Extra Space Storage (EXR) Financials

$140.99 +2.77 (+2.01%)

Closing price 03:59 PM Eastern

Extended Trading

$141.26 +0.27 (+0.19%)

As of 05:15 PM Eastern

Annual Income Statements for Extra Space Storage

This table shows Extra Space Storage's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	189	366	479	415	420	482	828	861	803	855
Consolidated Net Income / (Loss)	210	397	514	447	451	518	878	921	850	900
Net Income / (Loss) Continuing Operations	-224	397	514	447	451	518	872	921	850	887
Total Pre-Tax Income	-213	331	503	442	451	509	859	901	817	853
Total Operating Income	295	458	654	620	635	666	976	1,050	1,170	1,323
Total Gross Profit	-132	742	833	905	972	996	1,209	1,489	1,948	2,425
Total Revenue	72	992	1,105	1,197	1,308	1,356	1,577	1,924	2,560	3,257
Operating Revenue	72	992	1,105	1,197	1,308	1,356	1,577	1,924	2,560	3,257
Total Cost of Revenue	204	250	272	292	336	361	369	435	612	832
Operating Cost of Revenue	204	250	272	292	336	361	369	435	612	832
Total Operating Expenses	81	292	179	285	337	329	233	438	778	1,102
Selling, General & Admin Expense	68	82	79	81	89	97	102	129	146	167
Depreciation Expense	-	183	193	209	220	224	242	288	506	783
Other Operating Expenses / (Income)	13	16	-94	-5.10	28	8.42	-111	19	126	100
Impairment Charge	-	-	-	-	-	-	-	-	-	52
Restructuring Charge	-	12	-	-	-	0.00	0.00	1.55	0.00	0.00
Total Other Income / (Expense), net	0.15	-119	-152	-178	-184	-157	-116	-150	-353	-471
Interest Expense	3.31	138	159	183	191	172	166	219	438	595
Interest & Investment Income	3.46	11	6.74	5.29	7.47	15	50	69	85	124
Income Tax Expense	11	16	3.63	9.24	11	14	20	21	22	33
Other Gains / (Losses), net	-	82	15	14	11	22	32	41	55	67
Other Adjustments to Consolidated Net Income / (Loss)	-	-	-	-	-	-	-	-	-	14
Net Income / (Loss) Attributable to Noncontrolling Interest	20	31	35	32	31	36	50	60	47	46
Basic Earnings per Share	$1.58	$2.92	$3.79	$3.29	$3.27	$3.71	$6.20	$6.41	$4.74	$4.03
Weighted Average Basic Shares Outstanding	119.82M	125.09M	125.97M	126.09M	128.20M	129.54M	133.37M	134.05M	169.22M	211.58M
Diluted Earnings per Share	$1.56	$2.91	$3.76	$3.27	$3.24	$3.71	$6.19	$6.41	$4.74	$4.03
Weighted Average Diluted Shares Outstanding	126.92M	125.95M	134.16M	133.16M	136.43M	129.58M	140.02M	141.68M	169.22M	211.58M
Weighted Average Basic & Diluted Shares Outstanding	119.82M	125.09M	125.97M	126.09M	128.20M	129.54M	133.37M	134.99M	211.57M	212.00M
Cash Dividends to Common per Share	$2.24	$2.93	$3.12	$3.36	$3.56	$0.90	$4.50	$6.00	$6.48	$6.48

This table shows Extra Space Storage's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	221	204	196	202	188	216	213	186	193	262
Consolidated Net Income / (Loss)	236	219	209	215	199	227	224	195	203	278
Net Income / (Loss) Continuing Operations	225	231	209	215	199	227	224	195	173	294
Total Pre-Tax Income	232	214	203	208	191	215	216	188	184	265
Total Operating Income	270	270	264	273	300	333	336	305	303	380
Total Gross Profit	384	394	386	397	563	603	595	614	616	601
Total Revenue	499	507	503	511	748	798	800	811	825	822
Operating Revenue	499	507	503	511	748	798	800	811	825	822
Total Cost of Revenue	115	113	117	115	185	195	205	197	209	221
Operating Cost of Revenue	115	113	117	115	185	195	205	197	209	221
Total Operating Expenses	114	124	122	123	263	269	259	309	313	221
Selling, General & Admin Expense	32	36	35	35	37	39	44	40	40	44
Depreciation Expense	71	80	78	79	152	196	197	195	195	196
Other Operating Expenses / (Income)	11	8.21	9.09	9.48	73	34	19	74	26	-19
Total Other Income / (Expense), net	-38	-56	-61	-65	-109	-118	-120	-117	-119	-115
Interest Expense	56	73	80	86	131	140	144	148	154	150
Interest & Investment Income	18	17	19	21	22	22	24	31	35	35
Income Tax Expense	6.76	5.41	4.31	5.99	6.94	4.32	6.74	9.84	11	6.04
Net Income / (Loss) Attributable to Noncontrolling Interest	11	20	13	13	11	11	11	9.54	9.74	15
Basic Earnings per Share	$1.65	$1.51	$1.46	$1.50	$0.96	$0.82	$1.01	$0.88	$0.91	$1.23
Weighted Average Basic Shares Outstanding	133.91M	134.05M	134.51M	134.83M	195.32M	169.22M	211.28M	211.58M	211.70M	211.58M
Diluted Earnings per Share	$1.65	$1.52	$1.46	$1.50	$0.96	$0.82	$1.01	$0.88	$0.91	$1.23
Weighted Average Diluted Shares Outstanding	141.50M	141.68M	142.94M	143.53M	195.33M	169.22M	220.02M	211.59M	220.30M	211.58M
Weighted Average Basic & Diluted Shares Outstanding	133.91M	134.99M	135.05M	211.28M	211.28M	211.57M	211.73M	211.93M	211.98M	212.00M

