| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 721,674 | 547,641 | 284,925 | 622,431 |
| Depreciation and amortization | 535,088 | 357,622 | 180,356 | 586,821 |
| Amortization of deferred financing costs | 8,757 | 5,651 | 2,790 | 13,419 |
| Non-cash lease expense | 9,661 | 6,447 | - | - |
| Non-cash interest expense related to amortization of discount on life storage unsecured senior notes-Senior Notes | - | - | 11,313 | - |
| Non-cash interest expense related to amortization of discount on unsecured senior notes, net | 35,169 | 23,083 | - | 32,563 |
| Compensation expense related to share-based awards | 22,740 | 15,679 | 7,167 | 14,417 |
| Accrual of interest income added to principal of debt securities and notes receivable | 24,101 | 16,421 | 8,273 | 23,455 |
| Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and sale of a joint venture interest | 9,354 | - | - | 13,730 |
| Impairment of life storage trade name | 0 | - | - | -51,763 |
| Gain on real estate assets held for sale and sold, net | - | - | 35,761 | -63,620 |
| Loss on real estate assets held for sale and sold, net | -70,231 | 34,897 | - | - |
| Distributions from unconsolidated real estate ventures | -24,795 | -17,910 | -9,192 | -21,839 |
| Other assets | 28,098 | -27,003 | -10,218 | -45,737 |
| Accounts payable and accrued expenses | 121,191 | 77,529 | 4,998 | 45,145 |
| Other liabilities | -5,357 | -1,981 | 14,479 | 18,581 |
| Net cash provided by operating activities | 1,482,396 | 1,025,265 | 481,404 | 1,479,151 |
| Acquisition of real estate assets and improvements | 587,547 | 464,517 | 208,624 | 361,126 |
| Life storage merger, net of cash acquired | - | - | - | 0 |
| Development and redevelopment of real estate assets | 111,067 | 79,560 | 35,237 | 100,507 |
| Proceeds from sale of real estate assets | 168,747 | 133,206 | 124,730 | 4,415 |
| Investment in unconsolidated real estate entities | 107,178 | 113,285 | 102,397 | 7,175 |
| Return of investment in unconsolidated real estate ventures | 231,130 | 200,000 | - | 12,999 |
| Issuance of notes receivable | 512,377 | 360,406 | 182,079 | 739,702 |
| Payments received on notes receivable | 137,962 | 46,338 | 39,963 | 153,971 |
| Proceeds from sale of notes receivable | 98,372 | 32,371 | 25,875 | 175,335 |
| Purchase of equipment and fixtures | 15,704 | 8,402 | 4,269 | 15,713 |
| Net cash used in investing activities | -697,662 | -614,255 | -342,038 | -877,503 |
| Proceeds from unsecured term loans, senior notes, revolving lines of credit and commercial paper | 11,436,343 | 6,440,431 | 3,979,431 | 5,542,362 |
| Principal payments on unsecured term loans, senior notes, revolving lines of credit and commercial paper | 12,780,602 | 6,974,943 | 4,615,810 | 6,062,896 |
| Proceeds from issuance of public bonds, net | 1,650,000 | 850,000 | 850,000 | 1,000,000 |
| Deferred financing costs | 30,698 | 13,373 | 13,528 | 12,633 |
| Repurchase of common stock, net of offering costs | 8,615 | 8,615 | - | - |
| Proceeds from share issuances | 0 | 0 | 0 | 365 |
| Redemption of operating partnership units for cash | 1,453 | 279 | - | - |
| Offering costs associated with shelf registration | 0 | 0 | - | 522 |
| Redemption of preferred a units for cash-Series APreferred Stock | - | - | - | 0 |
| Contributions from noncontrolling interests | - | - | - | 15 |
| Dividends paid on common stock | 1,031,930 | 688,085 | 344,203 | 1,031,044 |
| Distributions to noncontrolling interests, net of contributions | 44,848 | 30,761 | 15,511 | 48,053 |
| Net cash used in financing activities | -811,803 | -425,625 | -159,621 | -612,406 |
| Net decrease in cash, cash equivalents, and restricted cash | -27,069 | -14,615 | -20,255 | -10,758 |
| Cash and cash equivalents at beginning of period | 143,303 | 143,303 | 143,303 | 105,083 |
| Cash and cash equivalents at end of period | 116,234 | 128,688 | 123,048 | 94,325 |
Extra Space Storage Inc. (EXR)
Extra Space Storage Inc. (EXR)