Extra Space Storage Inc.
EXRAPI behind this page
EXR FY 2025 request
Playground key active
/api/financials?ticker=EXR&year=2025&quarter=4&full_year_mode=true
Pick an endpoint and run the request.Income Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Lease Income | 2,895,190 | 2,803,252 | +3.3% |
| Direct Premiums Earned | 352,876 | 332,795 | +6.0% |
| Revenue | 129,476 | 120,855 | +7.1% |
| Revenue | 3,377,542 | 3,256,902 | +3.7% |
Show Business Segments breakouts |
|||
| Self-Storage Operations · Operating Segments | 2,895,190 | 2,803,252 | +3.3% |
| Tenant Reinsurance · Operating Segments | 352,876 | 332,795 | +6.0% |
Show Consolidation Items breakouts |
|||
| Operating Segments | 3,248,066 | 3,136,047 | +3.6% |
| Cost of Revenue | 918,148 | 831,566 | +10.4% |
| Tenant Reinsurance Expense | 68,873 | 73,886 | -6.8% |
| General & Administrative | 186,343 | 167,398 | +11.3% |
| Depreciation & Amortization | 715,177 | 783,023 | -8.7% |
| Total Costs & Expenses | 1,888,541 | 1,855,873 | +1.8% |
| Gains Losses On Real Estate Transactions And Earn Out From Prior Acquisition And Sale Of Other Assets | -76,310 | -25,906 | -194.6% |
| Operating Income | 1,412,691 | 1,323,360 | +6.8% |
Show Business Segments breakouts |
|||
| Self-Storage Operations · Operating Segments | 1,977,042 | 1,971,686 | +0.3% |
| Tenant Reinsurance · Operating Segments | 284,003 | 258,909 | +9.7% |
Show Consolidation Items breakouts |
|||
| Operating Segments | 2,261,045 | 2,230,595 | +1.4% |
| Interest Expense Excluding Amortization Of Debt Discount Premium | -587,613 | -551,354 | -6.6% |
| Amortization Of Debt Discount Premium | -47,519 | -43,720 | -8.7% |
| Interest Income | 163,202 | 124,422 | +31.2% |
| Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments | 940,761 | 852,708 | +10.3% |
| Income Loss From Equity Method Investments | 68,815 | 67,272 | +2.3% |
| Equity Method Investments Gain Loss On Sale Of Real Estate Assets And Purchase Of Joint Venture Partner Interest | 54,521 | 13,730 | +297.1% |
| Income Tax Expense (Benefit) | -41,559 | -33,478 | -24.1% |
| Net Income | 1,022,538 | 900,232 | +13.6% |
Show Equity Components breakouts |
|||
| Operating Partnership | 45,625 | 38,239 | +19.3% |
| Other | 20 | 50 | -60.0% |
| Preferred Operating Partnership | 2,894 | 7,262 | -60.1% |
| Retained Earnings | 973,999 | 854,681 | +14.0% |
| Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable | -2,894 | -7,262 | +60.1% |
| Minority Interest In Net Income Loss Operating Partnerships And Other | -45,645 | -38,289 | -19.2% |
| Net Income | 973,999 | 854,681 | +14.0% |
| EPS (Basic) | 4.59 | 4.03 | +13.9% |
| EPS (Diluted) | 4.59 | 4.03 | +13.9% |
| Wtd Avg Shares (Basic) | 211,850,521 | 211,575,240 | +0.1% |
| Wtd Avg Shares (Diluted) | 211,850,521 | 211,577,680 | +0.1% |
| Operating Expenses (FY) | — | — | — |
Show Business Segments breakouts |
|||
| Self-Storage Operations · Operating Segments | 918,148 | 831,566 | +10.4% |
Show Consolidation Items breakouts |
|||
| Operating Segments | 987,021 | 905,452 | +9.0% |
| Comprehensive Income | 960,773 | 850,052 | +13.0% |
| Labor And Related Expense (FY) | — | — | — |
Show Business Segments breakouts |
|||
| Self-Storage Operations · Operating Segments | 183,068 | 170,529 | +7.4% |
| Net Income Loss Available To Common Stockholders Basic | 972,260 | 853,186 | +14.0% |
Balance Sheet
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Current Assets | |||
| Cash & Cash Equivalents | 138,920 | 138,222 | +0.5% |
| Non-Current Assets | |||
| Operating Lease Right-of-Use Assets | 732,176 | 689,803 | +6.1% |