This table details how cash moves in and out of Extra Space Storage's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	28	-49	28	-13	-1.96	57	-52	22	7.35	38
Net Cash From Operating Activities	367	539	597	678	708	771	952	1,238	1,402	1,887
Net Cash From Continuing Operating Activities	367	539	597	678	708	771	952	1,238	1,402	1,887
Net Income / (Loss) Continuing Operations	210	397	514	447	451	518	878	921	850	900
Consolidated Net Income / (Loss)	210	397	514	447	451	518	878	921	850	900
Depreciation Expense	133	183	193	209	220	224	242	288	506	783
Amortization Expense	8.68	17	17	19	17	13	11	8.77	38	60
Non-Cash Adjustments To Reconcile Net Income	6.23	-66	-99	-13	19	-1.79	-157	-18	8.79	86
Changes in Operating Assets and Liabilities, net	9.43	8.67	-29	15	0.71	18	-21	38	-0.56	58
Net Cash From Investing Activities	-1,626	-1,049	-353	-444	-622	-955	-838	-1,648	-1,818	-1,647
Net Cash From Continuing Investing Activities	-1,626	-1,049	-353	-444	-622	-955	-838	-1,648	-1,818	-1,647
Purchase of Property, Plant & Equipment	-357	-1,091	-661	-431	-357	-327	-1,237	-1,314	-337	-671
Acquisitions	-1,204	-28	-	-	-	0.00	0.00	-157	0.00	0.00
Sale of Property, Plant & Equipment	0.80	61	312	52	11	107	745	249	170	309
Sale and/or Maturity of Investments	45	60	45	74	158	10	83	284	142	141
Other Investing Activities, net	-110	-23	-49	-140	-433	-445	-428	-710	-1,793	-1,425
Net Cash From Financing Activities	1,286	461	-216	-247	-88	241	-167	432	423	-202
Net Cash From Continuing Financing Activities	1,286	461	-216	-247	-88	241	-166	432	423	-202
Repayment of Debt	-1,551	-1,162	-1,116	-1,291	-2,012	-2,594	-5,511	-4,217	-7,128	-8,748
Repurchase of Preferred Equity	-	-	-	-	-	-	-	-	-	0.00
Repurchase of Common Equity	-	-	-	0.00	0.00	-68	0.00	-63	0.00	-0.52
Payment of Dividends	-294	-399	-425	-458	-492	-501	-640	-863	-1,106	-1,438
Issuance of Debt	2,685	1,900	1,326	1,413	2,214	3,297	5,707	5,584	8,663	9,986
Issuance of Common Equity	447	123	0.20	90	199	104	273	0.00	0.07	0.39
Other Financing Activities, net	-1.34	-2.01	-1.24	-1.39	3.06	3.76	4.57	-9.12	-5.49	-2.34
Cash Interest Paid	90	122	136	159	174	160	152	197	339	499
Cash Income Taxes Paid	1.78	15	5.65	0.73	10	5.18	26	19	23	34

This table details how cash moves in and out of Extra Space Storage's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	24	3.38	-47	2.47	170	-118	-50	26	13	49
Net Cash From Operating Activities	308	290	282	348	408	365	466	545	468	408
Net Cash From Continuing Operating Activities	308	290	282	353	403	365	466	545	468	408
Net Income / (Loss) Continuing Operations	236	219	209	215	199	227	224	195	203	278
Consolidated Net Income / (Loss)	236	219	209	215	199	227	224	195	203	278
Depreciation Expense	71	80	78	79	152	196	197	195	195	196
Amortization Expense	2.42	2.42	2.60	2.87	12	20	15	15	17	14
Non-Cash Adjustments To Reconcile Net Income	0.04	-1.60	0.71	8.12	-8.04	8.00	6.66	53	55	-28
Changes in Operating Assets and Liabilities, net	-2.38	-10	-9.04	47	48	-87	23	88	-1.49	-52
Net Cash From Investing Activities	-672	-406	-86	-271	-1,278	-182	-282	-483	-113	-769
Net Cash From Continuing Investing Activities	-672	-406	-86	-271	-1,278	-182	-282	-483	-113	-769
Purchase of Property, Plant & Equipment	-696	-170	-51	-82	-74	-130	-98	-69	-210	-294
Sale of Property, Plant & Equipment	122	6.35	39	22	74	33	0.00	-	180	129
Sale and/or Maturity of Investments	41	19	22	25	27	69	12	40	102	-13
Other Investing Activities, net	-343	-262	-96	-236	-1,306	-154	-196	-453	-185	-591
Net Cash From Financing Activities	389	119	-243	-74	1,040	-300	-233	-36	-343	410
Net Cash From Continuing Financing Activities	389	119	-243	-74	1,040	-300	-233	-36	-343	410
Repayment of Debt	-1,427	-868	-1,885	-1,389	-1,395	-2,459	-2,153	-1,260	-2,662	-2,672
Payment of Dividends	-215	-212	-234	-233	-285	-354	-360	-359	-359	-359
Issuance of Debt	2,031	1,204	1,882	1,548	2,715	2,518	2,279	1,584	2,679	3,444
Issuance of Common Equity	-	-	0.00	-	-	0.07	0.59	-0.23	0.01	0.01
Cash Interest Paid	55	59	79	72	57	131	108	122	151	118
Cash Income Taxes Paid	5.37	4.47	1.91	9.92	8.39	2.53	1.54	20	8.60	3.14

This table presents Extra Space Storage's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	6,071	7,091	7,461	7,848	8,532	9,396	10,474	12,167	27,456	28,848
Total Current Assets	107	58	86	73	71	128	71	93	99	138
Cash & Equivalents	76	44	56	57	66	109	71	93	99	138
Plant, Property, & Equipment, net	0.00	0.00	0.00	7,492	7,697	7,894	0.00	9,998	24,556	24,588
Total Noncurrent Assets	5,965	6,954	7,375	283	765	1,374	10,403	2,077	2,801	4,122
Long-Term Investments	103	-	76	125	382	991	1,177	1,440	1,976	2,883
Other Noncurrent Operating Assets	5,862	6,954	7,299	158	383	383	9,227	636	825	1,239
Total Liabilities & Shareholders' Equity	6,071	7,091	7,461	7,848	8,532	9,396	10,474	12,167	27,456	28,848
Total Liabilities	3,699	4,495	4,737	5,063	5,611	6,460	6,689	8,089	12,042	13,989
Total Current Liabilities	83	101	96	101	111	130	142	172	335	347
Accounts Payable	83	101	96	101	111	130	142	172	335	347
Total Noncurrent Liabilities	740	453	4,641	4,930	5,499	6,330	6,546	7,918	11,708	13,642
Long-Term Debt	660	365	4,554	4,781	5,046	3,463	4,637	6,043	9,743	11,311
Capital Lease Obligations	-	-	-	0.00	275	263	-	229	237	706
Other Noncurrent Operating Liabilities	80	88	87	150	178	2,603	1,909	1,646	1,728	1,625
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,373	2,596	2,724	2,785	2,922	2,936	3,786	4,078	15,414	14,859
Total Preferred & Common Equity	2,089	2,245	2,351	2,414	2,540	2,548	3,116	3,260	14,391	13,948
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	2,089	2,245	2,351	2,414	2,540	2,548	3,116	3,260	14,391	13,948
Common Stock	2,433	2,567	2,571	2,642	2,870	3,002	3,287	3,347	14,753	14,834
Retained Earnings	-338	-339	-253	-263	-301	-355	-128	-136	-379	-899
Accumulated Other Comprehensive Income / (Loss)	-6.35	17	33	35	-29	-99	-43	49	17	13
Noncontrolling Interest	284	351	373	372	382	388	669	819	1,023	912

