Extra Space Storage

Real Estate Self-Storage REITs Salt Lake City, Utah Last filing Feb 20, 2026 · FY2025

                    Revenue
                    FY2025
                
$3.4B
                    3y CAGR +20.6%
                    
                    P93
                    
                    +3.7%
                    
                    Net income
                    FY2025
                
$974.0M
                    Net margin +28.8%
                    
                    P67
                    
                    +14.0%
                    
                    Total assets
                    FY2025
                
$29.3B
                    ROA +3.3%
                    
                    P45
                    
                    +1.4%
                    
                    Operating cash flow
                    FY2025
                
$1.9B
                    
                    -2.0%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Running CAGR since the earliest displayed year.

Balance Sheet

Assets, liabilities, and equity

24 accounts · 3 years

Total assets $29.3B

Total liabilities $14.9B

Shareholders equity $13.4B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	+18.4%	+39.5%	—
Accounts Receivable	+2.7%	-3.7%	—
Other Current Assets	-7.1%	-8.2%	—
Property,Plant and Equipment	+15.7%	+3.4%	—
Operating Lease Assets	+79.5%	+203.6%	—
Goodwill	+0.0%	+0.0%	—
Intangible Assets	-58.2%	-51.4%	—
Other Noncurrent Assets	-7.1%	-8.2%	—
Total Assets	+3.2%	+5.1%	—
Liabilities
Operating Lease Liabilities	+79.4%	+198.4%	—
Other Current Liabilities	+16.1%	+40.5%	—
Total Current Liabilities	+11.4%	+16.2%	—
Long Term Debt	—	—	—
Operating Lease Liabilities Noncurrent	+79.4%	+198.4%	—
Deferred Tax Liabilities	—	+6.4%	—
Other Noncurrent Liabilities	+16.1%	+40.5%	—
Total Liabilities	+11.4%	+16.2%	—
Equity
Preferred Stock	—	—	—
Common Stock	-0.0%	+0.3%	—
Additional Paid In Capital	+0.4%	+0.6%	—
Retained Earnings	—	—	—
Accumulated Other Comprehensive Income	—	-26.6%	—
Total Stockholders Equity	-3.4%	-3.1%	—
Total Liabilitiesand Equity	+3.2%	+5.1%	—

Income Statement

Revenue, expense, and profitability

17 accounts · 3 years

Revenue $3.4B

Operating income $1.4B

Net income $974.0M

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	+14.9%	+27.2%	—
Expenses Cost of Revenue	+22.5%	+35.9%	—
Expenses Selling,General and Administrative	+12.8%	+14.3%	—
Expenses Depreciation and Amortization	+18.9%	+54.7%	—
Expenses Share Based Compensation	+15.8%	+9.5%	—
Expenses Operating Expenses	+16.6%	+33.5%	—
Other Income Expense Operating Income	+9.9%	+13.1%	—
Other Income Expense Interest Income	+38.7%	+46.6%	—
Other Income Expense Interest Expense	-89.7%	-98.9%	—
Other Income Expense Income Before Tax	+7.3%	+4.3%	—
Income Tax Income Tax Expense	+38.8%	+55.3%	—
net Income net Income	+10.1%	+6.4%	—
net Income Comprehensive Income	+11.6%	+10.1%	—
Earnings Per Share Basic Eps	-1.6%	-15.0%	—
Earnings Per Share Diluted Eps	-1.6%	-15.0%	—
Earnings Per Share Weighted Average Shares Basic	+11.9%	+25.0%	—
Earnings Per Share Weighted Average Shares Diluted	+11.9%	+25.0%	—

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 3 years

Operating cash flow $1.9B

Investing cash flow $-814.2M

Financing cash flow $-1.0B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	+10.1%	+6.4%	—
Operating Activities Depreciation and Amortization	+18.9%	+54.7%	—
Operating Activities Stock Based Compensation	+15.8%	+9.5%	—
Operating Activities Deferred Income Taxes	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	—	—	—
Operating Activities Other Non Cash Items	—	—	—
Operating Activities net Cash From Operating Activities	+14.9%	+34.6%	—
Investing Activities net Cash From Investing Activities	—	—	—
Financing Activities Proceeds From Debt	+50.8%	+22.1%	—
Financing Activities Repayment of Debt	+56.0%	+23.1%	—
Financing Activities Repurchase of Common Stock	—	—	—
Financing Activities Dividends Paid	+14.6%	+31.4%	—
Financing Activities net Cash From Financing Activities	—	—	—
Cash Reconciliation Effect of Exchange Rate On Cash	+16.7%	+36.4%	—
Cash Reconciliation net Change In Cash	—	+420.1%	—
Cash Reconciliation Cash At Beginning of Period	+16.7%	+36.4%	—
Cash Reconciliation Cash At End of Period	+16.7%	+36.4%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+72.8%	+74.5%	+76.1%
Operating margin	+41.8%	+40.6%	+45.7%
Net margin	+28.8%	+26.2%	+31.4%
FCF margin	—	—	—
Growth
Revenue CAGR (3y)	+20.6%	+27.3%	+23.6%
Returns
ROE	+7.3%	+6.1%	+5.6%
ROA	+3.3%	+3.0%	+2.9%
ROIC	+10.2%	+9.2%	+8.0%
Liquidity
Current ratio	—	—	—
Quick ratio	0.02x	0.02x	0.02x
Leverage
D/E	1.11x	1.00x	0.84x
Interest coverage	315.97x	280.25x	2.79x
Efficiency
Asset turnover	0.12x	0.11x	0.09x
Cash conversion cycle	—	—	—

Valuation

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FY2025 fundamentals · no price

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Extra Space Storage

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