Extra Space Storage Inc

EXR Real Estate Reit Industrial

Extra Space Storage Inc’s revenue for fiscal 2025 (year ended December 2025) was $3.4 billion, up 3.70% from fiscal 2024.

Revenue
+3.65%
EPS
+50.0%
Free cash flow
−27.7%
Total debt
+3.90%

Quarter to September 2026, against a year earlier

159.24 0.88 −0.55%
Market cap
$34.9B
P/E
32.5×
Fwd P/E
32.6×
Dividend yield
4.05%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Extra Space Storage Inc (EXR) Gross margin

Alert me on Gross margin

Extra Space Storage Inc's gross margin over the twelve months to 30 September 2026 was 70.9%, up 0.2 percentage points from fiscal 2025 (70.8%). Over the past ten years it has ranged from 70.8% (fiscal 2025) to 75.6% (fiscal 2022) — the current reading is the lowest in ten years. That is in line with the Reit Industrial industry median of 73.8% and above the Real Estate sector median of 62.8%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 70.8% (1.42)
FY2024 72.2% (1.60)
FY2023 73.8% (1.83)
FY2022 75.6% 0.87
FY2021 74.8% 3.30
FY2020 71.5% (0.61)
FY2019 72.1% (1.40)
FY2018 73.5% (0.18)
FY2017 73.7% 0.42
FY2016 73.2% 0.97

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 71.1% (0.37)
Jun 2026 71.5% 1.44
Mar 2026 70.1% (0.95)
Dec 2025 71.0% 0.52
43 more quarters

Against its own ten years

Low 70.8% High 75.6%
Ten-year median 73.2%
Current reading's percentile 12

Gross margin against peers

Company Gross margin
REXR Rexford Industrial Realty, Inc. compare 76.6%
TRNO Terreno Realty Corporation compare 76.0%
PLD Prologis, Inc. compare 74.3%
EGP EastGroup Properties, Inc. compare 73.8%
FR First Industrial Realty Trust, Inc. compare 73.8%
PSA Public Storage compare 72.4%
EXR Extra Space Storage Inc 70.9%
CUBE CubeSmart compare 67.7%
LINE Lineage, Inc. compare 32.0%
Reit Industrial industry median 73.8%
Real Estate sector median 62.8%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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