This table presents Extra Space Storage's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	11,841	12,167	12,133	12,365	27,626	27,456	27,480	27,762	28,063	28,848
Total Current Assets	94	93	48	51	216	99	51	77	89	138
Cash & Equivalents	87	93	48	51	216	99	51	77	89	138
Plant, Property, & Equipment, net	9,877	9,998	0.00	0.00	24,557	24,556	24,495	24,341	24,385	24,588
Total Noncurrent Assets	1,869	2,077	12,085	12,315	2,853	2,801	2,935	3,344	3,589	4,122
Long-Term Investments	1,227	1,440	1,465	1,639	1,969	1,976	2,125	2,508	2,399	2,883
Other Noncurrent Operating Assets	642	636	10,620	10,676	636	825	810	836	1,190	1,239
Total Liabilities & Shareholders' Equity	11,841	12,167	12,133	12,365	27,626	27,456	27,480	27,762	28,063	28,848
Total Liabilities	7,771	8,089	8,100	8,330	12,059	12,042	12,191	12,631	13,104	13,989
Total Current Liabilities	191	172	178	212	1,053	335	338	382	389	347
Accounts Payable	191	172	178	212	430	335	338	382	389	347
Total Noncurrent Liabilities	7,580	7,918	7,922	8,118	11,006	11,708	11,853	12,249	12,716	13,642
Long-Term Debt	5,697	6,043	6,025	6,219	9,053	9,743	9,888	10,229	10,516	11,311
Capital Lease Obligations	234	229	-	-	242	237	233	229	706	706
Other Noncurrent Operating Liabilities	1,650	1,646	1,896	1,898	1,711	1,728	1,733	1,791	1,493	1,625
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,069	4,078	4,033	4,035	15,567	15,414	15,289	15,131	14,959	14,859
Total Preferred & Common Equity	3,251	3,260	3,253	3,256	14,537	14,391	14,297	14,173	14,011	13,948
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,251	3,260	3,253	3,256	14,537	14,391	14,297	14,173	14,011	13,948
Common Stock	3,341	3,347	3,378	3,385	14,745	14,753	14,779	14,813	14,825	14,834
Retained Earnings	-139	-136	-160	-176	-253	-379	-510	-668	-818	-899
Accumulated Other Comprehensive Income / (Loss)	49	49	35	47	45	17	28	27	3.34	13
Noncontrolling Interest	819	819	779	780	1,030	1,023	992	958	948	912

