other stock markets 16:00:03 2026-02-12 EST			5-day change	1st Jan Change
144.34 ^USD	+1.31%		+4.19%	+10.84%

02-10	Extra Space Storage sued by New York City over 'predatory' practices	RE
02-10	Extra Space Storage sued by NYC agency over pricing, other 'predatory' practices	RE

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Published financial data: EXTRA SPACE STORAGE INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Rental Revenues	1.16B	1.34B	1.65B	2.22B	2.8B
Property Management Fee	52.13M	66.26M	83.9M	102M	121M
Other Revenues, Total	169M	202M	227M	291M	414M
Total Revenues	1.38B	1.61B	1.97B	2.62B	3.34B
Property Expenses	359M	379M	450M	638M	791M
Selling General & Admin Expenses, Total	125M	121M	149M	179M	282M
Depreciation & Amortization - (IS) - (Collected)	224M	242M	288M	506M	783M
Total Operating Expenses	708M	742M	887M	1.32B	1.86B
Operating Income (REIT / Utility Template)	670M	868M	1.08B	1.29B	1.48B
Interest Expense, Total	-172M	-166M	-219M	-438M	-595M
Interest and Investment Income	15.19M	49.7M	69.42M	84.86M	124M
Net Interest Expenses	-157M	-116M	-150M	-353M	-471M
Other Non Operating Income (Expenses)	-	-	-	-	-
EBT, Excl. Unusual Items	513M	751M	929M	939M	1.01B
Total Merger & Related Restructuring Charges	-	-	-1.46M	-66.73M	-
Gain (Loss) on Sale of Investments	-	6.25M	-	-	-
Gain (Loss) on Sale of Assets	18.08M	141M	14.25M	-	-25.91M
Asset Writedown	-	-	-	-	-51.76M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	531M	898M	942M	872M	934M
Income Tax Expense	13.81M	20.32M	20.92M	21.56M	33.48M
Earnings From Continuing Operations	518M	878M	921M	850M	900M
Net Income to Company	518M	878M	921M	850M	900M
Minority Interest	-35.8M	-50.11M	-60.47M	-47.26M	-45.55M
Net Income - (IS)	482M	828M	861M	803M	855M
Preferred Dividend and Other Adjustments	706K	1.18M	1.2M	1.23M	1.5M
Net Income to Common Incl Extra Items	481M	826M	859M	802M	853M
Net Income to Common Excl. Extra Items	481M	826M	859M	802M	853M
Per Share Items
Net EPS - Basic	3.71	6.2	6.41	4.74	4.03
Basic EPS - Continuing Operations	3.71	6.2	6.41	4.74	4.03
Basic Weighted Average Shares Outstanding	130M	133M	134M	169M	212M
Net EPS - Diluted	3.71	6.19	6.41	4.74	4.03
Diluted EPS - Continuing Operations	3.71	6.19	6.41	4.74	4.03
Diluted Weighted Average Shares Outstanding	130M	140M	142M	169M	212M
Normalized Basic EPS	2.2	3.14	3.88	3.19	2.77
Normalized Diluted EPS	2.2	2.99	3.67	3.19	2.77
Dividend Per Share	3.6	4.5	6	6.48	6.48
Payout Ratio	97.09	72.61	93.57	130.27	160.88
American Depositary Receipts Ratio (ADR)	0.25	0.25	0.25	0.25	0.25
Supplemental Items
EBITDA	893M	1.11B	1.36B	1.79B	2.26B
