Extra Space Storage (EXR) Financials

$145.91 +1.13 (+0.78%)

Closing price 05/23/2025 03:59 PM Eastern

Extended Trading

$146.64 +0.74 (+0.50%)

As of 05/23/2025 07:36 PM Eastern

Annual Income Statements for Extra Space Storage

This table shows Extra Space Storage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	855	803	861	828	482	420	415	479	366	189
Consolidated Net Income / (Loss)	900	850	921	878	518	451	447	514	397	210
Net Income / (Loss) Continuing Operations	887	850	921	872	518	451	447	514	397	-224
Total Pre-Tax Income	853	817	901	859	509	451	442	503	331	-213
Total Operating Income	1,323	1,170	1,050	976	666	635	620	654	458	295
Total Gross Profit	2,425	1,948	1,489	1,209	996	972	905	833	742	-132
Total Revenue	3,257	2,560	1,924	1,577	1,356	1,308	1,197	1,105	992	72
Operating Revenue	3,257	2,560	1,924	1,577	1,356	1,308	1,197	1,105	992	72
Total Cost of Revenue	832	612	435	369	361	336	292	272	250	204
Operating Cost of Revenue	832	612	435	369	361	336	292	272	250	204
Total Operating Expenses	1,102	778	438	233	329	337	285	179	292	81
Selling, General & Admin Expense	167	146	129	102	97	89	81	79	82	68
Depreciation Expense	783	506	288	242	224	220	209	193	183	-
Other Operating Expenses / (Income)	100	126	19	-111	8.42	28	-5.10	-94	16	13
Impairment Charge	52	-	-	-	-	-	-	-	-	-
Restructuring Charge	0.00	0.00	1.55	0.00	0.00	-	-	-	12	-
Total Other Income / (Expense), net	-471	-353	-150	-116	-157	-184	-178	-152	-119	0.15
Interest Expense	595	438	219	166	172	191	183	159	138	3.31
Interest & Investment Income	124	85	69	50	15	7.47	5.29	6.74	11	3.46
Income Tax Expense	33	22	21	20	14	11	9.24	3.63	16	11
Other Gains / (Losses), net	67	55	41	32	22	11	14	15	82	-
Other Adjustments to Consolidated Net Income / (Loss)	14	-	-	-	-	-	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	46	47	60	50	36	31	32	35	31	20
Basic Earnings per Share	$4.03	$4.74	$6.41	$6.20	$3.71	$3.27	$3.29	$3.79	$2.92	$1.58
Weighted Average Basic Shares Outstanding	211.58M	169.22M	134.05M	133.37M	129.54M	128.20M	126.09M	125.97M	125.09M	119.82M
Diluted Earnings per Share	$4.03	$4.74	$6.41	$6.19	$3.71	$3.24	$3.27	$3.76	$2.91	$1.56
Weighted Average Diluted Shares Outstanding	211.58M	169.22M	141.68M	140.02M	129.58M	136.43M	133.16M	134.16M	125.95M	126.92M
Weighted Average Basic & Diluted Shares Outstanding	212.00M	211.57M	134.99M	133.37M	129.54M	128.20M	126.09M	125.97M	125.09M	119.82M
Cash Dividends to Common per Share	$6.48	$6.48	$6.00	$4.50	$0.90	$3.56	$3.36	$3.12	$2.93	$2.24

This table shows Extra Space Storage's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	271	262	193	186	213	216	188	202	196	204	221
Consolidated Net Income / (Loss)	285	278	203	195	224	227	199	215	209	219	236
Net Income / (Loss) Continuing Operations	285	294	173	195	224	227	199	215	209	231	225
Total Pre-Tax Income	274	265	184	188	216	215	191	208	203	214	232
Total Operating Income	389	380	303	305	336	333	300	273	264	270	270
Total Gross Profit	596	601	616	614	595	603	563	397	386	394	384
Total Revenue	820	822	825	811	800	798	748	511	503	507	499
Operating Revenue	820	822	825	811	800	798	748	511	503	507	499
Total Cost of Revenue	224	221	209	197	205	195	185	115	117	113	115
Operating Cost of Revenue	224	221	209	197	205	195	185	115	117	113	115
Total Operating Expenses	208	221	313	309	259	269	263	123	122	124	114
Selling, General & Admin Expense	46	44	40	40	44	39	37	35	35	36	32
Depreciation Expense	180	196	195	195	197	196	152	79	78	80	71
Other Operating Expenses / (Income)	17	-19	26	74	19	34	73	9.48	9.09	8.21	11
Other Special Charges / (Income)	-36	-	-	-	-	-	0.00	-	-	-	-
Total Other Income / (Expense), net	-115	-115	-119	-117	-120	-118	-109	-65	-61	-56	-38
Interest Expense	154	150	154	148	144	140	131	86	80	73	56
Interest & Investment Income	39	35	35	31	24	22	22	21	19	17	18
Income Tax Expense	8.99	6.04	11	9.84	6.74	4.32	6.94	5.99	4.31	5.41	6.76
Other Gains / (Losses), net	20	-	-	17	15	16	15	13	10	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	14	15	9.74	9.54	11	11	11	13	13	20	11
Basic Earnings per Share	$1.28	$1.23	$0.91	$0.88	$1.01	$0.82	$0.96	$1.50	$1.46	$1.51	$1.65
Weighted Average Basic Shares Outstanding	211.85M	211.58M	211.70M	211.58M	211.28M	169.22M	195.32M	134.83M	134.51M	134.05M	133.91M
Diluted Earnings per Share	$1.28	$1.23	$0.91	$0.88	$1.01	$0.82	$0.96	$1.50	$1.46	$1.52	$1.65
Weighted Average Diluted Shares Outstanding	212.05M	211.58M	220.30M	211.59M	220.02M	169.22M	195.33M	143.53M	142.94M	141.68M	141.50M
Weighted Average Basic & Diluted Shares Outstanding	212.21M	212.00M	211.98M	211.93M	211.73M	211.57M	211.28M	211.28M	135.05M	134.99M	133.91M
Cash Dividends to Common per Share	$1.62	-	$1.62	$1.62	$1.62	-	$1.62	$1.62	$1.62	-	$1.50