This table displays calculated financial ratios and metrics derived from Extra Space Storage's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-88.88%	1,278.16%	11.41%	0.00%	0.00%	0.00%	16.31%	21.99%	33.06%	27.21%
EBITDA Growth	10.78%	52.56%	29.82%	286.02%	243.42%	234.17%	35.94%	9.69%	27.19%	26.41%
EBIT Growth	7.92%	58.41%	40.20%	235.98%	204.48%	198.91%	46.51%	7.63%	11.40%	13.09%
NOPAT Growth	-22.84%	111.55%	48.89%	290.20%	245.52%	237.46%	47.03%	7.67%	11.04%	11.60%
Net Income Growth	6.96%	89.51%	29.50%	0.00%	0.00%	0.00%	69.59%	4.94%	-7.68%	5.85%
EPS Growth	1.96%	86.54%	29.21%	0.00%	0.00%	0.00%	66.85%	3.55%	-26.05%	-14.98%
Operating Cash Flow Growth	8.81%	46.81%	10.78%	0.00%	0.00%	0.00%	23.50%	30.00%	13.27%	34.58%
Free Cash Flow Firm Growth	-336.73%	54.65%	147.41%	1,252.66%	-90.75%	237.46%	-1,060.16%	90.11%	-2,070.72%	105.50%
Invested Capital Growth	38.89%	18.71%	5.19%	-100.00%	0.00%	0.00%	0.00%	22.88%	164.47%	2.30%
Revenue Q/Q Growth	-90.02%	302.68%	1.92%	245.37%	304.34%	519.10%	16.31%	-35.75%	12.83%	0.75%
EBITDA Q/Q Growth	-2.15%	19.62%	16.39%	164.55%	363.64%	188.08%	89.34%	-41.58%	13.02%	1.93%
EBIT Q/Q Growth	-7.31%	27.20%	22.97%	147.19%	292.08%	164.93%	50.43%	-54.46%	5.78%	3.65%
NOPAT Q/Q Growth	-33.59%	69.87%	26.89%	166.00%	367.52%	190.24%	109.81%	-36.45%	5.93%	3.68%
Net Income Q/Q Growth	-15.26%	24.71%	37.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.94%	5.93%
EPS Q/Q Growth	-17.46%	26.52%	37.73%	0.00%	0.00%	0.00%	0.00%	0.00%	-12.87%	11.33%
Operating Cash Flow Q/Q Growth	0.01%	15.42%	-0.89%	0.00%	0.00%	0.00%	0.00%	0.00%	5.60%	2.37%
Free Cash Flow Firm Q/Q Growth	-383.65%	63.33%	61.43%	600.65%	-91.30%	190.24%	-1,470.13%	-138.13%	39.88%	-11.77%
Invested Capital Q/Q Growth	28.78%	5.70%	5.78%	-100.00%	0.00%	0.00%	0.00%	0.00%	0.08%	0.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	-183.40%	74.79%	75.39%	75.62%	74.32%	73.41%	76.63%	77.38%	76.09%	74.47%
EBITDA Margin	606.90%	67.18%	78.29%	70.84%	66.61%	66.63%	77.88%	70.03%	66.94%	66.52%
Operating Margin	409.41%	46.21%	59.22%	51.79%	48.53%	49.12%	61.87%	54.59%	45.70%	40.63%
EBIT Margin	409.41%	47.06%	59.22%	51.79%	48.53%	49.12%	61.87%	54.59%	45.70%	40.63%
Profit (Net Income) Margin	291.14%	40.03%	46.54%	37.36%	34.48%	38.16%	55.65%	47.87%	33.22%	27.64%
Tax Burden Percent	-98.54%	120.02%	102.33%	101.18%	99.99%	101.68%	102.13%	102.28%	104.07%	105.57%
Interest Burden Percent	-72.16%	70.88%	76.79%	71.30%	71.05%	76.42%	88.07%	85.74%	69.84%	64.44%
Effective Tax Rate	0.00%	4.79%	0.72%	2.09%	2.51%	2.71%	2.36%	2.32%	2.64%	3.93%
Return on Invested Capital (ROIC)	4.21%	7.00%	9.36%	17.05%	0.00%	0.00%	26.56%	12.83%	7.09%	5.39%
ROIC Less NNEP Spread (ROIC-NNEP)	4.33%	5.95%	6.20%	9.78%	0.00%	0.00%	22.13%	10.25%	2.52%	1.00%
Return on Net Nonoperating Assets (RNNOA)	5.57%	8.98%	9.97%	15.78%	0.00%	0.00%	19.81%	10.60%	1.64%	0.56%
Return on Equity (ROE)	9.78%	15.98%	19.33%	32.83%	0.00%	0.00%	46.37%	23.43%	8.73%	5.95%
Cash Return on Invested Capital (CROIC)	-28.35%	-10.11%	4.30%	217.05%	0.00%	0.00%	-173.44%	-7.70%	-83.16%	3.11%
Operating Return on Assets (OROA)	5.64%	7.09%	8.99%	16.61%	0.00%	0.00%	18.63%	9.28%	5.91%	4.70%
Return on Assets (ROA)	4.01%	6.03%	7.07%	11.98%	0.00%	0.00%	16.76%	8.14%	4.29%	3.20%
Return on Common Equity (ROCE)	8.74%	13.94%	16.70%	57.42%	0.00%	0.00%	69.37%	18.99%	7.90%	5.57%
Return on Equity Simple (ROE_SIMPLE)	10.03%	17.69%	21.87%	18.52%	17.76%	20.32%	28.16%	28.26%	5.91%	6.45%
Net Operating Profit after Tax (NOPAT)	206	436	650	607	619	648	953	1,026	1,139	1,271
NOPAT Margin	286.59%	43.99%	58.79%	50.71%	47.31%	47.79%	60.41%	53.32%	44.50%	39.04%
Net Nonoperating Expense Percent (NNEP)	-0.12%	1.05%	3.16%	7.27%	0.00%	0.00%	4.43%	2.58%	4.57%	4.39%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	9.91%	4.49%	4.73%
Cost of Revenue to Revenue	283.40%	25.21%	24.61%	24.38%	25.68%	26.59%	23.37%	22.62%	23.91%	25.53%
SG&A Expenses to Revenue	94.15%	8.25%	7.15%	6.79%	6.83%	7.12%	6.48%	6.72%	5.72%	5.14%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	112.25%	29.44%	16.17%	23.83%	25.79%	24.29%	14.76%	22.79%	30.39%	33.84%
Earnings before Interest and Taxes (EBIT)	295	467	654	620	635	666	976	1,050	1,170	1,323
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	437	666	865	848	872	904	1,228	1,347	1,714	2,167
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	4.63	5.29	9.00	5.55	2.26	2.27
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	4.63	5.29	9.00	5.55	2.26	2.27
Price to Revenue (P/Rev)	0.00	0.00	0.00	0.00	8.98	9.94	17.79	9.41	12.70	9.74
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	27.99	27.97	33.91	21.04	40.49	37.10
Dividend Yield	3.38%	4.87%	4.45%	4.47%	3.92%	3.45%	2.15%	4.44%	4.21%	4.33%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	3.57%	3.57%	2.95%	4.75%	2.47%	2.70%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	4.48	2.68	1.78	1.74
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	8.98	9.94	20.36	12.30	16.19	12.78
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	13.49	14.91	26.15	17.56	24.18	19.21
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	18.51	20.23	32.91	22.53	35.42	31.45
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	18.99	20.80	33.71	23.06	36.38	32.74
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	16.61	17.48	33.73	19.11	29.55	22.05
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	18.99	20.80	0.00	0.00	0.00	56.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.28	0.14	1.67	0.00	0.00	0.00	1.22	1.54	0.65	0.81
Long-Term Debt to Equity	0.28	0.14	1.67	0.00	0.00	0.00	1.22	1.54	0.65	0.81
Financial Leverage	1.29	1.51	1.61	1.61	0.00	0.00	0.90	1.03	0.65	0.56
