financial statements

The full income statement, balance sheet, and cash-flow statement for Extra Space Storage Inc (EXR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Revenue	129M YoY+7.1%	121M YoY+18.5%	102M YoY+21.6%	83.9M YoY+26.6%	66.3M YoY+27.1%
Cost of revenue	918M YoY+10.4%	832M YoY+35.9%	612M YoY+40.6%	435M YoY+18.1%	369M YoY+2.2%
Selling, general & administrative	186M YoY+11.3%	167M YoY+14.3%	146M YoY+13.3%	129M YoY+26.5%	102M YoY+5.8%
General & administrative	186M YoY+11.3%	167M YoY+14.3%	146M YoY+13.3%	129M YoY+26.5%	102M YoY+5.8%
Amortization of intangibles	21.2M YoY-81.5%	115M YoY+91.6%	59.8M YoY+327.8%	14.0M YoY+192.6%	4.78M YoY+111.6%
Operating income	1.41B YoY+6.8%	1.32B YoY+13.1%	1.17B YoY+11.4%	1.05B YoY+7.6%	976M YoY+46.5%
Interest expense	—	—	419M YoY+91.2%	219M YoY+31.9%	166M
Interest & investment income	163M YoY+31.2%	124M YoY+46.6%	84.9M YoY+22.2%	69.4M YoY+39.7%	49.7M YoY+227.2%
Equity-method income	68.8M YoY+2.3%	67.3M YoY+22.7%	54.8M YoY+32.4%	41.4M YoY+28.0%	32.4M
Pre-tax income	941M YoY+10.3%	853M YoY+4.3%	817M YoY-9.3%	901M YoY+4.8%	859M YoY+68.8%
Income tax	41.6M YoY+24.1%	33.5M YoY+55.3%	21.6M YoY+3.0%	20.9M YoY+3.0%	20.3M YoY+47.2%
	974M YoY+14.0%	855M YoY+6.4%	803M YoY-6.7%	861M YoY+4.0%	828M YoY+71.8%
Net income to common	972M YoY+14.0%	853M YoY+6.4%	802M YoY-6.7%	859M YoY+4.0%	826M YoY+71.8%
	$4.59 YoY+13.9%	$4.03 YoY-15.0%	$4.74 YoY-26.1%	$6.41 YoY+3.6%	$6.19 YoY+66.8%
EPS (basic)	$4.59 YoY+13.9%	$4.03 YoY-15.0%	$4.74 YoY-26.1%	$6.41 YoY+3.4%	$6.20 YoY+67.1%
Weighted-avg shares (basic)	212M YoY+0.1%	212M YoY+25.0%	169M YoY+26.2%	134M YoY+0.5%	133M YoY+3.0%
Weighted-avg shares (diluted)	212M YoY+0.1%	212M YoY+25.0%	169M YoY+19.4%	142M YoY+1.2%	140M YoY+8.0%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Cash & equivalents	139M YoY+0.5%	138M YoY+39.5%	99.1M YoY+6.7%	92.9M YoY+30.6%	71.1M YoY-34.8%
	29.3B YoY+1.4%	28.8B YoY+5.1%	27.5B YoY+125.7%	12.2B YoY+16.2%	10.5B YoY+11.5%
Property, plant & equipment	65.2M YoY+29.4%	50.4M YoY+3.4%	48.7M YoY+13.8%	42.8M YoY+47.3%	29.1M
Operating lease right-of-use	732M YoY+6.1%	690M YoY+203.6%	227M YoY+2.5%	222M YoY-2.7%	228M YoY-9.6%
Goodwill	171M YoY+0.0%	171M YoY+0.0%	171M YoY+0.0%	171M	0.00
Intangible assets	11.6M YoY-64.0%	32.2M YoY-51.4%	66.3M	0.00	—
	14.9B YoY+6.8%	14.0B YoY+16.2%	12.0B YoY+48.9%	8.09B YoY+20.9%	6.69B YoY+3.5%
Long-term debt	561M YoY+0.0%	561M YoY+0.0%	561M YoY+0.0%	561M YoY+0.0%	561M YoY+0.0%
	13.4B YoY-3.7%	13.9B YoY-3.1%	14.4B YoY+341.5%	3.26B YoY+4.6%	3.12B YoY+22.3%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Common stock	2.11M YoY-0.4%	2.12M YoY+0.3%	2.11M YoY+57.8%	1.34M YoY+0.0%	1.34M YoY+1.9%
Additional paid-in capital	14.9B YoY+0.3%	14.8B YoY+0.6%	14.8B YoY+340.9%	3.35B YoY+1.8%	3.29B YoY+9.5%
Retained earnings	-1.45B YoY-61.1%	-899M YoY-137.3%	-379M YoY-179.0%	-136M YoY-5.9%	-128M YoY+63.9%