EBITA	673M	872M	1.09B	1.35B	1.6B
EBIT	670M	868M	1.08B	1.29B	1.48B
EBITDAR	931M	1.14B	1.41B	1.84B	2.32B
Total Revenues (As Reported)	1.36B	1.58B	1.92B	2.56B	3.26B
Effective Tax Rate - (Ratio)	2.6	2.26	2.22	2.47	3.59
Current Domestic Taxes	18.9M	24.54M	25.14M	32.55M	44.27M
Total Current Taxes	18.9M	24.54M	25.14M	32.55M	44.27M
Deferred Domestic Taxes	655K	904K	1.83M	-3.25M	-1.38M
Total Deferred Taxes	655K	904K	1.83M	-3.25M	-1.38M
Normalized Net Income	285M	419M	520M	539M	587M
Interest on Long-Term Debt	14.19M	2.81M	4.02M	4.48M	4.72M
Supplemental Operating Expense Items
Advertising Expense	28.34M	18.79M	19.28M	32.8M	50.52M
Marketing Expenses	-	-	-	-	64.15M
Selling and Marketing Expenses	28.34M	18.79M	19.28M	32.8M	115M
General and Administrative Expenses	96.59M	102M	129M	146M	167M
Net Rental Expense, Total	37.84M	37.41M	43.5M	47.44M	58.59M
Imputed Operating Lease Interest Expense	9.06M	7.98M	10.95M	17.52M	22.84M
Imputed Operating Lease Depreciation	28.79M	29.43M	32.56M	29.91M	35.75M
Maintenance & Repair Expenses, Total	-	-	-	-	55.1M
Stock-Based Comp., G&A Exp. (Total)	16.32M	17.3M	21.38M	26.64M	28.99M
Stock-Based Comp., Other (Total)	-	-	1K	-	-
Total Stock-Based Compensation	16.32M	17.3M	21.39M	26.64M	28.99M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Gross Property Plant And Equipment	9.69B	10.78B	12.24B	27.11B	28.31B
Accumulated Depreciation	-1.55B	-1.74B	-1.99B	-2.31B	-2.98B
Net Property Plant And Equipment	8.13B	9.04B	10.24B	24.8B	25.34B
Land Held For Development Or Sale	3.37M	3.23M	-	-	-
Total Real Estate Assets	8.14B	9.05B	10.24B	24.8B	25.34B
Cash And Equivalents	109M	71.13M	92.87M	99.06M	138M
Accounts Receivable, Total	-	-	-	-	-
Other Receivables	4.89M	38.07M	152M	145M	136M
Investment In Debt and Equity Securities	300M	300M	300M	300M	300M
Goodwill	-	-	171M	171M	171M
Other Intangibles, Total	28.89M	36.74M	21.57M	148M	22.47M
Notes Receivable (Collected)	289M	381M	492M	595M	1.24B
Mortgage Loans	-	-	-	-	-
Restricted Cash	18.88M	5.07M	4.87M	6.02M	5.08M
Other Current Assets, Total	-	-	50.32M	85.15M	137M
Trading Asset Securities, Total	-	271K	54.84M	26.18M	15.73M
Deferred Charges Long-Term	-	-	4.85M	9.79M	7.55M
Other Long-Term Assets, Total	507M	596M	582M	1.07B	1.33B
Total Assets	9.4B	10.47B	12.17B	27.46B	28.85B
Liabilities
Current Portion of Long-Term Debt	-	-	-	648M	781M
Current Portion of Leases	30.85M	31.86M	37.15M	41.52M	53.96M
Short-Term Borrowings	462M	-	-	-	-
Long-Term Debt	5.38B	6B	7.33B	10.37B	11.54B
Long-Term Leases	288M	326M	337M	339M	794M
Trust Preferred Securities (BS)	-	-	-	-	-
Accounts Payable, Total	130M	142M	172M	335M	347M