Leverage Ratio	2.44	2.65	2.74	2.74	0.00	0.00	2.77	2.88	2.03	1.86
Compound Leverage Factor	-1.76	1.88	2.10	1.95	0.00	0.00	2.44	2.47	1.42	1.20
Debt to Total Capital	21.76%	12.33%	62.57%	0.00%	0.00%	0.00%	55.05%	60.60%	39.30%	44.71%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	21.76%	12.33%	62.57%	0.00%	0.00%	0.00%	55.05%	60.60%	39.30%	44.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	9.35%	11.86%	5.13%	0.00%	0.00%	0.00%	7.95%	7.91%	4.03%	3.39%
Common Equity to Total Capital	68.89%	75.81%	32.30%	0.00%	0.00%	0.00%	37.00%	31.49%	56.67%	51.89%
Debt to EBITDA	1.51	0.55	5.26	0.00	0.00	0.00	3.77	4.65	5.82	5.55
Net Debt to EBITDA	1.03	0.46	5.08	0.00	0.00	0.00	2.76	3.52	4.61	4.15
Long-Term Debt to EBITDA	1.51	0.55	5.26	0.00	0.00	0.00	3.77	4.65	5.82	5.55
Debt to NOPAT	3.20	0.84	7.01	0.00	0.00	0.00	4.87	6.11	8.76	9.45
Net Debt to NOPAT	2.18	0.70	6.76	0.00	0.00	0.00	3.56	4.62	6.94	7.08
Long-Term Debt to NOPAT	3.20	0.84	7.01	0.00	0.00	0.00	4.87	6.11	8.76	9.45
Altman Z-Score	0.00	0.00	0.00	0.00	0.00	0.00	2.95	1.76	1.82	1.57
Noncontrolling Interest Sharing Ratio	10.69%	12.78%	13.62%	-74.92%	0.00%	0.00%	-49.61%	18.92%	9.45%	6.39%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.29	0.57	0.90	0.90	0.45	0.13	0.50	0.54	0.30	0.40
Quick Ratio	0.92	0.43	0.58	0.00	0.00	0.00	0.50	0.54	0.30	0.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,389	-630	299	7,723	619	648	-6,222	-616	-13,362	734
Operating Cash Flow to CapEx	103.04%	52.32%	171.25%	179.20%	204.53%	349.84%	193.50%	116.27%	839.41%	520.69%
Free Cash Flow to Firm to Interest Expense	-419.73	-4.55	1.88	42.17	3.24	3.76	-37.44	-2.81	-30.52	1.23
Operating Cash Flow to Interest Expense	110.98	3.89	3.77	3.70	3.70	4.48	5.73	5.65	3.20	3.17
Operating Cash Flow Less CapEx to Interest Expense	3.28	-3.55	1.57	1.64	1.89	3.20	2.77	0.79	2.82	2.56
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.01	0.15	0.15	0.32	0.00	0.00	0.30	0.17	0.13	0.12
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.15	0.13
Accounts Payable Turnover	2.75	2.72	2.75	0.00	0.00	0.00	0.00	2.77	2.42	2.44
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	132.62	134.38	132.51	0.00	0.00	0.00	0.00	131.62	150.94	149.46
Cash Conversion Cycle (CCC)	-132.62	-134.38	-132.51	0.00	0.00	0.00	0.00	-131.62	-150.94	-149.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	5,699	6,765	7,116	0.00	0.00	0.00	7,175	8,817	23,318	23,855
Invested Capital Turnover	0.01	0.16	0.16	0.34	0.00	0.00	0.44	0.24	0.16	0.14
Increase / (Decrease) in Invested Capital	1,596	1,066	351	-7,116	0.00	0.00	7,175	1,642	14,501	537
Enterprise Value (EV)	0.00	0.00	0.00	0.00	11,755	13,477	32,122	23,662	41,449	41,620
Market Capitalization	0.00	0.00	0.00	0.00	11,755	13,477	28,063	18,105	32,522	31,713
Book Value per Share	$16.92	$17.84	$18.66	$19.08	$19.61	$19.71	$23.28	$24.34	$68.11	$65.80
Tangible Book Value per Share	$16.92	$17.84	$18.66	$19.08	$19.61	$19.71	$23.28	$24.34	$68.11	$65.80
Total Capital	3,032	2,961	7,278	0.00	0.00	0.00	8,423	10,350	25,394	26,877
Total Debt	660	365	4,554	0.00	0.00	0.00	4,637	6,272	9,980	12,017
Total Long-Term Debt	660	365	4,554	0.00	0.00	0.00	4,637	6,272	9,980	12,017
Net Debt	450	307	4,392	0.00	0.00	0.00	3,389	4,739	7,904	8,996
Capital Expenditures (CapEx)	356	1,031	349	378	346	220	492	1,065	167	362
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-83	-101	-96	-8.31	-87	-821	-142	-172	-335	-347
Debt-free Net Working Capital (DFNWC)	24	-44	-10	-8.31	-87	-821	-71	-79	-235	-208
Net Working Capital (NWC)	24	-44	-10	-8.31	-87	-821	-71	-79	-235	-208
Net Nonoperating Expense (NNE)	-3.28	39	135	160	168	130	75	105	289	371
Net Nonoperating Obligations (NNO)	3,326	4,169	4,392	0.00	0.00	0.00	3,389	4,739	7,904	8,996
Total Depreciation and Amortization (D&A)	142	200	211	228	237	238	252	297	544	843
Debt-free, Cash-free Net Working Capital to Revenue	-114.90%	-10.22%	-8.70%	-0.69%	-6.67%	-60.54%	-9.02%	-8.92%	-13.07%	-10.64%
Debt-free Net Working Capital to Revenue	33.13%	-4.40%	-0.91%	-0.69%	-6.67%	-60.54%	-4.51%	-4.10%	-9.20%	-6.40%
Net Working Capital to Revenue	33.13%	-4.40%	-0.91%	-0.69%	-6.67%	-60.54%	-4.51%	-4.10%	-9.20%	-6.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.58	$2.92	$3.79	$3.29	$0.00	$0.00	$0.00	$6.41	$4.74	$4.03
Adjusted Weighted Average Basic Shares Outstanding	119.82M	125.09M	125.97M	126.09M	128.20M	129.54M	133.37M	134.05M	169.22M	211.58M
Adjusted Diluted Earnings per Share	$1.56	$2.91	$3.76	$3.27	$0.00	$0.00	$0.00	$6.41	$4.74	$4.03
Adjusted Weighted Average Diluted Shares Outstanding	126.92M	125.95M	134.16M	133.16M	128.20M	129.54M	133.37M	141.68M	169.22M	211.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	125.05M	125.91M	126.04M	127.30M	128.20M	129.54M	133.37M	134.99M	211.57M	212.00M
Normalized Net Operating Profit after Tax (NOPAT)	206	448	650	607	619	648	953	1,028	1,139	1,321
Normalized NOPAT Margin	286.59%	45.16%	58.79%	50.71%	47.31%	47.79%	60.41%	53.40%	44.50%	40.56%
Pre Tax Income Margin	-295.44%	33.36%	45.48%	36.93%	34.48%	37.53%	54.49%	46.81%	31.92%	26.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	89.02	3.37	4.13	3.38	3.32	3.87	5.87	4.79	2.67	2.22
NOPAT to Interest Expense	62.31	3.15	4.10	3.31	3.24	3.76	5.73	4.68	2.60	2.14
EBIT Less CapEx to Interest Expense	-18.68	-4.07	1.93	1.32	1.51	2.59	2.91	-0.07	2.29	1.61
NOPAT Less CapEx to Interest Expense	-45.38	-4.29	1.90	1.25	1.43	2.48	2.77	-0.18	2.22	1.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	140.22%	100.43%	82.65%	102.48%	109.14%	96.87%	72.92%	93.70%	130.06%	159.76%
Augmented Payout Ratio	140.22%	100.43%	82.65%	102.48%	109.14%	109.98%	72.92%	100.54%	130.06%	159.81%

