Extra Space Storage Inc. (EXR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 856.03M | 918.43M | 777.56M | 841.62M | 839.93M | 840.66M | 854.78M | 827.92M | 814.55M | 814.01M | 763.08M | 524.64M | 513.36M | 517.71M | 510.05M | 485.18M | 452.66M | 436.21M | 420.75M | 386.95M |
| Revenue Growth % | 1.92% | 9.25% | -9.03% | 1.65% | 3.12% | 3.27% | 12.02% | 57.81% | 58.67% | 57.23% | 49.61% | 8.13% | 13.41% | 18.68% | 21.23% | 25.38% | 23.74% | 21.12% | 20.69% | 16.45% |
| Property Operating Expenses | 256.17M | 1.48B | 470.11M | 244.57M | 225.55M | 124.69M | 226.54M | 216.53M | 206.4M | 139.3M | 204.32M | 124.12M | 126.25M | 100.52M | 125.35M | 113.25M | 110.58M | 83.58M | 100.3M | 95.89M |
| Net Operating Income (NOI) | 599.86M | -558.71M | 307.45M | 597.05M | 614.38M | 715.97M | 628.24M | 611.38M | 608.15M | 674.71M | 558.75M | 400.52M | 387.1M | 417.19M | 384.7M | 371.92M | 342.07M | 352.63M | 320.44M | 291.06M |
| NOI Margin % | 70.07% | -60.83% | 39.54% | 70.94% | 73.15% | 85.17% | 73.5% | 73.85% | 74.66% | 82.89% | 73.22% | 76.34% | 75.41% | 80.58% | 75.42% | 76.66% | 75.57% | 80.84% | 76.16% | 75.22% |
| Operating Expenses | 232.3M | -1.01B | 28.33M | 223.08M | 225.65M | 335.94M | 325.5M | 306.62M | 272.32M | 341.24M | 258.96M | 127.18M | 123.56M | 147.63M | 114.85M | 96.26M | 106.77M | 40.85M | 94.17M | 94.23M |
| G&A Expenses | 46.51M | 51.94M | 28.33M | 44.95M | 61.12M | 158.69M | 39.75M | 39.9M | 60.35M | 116.31M | 37.41M | 34.84M | 34.76M | 55.25M | 32.27M | 31.25M | 29.76M | 46.71M | 24.39M | 26.34M |
| EBITDA | 553.35M | 627.27M | 456.59M | 551.24M | 569.09M | 570.93M | 497.79M | 499.57M | 532.79M | 524.23M | 452.13M | 352.43M | 342.03M | 344.34M | 341.28M | 344.73M | 303.22M | 370.89M | 287.79M | 256.4M |
| EBITDA Margin % | 64.64% | 68.3% | 58.72% | 65.5% | 67.75% | 67.91% | 58.24% | 60.34% | 65.41% | 64.4% | 59.25% | 67.17% | 66.63% | 66.51% | 66.91% | 71.05% | 66.99% | 85.03% | 68.4% | 66.26% |
| Depreciation & Amortization | 185.79M | 180.09M | 177.47M | 177.27M | 180.36M | 190.9M | 195.05M | 194.81M | 196.97M | 190.76M | 152.34M | 79.09M | 78.49M | 74.77M | 71.42M | 69.07M | 67.91M | 59.12M | 61.52M | 59.57M |
| D&A / Revenue % | 21.7% | 19.61% | 22.82% | 21.06% | 21.47% | 22.71% | 22.82% | 23.53% | 24.18% | 23.43% | 19.96% | 15.07% | 15.29% | 14.44% | 14% | 14.24% | 15% | 13.55% | 14.62% | 15.39% |
| Operating Income | 367.55M | 447.18M | 279.12M | 373.97M | 388.73M | 380.03M | 302.74M | 304.76M | 335.83M | 333.47M | 299.79M | 273.34M | 263.54M | 269.57M | 269.86M | 275.67M | 235.31M | 311.77M | 226.28M | 196.83M |
| Operating Margin % | 42.94% | 48.69% | 35.9% | 44.43% | 46.28% | 45.21% | 35.42% | 36.81% | 41.23% | 40.97% | 39.29% | 52.1% | 51.34% | 52.07% | 52.91% | 56.82% | 51.98% | 71.47% | 53.78% | 50.87% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 2.65x | 1.87x | 1.17x | 2.74x | 2.43x | 2.41x | 2.56x | 2.55x | 2.44x | 2.58x | 2.81x | 3.32x | 3.42x | 3.87x | 5.00x | 5.72x | 5.75x | 5.35x | 5.91x | 5.10x |
| Non-Operating Income | -55.51M | -350.15M | -595.42M | -58.28M | 15.83M | 18.95M | -90.7M | -71.91M | -15.01M | -28.79M | -69.22M | -13.25M | -10.3M | -12.46M | -11.15M | 4.06M | -9.1M | 68.05M | -8.26M | -8.32M |