Current Income Taxes Payable	-	-	-	-	-
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	47.13M	63.58M	67.35M	71.07M	75.32M
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non-Current	-	-	-	-	-
Other Non Current Liabilities	119M	127M	144M	235M	396M
Total Liabilities	6.46B	6.69B	8.09B	12.04B	13.99B
Common Stock, Total	1.31M	1.34M	1.34M	2.11M	2.12M
Additional Paid In Capital	3B	3.29B	3.35B	14.75B	14.83B
Retained Earnings	-355M	-128M	-136M	-379M	-899M
Comprehensive Income and Other	-99.09M	-42.55M	48.8M	17.44M	12.81M
Total Common Equity	2.55B	3.12B	3.26B	14.39B	13.95B
Minority Interest	388M	669M	819M	1.02B	912M
Total Equity	2.94B	3.79B	4.08B	15.41B	14.86B
Total Liabilities And Equity	9.4B	10.47B	12.17B	27.46B	28.85B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	132M	134M	135M	212M	212M
ECS Total Common Shares Outstanding	131M	134M	134M	211M	212M
Book Value / Share	19.4	23.27	24.34	68.11	65.79
Tangible Book Value	2.52B	3.08B	3.07B	14.07B	13.75B
Tangible Book Value Per Share	19.18	23	22.9	66.61	64.88
Total Debt	6.16B	6.36B	7.71B	11.4B	13.17B
Net Debt	6.05B	6.28B	7.56B	11.28B	13.02B
Debt Equivalent Oper. Leases	303M	299M	348M	380M	469M
Minority Interest, Total (Incl. Fin. Div)	388M	669M	819M	1.02B	912M
Equity Method Investments, Total	397M	457M	582M	1.07B	1.33B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	1.95B	2.15B	2.36B	4.9B	4.99B
Buildings, Total	7.36B	8.23B	9.43B	21.66B	22.34B
Machinery, Total	-	-	42.81M	48.7M	50.36M
Full Time Employees	4.01K	4.31K	4.78K	7.62K	8.01K

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	482M	828M	861M	803M	855M
Depreciation, Depletion & Amortization	221M	235M	269M	441M	663M
Amortization of Goodwill and Intangible Assets - (CF)	2.26M	4.78M	13.98M	59.81M	115M
Total Depreciation, Depletion & Amortization	223M	239M	283M	501M	778M
Amortization of Deferred Charges, Total	14.63M	13.02M	13.92M	43.11M	65.7M
(Gain) Loss On Sale of Asset - (CF)	-18.08M	-141M	-14.25M	-	25.91M
Total Asset Writedown	-	-	-	-	51.76M
(Income) Loss On Equity Investments - (CF)	6.89M	784K	13.16M	20.06M	17.02M
Stock-Based Compensation (CF)	16.28M	17.3M	21.39M	26.64M	22.91M
Change in Accounts Receivable	-	-	-	-	-
Change in Accounts Payable	17.97M	10.95M	29.03M	35.03M	964K
Change in Other Net Operating Assets (Collected)	-42K	-33.38M	7.08M	-35.59M	56.79M
Other Operating Activities	28.92M	17.43M	23.96M	9.35M	13.99M
Cash from Operations	771M	952M	1.24B	1.4B	1.89B
Acquisition of Real Estate Assets, Total	-395M	-1.29B	-1.38B	-437M	-800M
Sale of Real Estate Assets, Total	44.02M	573M	39.37M	2.13M	125M
Net Sale / Acquisition of Real Estate Assets	-351M	-720M	-1.34B	-435M	-675M
