For the year ending 2025-12-31, EXR made $3,377,542K in revenue. $973,999K in net income. Net profit margin of 28.84%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Total revenues | 3,377,542 | 3,256,902 | 2,560,244 | 1,924,170 |
| Property operations | 918,148 | 831,566 | 612,036 | 435,342 |
| Tenant reinsurance | 68,873 | 73,886 | 58,874 | 33,560 |
| Transaction costs | - | 0 | 0 | 1,548 |
| Life storage merger transition costs | 0 | 0 | 66,732 | - |
| General and administrative | 186,343 | 167,398 | 146,408 | 129,251 |
| Depreciation and amortization | 715,177 | 783,023 | 506,053 | 288,316 |
| Total expenses | 1,888,541 | 1,855,873 | 1,390,103 | 888,017 |
| Loss on real estate assets held for sale and sold, net | -76,310 | -25,906 | 0 | - |
| Gain on real estate transactions | - | - | - | 14,249 |
| Impairment of life storage trade name | 0 | -51,763 | - | - |
| Income from operations | 1,412,691 | 1,323,360 | 1,170,141 | 1,050,402 |
| Interest expense | 587,613 | 551,354 | 419,035 | 219,171 |
| Non-cash interest expense related to amortization of discount on unsecured senior notes, net | 47,519 | 43,720 | 18,786 | 0 |
| Interest income | 163,202 | 124,422 | 84,857 | 69,422 |
| Income before equity in earnings and dividend income from unconsolidated real estate entities and income tax expense | 940,761 | 852,708 | 817,177 | 900,653 |
| Equity in earnings and dividend income from unconsolidated real estate entities | 68,815 | 67,272 | 54,835 | - |
| Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and sale of a joint venture interest | 54,521 | 13,730 | 0 | - |
| Equity in earnings and dividend income from unconsolidated real estate entities | - | - | - | 41,428 |
| Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets | - | - | - | 0 |
| Current expense | 47,234 | - | 32,551 | 25,138 |
| Tax credits/true-up | -9,326 | - | -7,742 | -6,040 |
| Change in deferred expense/(benefit) | 3,651 | - | -3,250 | 1,827 |
| Income tax expense | 41,559 | 33,478 | 21,559 | 20,925 |
| Net income | 1,022,538 | 900,232 | 850,453 | 921,156 |
| Net income allocated to preferred operating partnership noncontrolling interests | 2,894 | 7,262 | 9,011 | 17,623 |
| Net income allocated to operating partnership and other noncontrolling interests | 45,645 | 38,289 | 38,244 | 42,845 |
| Net income attributable to common stockholders | 973,999 | 854,681 | 803,198 | 860,688 |
| Basic (in dollars per share) | 4.59 | 4.03 | 4.74 | 6.41 |
| Basic (in shares) | 211,850,521 | 211,575,240 | 169,216,989 | 134,050,815 |
| Diluted (in dollars per share) | 4.59 | 4.03 | 4.74 | 6.41 |
| Diluted (in shares) | 211,850,521 | 211,577,680 | 169,220,882 | 141,681,388 |
Extra Space Storage Inc. (EXR)
Extra Space Storage Inc. (EXR)