This table details how cash moves in and out of Extra Space Storage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	38	7.35	22	-52	57	-1.96	-13	28	-49	28
Net Cash From Operating Activities	1,887	1,402	1,238	952	771	708	678	597	539	367
Net Cash From Continuing Operating Activities	1,887	1,402	1,238	952	771	708	678	597	539	367
Net Income / (Loss) Continuing Operations	900	850	921	878	518	451	447	514	397	210
Consolidated Net Income / (Loss)	900	850	921	878	518	451	447	514	397	210
Depreciation Expense	783	506	288	242	224	220	209	193	183	133
Amortization Expense	60	38	8.77	11	13	17	19	17	17	8.68
Non-Cash Adjustments To Reconcile Net Income	86	8.79	-18	-157	-1.79	19	-13	-99	-66	6.23
Changes in Operating Assets and Liabilities, net	58	-0.56	38	-21	18	0.71	15	-29	8.67	9.43
Net Cash From Investing Activities	-1,647	-1,818	-1,648	-838	-955	-622	-444	-353	-1,049	-1,626
Net Cash From Continuing Investing Activities	-1,647	-1,818	-1,648	-838	-955	-622	-444	-353	-1,049	-1,626
Purchase of Property, Plant & Equipment	-671	-337	-1,314	-1,237	-327	-357	-431	-661	-1,091	-357
Acquisitions	0.00	0.00	-157	0.00	0.00	-	-	-	-28	-1,204
Sale of Property, Plant & Equipment	309	170	249	745	107	11	52	312	61	0.80
Sale and/or Maturity of Investments	141	142	284	83	10	158	74	45	60	45
Other Investing Activities, net	-1,425	-1,793	-710	-428	-445	-433	-140	-49	-23	-110
Net Cash From Financing Activities	-202	423	432	-167	241	-88	-247	-216	461	1,286
Net Cash From Continuing Financing Activities	-202	423	432	-166	241	-88	-247	-216	461	1,286
Repayment of Debt	-8,748	-7,128	-4,217	-5,511	-2,594	-2,012	-1,291	-1,116	-1,162	-1,551
Repurchase of Preferred Equity	0.00	-	-	-	-	-	-	-	-	-
Repurchase of Common Equity	-0.52	0.00	-63	0.00	-68	0.00	0.00	-	-	-
Payment of Dividends	-1,438	-1,106	-863	-640	-501	-492	-458	-425	-399	-294
Issuance of Debt	9,986	8,663	5,584	5,707	3,297	2,214	1,413	1,326	1,900	2,685
Issuance of Common Equity	0.39	0.07	0.00	273	104	199	90	0.20	123	447
Other Financing Activities, net	-2.34	-5.49	-9.12	4.57	3.76	3.06	-1.39	-1.24	-2.01	-1.34
Cash Interest Paid	499	339	197	152	160	174	159	136	122	90
Cash Income Taxes Paid	34	23	19	26	5.18	10	0.73	5.65	15	1.78

This table details how cash moves in and out of Extra Space Storage's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-20	49	13	26	-50	-118	170	2.47	-47	3.38	24
Net Cash From Operating Activities	481	408	468	545	466	365	408	348	282	290	308
Net Cash From Continuing Operating Activities	481	408	468	545	466	365	403	353	282	290	308
Net Income / (Loss) Continuing Operations	285	278	203	195	224	227	199	215	209	219	236
Consolidated Net Income / (Loss)	285	278	203	195	224	227	199	215	209	219	236
Depreciation Expense	180	196	195	195	197	196	152	79	78	80	71
Amortization Expense	14	14	17	15	15	20	12	2.87	2.60	2.42	2.42
Non-Cash Adjustments To Reconcile Net Income	-28	-28	55	53	6.66	8.00	-8.04	8.12	0.71	-1.60	0.04
Changes in Operating Assets and Liabilities, net	30	-52	-1.49	88	23	-87	48	47	-9.04	-10	-2.38
Net Cash From Investing Activities	-342	-769	-113	-483	-282	-182	-1,278	-271	-86	-406	-672
Net Cash From Continuing Investing Activities	-342	-769	-113	-483	-282	-182	-1,278	-271	-86	-406	-672
Purchase of Property, Plant & Equipment	-213	-294	-210	-69	-98	-130	-74	-82	-51	-170	-696
Sale of Property, Plant & Equipment	151	129	180	-	0.00	33	74	22	39	6.35	122
Sale and/or Maturity of Investments	40	-13	102	40	12	69	27	25	22	19	41
Other Investing Activities, net	-320	-591	-185	-453	-196	-154	-1,306	-236	-96	-262	-343
Net Cash From Financing Activities	-160	410	-343	-36	-233	-300	1,040	-74	-243	119	389
Net Cash From Continuing Financing Activities	-160	410	-343	-36	-233	-300	1,040	-74	-243	119	389
Repayment of Debt	-4,629	-2,672	-2,662	-1,260	-2,153	-2,459	-1,395	-1,389	-1,885	-868	-1,427
Payment of Dividends	-360	-359	-359	-359	-360	-354	-285	-233	-234	-212	-215
Issuance of Debt	4,829	3,444	2,679	1,584	2,279	2,518	2,715	1,548	1,882	1,204	2,031
Issuance of Common Equity	0.00	0.01	0.01	-0.23	0.59	0.07	-	-	0.00	-	-
Cash Interest Paid	117	118	151	122	108	131	57	72	79	59	55
Cash Income Taxes Paid	1.35	3.14	8.60	20	1.54	2.53	8.39	9.92	1.91	4.47	5.37

This table presents Extra Space Storage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	28,848	27,456	12,167	10,474	9,396	8,532	7,848	7,461	7,091	6,071
Total Current Assets	138	99	93	71	128	71	73	86	58	107
Cash & Equivalents	138	99	93	71	109	66	57	56	44	76
Plant, Property, & Equipment, net	24,588	24,556	9,998	0.00	7,894	7,697	7,492	0.00	0.00	0.00
Total Noncurrent Assets	4,122	2,801	2,077	10,403	1,374	765	283	7,375	6,954	5,965
Long-Term Investments	2,883	1,976	1,440	1,177	991	382	125	76	-	103
Other Noncurrent Operating Assets	1,239	825	636	9,227	383	383	158	7,299	6,954	5,862
Total Liabilities & Shareholders' Equity	28,848	27,456	12,167	10,474	9,396	8,532	7,848	7,461	7,091	6,071
Total Liabilities	13,989	12,042	8,089	6,689	6,460	5,611	5,063	4,737	4,495	3,699
Total Current Liabilities	347	335	172	142	130	111	101	96	101	83
Accounts Payable	347	335	172	142	130	111	101	96	101	83
Total Noncurrent Liabilities	13,642	11,708	7,918	6,546	6,330	5,499	4,930	4,641	453	740
Long-Term Debt	11,311	9,743	6,043	4,637	3,463	5,046	4,781	4,554	365	660
Capital Lease Obligations	706	237	229	-	263	275	0.00	-	-	-
Other Noncurrent Operating Liabilities	1,625	1,728	1,646	1,909	2,603	178	150	87	88	80
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	14,859	15,414	4,078	3,786	2,936	2,922	2,785	2,724	2,596	2,373
Total Preferred & Common Equity	13,948	14,391	3,260	3,116	2,548	2,540	2,414	2,351	2,245	2,089
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	13,948	14,391	3,260	3,116	2,548	2,540	2,414	2,351	2,245	2,089
Common Stock	14,834	14,753	3,347	3,287	3,002	2,870	2,642	2,571	2,567	2,433
Retained Earnings	-899	-379	-136	-128	-355	-301	-263	-253	-339	-338
Accumulated Other Comprehensive Income / (Loss)	13	17	49	-43	-99	-29	35	33	17	-6.35
Noncontrolling Interest	912	1,023	819	669	388	382	372	373	351	284