Accumulated other comprehensive income	-420K YoY-103.3%	12.8M YoY-26.6%	17.4M YoY-64.3%	48.8M YoY+214.7%	-42.5M YoY+57.1%
Non-controlling interest	0.00	0.00	0.00	0.00	0.00
Total equity incl. non-controlling	14.3B YoY-3.6%	14.9B YoY-3.6%	15.4B YoY+278.0%	4.08B YoY+7.7%	3.79B YoY+28.9%
Total liabilities & equity	29.3B YoY+1.4%	28.8B YoY+5.1%	27.5B YoY+125.7%	12.2B YoY+16.2%	10.5B YoY+11.5%
Common shares issued	211M YoY-0.4%	212M YoY+0.3%	211M YoY+57.8%	134M YoY-0.0%	134M YoY+2.0%
Common shares outstanding	211M YoY-0.4%	212M YoY+0.3%	211M YoY+57.8%	134M YoY-0.0%	134M YoY+2.0%
Shares outstanding (cover)	212M YoY+0.1%	212M YoY+0.3%	211M YoY+57.8%	134M YoY+0.0%	134M YoY+3.6%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.85B YoY-2.0%	1.89B YoY+34.6%	1.40B YoY+13.3%	1.24B YoY+30.0%	952M YoY+23.5%
Depreciation & amortization	715M YoY-8.7%	783M YoY+54.7%	506M YoY+75.5%	288M YoY+19.2%	242M
Share-based compensation	35.5M YoY+22.6%	29.0M YoY+9.5%	26.5M YoY+23.8%	21.4M YoY+23.6%	17.3M YoY+6.3%
Deferred income taxes	3.65M YoY+364.6%	-1.38M YoY+57.5%	-3.25M YoY-277.9%	1.83M YoY+102.1%	904K YoY+38.0%
	-814M YoY+50.6%	-1.65B YoY+9.4%	-1.82B YoY-10.3%	-1.65B YoY-96.8%	-838M YoY+12.3%
Capital expenditure	562M YoY+17.3%	479M YoY+253.3%	136M YoY-88.6%	1.19B	—
Acquisitions	—	0.00	0.00 YoY-100.0%	157M	0.00
	-1.04B YoY-412.2%	-202M YoY-147.8%	423M YoY-2.0%	432M YoY+359.0%	-167M YoY-169.0%
Common stock issued	—	—	0.00	0.00 YoY-100.0%	273M YoY+164.0%
Common stock repurchased	150M	0.00	0.00 YoY-100.0%	63.0M	0.00 YoY-100.0%
Dividends paid	1.37B YoY-0.1%	1.38B YoY+31.4%	1.05B YoY+29.9%	805M YoY+34.0%	601M YoY+28.5%
Net change in cash	-123K YoY-100.3%	38.2M YoY+420.1%	7.35M YoY-65.9%	21.5M YoY+141.6%	-51.8M YoY-190.5%
Interest paid	565M YoY+13.1%	499M YoY+47.5%	339M YoY+71.8%	197M YoY+29.5%	152M YoY-4.7%
Income taxes paid	35.3M YoY+4.5%	33.8M YoY+48.4%	22.8M YoY+20.0%	19.0M YoY-27.8%	26.3M YoY+406.7%
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
Market cap	27.6B YoY-12.8%	31.7B YoY-6.4%	33.9B YoY+71.9%	19.7B YoY-35.1%	30.4B YoY+102.7%
P/E	28.4× YoY-23.5%	37.1× YoY-13.3%	42.8× YoY+100.9%	21.3× YoY-41.9%	36.7× YoY+18.0%
P/S	213.5× YoY-18.6%	262.4× YoY-28.1%	365.0× YoY+51.3%	241.3× YoY-47.3%	458.1× YoY+59.5%
P/B	2.1× YoY-9.5%	2.3× YoY-2.4%	2.3× YoY-61.6%	6.1× YoY-37.8%	9.7× YoY+65.7%
P/FCF	21.1× YoY-6.1%	22.5× YoY-25.8%	30.3× YoY-80.7%	157.4× YoY+121.5%	71.0× YoY+215.5%
Earnings yield	3.5% YoY+30.8%	2.7% YoY+15.4%	2.3% YoY-50.2%	4.7% YoY+72.1%	2.7% YoY-15.3%
FCF yield	4.7% YoY+6.5%	4.4% YoY+34.8%	3.3% YoY+418.6%	0.6% YoY-54.9%	1.4% YoY-68.3%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: EXR's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all EXR filings on SEC EDGAR → Not investment advice.

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financial statements