| Total Assets | 29,264,046 | 28,847,926 | +1.4% |
| Property, Plant & Equipment | 65,154 | 50,365 | +29.4% |
Show Property Plant And Equipment By Type breakouts |
|||
| Software Development | 25,294 | 16,254 | +55.6% |
| Goodwill | 170,811 | 170,811 | 0.0% |
| Intangible Assets | 11,593 | 32,206 | -64.0% |
| Other Assets | |||
| Real Estate Investment Property Net | 25,004,350 | 24,587,627 | +1.7% |
| Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures | 1,066,783 | 1,332,338 | -19.9% |
| Debt Securities Held To Maturity And Financing Receivable After Allowance For Credit Loss And Interest Receivable | 1,806,526 | 1,550,950 | +16.5% |
| Other Assets | 515,291 | 548,986 | -6.1% |
| Non-Current Liabilities | |||
| Accounts Payable And Accrued Liabilities Current And Noncurrent | 357,583 | 346,519 | +3.2% |
| Total Liabilities | 14,940,010 | 13,988,564 | +6.8% |
| Long-Term Debt (Q) | — | — | — |
Show Long-Term Debt Type breakouts |
|||
| Term Debt | 12,006,651 | 10,960,016 | +9.5% |
| Other Liabilities | |||
| Other Notes Payable | 1,079,565 | 1,010,541 | +6.8% |
| Unsecured Debt | 1,494,659 | 2,192,507 | -31.8% |
| Senior Notes | 9,432,427 | 7,756,968 | +21.6% |
| Line Of Credit | 1,224,000 | 1,362,000 | -10.1% |
Show Debt Instrument breakouts |
|||
| Commercial Paper | 680,000 | — | — |
| Lines Of Credit | 1,224,000 | — | — |
| Secured credit line | 19,000 | — | — |
| Unsecured Credit Line | 525,000 | — | — |
| Operating Lease Liability | 761,106 | 705,845 | +7.8% |
| Cash Distributions In Unconsolidated Real Estate Ventures | 73,701 | 75,319 | -2.1% |
| Other Liabilities | 516,969 | 538,865 | -4.1% |
| Stockholders' Equity | |||
| Common Stock | 2,112 | 2,120 | -0.4% |
| Additional Paid In Capital Common Stock | 14,880,646 | 14,831,946 | +0.3% |
| Accumulated Other Comprehensive Income | -420 | 12,806 | -103.3% |
| Retained Earnings | -1,449,172 | -899,337 | -61.1% |
| Total Stockholders' Equity | 13,433,166 | 13,947,535 | -3.7% |
| Minority Interest In Preferred Unit Holders | 53,827 | 76,092 | -29.3% |
Show Preferred Units By Name breakouts |
|||
| Series B Units | 33,567 | 33,567 | 0.0% |
| Series D Units | 20,260 | 42,525 | -52.4% |
| Minority Interest In Operating Partnerships | 837,043 | 835,735 | +0.2% |
| Stockholders Equity Including Portion Attributable To Noncontrolling Interest | 14,324,036 | 14,859,362 | -3.6% |
Show Equity Components breakouts |
|||
| Accumulated Other Comprehensive Income | -420 | 12,806 | -103.3% |
| Additional Paid In Capital | 14,880,646 | 14,831,946 | +0.3% |
| Common Stock | 2,112 | 2,120 | -0.4% |
| Operating Partnership | 822,869 | 823,898 | -0.1% |
| Other | 14,174 | 11,837 | +19.7% |
| Preferred Operating Partnership | 53,827 | 76,092 | -29.3% |
| Retained Earnings | -1,449,172 | -899,337 | -61.1% |
| Total Liabilities & Equity | 29,264,046 | 28,847,926 | +1.4% |
Cash Flow Statement
| Metric | FY 2025 | FY 2024 | YoY |
|---|---|---|---|
| Operating Activities | |||
| Amortization of Financing Costs | 11,930 | 16,673 | -28.4% |
| Operating Lease Right Of Use Asset Amortization Expense | 12,888 | 3,224 | +299.8% |
| Noncash Interest Income | -32,554 | -31,367 | -3.8% |
| Stock-Based Compensation | 35,537 | 28,991 | +22.6% |
| Gains Losses On Real Estate Transactions Net Of Impairment Of Real Estate | 76,310 | 25,906 | +194.6% |
| Income Loss From Equity Method Investments Net Of Dividends Or Distributions | 29,224 | 30,745 | -4.9% |
| Increase Decrease In Other Operating Assets | 21,151 | -15,464 | +236.8% |
