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. In the quarter to June 2026, revenue grew 3.87%, EPS grew 5.93%, free cash flow grew 60.4% and total debt rose 5.75%, each against the same quarter a year earlier. Member of the S&P 500; dividend growth for three consecutive years, revenue growth for ten.
Follow EXR
Extra Space Storage Inc (EXR) Operating margin
Extra Space Storage Inc's operating margin over the twelve months to 30 June 2026 was 40.9%, down 0.9 percentage points from fiscal 2025 (41.8%). Over the past ten years it has ranged from 37.7% (fiscal 2015) to 61.9% (fiscal 2021); the current reading is higher than 27% of that period. That is in line with the Reit Industrial industry median of 39.9% and above the Real Estate sector median of 18.8%.
Operating margin, annual
Embed this chart
Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 41.8% | 1.20 |
| FY2024 | 40.6% | (5.07) |
| FY2023 | 45.7% | (8.89) |
| FY2022 | 54.6% | (7.28) |
| FY2021 | 61.9% | 12.75 |
| FY2020 | 49.1% | 0.59 |
| FY2019 | 48.5% | (3.26) |
| FY2018 | 51.8% | (7.43) |
| FY2017 | 59.2% | 13.01 |
| FY2016 | 46.2% | 8.54 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 44.9% | 1.92 |
| Mar 2026 | 42.9% | (0.31) |
| Dec 2025 | 43.3% | 10.74 |
| Sep 2025 | 32.5% | (11.92) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| PLD Prologis, Inc. compare | 54.8% |
| PSA Public Storage compare | 45.3% |
| FR First Industrial Realty Trust, Inc. compare | 41.6% |
| TRNO Terreno Realty Corporation compare | 41.4% |
| EXR Extra Space Storage Inc | 40.9% |
| EGP EastGroup Properties, Inc. compare | 40.5% |
| CUBE CubeSmart compare | 39.9% |
| REXR Rexford Industrial Realty, Inc. compare | 39.3% |
| LINE Lineage, Inc. compare | 3.57% |
| Reit Industrial industry median | 39.9% |
| Real Estate sector median | 18.8% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
More on EXR
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- The full statement