Saturday 17 October 2026 Export EXR’s income statement to Excel — free account

Extra Space Storage Inc

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.

139.61 1.92 +1.39%

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Market cap: $30.4B
P/E: 30.8×
Fwd P/E: 31.3×
Dividend yield: 4.64%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 1.56

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	1	—	—	1	—	—	—	—

Insider Ownership 0.96%

Capital & Financial Ratios $m

Market Cap 30,380.00

Revenue 3,446.11

Net Income 1,003.20

Free Cash Flow 1,311.93

Net Debt 12,951.45

Current Ratio 1.56

Debt/Equity 0.96

P/E ratio 30.82

Fwd P/E 31.30

P/S ratio 8.55

P/B ratio 2.08

Past 5Y EPS Growth 4.35%

This Y EPS Growth 1.47%

Next Y EPS Growth 4.50%

Next Y revenue growth (11.86%)

Next 5Y EPS Growth 3.97%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 47.92%

10-year low 10-year high

P/S against its own 10 years 5.20%

10-year low 10-year high

P/B against its own 10 years 13.12%

10-year low 10-year high

EV/Sales against its own 10 years 5.16%

10-year low 10-year high

EV/FCF against its own 10 years 2.19%

10-year low 10-year high

Dividends

Payout Ratio 1.43

Annual Dividend Rate 6.48

Annual Dividend Yield 4.64%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	6.52	1.62 1.62 1.62
2025	6.48	1.62 1.62 1.62 1.62
2024	6.48	1.62 1.62 1.62 1.62
2023	6.48	1.62 1.62 1.01 0.61 1.62
2022	6.00	1.50 1.50 1.50 1.50
2021	4.50	1.00 1.00 1.25 1.25
2020	3.60	0.90 0.90 0.90 0.90
2019	3.56	0.86 0.90 0.90 0.90
2018	3.36	0.78 0.86 0.86 0.86
2017	3.12	0.78 0.78 0.78 0.78
2016	2.93	0.59 0.78 0.78 0.78

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	99	138	139	695
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	99	138	139	695

	2023	2024	2025	Q'26
Payables	335	347	358	445
ST’ Debt	—	—	—	—
Other	—	—	—	—
	335	347	358	445

Compound Annual Growth %

	10y	5y	3y
Sales	15.75%	20.02%	20.63%
Cash Flow	17.55%	19.13%	14.33%
Earnings	17.79%	15.12%	4.26%
Book Value	19.70%	37.30%	52.01%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	856	874	—	—	—
’25	820	842	858	857	3,378
’24	800	811	825	822	3,257
’23	503	511	748	798	2,560
’22	444	475	499	507	1,924
’21	359	379	412	427	1,577
’20	332	327	343	353	1,356

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	490	586	—	—	—
’25	481	544	457	368	1,850
’24	466	545	468	408	1,887
’23	282	348	408	365	1,402
’22	287	353	308	290	1,238
’21	204	260	266	223	952
’20	189	203	191	188	771

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	392	398	—	—	—
’25	358	248	331	191	1,128
’24	332	442	232	206	1,213
’23	214	246	307	201	968
’22	69	134	(391)	90	(99)
’21	160	95	36	(58)	232
’20	143	171	69	38	421

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.14	1.25	—	—	—
’25	1.28	1.18	0.78	1.36	4.59
’24	1.01	0.88	0.91	1.24	4.03
’23	1.46	1.50	0.96	1.02	4.74
’22	1.51	1.73	1.65	1.52	6.41
’21	1.53	1.25	1.40	2.00	6.19
’20	0.83	0.80	0.88	1.19	3.71