This table presents Extra Space Storage's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	28,994	28,848	28,063	27,762	27,480	27,456	27,626	12,365	12,133	12,167	11,841
Total Current Assets	120	138	89	77	51	99	216	51	48	93	94
Cash & Equivalents	120	138	89	77	51	99	216	51	48	93	87
Plant, Property, & Equipment, net	24,684	24,588	24,385	24,341	24,495	24,556	24,557	0.00	0.00	9,998	9,877
Total Noncurrent Assets	4,190	4,122	3,589	3,344	2,935	2,801	2,853	12,315	12,085	2,077	1,869
Long-Term Investments	2,996	2,883	2,399	2,508	2,125	1,976	1,969	1,639	1,465	1,440	1,227
Other Noncurrent Operating Assets	1,194	1,239	1,190	836	810	825	636	10,676	10,620	636	642
Total Liabilities & Shareholders' Equity	28,994	28,848	28,063	27,762	27,480	27,456	27,626	12,365	12,133	12,167	11,841
Total Liabilities	14,215	13,989	13,104	12,631	12,191	12,042	12,059	8,330	8,100	8,089	7,771
Total Current Liabilities	359	347	389	382	338	335	1,053	212	178	172	191
Accounts Payable	359	347	389	382	338	335	430	212	178	172	191
Total Noncurrent Liabilities	13,856	13,642	12,716	12,249	11,853	11,708	11,006	8,118	7,922	7,918	7,580
Long-Term Debt	11,543	11,311	10,516	10,229	9,888	9,743	9,053	6,219	6,025	6,043	5,697
Capital Lease Obligations	705	706	706	229	233	237	242	-	-	229	234
Other Noncurrent Operating Liabilities	1,609	1,625	1,493	1,791	1,733	1,728	1,711	1,898	1,896	1,646	1,650
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	14,779	14,859	14,959	15,131	15,289	15,414	15,567	4,035	4,033	4,078	4,069
Total Preferred & Common Equity	13,887	13,948	14,011	14,173	14,297	14,391	14,537	3,256	3,253	3,260	3,251
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	13,887	13,948	14,011	14,173	14,297	14,391	14,537	3,256	3,253	3,260	3,251
Common Stock	14,853	14,834	14,825	14,813	14,779	14,753	14,745	3,385	3,378	3,347	3,341
Retained Earnings	-973	-899	-818	-668	-510	-379	-253	-176	-160	-136	-139
Accumulated Other Comprehensive Income / (Loss)	6.20	13	3.34	27	28	17	45	47	35	49	49
Noncontrolling Interest	892	912	948	958	992	1,023	1,030	780	779	819	819