| Increase Decrease In Accounts Payable And Accrued Liabilities | 7,296 | 964 | +656.8% |
| Increase Decrease In Other Operating Liabilities | -42,302 | 62,750 | -167.4% |
| Net Cash from Operations | 1,850,193 | 1,887,430 | -2.0% |
| Noncontrolling Interest Increase Decrease From Redemptions Of Operating Partnership Units | -26,218 | -32,954 | +20.4% |
| Redemption Of Operating Partnership Units Held By Noncontrolling Interest Including Additional Paid In Capital | 26,218 | 31,054 | -15.6% |
| Right Of Use Asset Obtained In Exchange For Operating Lease Liability | 5,829 | 486,266 | -98.8% |
| Establishment Of Operating Lease Liability | -5,829 | -486,266 | +98.8% |
| Deferred Income Taxes | 3,651 | -1,380 | +364.6% |
| Investing Activities | |||
| Payments To Acquire Real Estate | -926,267 | -650,535 | -42.4% |
| Payments To Develop Real Estate Assets | -143,025 | -128,618 | -11.2% |
| Proceeds From Sale Of Real Estate Heldforinvestment | 368,183 | 124,928 | +194.7% |
| Payments For Investment In Unconsolidated Real Estate Entities | -127,105 | -301,917 | +57.9% |
| Return Of Investment Real Estate Ventures | 291,312 | 15,413 | +1790.0% |
| Payments To Acquire Notes Receivable | -615,212 | -960,272 | +35.9% |
Show Accounts Notes Loans And Financing Receivable By Receivable Type breakouts |
|||
| Bridge Loan | -406,644 | — | — |
| Proceeds From Sale Of Notes Receivable | 112,564 | 183,632 | -38.7% |
| Proceeds From Collection Of Notes Receivable | 246,476 | 140,963 | +74.9% |
| Payments To Acquire Furniture And Fixtures | -21,139 | -20,514 | -3.0% |
| Net Cash from Investing | -814,213 | -1,646,920 | +50.6% |
| Financing Activities | |||
| Proceeds From Issuance Of Debt | 16,183,143 | 8,685,933 | +86.3% |
| Debt Repayments | -17,248,640 | -8,724,444 | -97.7% |
| Proceeds From Issuance Of Unsecured Debt | 1,650,000 | 1,300,000 | +26.9% |
| Payments Of Financing Costs | -32,411 | -23,130 | -40.1% |
| Share Repurchases | -149,548 | — | — |
| Cash Portion Of Redemption Of Operating Partnership Units | -1,453 | -2,341 | +37.9% |
| Payments Of Dividends Common Stock | -1,374,298 | -1,375,003 | +0.1% |
| Payments Of Dividends Minority Interest | -62,896 | -63,148 | +0.4% |
| Net Cash from Financing | -1,036,103 | -202,290 | -412.2% |
| Supplemental | |||
| Interest Paid | 564,665 | 499,417 | +13.1% |
| Unpaid Capital Expenditures | -3,768 | -11,037 | +65.9% |
| Income Taxes Paid | 35,287 | 33,772 | +4.5% |
| Other Cash Flow | |||
| Net Change in Cash | -123 | 38,220 | -100.3% |
| Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents | 143,180 | 143,303 | -0.1% |
| Restricted Cash | 4,260 | 5,081 | -16.2% |
| Minority Interest Decrease From Redemptions (FY) | — | — | — |
Show Equity Components breakouts |
|||
| Additional Paid In Capital · Redemption of units for cash | -529 | -896 | +41.0% |
| Operating Partnership · Redemption of units for cash | -924 | -1,445 | +36.1% |
Show Subsidiary Sale Of Stock breakouts |
|||
| Redemption of units for cash | -1,453 | -2,341 | +37.9% |
| Noncash Or Part Noncash Acquisition Net Real Estate Assets Acquired | 487,894 | 137,761 | +254.2% |
| Issuance Of Equity For Acquisition Of Real Estate Assets | -19,736 | -100,414 | +80.3% |
| Investments In Consolidated Real Estate Joint Ventures Net Of Distributions Received | -135,930 | — | — |
| Asset Acquisition Real Estate Assets Net Liabilities Assumed | -299,078 | — | — |
| Bridge Loan Receivable | 33,150 | 39,200 | -15.4% |
| Real Estate Additions Portion Not Yet Paid | 3,768 | 11,037 | -65.9% |
Values in thousands USD. Source: SEC EDGAR 10-K filing.