This table displays calculated financial ratios and metrics derived from Extra Space Storage's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	-67.88%	13.41%	7.66%	49.94%	57.44%	58.94%	58.52%	10.26%	3.02%
EBITDA Growth	284.57%	-76.93%	12.92%	2.48%	35.18%	56.12%	58.87%	44.71%	10.73%	7.47%
EBIT Growth	244.92%	-82.33%	12.00%	-0.84%	11.09%	23.70%	27.43%	11.50%	0.98%	13.96%
NOPAT Growth	300.99%	-75.40%	11.27%	-1.42%	10.27%	24.37%	26.13%	8.79%	-1.39%	13.65%
Net Income Growth	0.00%	0.00%	-4.06%	-13.12%	-15.78%	3.61%	7.28%	-9.24%	2.06%	22.16%
EPS Growth	0.00%	0.00%	-3.31%	-13.29%	-41.82%	-46.05%	-30.82%	-41.33%	-5.21%	50.00%
Operating Cash Flow Growth	0.00%	0.00%	-2.02%	-1.43%	32.77%	25.64%	65.30%	56.73%	14.67%	12.01%
Free Cash Flow Firm Growth	300.99%	77.42%	-3,675.09%	-3,181.90%	-8,883.25%	-928.03%	-73.30%	-70.50%	99.53%	98.83%
Invested Capital Growth	0.00%	22.88%	0.00%	0.00%	0.00%	164.47%	171.88%	168.58%	1.69%	2.30%
Revenue Q/Q Growth	5.03%	1.57%	-0.72%	1.66%	46.28%	6.65%	0.22%	1.39%	1.74%	-0.35%
EBITDA Q/Q Growth	-0.86%	2.39%	-2.07%	3.09%	30.77%	18.25%	-0.34%	-6.09%	0.06%	14.77%
EBIT Q/Q Growth	-2.11%	-0.11%	-2.24%	3.72%	9.68%	11.23%	0.71%	-9.25%	-0.66%	25.53%
NOPAT Q/Q Growth	-2.72%	0.29%	-1.83%	2.92%	8.82%	13.12%	-0.44%	-11.23%	-1.37%	30.37%
Net Income Q/Q Growth	-4.72%	-7.05%	-4.83%	3.08%	-7.64%	14.36%	-1.47%	-12.79%	3.85%	36.88%
EPS Q/Q Growth	-4.62%	-7.88%	-3.95%	2.74%	-36.00%	-14.58%	23.17%	-12.87%	3.41%	35.16%
Operating Cash Flow Q/Q Growth	-12.83%	-5.69%	-2.92%	23.51%	17.41%	-10.75%	27.72%	17.12%	-14.10%	-12.83%
Free Cash Flow Firm Q/Q Growth	-2.72%	-626.29%	-501.08%	-0.14%	-177.25%	38.40%	-1.33%	1.48%	99.23%	-51.92%
Invested Capital Q/Q Growth	0.00%	0.00%	-3.08%	0.23%	172.03%	0.08%	-0.36%	-0.99%	3.00%	0.68%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	77.03%	77.71%	76.71%	77.58%	75.24%	75.55%	74.42%	75.71%	74.66%	73.10%
EBITDA Margin	68.89%	69.45%	68.51%	69.48%	62.11%	68.87%	68.48%	63.42%	62.37%	71.84%
Operating Margin	54.09%	53.20%	52.39%	53.45%	40.08%	41.80%	42.00%	37.59%	36.70%	46.24%
EBIT Margin	54.09%	53.20%	52.39%	53.45%	40.08%	41.80%	42.00%	37.59%	36.70%	46.24%
Profit (Net Income) Margin	47.33%	43.31%	41.52%	42.10%	26.58%	28.51%	28.03%	24.11%	24.61%	33.80%
Tax Burden Percent	101.89%	102.61%	102.96%	103.49%	104.25%	105.53%	103.83%	103.94%	110.40%	104.80%
Interest Burden Percent	85.87%	79.35%	76.98%	76.11%	63.63%	64.62%	64.26%	61.69%	60.72%	69.75%
Effective Tax Rate	2.92%	2.53%	2.12%	2.88%	3.64%	2.01%	3.12%	5.24%	5.91%	2.28%
Return on Invested Capital (ROIC)	0.00%	12.48%	23.80%	24.49%	7.52%	6.53%	7.32%	7.12%	4.75%	6.24%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	11.41%	21.63%	22.27%	5.19%	4.95%	5.69%	5.62%	3.76%	5.13%
Return on Net Nonoperating Assets (RNNOA)	0.00%	11.80%	24.21%	12.72%	2.05%	3.21%	3.67%	3.64%	2.03%	2.86%
Return on Equity (ROE)	0.00%	24.27%	48.01%	37.21%	9.57%	9.74%	10.98%	10.76%	6.78%	9.10%
Cash Return on Invested Capital (CROIC)	0.00%	-7.70%	-175.38%	-175.53%	-190.77%	-83.16%	-84.85%	-83.68%	3.54%	3.11%
Operating Return on Assets (OROA)	0.00%	9.04%	17.13%	9.23%	4.61%	5.40%	6.06%	5.91%	4.26%	5.35%
Return on Assets (ROA)	0.00%	7.36%	13.58%	7.27%	3.06%	3.68%	4.04%	3.79%	2.86%	3.91%
Return on Common Equity (ROCE)	0.00%	19.68%	76.95%	30.31%	8.67%	8.82%	9.98%	9.78%	6.34%	8.52%
Return on Equity Simple (ROE_SIMPLE)	0.00%	0.00%	28.04%	27.02%	5.80%	0.00%	6.05%	5.97%	6.07%	0.00%
Net Operating Profit after Tax (NOPAT)	262	263	258	265	289	327	325	289	285	371
NOPAT Margin	52.51%	51.85%	51.28%	51.91%	38.62%	40.96%	40.69%	35.63%	34.54%	45.19%
Net Nonoperating Expense Percent (NNEP)	0.00%	1.06%	2.17%	2.21%	2.33%	1.57%	1.63%	1.51%	0.99%	1.11%
Return On Investment Capital (ROIC_SIMPLE)	-	2.54%	-	-	-	1.29%	-	-	-	1.38%
Cost of Revenue to Revenue	22.97%	22.29%	23.29%	22.42%	24.76%	24.45%	25.58%	24.29%	25.34%	26.90%
SG&A Expenses to Revenue	6.47%	7.10%	6.91%	6.81%	5.00%	4.94%	5.47%	4.92%	4.82%	5.36%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	22.94%	24.51%	24.32%	24.13%	35.17%	33.75%	32.42%	38.12%	37.95%	26.86%
Earnings before Interest and Taxes (EBIT)	270	270	264	273	300	333	336	305	303	380
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	344	352	345	355	465	549	548	514	514	590
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.74	5.55	6.46	5.91	1.70	2.26	2.18	2.32	2.73	2.27
Price to Tangible Book Value (P/TBV)	6.74	5.55	6.46	5.91	1.70	2.26	2.18	2.32	2.73	2.27
Price to Revenue (P/Rev)	7.32	9.41	10.60	9.52	10.86	12.70	10.89	10.43	11.81	9.74
Price to Earnings (P/E)	0.00	21.04	24.64	23.35	31.14	40.49	37.93	40.95	47.24	37.10
Dividend Yield	3.51%	4.44%	3.93%	4.38%	5.45%	4.21%	4.41%	4.17%	3.60%	4.33%
Earnings Yield	0.00%	4.75%	4.06%	4.28%	3.21%	2.47%	2.64%	2.44%	2.12%	2.70%
Enterprise Value to Invested Capital (EV/IC)	0.00	2.68	3.08	2.87	1.43	1.78	1.72	1.81	2.02	1.74
Enterprise Value to Revenue (EV/Rev)	7.32	12.30	13.27	12.15	14.72	16.19	14.02	13.22	14.81	12.78
Enterprise Value to EBITDA (EV/EBITDA)	9.50	17.56	18.98	17.59	22.03	24.18	20.89	20.11	22.52	19.21
Enterprise Value to EBIT (EV/EBIT)	9.50	22.53	24.40	22.81	30.20	35.42	32.23	32.76	37.49	31.45
Enterprise Value to NOPAT (EV/NOPAT)	13.58	23.06	25.02	23.42	31.06	36.38	33.19	33.93	39.04	32.74
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	19.11	21.36	20.00	25.15	29.55	25.24	23.40	25.96	22.05
Enterprise Value to Free Cash Flow (EV/FCFF)	13.58	0.00	0.00	0.00	0.00	0.00	0.00	0.00	57.51	56.67
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	1.54	1.49	1.54	0.64	0.65	0.66	0.69	0.75	0.81
Long-Term Debt to Equity	0.00	1.54	1.49	1.54	0.60	0.65	0.66	0.69	0.75	0.81
Financial Leverage	0.00	1.03	1.12	0.57	0.39	0.65	0.64	0.65	0.54	0.56
Leverage Ratio	0.00	2.88	3.01	2.95	2.01	2.03	2.05	2.09	1.82	1.86