This table displays calculated financial ratios and metrics derived from Extra Space Storage's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	27.21%	33.06%	21.99%	16.31%	0.00%	0.00%	0.00%	11.41%	1,278.16%	-88.88%
EBITDA Growth	26.41%	27.19%	9.69%	35.94%	234.17%	243.42%	286.02%	29.82%	52.56%	10.78%
EBIT Growth	13.09%	11.40%	7.63%	46.51%	198.91%	204.48%	235.98%	40.20%	58.41%	7.92%
NOPAT Growth	11.60%	11.04%	7.67%	47.03%	237.46%	245.52%	290.20%	48.89%	111.55%	-22.84%
Net Income Growth	5.85%	-7.68%	4.94%	69.59%	0.00%	0.00%	0.00%	29.50%	89.51%	6.96%
EPS Growth	-14.98%	-26.05%	3.55%	66.85%	0.00%	0.00%	0.00%	29.21%	86.54%	1.96%
Operating Cash Flow Growth	34.58%	13.27%	30.00%	23.50%	0.00%	0.00%	0.00%	10.78%	46.81%	8.81%
Free Cash Flow Firm Growth	105.50%	-2,070.72%	90.11%	-1,060.16%	237.46%	-90.75%	1,252.66%	147.41%	54.65%	-336.73%
Invested Capital Growth	2.30%	164.47%	22.88%	0.00%	0.00%	0.00%	-100.00%	5.19%	18.71%	38.89%
Revenue Q/Q Growth	0.75%	12.83%	-35.75%	16.31%	519.10%	304.34%	245.37%	1.92%	302.68%	-90.02%
EBITDA Q/Q Growth	1.93%	13.02%	-41.58%	89.34%	188.08%	363.64%	164.55%	16.39%	19.62%	-2.15%
EBIT Q/Q Growth	3.65%	5.78%	-54.46%	50.43%	164.93%	292.08%	147.19%	22.97%	27.20%	-7.31%
NOPAT Q/Q Growth	3.68%	5.93%	-36.45%	109.81%	190.24%	367.52%	166.00%	26.89%	69.87%	-33.59%
Net Income Q/Q Growth	5.93%	0.94%	0.00%	0.00%	0.00%	0.00%	0.00%	37.01%	24.71%	-15.26%
EPS Q/Q Growth	11.33%	-12.87%	0.00%	0.00%	0.00%	0.00%	0.00%	37.73%	26.52%	-17.46%
Operating Cash Flow Q/Q Growth	2.37%	5.60%	0.00%	0.00%	0.00%	0.00%	0.00%	-0.89%	15.42%	0.01%
Free Cash Flow Firm Q/Q Growth	-11.77%	39.88%	-138.13%	-1,470.13%	190.24%	-91.30%	600.65%	61.43%	63.33%	-383.65%
Invested Capital Q/Q Growth	0.68%	0.08%	0.00%	0.00%	0.00%	0.00%	-100.00%	5.78%	5.70%	28.78%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	74.47%	76.09%	77.38%	76.63%	73.41%	74.32%	75.62%	75.39%	74.79%	-183.40%
EBITDA Margin	66.52%	66.94%	70.03%	77.88%	66.63%	66.61%	70.84%	78.29%	67.18%	606.90%
Operating Margin	40.63%	45.70%	54.59%	61.87%	49.12%	48.53%	51.79%	59.22%	46.21%	409.41%
EBIT Margin	40.63%	45.70%	54.59%	61.87%	49.12%	48.53%	51.79%	59.22%	47.06%	409.41%
Profit (Net Income) Margin	27.64%	33.22%	47.87%	55.65%	38.16%	34.48%	37.36%	46.54%	40.03%	291.14%
Tax Burden Percent	105.57%	104.07%	102.28%	102.13%	101.68%	99.99%	101.18%	102.33%	120.02%	-98.54%
Interest Burden Percent	64.44%	69.84%	85.74%	88.07%	76.42%	71.05%	71.30%	76.79%	70.88%	-72.16%
Effective Tax Rate	3.93%	2.64%	2.32%	2.36%	2.71%	2.51%	2.09%	0.72%	4.79%	0.00%
Return on Invested Capital (ROIC)	5.39%	7.09%	12.83%	26.56%	0.00%	0.00%	17.05%	9.36%	7.00%	4.21%
ROIC Less NNEP Spread (ROIC-NNEP)	1.00%	2.52%	10.25%	22.13%	0.00%	0.00%	9.78%	6.20%	5.95%	4.33%
Return on Net Nonoperating Assets (RNNOA)	0.56%	1.64%	10.60%	19.81%	0.00%	0.00%	15.78%	9.97%	8.98%	5.57%
Return on Equity (ROE)	5.95%	8.73%	23.43%	46.37%	0.00%	0.00%	32.83%	19.33%	15.98%	9.78%
Cash Return on Invested Capital (CROIC)	3.11%	-83.16%	-7.70%	-173.44%	0.00%	0.00%	217.05%	4.30%	-10.11%	-28.35%
Operating Return on Assets (OROA)	4.70%	5.91%	9.28%	18.63%	0.00%	0.00%	16.61%	8.99%	7.09%	5.64%
Return on Assets (ROA)	3.20%	4.29%	8.14%	16.76%	0.00%	0.00%	11.98%	7.07%	6.03%	4.01%
Return on Common Equity (ROCE)	5.57%	7.90%	18.99%	69.37%	0.00%	0.00%	57.42%	16.70%	13.94%	8.74%
Return on Equity Simple (ROE_SIMPLE)	6.45%	5.91%	28.26%	28.16%	20.32%	17.76%	18.52%	21.87%	17.69%	10.03%
Net Operating Profit after Tax (NOPAT)	1,271	1,139	1,026	953	648	619	607	650	436	206
NOPAT Margin	39.04%	44.50%	53.32%	60.41%	47.79%	47.31%	50.71%	58.79%	43.99%	286.59%
Net Nonoperating Expense Percent (NNEP)	4.39%	4.57%	2.58%	4.43%	0.00%	0.00%	7.27%	3.16%	1.05%	-0.12%
Return On Investment Capital (ROIC_SIMPLE)	4.73%	4.49%	9.91%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	25.53%	23.91%	22.62%	23.37%	26.59%	25.68%	24.38%	24.61%	25.21%	283.40%
SG&A Expenses to Revenue	5.14%	5.72%	6.72%	6.48%	7.12%	6.83%	6.79%	7.15%	8.25%	94.15%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	33.84%	30.39%	22.79%	14.76%	24.29%	25.79%	23.83%	16.17%	29.44%	112.25%
Earnings before Interest and Taxes (EBIT)	1,323	1,170	1,050	976	666	635	620	654	467	295
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2,167	1,714	1,347	1,228	904	872	848	865	666	437
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.27	2.26	5.55	9.00	5.29	4.63	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	2.27	2.26	5.55	9.00	5.29	4.63	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	9.74	12.70	9.41	17.79	9.94	8.98	0.00	0.00	0.00	0.00
Price to Earnings (P/E)	37.10	40.49	21.04	33.91	27.97	27.99	0.00	0.00	0.00	0.00
Dividend Yield	4.33%	4.21%	4.44%	2.15%	3.45%	3.92%	4.47%	4.45%	4.87%	3.38%
Earnings Yield	2.70%	2.47%	4.75%	2.95%	3.57%	3.57%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.74	1.78	2.68	4.48	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	12.78	16.19	12.30	20.36	9.94	8.98	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	19.21	24.18	17.56	26.15	14.91	13.49	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	31.45	35.42	22.53	32.91	20.23	18.51	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	32.74	36.38	23.06	33.71	20.80	18.99	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	22.05	29.55	19.11	33.73	17.48	16.61	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	56.67	0.00	0.00	0.00	20.80	18.99	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.81	0.65	1.54	1.22	0.00	0.00	0.00	1.67	0.14	0.28
Long-Term Debt to Equity	0.81	0.65	1.54	1.22	0.00	0.00	0.00	1.67	0.14	0.28
Financial Leverage	0.56	0.65	1.03	0.90	0.00	0.00	1.61	1.61	1.51	1.29