Cash Acquisitions	-	-	-157M	-1.18B	-
Investment in Marketable and Equity Securities, Total	-364M	-23.07M	-119M	-180M	-287M
Other Investing Activities, Total	-240M	-94.02M	-35.56M	-20.81M	-686M
Cash from Investing	-955M	-838M	-1.65B	-1.82B	-1.65B
Long-Term Debt Issued, Total	3.28B	5.71B	5.58B	8.66B	9.99B
Total Debt Issued	3.28B	5.71B	5.58B	8.66B	9.99B
Long-Term Debt Repaid, Total	-2.59B	-5.5B	-4.21B	-7.09B	-8.72B
Total Debt Repaid	-2.59B	-5.5B	-4.21B	-7.09B	-8.72B
Issuance of Common Stock	124M	278M	-	-	365K
Repurchase of Common Stock	-67.87M	-	-63.01M	-	-
Common Dividends Paid	-468M	-601M	-805M	-1.05B	-1.38B
Common & Preferred Stock Dividends Paid	-468M	-601M	-805M	-1.05B	-1.38B
Other Financing Activities, Total	-38.6M	-50.58M	-76.23M	-105M	-89.14M
Cash from Financing	241M	-167M	432M	423M	-202M
Net Change in Cash	57.28M	-51.82M	21.54M	7.35M	38.22M
Supplemental Items
Cash Interest Paid	160M	152M	197M	339M	499M
Cash Income Tax Paid (Refund)	5.18M	26.25M	18.96M	22.75M	33.77M
Net Debt Issued / Repaid	691M	207M	1.38B	1.57B	1.26B
Levered Free Cash Flow	314M	622M	714M	1.12B	730M
Unlevered Free Cash Flow	409M	715M	842M	1.36B	1.04B
Change In Net Working Capital	244M	82.83M	119M	-35.07M	676M

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	4.67	5.46	5.96	4.07	3.29
Return on Total Capital	4.82	5.65	6.19	4.2	3.39
Return On Equity %	17.67	26.12	23.43	8.73	5.95
Return on Common Equity	18.91	29.18	26.96	9.09	6.02
Margin Analysis
Gross Profit Margin %	73.98	76.44	77.12	75.6	76.31
SG&A Margin	9.06	7.52	7.56	6.85	8.45
EBITDA Margin %	64.8	68.77	69.3	68.54	67.7
EBITA Margin %	48.8	54.19	55.61	51.68	47.83
EBIT Margin %	48.63	53.89	54.9	49.39	44.4
Income From Continuing Operations Margin %	37.54	54.53	46.86	32.52	26.97
Net Income Margin %	34.95	51.42	43.79	30.71	25.61
Net Avail. For Common Margin %	34.9	51.34	43.73	30.67	25.56
Normalized Net Income Margin	20.68	26.05	26.47	20.63	17.57
Levered Free Cash Flow Margin	22.81	38.62	36.31	42.95	21.87
Unlevered Free Cash Flow Margin	29.67	44.41	42.83	51.97	31.2
Asset Turnover
Asset Turnover	0.15	0.16	0.17	0.13	0.12
Fixed Assets Turnover	0.17	0.19	0.2	0.15	0.13
Receivables Turnover (Average Receivables)	-	-	-	-	-
Short Term Liquidity
Current Ratio	0.63	2.09	3.07	0.87	1.33
Quick Ratio	0.17	0.46	1.09	0.25	0.23
Operating Cash Flow to Current Liabilities	1.15	4.01	4.48	1.28	1.5
Days Sales Outstanding (Average Receivables)	-	-	-	-	-
Average Days Payable Outstanding	123.13	131.01	127.41	144.77	157.6
Long Term Solvency
Total Debt/Equity	209.91	167.86	188.96	73.97	88.63
Total Debt / Total Capital	67.73	62.67	65.39	42.52	46.99
