The latest financial statement is for the quarter ending 2026-03-31.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 252,420 | 300,864 | 174,033 | 262,716 |
| Depreciation and amortization | 185,795 | 180,089 | 177,466 | 177,266 |
| Amortization of deferred financing costs | 3,228 | 3,173 | 3,106 | 2,861 |
| Non-cash lease expense | 3,152 | 3,227 | 3,214 | 6,447 |
| Non-cash interest expense related to amortization of discount on unsecured senior notes, net | 12,555 | 12,350 | 12,086 | 23,083 |
| Compensation expense related to share-based awards | 7,606 | 12,797 | 7,061 | 8,512 |
| Accrual of interest income added to principal of debt securities and notes receivable | 7,710 | 8,453 | 7,680 | 8,148 |
| Loss on real estate assets held for sale and sold, net | - | -112,071 | - | - |
| Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and sale of a joint venture interest | - | 45,167 | 9,354 | - |
| Impairment of life storage trade name | - | 0 | 0 | - |
| Equity in earnings of unconsolidated real estate ventures - gain on sale of a joint venture interest | 207 | - | - | - |
| Gain on real estate assets held for sale and sold, net | 70,231 | - | -105,128 | 34,897 |
| Distributions in excess of earnings from unconsolidated real estate ventures | -3,332 | -4,429 | -6,885 | -8,718 |
| Other assets | -38,187 | -49,249 | 55,101 | -16,785 |
| Accounts payable and accrued expenses | 9,989 | -113,895 | 43,662 | 72,531 |
| Other liabilities | -18,492 | -36,945 | -3,376 | -16,460 |
| Net cash provided by operating activities | 489,855 | 367,797 | 457,131 | 543,861 |
| Acquisition of real estate assets and improvements | 74,469 | 338,720 | 123,030 | 255,893 |
| Life storage merger, net of cash acquired | - | 0 | - | - |
| Development and redevelopment of real estate assets | 26,419 | 31,958 | 31,507 | 44,323 |
| Proceeds from sale of real estate assets | 6,103 | 199,436 | 35,541 | 8,476 |
| Investment in unconsolidated real estate entities | 5,563 | 19,927 | -6,107 | 10,888 |
| Return of investment in unconsolidated real estate ventures | - | 60,182 | 31,130 | 200,000 |
| Issuance of notes receivable | 14,590 | 102,835 | 151,971 | 178,327 |
| Payments received on notes receivable | 40,957 | 108,514 | 91,624 | 6,375 |
| Issuance of loan collateralized with op units | - | 0 | - | - |
| Proceeds from sale of notes receivable | 29,335 | 14,192 | 66,001 | 6,496 |
| Purchase of equipment and fixtures | 2,855 | 5,435 | 7,302 | 4,133 |
| Net cash used in investing activities | -47,501 | -116,551 | -83,407 | -272,217 |
| Proceeds from secured and unsecured term loans, senior notes, revolving lines of credit and commercial paper | 4,173,770 | 4,746,800 | 4,995,912 | 2,461,000 |
| Principal payments on secured and unsecured term loans, senior notes, revolving lines of credit and commercial paper | 4,248,783 | 4,468,038 | 5,805,659 | 2,359,133 |
| Proceeds from issuance of public bonds, net | 0 | 0 | 800,000 | 0 |
| Deferred financing costs | 48 | 1,713 | 17,325 | -155 |
| Proceeds from share issuances | - | 0 | 0 | 0 |
| Offering costs associated with shelf registration | - | 0 | 0 | 0 |
| Repurchase of common stock | 1,443 | 140,933 | 0 | 8,615 |
| Redemption of operating partnership units for cash | 1,656 | 0 | 1,174 | 279 |
| Redemption of preferred op units for cash | 6,000 | 0 | - | - |
| Dividends paid on common stock | 342,753 | 342,368 | 343,845 | 343,882 |
| Distributions to noncontrolling interests, net of contributions | 15,216 | 18,048 | 14,087 | 15,250 |
| Net cash used in financing activities | -442,129 | -224,300 | -386,178 | -266,004 |
| Net change in cash, cash equivalents, and restricted cash | 225 | 26,946 | -12,454 | 5,640 |
| Cash, cash equivalents, and restricted cash, beginning of the period | 143,180 | - | - | - |
| Cash, cash equivalents, and restricted cash, end of the period | 143,405 | - | - | - |
Extra Space Storage Inc. (EXR)
Extra Space Storage Inc. (EXR)