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	68.09	71.34	77.53	86.99	72.70	106.56	143.59	101.19	131.02	121.03	Analyst estimates 2026–2028 Powerpack
	High	94.81	88.56	101.96	124.46	121.07	228.84	227.18	170.30	184.87	162.77
People
People	Employees	3,287	3,380	3,624	4,048	4,013	4,309	4,781	7,618	8,012	8,393
	Revenue/emp, $m	0.30	0.33	0.33	0.32	0.34	0.37	0.40	0.34	0.41	0.40
Income, $m
Income, $m	Revenue	992	1,105	1,197	1,308	1,356	1,577	1,924	2,560	3,257	3,378
	Gross margin, %	73.23	73.65	73.47	72.07	71.46	74.76	75.63	73.80	72.20	70.78
	EBT	413	518	456	462	531	898	942	872	934	1,064
	EBT margin, %	41.63	46.86	38.13	35.34	39.18	56.94	48.96	34.06	28.67	31.51
	Net income	397	514	447	451	518	878	921	850	900	1,023
	Depreciation	195	206	223	232	234	252	297	525	800	727
Per share, $
Per share, $	Revenue	7.93	8.77	9.49	10.21	10.47	11.83	14.35	15.13	15.39	15.94
	Earnings	2.92	3.79	3.29	3.27	3.71	6.20	6.41	4.74	4.03	4.59
	Cash flow	4.31	4.74	5.38	5.52	5.95	7.14	9.24	8.29	8.92	8.73
	Capex	(8.43)	(3.02)	(3.48)	(3.12)	(2.71)	(5.40)	(9.97)	(2.57)	(3.19)	(3.41)
	Free cash flow	(4.11)	1.72	1.89	2.40	3.25	1.74	(0.74)	5.72	5.73	5.32
	Book value	20.75	21.62	22.09	22.79	22.67	28.39	30.42	91.09	70.23	67.61
	Shares, m	125	126	126	128	130	133	134	169	212	212
Valuation, ×
Valuation, ×	P/E	26.48	22.61	27.59	32.30	31.06	36.57	22.48	33.28	37.03	28.31
	P/S	9.72	9.77	9.53	10.35	11.07	19.17	10.05	10.87	9.72	8.17
	P/B	3.71	3.96	4.10	4.63	5.11	7.99	4.74	1.80	2.13	1.93
	EV/Sales	14.00	13.81	13.49	14.15	15.21	22.90	13.81	15.13	13.46	12.04
	EV/FCF	(26.98)	70.40	67.59	60.13	49.03	155.73	(268.94)	40.03	36.15	36.06
Cash, $m
Cash, $m	Operating cash flow	539	597	678	708	771	952	1,238	1,402	1,887	1,850
	Capex	(1,054)	(381)	(439)	(400)	(351)	(720)	(1,337)	(435)	(675)	(722)
	Free cash flow	(515)	217	239	308	421	232	(99)	968	1,213	1,128
Balance, $m
Balance, $m	Working capital	(27)	(10)	(29)	(41)	(2)	(71)	(79)	(235)	(208)	(219)
	Total debt	4,306	4,554	4,812	5,046	5,746	5,958	7,331	11,017	12,322	13,231
	Net debt	4,248	4,468	4,739	4,976	5,618	5,887	7,239	10,918	12,184	13,092
	Shareholders’ equity	2,596	2,724	2,785	2,922	2,936	3,786	4,078	15,414	14,859	14,324
Returns, %
Returns, %	ROA	5.56	6.58	5.43	5.13	5.37	8.32	7.59	4.05	3.04	3.35
	ROIC	4.18	5.69	5.15	5.03	4.87	6.31	5.80	2.78	3.06	3.22
	ROE	14.74	18.01	15.08	14.72	16.45	24.59	21.86	8.24	5.65	6.68

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PLD Prologis, Inc.	$123.0B	27.9×	41.4×	+7.84% (above 0%: growing)	+85.25% (above 0%: growing)	−18.29% (below 0%: shrinking)	75.04%	43.76%	Compare
PSA Public Storage	$55.2B	28.4×	30.0×	+2.65% (above 0%: growing)	+45.45% (above 0%: growing)	+0.90% (above 0%: growing)	72.09%	37.85%	Compare
EXR Extra Space Storage Inc	$30.4B	30.8×	31.3×	+3.87% (above 0%: growing)	+5.93% (above 0%: growing)	+60.40% (above 0%: growing)	71.51%	44.86%
EGP EastGroup Properties, Inc.	$10.5B	34.4×	34.0×	+9.05% (above 0%: growing)	+16.53% (above 0%: growing)	+447.46% (above 0%: growing)	73.78%	40.76%	Compare
CUBE CubeSmart	$8.7B	26.7×	28.0×	+1.48% (above 0%: growing)	+11.11% (above 0%: growing)	−5.25% (below 0%: shrinking)	66.48%	40.97%	Compare
REXR Rexford Industrial Realty, Inc.	$8.2B	— (loss-making)	27.3×	−1.60% (below 0%: shrinking)	n/m	+30.62% (above 0%: growing)	77.10%	41.60%	Compare
FR First Industrial Realty Trust, Inc.	$8.1B	21.4×	26.9×	+8.20% (above 0%: growing)	+38.10% (above 0%: growing)	+183.07% (above 0%: growing)	75.40%	45.08%	Compare
LINE Lineage, Inc.	$7.8B	— (loss-making)	— (loss-making)	+0.81% (above 0%: growing)	n/m	+91.92% (above 0%: growing)	31.23%	3.97%	Compare
TRNO Terreno Realty Corporation	$7.0B	17.2×	32.9×	+11.12% (above 0%: growing)	−40.00% (below 0%: shrinking)	−173.91% (below 0%: shrinking)	76.25%	41.77%	Compare
Median of peers	$8.5B	27.3×	30.0×	+5.25%	+27.32%	+15.76%	74.41%	41.29%

All 15 Reit Industrial stocks →

Extra Space Storage Inc (EXR) key facts

Strength: Extra Space Storage Inc’s revenue for fiscal 2025 (year ended December 2025) was $3.4 billion, up 3.70% from fiscal 2024.
Extra Space Storage Inc (EXR) is a Reit Industrial company in the Real Estate sector, listed on the New York Stock Exchange.
As of October 16, 2026, EXR traded at $139.61, a market capitalization of $30.4 billion.
Extra Space Storage Inc pays an annual dividend of $6.48 per share, a yield of 4.64%, with a payout ratio of 143.1%.
Return on equity was 6.68% and debt-to-equity 0.96.
Its Piotroski F-score is 5 out of 9 for fiscal 2025.