Leverage Ratio	1.86	2.03	2.88	2.77	0.00	0.00	2.74	2.74	2.65	2.44
Compound Leverage Factor	1.20	1.42	2.47	2.44	0.00	0.00	1.95	2.10	1.88	-1.76
Debt to Total Capital	44.71%	39.30%	60.60%	55.05%	0.00%	0.00%	0.00%	62.57%	12.33%	21.76%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	44.71%	39.30%	60.60%	55.05%	0.00%	0.00%	0.00%	62.57%	12.33%	21.76%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.39%	4.03%	7.91%	7.95%	0.00%	0.00%	0.00%	5.13%	11.86%	9.35%
Common Equity to Total Capital	51.89%	56.67%	31.49%	37.00%	0.00%	0.00%	0.00%	32.30%	75.81%	68.89%
Debt to EBITDA	5.55	5.82	4.65	3.77	0.00	0.00	0.00	5.26	0.55	1.51
Net Debt to EBITDA	4.15	4.61	3.52	2.76	0.00	0.00	0.00	5.08	0.46	1.03
Long-Term Debt to EBITDA	5.55	5.82	4.65	3.77	0.00	0.00	0.00	5.26	0.55	1.51
Debt to NOPAT	9.45	8.76	6.11	4.87	0.00	0.00	0.00	7.01	0.84	3.20
Net Debt to NOPAT	7.08	6.94	4.62	3.56	0.00	0.00	0.00	6.76	0.70	2.18
Long-Term Debt to NOPAT	9.45	8.76	6.11	4.87	0.00	0.00	0.00	7.01	0.84	3.20
Altman Z-Score	1.57	1.82	1.76	2.95	0.00	0.00	0.00	0.00	0.00	0.00
Noncontrolling Interest Sharing Ratio	6.39%	9.45%	18.92%	-49.61%	0.00%	0.00%	-74.92%	13.62%	12.78%	10.69%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.40	0.30	0.54	0.50	0.13	0.45	0.90	0.90	0.57	1.29
Quick Ratio	0.40	0.30	0.54	0.50	0.00	0.00	0.00	0.58	0.43	0.92
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	734	-13,362	-616	-6,222	648	619	7,723	299	-630	-1,389
Operating Cash Flow to CapEx	520.69%	839.41%	116.27%	193.50%	349.84%	204.53%	179.20%	171.25%	52.32%	103.04%
Free Cash Flow to Firm to Interest Expense	1.23	-30.52	-2.81	-37.44	3.76	3.24	42.17	1.88	-4.55	-419.73
Operating Cash Flow to Interest Expense	3.17	3.20	5.65	5.73	4.48	3.70	3.70	3.77	3.89	110.98
Operating Cash Flow Less CapEx to Interest Expense	2.56	2.82	0.79	2.77	3.20	1.89	1.64	1.57	-3.55	3.28
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.12	0.13	0.17	0.30	0.00	0.00	0.32	0.15	0.15	0.01
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.13	0.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	2.44	2.42	2.77	0.00	0.00	0.00	0.00	2.75	2.72	2.75
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	149.46	150.94	131.62	0.00	0.00	0.00	0.00	132.51	134.38	132.62
Cash Conversion Cycle (CCC)	-149.46	-150.94	-131.62	0.00	0.00	0.00	0.00	-132.51	-134.38	-132.62
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	23,855	23,318	8,817	7,175	0.00	0.00	0.00	7,116	6,765	5,699
Invested Capital Turnover	0.14	0.16	0.24	0.44	0.00	0.00	0.34	0.16	0.16	0.01
Increase / (Decrease) in Invested Capital	537	14,501	1,642	7,175	0.00	0.00	-7,116	351	1,066	1,596
Enterprise Value (EV)	41,620	41,449	23,662	32,122	13,477	11,755	0.00	0.00	0.00	0.00
Market Capitalization	31,713	32,522	18,105	28,063	13,477	11,755	0.00	0.00	0.00	0.00
Book Value per Share	$65.80	$68.11	$24.34	$23.28	$19.71	$19.61	$19.08	$18.66	$17.84	$16.92
Tangible Book Value per Share	$65.80	$68.11	$24.34	$23.28	$19.71	$19.61	$19.08	$18.66	$17.84	$16.92
Total Capital	26,877	25,394	10,350	8,423	0.00	0.00	0.00	7,278	2,961	3,032
Total Debt	12,017	9,980	6,272	4,637	0.00	0.00	0.00	4,554	365	660
Total Long-Term Debt	12,017	9,980	6,272	4,637	0.00	0.00	0.00	4,554	365	660
Net Debt	8,996	7,904	4,739	3,389	0.00	0.00	0.00	4,392	307	450
Capital Expenditures (CapEx)	362	167	1,065	492	220	346	378	349	1,031	356
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-347	-335	-172	-142	-821	-87	-8.31	-96	-101	-83
Debt-free Net Working Capital (DFNWC)	-208	-235	-79	-71	-821	-87	-8.31	-10	-44	24
Net Working Capital (NWC)	-208	-235	-79	-71	-821	-87	-8.31	-10	-44	24
Net Nonoperating Expense (NNE)	371	289	105	75	130	168	160	135	39	-3.28
Net Nonoperating Obligations (NNO)	8,996	7,904	4,739	3,389	0.00	0.00	0.00	4,392	4,169	3,326
Total Depreciation and Amortization (D&A)	843	544	297	252	238	237	228	211	200	142
Debt-free, Cash-free Net Working Capital to Revenue	-10.64%	-13.07%	-8.92%	-9.02%	-60.54%	-6.67%	-0.69%	-8.70%	-10.22%	-114.90%
Debt-free Net Working Capital to Revenue	-6.40%	-9.20%	-4.10%	-4.51%	-60.54%	-6.67%	-0.69%	-0.91%	-4.40%	33.13%
Net Working Capital to Revenue	-6.40%	-9.20%	-4.10%	-4.51%	-60.54%	-6.67%	-0.69%	-0.91%	-4.40%	33.13%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$4.03	$4.74	$6.41	$0.00	$0.00	$0.00	$3.29	$3.79	$2.92	$1.58
Adjusted Weighted Average Basic Shares Outstanding	211.58M	169.22M	134.05M	133.37M	129.54M	128.20M	126.09M	125.97M	125.09M	119.82M
Adjusted Diluted Earnings per Share	$4.03	$4.74	$6.41	$0.00	$0.00	$0.00	$3.27	$3.76	$2.91	$1.56
Adjusted Weighted Average Diluted Shares Outstanding	211.58M	169.22M	141.68M	133.37M	129.54M	128.20M	133.16M	134.16M	125.95M	126.92M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	212.00M	211.57M	134.99M	133.37M	129.54M	128.20M	127.30M	126.04M	125.91M	125.05M
Normalized Net Operating Profit after Tax (NOPAT)	1,321	1,139	1,028	953	648	619	607	650	448	206
Normalized NOPAT Margin	40.56%	44.50%	53.40%	60.41%	47.79%	47.31%	50.71%	58.79%	45.16%	286.59%
Pre Tax Income Margin	26.18%	31.92%	46.81%	54.49%	37.53%	34.48%	36.93%	45.48%	33.36%	-295.44%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.22	2.67	4.79	5.87	3.87	3.32	3.38	4.13	3.37	89.02
NOPAT to Interest Expense	2.14	2.60	4.68	5.73	3.76	3.24	3.31	4.10	3.15	62.31
EBIT Less CapEx to Interest Expense	1.61	2.29	-0.07	2.91	2.59	1.51	1.32	1.93	-4.07	-18.68
NOPAT Less CapEx to Interest Expense	1.53	2.22	-0.18	2.77	2.48	1.43	1.25	1.90	-4.29	-45.38
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	159.76%	130.06%	93.70%	72.92%	96.87%	109.14%	102.48%	82.65%	100.43%	140.22%
Augmented Payout Ratio	159.81%	130.06%	100.54%	72.92%	109.98%	109.14%	102.48%	82.65%	100.43%	140.22%

