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Research & education only — not financial advice.TENK is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities TENK rates — see Disclosures. Do your own research.

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TTENK/calls
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Home›EXR›Financials
Annual statements · SEC XBRL · FY2016 – FY2025

Extra Space Storage Inc. (EXR) financials

Income statement

Extra Space Storage Inc. (EXR) income statement, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$39.8M$39.4M$41.8M$49.9M$52.1M$66.3M$83.9M$102M$121M$129M
Revenue growth—-1.2%6.0%19.5%4.5%27.1%26.6%21.6%18.5%7.1%
Operating income$458M$654M$620M$635M$666M$976M$1.05B$1.17B$1.32B$1.41B
Operating margin1150.3%1661.8%1484.1%1272.7%1277.9%1472.8%1251.9%1147.4%1095.0%1091.1%
Net income$366M$479M$415M$420M$482M$828M$861M$803M$855M$974M
Net margin918.9%1216.4%994.5%841.8%924.2%1249.0%1025.8%787.6%707.2%752.3%
EPS (diluted)$2.91$3.76$3.27$3.24$3.71$6.19$6.41$4.74$4.03$4.59

Cash flow

Extra Space Storage Inc. (EXR) cash flow, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$539M$597M$678M$708M$771M$952M$1.24B$1.40B$1.89B$1.85B
Capital expenditures——————$1.19B$136M$479M$562M
Free cash flow——————$44.9M$1.27B$1.41B$1.29B
Share buybacks——$0.00$0.00$67.9M$0.00$63.0M$0.00$0.00$150M
Dividends paid$368M$393M$425M$458M$468M$601M$805M$1.05B$1.38B$1.37B

Balance sheet

Extra Space Storage Inc. (EXR) balance sheet, annual, from SEC filings
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$43.9M$55.7M$57.5M$65.7M$109M$71.1M$92.9M$99.1M$138M$139M
Total assets$7.09B$7.46B$7.85B$8.53B$9.40B$10.5B$12.2B$27.5B$28.8B$29.3B
Total liabilities$4.50B$4.74B$5.06B$5.61B$6.46B$6.69B$8.09B$12.0B$14.0B$14.9B
Shareholders' equity$2.24B$2.35B$2.41B$2.54B$2.55B$3.12B$3.26B$14.4B$13.9B$13.4B
Retained earnings-$339M-$253M-$263M-$301M-$355M-$128M-$136M-$379M-$899M-$1.45B
Shares (wtd avg diluted)126M134M133M136M130M140M142M169M212M212M

Every figure is extracted from Extra Space Storage Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.

Common questions

What is Extra Space Storage Inc.'s annual revenue?
Extra Space Storage Inc. (EXR) reported $129M of revenue for fiscal year 2025 — up 7.1% from $121M in FY2024, per its annual report filed with the SEC.
Is Extra Space Storage Inc. profitable?
Yes — EXR earned $974M of net income in FY2025, a 752.3% net margin, per SEC filings.
What is Extra Space Storage Inc.'s free cash flow?
$1.29B in FY2025 (operating cash flow $1.85B minus $562M of capital expenditures), from the SEC cash-flow statement.
Does EXR pay a dividend?
Yes — Extra Space Storage Inc. paid $1.37B in cash dividends during FY2025, per its SEC cash-flow statement.
Full EXR analysis — verdict, score & filings →Is EXR a buy? →

Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.