Compound Leverage Factor	0.00	2.28	2.32	2.25	1.28	1.31	1.32	1.29	1.11	1.30
Debt to Total Capital	0.00%	60.60%	59.91%	60.65%	38.92%	39.30%	39.83%	40.87%	42.87%	44.71%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	2.44%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	60.60%	59.91%	60.65%	36.47%	39.30%	39.83%	40.87%	42.87%	44.71%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	7.91%	7.75%	7.60%	4.04%	4.03%	3.90%	3.74%	3.62%	3.39%
Common Equity to Total Capital	0.00%	31.49%	32.35%	31.75%	57.04%	56.67%	56.27%	55.39%	53.51%	51.89%
Debt to EBITDA	0.00	4.65	4.34	4.46	6.54	5.82	5.28	5.04	5.28	5.55
Net Debt to EBITDA	0.00	3.52	3.25	3.25	5.10	4.61	4.15	3.79	4.11	4.15
Long-Term Debt to EBITDA	0.00	4.65	4.34	4.46	6.13	5.82	5.28	5.04	5.28	5.55
Debt to NOPAT	0.00	6.11	5.73	5.93	9.22	8.76	8.39	8.50	9.15	9.45
Net Debt to NOPAT	0.00	4.62	4.29	4.32	7.19	6.94	6.59	6.40	7.12	7.08
Long-Term Debt to NOPAT	0.00	6.11	5.73	5.93	8.64	8.76	8.39	8.50	9.15	9.45
Altman Z-Score	0.00	1.55	1.76	1.59	1.29	1.72	1.64	1.67	1.85	1.46
Noncontrolling Interest Sharing Ratio	0.00%	18.92%	-60.28%	18.55%	9.41%	9.45%	9.17%	9.07%	6.48%	6.39%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.16	0.54	0.27	0.24	0.21	0.30	0.15	0.20	0.23	0.40
Quick Ratio	0.00	0.54	0.27	0.24	0.21	0.30	0.15	0.20	0.23	0.40
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	262	-1,379	-8,288	-8,300	-23,011	-14,175	-14,363	-14,150	-109	-166
Operating Cash Flow to CapEx	53.51%	177.22%	2,353.94%	583.55%	0.00%	378.03%	476.75%	786.46%	1,555.57%	246.84%
Free Cash Flow to Firm to Interest Expense	4.66	-18.91	-103.47	-96.09	-175.48	-101.09	-100.03	-95.62	-0.71	-1.11
Operating Cash Flow to Interest Expense	5.47	3.98	3.52	4.03	3.11	2.60	3.24	3.68	3.04	2.73
Operating Cash Flow Less CapEx to Interest Expense	-4.75	1.73	3.37	3.34	3.12	1.91	2.56	3.22	2.85	1.62
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.17	0.33	0.17	0.12	0.13	0.14	0.16	0.12	0.12
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.13	0.15	0.00	0.00	0.13	0.13
Accounts Payable Turnover	0.00	2.77	0.00	2.39	1.71	2.42	2.71	2.63	1.97	2.44
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	131.62	0.00	152.70	213.95	150.94	134.69	138.77	185.53	149.46
Cash Conversion Cycle (CCC)	0.00	-131.62	0.00	-152.70	-213.95	-150.94	-134.69	-138.77	-185.53	-149.46
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	8,817	8,546	8,565	23,300	23,318	23,234	23,004	23,694	23,855
Invested Capital Turnover	0.00	0.24	0.46	0.47	0.19	0.16	0.18	0.20	0.14	0.14
Increase / (Decrease) in Invested Capital	0.00	1,642	8,546	8,565	23,300	14,501	14,688	14,439	394	537
Enterprise Value (EV)	21,918	23,662	26,319	24,546	33,403	41,449	40,039	41,736	47,870	41,620
Market Capitalization	21,918	18,105	21,027	19,236	24,640	32,522	31,101	32,904	38,187	31,713
Book Value per Share	$24.27	$24.34	$24.10	$24.11	$68.81	$68.11	$67.57	$66.98	$66.11	$65.80
Tangible Book Value per Share	$24.27	$24.34	$24.10	$24.11	$68.81	$68.11	$67.57	$66.98	$66.11	$65.80
Total Capital	0.00	10,350	10,058	10,255	25,485	25,394	25,409	25,589	26,181	26,877
Total Debt	0.00	6,272	6,025	6,219	9,918	9,980	10,120	10,458	11,223	12,017
Total Long-Term Debt	0.00	6,272	6,025	6,219	9,295	9,980	10,120	10,458	11,223	12,017
Net Debt	0.00	4,739	4,513	4,530	7,733	7,904	7,945	7,874	8,735	8,996
Capital Expenditures (CapEx)	575	164	12	60	-0.93	96	98	69	30	165
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-506	-172	-178	-212	-430	-335	-338	-382	-389	-347
Debt-free Net Working Capital (DFNWC)	-506	-79	-130	-162	-214	-235	-287	-305	-300	-208
Net Working Capital (NWC)	-506	-79	-130	-162	-837	-235	-287	-305	-300	-208
Net Nonoperating Expense (NNE)	26	43	49	50	90	99	101	93	82	94
Net Nonoperating Obligations (NNO)	0.00	4,739	4,513	4,530	7,733	7,904	7,945	7,874	8,735	8,996
Total Depreciation and Amortization (D&A)	74	82	81	82	165	216	212	209	212	210
Debt-free, Cash-free Net Working Capital to Revenue	-16.88%	-8.92%	-8.98%	-10.52%	-18.96%	-13.07%	-11.83%	-12.10%	-12.03%	-10.64%
Debt-free Net Working Capital to Revenue	-16.88%	-4.10%	-6.56%	-8.01%	-9.43%	-9.20%	-10.05%	-9.66%	-9.27%	-6.40%
Net Working Capital to Revenue	-16.88%	-4.10%	-6.56%	-8.01%	-36.89%	-9.20%	-10.05%	-9.66%	-9.27%	-6.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$1.51	$1.46	$1.50	$0.96	$0.82	$1.01	$0.88	$0.91	$1.23
Adjusted Weighted Average Basic Shares Outstanding	133.91M	134.05M	134.51M	134.83M	195.32M	169.22M	211.28M	211.58M	211.70M	211.58M
Adjusted Diluted Earnings per Share	$0.00	$1.52	$1.46	$1.50	$0.96	$0.82	$1.01	$0.88	$0.91	$1.23
Adjusted Weighted Average Diluted Shares Outstanding	133.91M	141.68M	142.94M	143.53M	195.33M	169.22M	220.02M	211.59M	220.30M	211.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	133.91M	134.99M	135.05M	211.28M	211.28M	211.57M	211.73M	211.93M	211.98M	212.00M
Normalized Net Operating Profit after Tax (NOPAT)	262	263	258	265	289	327	325	289	334	371
Normalized NOPAT Margin	52.51%	51.85%	51.28%	51.91%	38.62%	40.96%	40.69%	35.63%	40.44%	45.19%
Pre Tax Income Margin	46.45%	42.21%	40.33%	40.68%	25.50%	27.01%	26.99%	23.19%	22.29%	32.25%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	4.80	3.70	3.29	3.16	2.29	2.38	2.34	2.06	1.97	2.54
NOPAT to Interest Expense	4.66	3.60	3.22	3.07	2.20	2.33	2.27	1.95	1.85	2.48
EBIT Less CapEx to Interest Expense	-5.42	1.45	3.14	2.47	2.29	1.69	1.66	1.59	1.77	1.43
NOPAT Less CapEx to Interest Expense	-5.56	1.36	3.07	2.38	2.21	1.64	1.59	1.48	1.66	1.38
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	93.70%	96.15%	101.57%	114.37%	130.06%	142.37%	160.69%	168.63%	159.76%
Augmented Payout Ratio	0.00%	100.54%	96.15%	101.57%	114.37%	130.06%	142.37%	160.75%	168.69%	159.81%