LT Debt/Equity	193.12	167.02	188.04	69.5	83.01
Long-Term Debt / Total Capital	62.32	62.35	65.08	39.95	44.01
Total Liabilities / Total Assets	68.75	63.86	66.48	43.86	48.49
EBIT / Interest Expense	3.89	5.22	4.92	2.95	2.49
EBITDA / Interest Expense	5.4	6.89	6.41	4.2	3.9
(EBITDA - Capex) / Interest Expense	5.36	6.86	6.31	4.17	3.86
Total Debt / EBITDA	6.62	5.55	5.48	6.2	5.68
Net Debt / EBITDA	6.5	5.49	5.38	6.13	5.61
Total Debt / (EBITDA - Capex)	6.67	5.57	5.57	6.25	5.73
Net Debt / (EBITDA - Capex)	6.55	5.51	5.47	6.18	5.66
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.46	16.77	22.11	33.04	27.64
Gross Profit, 1 Yr. Growth %	4.12	20.65	23.2	30.42	26.03
EBITDA, 1 Yr. Growth %	3.29	23.92	23.13	31.58	26.07
EBITA, 1 Yr. Growth %	3.23	29.68	25.3	23.65	18.14
EBIT, 1 Yr. Growth %	3.94	29.4	24.38	19.71	14.73
Earnings From Cont. Operations, 1 Yr. Growth %	14.73	69.59	4.94	-7.68	5.85
Net Income, 1 Yr. Growth %	14.72	71.79	3.99	-6.68	6.41
Diluted EPS Before Extra, 1 Yr. Growth %	14.67	66.96	3.45	-26.04	-14.97
Normalized Net Income, 1 Yr. Growth %	10.86	47.12	24.09	3.67	8.73
Net Property, Plant and Equip., 1 Yr. Growth %	2.31	11.16	12.85	142.17	2.17
Accounts Receivable, 1 Yr. Growth %	-	-	-	-	-
Total Assets, 1 Yr. Growth %	10.12	11.48	16.16	125.65	5.07
Common Equity, 1 Yr. Growth %	0.31	22.32	4.59	341.49	-3.08
Tangible Book Value, 1 Yr. Growth %	0.34	22.34	-1.06	358.81	-2.26
Cash From Operations, 1 Yr. Growth %	8.98	23.5	30	13.27	34.58
Capital Expenditures, 1 Yr. Growth %	-8.64	-48.41	524	-29.95	28.26
Levered Free Cash Flow, 1 Yr. Growth %	-37.38	97.7	42.98	57.36	-35.02
Unlevered Free Cash Flow, 1 Yr. Growth %	-32.38	74.77	42.11	61.42	-23.37
Dividend Per Share, 1 Yr. Growth %	1.12	25	33.33	8	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.69	10.44	19.41	27.46	30.31
Gross Profit, 2 Yr. CAGR %	5.87	12.08	21.92	26.76	28.51
EBITDA, 2 Yr. CAGR %	4.86	13.13	23.38	27.11	28.55
EBITA, 2 Yr. CAGR %	4.81	15.7	27.47	20.72	20.86
EBIT, 2 Yr. CAGR %	5.41	15.97	26.87	22.02	17.19
Earnings From Cont. Operations, 2 Yr. CAGR %	7.6	39.49	33.41	-1.57	-1.14
Net Income, 2 Yr. CAGR %	7.71	40.38	33.66	-1.49	-0.35
Diluted EPS Before Extra, 2 Yr. CAGR %	6.47	38.37	31.42	-12.53	-20.7
Normalized Net Income, 2 Yr. CAGR %	10.33	27.71	35.12	13.43	6.17
Net Property, Plant and Equip., 2 Yr. CAGR %	4.33	6.65	12.2	65.31	57.29
Accounts Receivable, 2 Yr. CAGR %	-	-	-	-	-
Total Assets, 2 Yr. CAGR %	9.42	10.8	13.8	61.9	53.98
Common Equity, 2 Yr. CAGR %	2.74	10.77	13.11	114.89	106.86
Tangible Book Value, 2 Yr. CAGR %	2.38	10.76	10.38	113.06	111.76
