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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 December 31, 2025, the Company owned and/or operated 4,281 self-storage stores in 43 states and Washington, D.C. Its stores comprise approximately 2.9 million units and approximately 330.4 million square feet of rentable space operating under the Extra Space brand. 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. It is the largest operator of self-storage properties in the United States. Extra Space Storage Inc. was incorporated in 1977 in Maryland, USA.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.4B | $2.4B | $974M | $1.8B | 7.3% | 3.7% | 14.0% |
| 2024 | $3.3B | $2.3B | $855M | $1.9B | 6.1% | 27.2% | 6.4% |
| 2023 | $2.6B | $1.8B | $803M | $1.4B | 5.6% | 33.1% | -6.7% |
| 2022 | $1.9B | $1.4B | $861M | $1.2B | 26.4% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 3,377.54 |
| Operating Revenue | 3,377.54 |
| Cost Of Revenue | 987.02 |
| Gross Profit | 2,390.52 |
| Operating Expense | 901.52 |
| Selling General And Administration | 186.34 |
| Total Expenses | 1,888.54 |
| Operating Income | 1,489 |
| Total Operating Income As Reported | 1,412.69 |
| EBITDA | 2,414.41 |
| Normalized EBITDA | 2,436.20 |
| EBIT | 1,699.23 |
| Interest Income | 163.20 |
| Interest Expense | 635.13 |
| Net Interest Income | -471.93 |
| Other Income Expense | 47.03 |
| Interest Income Non Operating | 163.20 |
| Interest Expense Non Operating | 635.13 |
| Net Non Operating Interest Income Expense | -471.93 |
| Pretax Income | 1,064.10 |
| Tax Provision | 41.56 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -0.85 |
| Net Income Continuous Operations | 1,022.54 |
| Net Income From Continuing And Discontinued Operation | 974 |
| Net Income From Continuing Operation Net Minority Interest | 974 |
| Net Income | 974 |
| Net Income Common Stockholders | 972.26 |
| Net Income Including Noncontrolling Interests | 1,022.54 |
| Normalized Income | 994.94 |
| Diluted NI Availto Com Stockholders | 972.26 |
| Basic Average Shares | 211.85 |
| Diluted Average Shares | 211.85 |
| Reconciled Depreciation | 715.18 |
| Reconciled Cost Of Revenue | 987.02 |
| Total Unusual Items | -21.79 |
| Total Unusual Items Excluding Goodwill | -21.79 |
| Minority Interests | -48.54 |
| Special Income Charges | 54.52 |
| Gain On Sale Of Business | 54.52 |
| Impairment Of Capital Assets | 0 |
| Restructuring And Mergern Acquisition | 0 |
| Gain On Sale Of Security | -76.31 |
| Depreciation Amortization Depletion Income Statement | 715.18 |
| Depreciation And Amortization In Income Statement | 715.18 |
| General And Administrative Expense | 186.34 |
| Other Gand A | 186.34 |
| Otherunder Preferred Stock Dividend | 1.74 |
| Earnings From Equity Interest | 68.82 |
| Average Dilution Earnings | - |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Extra Space Storage Inc.this co. | EXR | $32.2B | 33.05↑ premium | 2.40 | 7.3% | 19.07 |
| Crown Castle Inc. | CCI | $40.9B | 92.20 | -25.04 | -27.2% | 25.60 |
| Iron Mountain Incorporated | IRM | $38.8B | 268.02 | -39.50 | -14.7% | 27.26 |
| Ventas, Inc. | VTR | $38.5B | 152.98 | 3.07 | 2.0% | 22.43 |
| CBRE Group, Inc. | CBRE | $38.3B |
| - |
| - |
| - |
| - |
| - |
| - |
| 33.14 |
| 4.32 |
| 13.0% |
| 22.97 |
| VICI Properties Inc. | VICI | $29.3B | 10.56 | 1.05 | 10.0% | 12.66 |
| AvalonBay Communities, Inc. | AVB | $26.8B | 25.53 | 2.31 | 9.1% | 16.22 |
| Equity Residential | EQR | $26.2B | 23.42 | 2.38 | 10.2% | 13.85 |
| SBA Communications Corporation | SBAC | $22.0B | 20.92 | -4.54 | -21.7% | 18.45 |
| Peer Median | - | 29.34 | 1.68 | 5.5% | 20.44 | |