This table displays calculated financial ratios and metrics derived from Extra Space Storage's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.56%	3.02%	10.26%	58.52%	58.94%	57.44%	49.94%	7.66%	13.41%	-67.88%	0.00%
EBITDA Growth	6.52%	7.47%	10.73%	44.71%	58.87%	56.12%	35.18%	2.48%	12.92%	-76.93%	284.57%
EBIT Growth	15.75%	13.96%	0.98%	11.50%	27.43%	23.70%	11.09%	-0.84%	12.00%	-82.33%	244.92%
NOPAT Growth	15.56%	13.65%	-1.39%	8.79%	26.13%	24.37%	10.27%	-1.42%	11.27%	-75.40%	300.99%
Net Income Growth	27.16%	22.16%	2.06%	-9.24%	7.28%	3.61%	-15.78%	-13.12%	-4.06%	0.00%	0.00%
EPS Growth	26.73%	50.00%	-5.21%	-41.33%	-30.82%	-46.05%	-41.82%	-13.29%	-3.31%	0.00%	0.00%
Operating Cash Flow Growth	3.40%	12.01%	14.67%	56.73%	65.30%	25.64%	32.77%	-1.43%	-2.02%	0.00%	0.00%
Free Cash Flow Firm Growth	97.91%	98.83%	99.53%	-70.50%	-73.30%	-928.03%	-8,883.25%	-3,181.90%	-3,675.09%	77.42%	300.99%
Invested Capital Growth	2.91%	2.30%	1.69%	168.58%	171.88%	164.47%	0.00%	0.00%	0.00%	22.88%	0.00%
Revenue Q/Q Growth	-0.23%	-0.35%	1.74%	1.39%	0.22%	6.65%	46.28%	1.66%	-0.72%	1.57%	5.03%
EBITDA Q/Q Growth	-1.23%	14.77%	0.06%	-6.09%	-0.34%	18.25%	30.77%	3.09%	-2.07%	2.39%	-0.86%
EBIT Q/Q Growth	2.29%	25.53%	-0.66%	-9.25%	0.71%	11.23%	9.68%	3.72%	-2.24%	-0.11%	-2.11%
NOPAT Q/Q Growth	1.24%	30.37%	-1.37%	-11.23%	-0.44%	13.12%	8.82%	2.92%	-1.83%	0.29%	-2.72%
Net Income Q/Q Growth	2.56%	36.88%	3.85%	-12.79%	-1.47%	14.36%	-7.64%	3.08%	-4.83%	-7.05%	-4.72%
EPS Q/Q Growth	4.07%	35.16%	3.41%	-12.87%	23.17%	-14.58%	-36.00%	2.74%	-3.95%	-7.88%	-4.62%
Operating Cash Flow Q/Q Growth	17.91%	-12.83%	-14.10%	17.12%	27.72%	-10.75%	17.41%	23.51%	-2.92%	-5.69%	-12.83%
Free Cash Flow Firm Q/Q Growth	-81.16%	-51.92%	99.23%	1.48%	-1.33%	38.40%	-177.25%	-0.14%	-501.08%	-626.29%	-2.72%
Invested Capital Q/Q Growth	0.23%	0.68%	3.00%	-0.99%	-0.36%	0.08%	172.03%	0.23%	-3.08%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	72.73%	73.10%	74.66%	75.71%	74.42%	75.55%	75.24%	77.58%	76.71%	77.71%	77.03%
EBITDA Margin	71.12%	71.84%	62.37%	63.42%	68.48%	68.87%	62.11%	69.48%	68.51%	69.45%	68.89%
Operating Margin	47.41%	46.24%	36.70%	37.59%	42.00%	41.80%	40.08%	53.45%	52.39%	53.20%	54.09%
EBIT Margin	47.41%	46.24%	36.70%	37.59%	42.00%	41.80%	40.08%	53.45%	52.39%	53.20%	54.09%
Profit (Net Income) Margin	34.75%	33.80%	24.61%	24.11%	28.03%	28.51%	26.58%	42.10%	41.52%	43.31%	47.33%
Tax Burden Percent	103.99%	104.80%	110.40%	103.94%	103.83%	105.53%	104.25%	103.49%	102.96%	102.61%	101.89%
Interest Burden Percent	70.48%	69.75%	60.72%	61.69%	64.26%	64.62%	63.63%	76.11%	76.98%	79.35%	85.87%
Effective Tax Rate	3.28%	2.28%	5.91%	5.24%	3.12%	2.01%	3.64%	2.88%	2.12%	2.53%	2.92%
Return on Invested Capital (ROIC)	6.37%	6.24%	4.75%	7.12%	7.32%	6.53%	7.52%	24.49%	23.80%	12.48%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	5.31%	5.13%	3.76%	5.62%	5.69%	4.95%	5.19%	22.27%	21.63%	11.41%	0.00%
Return on Net Nonoperating Assets (RNNOA)	3.01%	2.86%	2.03%	3.64%	3.67%	3.21%	2.05%	12.72%	24.21%	11.80%	0.00%
Return on Equity (ROE)	9.39%	9.10%	6.78%	10.76%	10.98%	9.74%	9.57%	37.21%	48.01%	24.27%	0.00%
Cash Return on Invested Capital (CROIC)	2.74%	3.11%	3.54%	-83.68%	-84.85%	-83.16%	-190.77%	-175.53%	-175.38%	-7.70%	0.00%
Operating Return on Assets (OROA)	5.50%	5.35%	4.26%	5.91%	6.06%	5.40%	4.61%	9.23%	17.13%	9.04%	0.00%
Return on Assets (ROA)	4.03%	3.91%	2.86%	3.79%	4.04%	3.68%	3.06%	7.27%	13.58%	7.36%	0.00%
Return on Common Equity (ROCE)	8.80%	8.52%	6.34%	9.78%	9.98%	8.82%	8.67%	30.31%	76.95%	19.68%	0.00%
Return on Equity Simple (ROE_SIMPLE)	6.92%	0.00%	6.07%	5.97%	6.05%	0.00%	5.80%	27.02%	28.04%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	376	371	285	289	325	327	289	265	258	263	262
NOPAT Margin	45.85%	45.19%	34.54%	35.63%	40.69%	40.96%	38.62%	51.91%	51.28%	51.85%	52.51%
Net Nonoperating Expense Percent (NNEP)	1.07%	1.11%	0.99%	1.51%	1.63%	1.57%	2.33%	2.21%	2.17%	1.06%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	1.39%	1.38%	-	-	-	1.29%	-	-	-	2.54%	-
Cost of Revenue to Revenue	27.27%	26.90%	25.34%	24.29%	25.58%	24.45%	24.76%	22.42%	23.29%	22.29%	22.97%
SG&A Expenses to Revenue	5.61%	5.36%	4.82%	4.92%	5.47%	4.94%	5.00%	6.81%	6.91%	7.10%	6.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.33%	26.86%	37.95%	38.12%	32.42%	33.75%	35.17%	24.13%	24.32%	24.51%	22.94%
Earnings before Interest and Taxes (EBIT)	389	380	303	305	336	333	300	273	264	270	270
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	583	590	514	514	548	549	465	355	345	352	344
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.27	2.27	2.73	2.32	2.18	2.26	1.70	5.91	6.46	5.55	6.74
Price to Tangible Book Value (P/TBV)	2.27	2.27	2.73	2.32	2.18	2.26	1.70	5.91	6.46	5.55	6.74
Price to Revenue (P/Rev)	9.61	9.74	11.81	10.43	10.89	12.70	10.86	9.52	10.60	9.41	7.32
Price to Earnings (P/E)	34.50	37.10	47.24	40.95	37.93	40.49	31.14	23.35	24.64	21.04	0.00
Dividend Yield	4.36%	4.33%	3.60%	4.17%	4.41%	4.21%	5.45%	4.38%	3.93%	4.44%	3.51%
Earnings Yield	2.90%	2.70%	2.12%	2.44%	2.64%	2.47%	3.21%	4.28%	4.06%	4.75%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.74	1.74	2.02	1.81	1.72	1.78	1.43	2.87	3.08	2.68	0.00
Enterprise Value to Revenue (EV/Rev)	12.66	12.78	14.81	13.22	14.02	16.19	14.72	12.15	13.27	12.30	7.32
Enterprise Value to EBITDA (EV/EBITDA)	18.85	19.21	22.52	20.11	20.89	24.18	22.03	17.59	18.98	17.56	9.50
Enterprise Value to EBIT (EV/EBIT)	30.16	31.45	37.49	32.76	32.23	35.42	30.20	22.81	24.40	22.53	9.50
Enterprise Value to NOPAT (EV/NOPAT)	31.39	32.74	39.04	33.93	33.19	36.38	31.06	23.42	25.02	23.06	13.58
Enterprise Value to Operating Cash Flow (EV/OCF)	21.81	22.05	25.96	23.40	25.24	29.55	25.15	20.00	21.36	19.11	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	64.21	56.67	57.51	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.58
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.83	0.81	0.75	0.69	0.66	0.65	0.64	1.54	1.49	1.54	0.00
Long-Term Debt to Equity	0.83	0.81	0.75	0.69	0.66	0.65	0.60	1.54	1.49	1.54	0.00
Financial Leverage	0.57	0.56	0.54	0.65	0.64	0.65	0.39	0.57	1.12	1.03	0.00