Cash From Operations, 2 Yr. CAGR %	6.67	16.01	26.7	21.35	23.47
Capital Expenditures, 2 Yr. CAGR %	28.48	-31.35	79.41	109.07	-5.21
Levered Free Cash Flow, 2 Yr. CAGR %	-26.25	11.27	50.66	50	1.12
Unlevered Free Cash Flow, 2 Yr. CAGR %	-22.07	8.71	43.47	51.46	11.22
Dividend Per Share, 2 Yr. CAGR %	3.51	12.43	29.1	20	3.92
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.16	9.95	14.2	23.79	27.52
Gross Profit, 3 Yr. CAGR %	6.53	10.59	15.67	24.69	27.45
EBITDA, 3 Yr. CAGR %	5.99	10.86	16.35	26.05	26.76
EBITA, 3 Yr. CAGR %	5.6	12.52	18.82	26.18	19.85
EBIT, 3 Yr. CAGR %	6.38	12.87	18.71	24.43	19.54
Earnings From Cont. Operations, 3 Yr. CAGR %	0.22	25.22	26.87	18	0.85
Net Income, 3 Yr. CAGR %	0.19	25.84	27.02	18.57	1.08
Diluted EPS Before Extra, 3 Yr. CAGR %	-0.48	23.69	25.58	8.5	-13.35
Normalized Net Income, 3 Yr. CAGR %	9.35	21.43	26.49	23.7	11.84
Net Property, Plant and Equip., 3 Yr. CAGR %	4.62	6.56	8.8	45	40.81
Accounts Receivable, 3 Yr. CAGR %	-	-	-	-	-
Total Assets, 3 Yr. CAGR %	7.99	10.1	12.56	42.97	40.17
Common Equity, 3 Yr. CAGR %	2.72	8.89	8.67	78.09	64.79
Tangible Book Value, 3 Yr. CAGR %	2.54	8.62	6.91	77.48	64.32
Cash From Operations, 3 Yr. CAGR %	8.89	12.01	20.5	22.06	25.61
Capital Expenditures, 3 Yr. CAGR %	-3.2	-5.22	43.27	31.13	77.65
Levered Free Cash Flow, 3 Yr. CAGR %	-13.02	2.45	12.44	52.87	13.5
Unlevered Free Cash Flow, 3 Yr. CAGR %	-9.91	2.01	11.65	49.22	20.68
Dividend Per Share, 3 Yr. CAGR %	4.89	10.23	19.01	21.64	12.92
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	11.65	9.88	11.9	16.64	20.39
Gross Profit, 5 Yr. CAGR %	11.64	10.35	12.44	16.79	21.06
EBITDA, 5 Yr. CAGR %	11.87	10.85	12.67	17.15	21.18
EBITA, 5 Yr. CAGR %	11.63	11.78	13.86	17.15	19.63
EBIT, 5 Yr. CAGR %	12.24	12.62	14.14	16.44	18.1
Earnings From Cont. Operations, 5 Yr. CAGR %	19.82	17.19	12.37	13.72	14.82
Net Income, 5 Yr. CAGR %	20.52	17.72	12.43	14.1	15.27
Diluted EPS Before Extra, 5 Yr. CAGR %	18.85	16.33	11.23	7.68	4.49
Normalized Net Income, 5 Yr. CAGR %	12.35	17.21	19.01	18.17	17.93
Net Property, Plant and Equip., 5 Yr. CAGR %	7.48	6.12	7.59	27.11	26.09
Accounts Receivable, 5 Yr. CAGR %	-	-	-	-	-
Total Assets, 5 Yr. CAGR %	9.13	8.11	10.28	28.46	27.59
Common Equity, 5 Yr. CAGR %	4.05	6.78	6.76	42.92	40.58
Tangible Book Value, 5 Yr. CAGR %	3.81	6.75	5.6	42.4	40.52
Cash From Operations, 5 Yr. CAGR %	15.99	12.05	15.69	15.65	21.68
Capital Expenditures, 5 Yr. CAGR %	-0.79	-5.93	23.9	30.06	21.45
Levered Free Cash Flow, 5 Yr. CAGR %	-3.68	9.28	8.36	14.21	7.77
Unlevered Free Cash Flow, 5 Yr. CAGR %	-1	8.87	8.52	15.07	11.48
Dividend Per Share, 5 Yr. CAGR %	9.95	8.96	13.97	14.04	12.73