Frequently Asked Questions About Extra Space Storage's Financials

When does Extra Space Storage's fiscal year end?

According to the most recent income statement we have on file, Extra Space Storage's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Extra Space Storage's net income changed over the last 9 years?

Extra Space Storage's net income appears to be on an upward trend, with a most recent value of $900.23 million in 2024, rising from $209.54 million in 2015. The previous period was $850.45 million in 2023.

What is Extra Space Storage's operating income?

Extra Space Storage's total operating income in 2024 was $1.32 billion, based on the following breakdown:

Total Gross Profit: $2.43 billion
Total Operating Expenses: $1.10 billion

How has Extra Space Storage revenue changed over the last 9 years?

Over the last 9 years, Extra Space Storage's total revenue changed from $71.97 million in 2015 to $3.26 billion in 2024, a change of 4,425.3%.

How much debt does Extra Space Storage have?

Extra Space Storage's total liabilities were at $13.99 billion at the end of 2024, a 16.2% increase from 2023, and a 278.2% increase since 2015.

How much cash does Extra Space Storage have?

In the past 9 years, Extra Space Storage's cash and equivalents has ranged from $43.86 million in 2016 to $138.22 million in 2024, and is currently $138.22 million as of their latest financial filing in 2024.

How has Extra Space Storage's book value per share changed over the last 9 years?

Over the last 9 years, Extra Space Storage's book value per share changed from 16.92 in 2015 to 65.80 in 2024, a change of 288.8%.

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This page (NYSE:EXR) was last updated on 4/17/2025 by MarketBeat.com Staff

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Extra Space Storage (EXR) Financials

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Extra Space Storage (EXR) Financials

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