| Pretax Income | 263.21M | 371.07M | 124.76M | 274.35M | 293.92M | 283.84M | 213.8M | 205.26M | 230.82M | 231.73M | 205.8M | 221.3M | 213.19M | 224.89M | 242.89M | 253.45M | 220.86M | 287.85M | 206.59M | 184M |
| Pretax Margin % | 30.75% | 40.4% | 16.04% | 32.6% | 34.99% | 33.76% | 25.01% | 24.79% | 28.34% | 28.47% | 26.97% | 42.18% | 41.53% | 43.44% | 47.62% | 52.24% | 48.79% | 65.99% | 49.1% | 47.55% |
| Income Tax | 10.79M | 74.15M | -53.22M | 11.64M | 8.99M | 6.04M | 10.86M | 9.84M | 6.74M | 4.32M | 6.94M | 5.99M | 4.31M | 5.41M | 6.76M | 5.62M | 3.14M | 3.99M | 6.77M | 5.42M |
| Effective Tax Rate % | 4.1% | 19.98% | -42.66% | 4.24% | 3.06% | 2.13% | 5.08% | 4.8% | 2.92% | 1.86% | 3.37% | 2.7% | 2.02% | 2.41% | 2.78% | 2.22% | 1.42% | 1.39% | 3.28% | 2.95% |
| Net Income | 240.98M | 283.45M | 169.94M | 249.73M | 270.88M | 262.49M | 192.82M | 185.87M | 213.11M | 216.13M | 188.35M | 202.41M | 196.3M | 204.26M | 220.41M | 231.82M | 203.29M | 268.04M | 188.02M | 167.72M |
| Net Margin % | 28.15% | 30.86% | 21.86% | 29.67% | 32.25% | 31.22% | 22.56% | 22.45% | 26.16% | 26.55% | 24.68% | 38.58% | 38.24% | 39.45% | 43.21% | 47.78% | 44.91% | 61.45% | 44.69% | 43.34% |
| Net Income Growth % | -11.04% | 7.99% | -11.86% | 34.36% | 27.1% | 21.45% | 2.37% | -8.17% | 8.56% | 5.81% | -14.54% | -12.69% | -3.44% | -23.8% | 17.23% | 38.22% | 0.3% | 71.76% | 64.27% | 63.25% |
| Funds From Operations (FFO) | 426.77M | 463.54M | 347.41M | 427M | 451.23M | 453.38M | 387.86M | 380.68M | 410.08M | 406.9M | 340.69M | 281.5M | 274.79M | 279.03M | 291.83M | 300.88M | 271.2M | 327.17M | 249.53M | 227.29M |
| FFO Margin % | 49.85% | 50.47% | 44.68% | 50.74% | 53.72% | 53.93% | 45.38% | 45.98% | 50.34% | 49.99% | 44.65% | 53.66% | 53.53% | 53.9% | 57.22% | 62.02% | 59.91% | 75% | 59.31% | 58.74% |
| FFO Growth % | -5.42% | 2.24% | -10.43% | 12.17% | 10.04% | 11.42% | 13.85% | 35.23% | 49.23% | 45.82% | 16.74% | -6.44% | 1.33% | -14.71% | 16.95% | 32.38% | 3.79% | 54.89% | 46.04% | 43.17% |
| FFO per Share | 1.94 | 2.10 | 1.64 | 2.02 | 2.13 | 2.14 | 1.76 | 1.80 | 1.86 | 1.85 | 1.74 | 1.96 | 1.92 | 1.95 | 2.06 | 2.11 | 1.92 | 2.32 | 1.78 | 1.62 |
| FFO Payout Ratio % | 80.31% | 73.86% | 98.97% | 80.53% | 76.28% | 75.87% | 88.54% | 90.21% | 83.94% | 84.12% | 77.87% | 77.73% | 80.06% | 71.99% | 68.83% | 66.81% | 74.68% | 51.17% | 67.04% | 58.86% |
| EPS (Diluted) | 1.14 | 1.30 | 0.78 | 1.18 | 1.28 | 1.24 | 0.91 | 0.88 | 1.01 | 0.98 | 0.96 | 1.50 | 1.46 | 1.51 | 1.56 | 1.62 | 1.44 | 2.00 | 1.40 | 1.25 |
| EPS Growth % | -10.94% | 4.84% | -14.29% | 34.09% | 26.73% | 26.53% | -5.21% | -41.33% | -30.82% | -35.1% | -38.46% | -7.41% | 1.39% | -24.5% | 11.43% | 29.6% | -5.88% | 68.07% | 59.09% | 56.25% |
| EPS (Basic) | 1.14 | 1.36 | 0.78 | 1.18 | 1.28 | 1.24 | 0.95 | 0.88 | 1.01 | 1.02 | 0.96 | 1.50 | 1.46 | 1.52 | 1.56 | 1.62 | 1.44 | 2.00 | 1.41 | 1.25 |
| Diluted Shares Outstanding | 220.32M | 221.05M | 211.92M | 211.9M | 212.05M | 211.74M | 220.3M | 211.59M | 220.02M | 219.96M | 195.33M | 143.53M | 142.94M | 143.34M | 141.5M | 142.74M | 141.58M | 141.09M | 140.43M | 140.41M |