Leverage Ratio	1.88	1.86	1.82	2.09	2.05	2.03	2.01	2.95	3.01	2.88	0.00
Compound Leverage Factor	1.32	1.30	1.11	1.29	1.32	1.31	1.28	2.25	2.32	2.28	0.00
Debt to Total Capital	45.32%	44.71%	42.87%	40.87%	39.83%	39.30%	38.92%	60.65%	59.91%	60.60%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	2.44%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	45.32%	44.71%	42.87%	40.87%	39.83%	39.30%	36.47%	60.65%	59.91%	60.60%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.30%	3.39%	3.62%	3.74%	3.90%	4.03%	4.04%	7.60%	7.75%	7.91%	0.00%
Common Equity to Total Capital	51.38%	51.89%	53.51%	55.39%	56.27%	56.67%	57.04%	31.75%	32.35%	31.49%	0.00%
Debt to EBITDA	5.56	5.55	5.28	5.04	5.28	5.82	6.54	4.46	4.34	4.65	0.00
Net Debt to EBITDA	4.15	4.15	4.11	3.79	4.15	4.61	5.10	3.25	3.25	3.52	0.00
Long-Term Debt to EBITDA	5.56	5.55	5.28	5.04	5.28	5.82	6.13	4.46	4.34	4.65	0.00
Debt to NOPAT	9.26	9.45	9.15	8.50	8.39	8.76	9.22	5.93	5.73	6.11	0.00
Net Debt to NOPAT	6.91	7.08	7.12	6.40	6.59	6.94	7.19	4.32	4.29	4.62	0.00
Long-Term Debt to NOPAT	9.26	9.45	9.15	8.50	8.39	8.76	8.64	5.93	5.73	6.11	0.00
Altman Z-Score	1.43	1.46	1.85	1.67	1.64	1.72	1.29	1.59	1.76	1.55	0.00
Noncontrolling Interest Sharing Ratio	6.26%	6.39%	6.48%	9.07%	9.17%	9.45%	9.41%	18.55%	-60.28%	18.92%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.33	0.40	0.23	0.20	0.15	0.30	0.21	0.24	0.27	0.54	0.16
Quick Ratio	0.33	0.40	0.23	0.20	0.15	0.30	0.21	0.24	0.27	0.54	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-300	-166	-109	-14,150	-14,363	-14,175	-23,011	-8,300	-8,288	-1,379	262
Operating Cash Flow to CapEx	772.87%	246.84%	1,555.57%	786.46%	476.75%	378.03%	0.00%	583.55%	2,353.94%	177.22%	53.51%
Free Cash Flow to Firm to Interest Expense	-1.95	-1.11	-0.71	-95.62	-100.03	-101.09	-175.48	-96.09	-103.47	-18.91	4.66
Operating Cash Flow to Interest Expense	3.13	2.73	3.04	3.68	3.24	2.60	3.11	4.03	3.52	3.98	5.47
Operating Cash Flow Less CapEx to Interest Expense	2.73	1.62	2.85	3.22	2.56	1.91	3.12	3.34	3.37	1.73	-4.75
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.12	0.12	0.12	0.16	0.14	0.13	0.12	0.17	0.33	0.17	0.00
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.13	0.13	0.13	0.00	0.00	0.15	0.13	0.00	0.00	0.00	0.00
Accounts Payable Turnover	2.44	2.44	1.97	2.63	2.71	2.42	1.71	2.39	0.00	2.77	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	149.65	149.46	185.53	138.77	134.69	150.94	213.95	152.70	0.00	131.62	0.00
Cash Conversion Cycle (CCC)	-149.65	-149.46	-185.53	-138.77	-134.69	-150.94	-213.95	-152.70	0.00	-131.62	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	23,910	23,855	23,694	23,004	23,234	23,318	23,300	8,565	8,546	8,817	0.00
Invested Capital Turnover	0.14	0.14	0.14	0.20	0.18	0.16	0.19	0.47	0.46	0.24	0.00
Increase / (Decrease) in Invested Capital	676	537	394	14,439	14,688	14,501	23,300	8,565	8,546	1,642	0.00
Enterprise Value (EV)	41,503	41,620	47,870	41,736	40,039	41,449	33,403	24,546	26,319	23,662	21,918
Market Capitalization	31,480	31,713	38,187	32,904	31,101	32,522	24,640	19,236	21,027	18,105	21,918
Book Value per Share	$65.50	$65.80	$66.11	$66.98	$67.57	$68.11	$68.81	$24.11	$24.10	$24.34	$24.27
Tangible Book Value per Share	$65.50	$65.80	$66.11	$66.98	$67.57	$68.11	$68.81	$24.11	$24.10	$24.34	$24.27
Total Capital	27,026	26,877	26,181	25,589	25,409	25,394	25,485	10,255	10,058	10,350	0.00
Total Debt	12,247	12,017	11,223	10,458	10,120	9,980	9,918	6,219	6,025	6,272	0.00
Total Long-Term Debt	12,247	12,017	11,223	10,458	10,120	9,980	9,295	6,219	6,025	6,272	0.00
Net Debt	9,132	8,996	8,735	7,874	7,945	7,904	7,733	4,530	4,513	4,739	0.00
Capital Expenditures (CapEx)	62	165	30	69	98	96	-0.93	60	12	164	575
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-359	-347	-389	-382	-338	-335	-430	-212	-178	-172	-506
Debt-free Net Working Capital (DFNWC)	-240	-208	-300	-305	-287	-235	-214	-162	-130	-79	-506
Net Working Capital (NWC)	-240	-208	-300	-305	-287	-235	-837	-162	-130	-79	-506
Net Nonoperating Expense (NNE)	91	94	82	93	101	99	90	50	49	43	26
Net Nonoperating Obligations (NNO)	9,132	8,996	8,735	7,874	7,945	7,904	7,733	4,530	4,513	4,739	0.00
Total Depreciation and Amortization (D&A)	194	210	212	209	212	216	165	82	81	82	74
Debt-free, Cash-free Net Working Capital to Revenue	-10.97%	-10.64%	-12.03%	-12.10%	-11.83%	-13.07%	-18.96%	-10.52%	-8.98%	-8.92%	-16.88%
Debt-free Net Working Capital to Revenue	-7.32%	-6.40%	-9.27%	-9.66%	-10.05%	-9.20%	-9.43%	-8.01%	-6.56%	-4.10%	-16.88%
Net Working Capital to Revenue	-7.32%	-6.40%	-9.27%	-9.66%	-10.05%	-9.20%	-36.89%	-8.01%	-6.56%	-4.10%	-16.88%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.28	$1.23	$0.91	$0.88	$1.01	$0.82	$0.96	$1.50	$1.46	$1.51	$0.00
Adjusted Weighted Average Basic Shares Outstanding	211.85M	211.58M	211.70M	211.58M	211.28M	169.22M	195.32M	134.83M	134.51M	134.05M	133.91M
Adjusted Diluted Earnings per Share	$1.28	$1.23	$0.91	$0.88	$1.01	$0.82	$0.96	$1.50	$1.46	$1.52	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	212.05M	211.58M	220.30M	211.59M	220.02M	169.22M	195.33M	143.53M	142.94M	141.68M	133.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	212.21M	212.00M	211.98M	211.93M	211.73M	211.57M	211.28M	211.28M	135.05M	134.99M	133.91M
Normalized Net Operating Profit after Tax (NOPAT)	341	371	334	289	325	327	289	265	258	263	262
Normalized NOPAT Margin	41.63%	45.19%	40.44%	35.63%	40.69%	40.96%	38.62%	51.91%	51.28%	51.85%	52.51%
Pre Tax Income Margin	33.41%	32.25%	22.29%	23.19%	26.99%	27.01%	25.50%	40.68%	40.33%	42.21%	46.45%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.53	2.54	1.97	2.06	2.34	2.38	2.29	3.16	3.29	3.70	4.80
NOPAT to Interest Expense	2.45	2.48	1.85	1.95	2.27	2.33	2.20	3.07	3.22	3.60	4.66
EBIT Less CapEx to Interest Expense	2.12	1.43	1.77	1.59	1.66	1.69	2.29	2.47	3.14	1.45	-5.42
NOPAT Less CapEx to Interest Expense	2.04	1.38	1.66	1.48	1.59	1.64	2.21	2.38	3.07	1.36	-5.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	149.57%	159.76%	168.63%	160.69%	142.37%	130.06%	114.37%	101.57%	96.15%	93.70%	0.00%
Augmented Payout Ratio	149.57%	159.81%	168.69%	160.75%	142.37%	130.06%	114.37%	101.57%	96.15%	100.54%	0.00%

Frequently Asked Questions About Extra Space Storage's Financials

When does Extra Space Storage's financial year end?

According to the most recent income statement we have on file, Extra Space Storage's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Extra Space Storage's net income changed over the last 9 years?

Extra Space Storage's net income appears to be on an upward trend, with a most recent value of $900.23 million in 2024, rising from $209.54 million in 2015. The previous period was $850.45 million in 2023. Check out Extra Space Storage's forecast to explore projected trends and price targets.

What is Extra Space Storage's operating income?

Extra Space Storage's total operating income in 2024 was $1.32 billion, based on the following breakdown:

Total Gross Profit: $2.43 billion
Total Operating Expenses: $1.10 billion

How has Extra Space Storage revenue changed over the last 9 years?

Over the last 9 years, Extra Space Storage's total revenue changed from $71.97 million in 2015 to $3.26 billion in 2024, a change of 4,425.3%.

How much debt does Extra Space Storage have?

Extra Space Storage's total liabilities were at $13.99 billion at the end of 2024, a 16.2% increase from 2023, and a 278.2% increase since 2015.

How much cash does Extra Space Storage have?

In the past 9 years, Extra Space Storage's cash and equivalents has ranged from $43.86 million in 2016 to $138.22 million in 2024, and is currently $138.22 million as of their latest financial filing in 2024.

How has Extra Space Storage's book value per share changed over the last 9 years?

Over the last 9 years, Extra Space Storage's book value per share changed from 16.92 in 2015 to 65.80 in 2024, a change of 288.8%.

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This page (NYSE:EXR) was last updated on 5/25/2025 by MarketBeat.com Staff

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Extra Space Storage (EXR) Financials

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