Extra Space Storage Inc.
Income Statement
| Line Item | FY2010 | FY2009 | FY2008 | FY2007 | FY2006 |
|---|---|---|---|---|---|
| Revenue | $903.1M | $894.7M | $861.7M | $764.6M | $629.7M |
| Rental Revenue | $810.1M | $800.7M | $767.1M | $678.9M | $558.1M |
| Tenant Reimbursement | $72.9M | $75.0M | $73.4M | $65.6M | $53.4M |
| Management Fees | $4.2M | $4.4M | $4.7M | $4.6M | $4.2M |
| Other | $15.9M | $14.6M | $16.5M | $15.5M | $14.0M |
| Cost of Revenue | $86.2M | $88.9M | $84.5M | — | — |
| Gross Profit | $816.9M | $805.8M | $777.2M | — | — |
| Gross Margin | 90.5% | 90.1% | 90.2% | — | — |
| Operating Expenses | |||||
| Research & Development | — | — | — | — | — |
| SG&A Expense | $44.4M | $40.2M | $39.4M | — | — |
| Operating Income | $90.8M | $71.9M | $92.5M | — | — |
| Operating Margin | 10.1% | 8.0% | 10.7% | — | — |
| Interest Expense | $64.1M | $67.6M | $64.6M | — | — |
| Pretax Income | $30.8M | $36.4M | $36.9M | — | — |
| Income Tax Expense | $4.2M | $4.3M | $519.0K | — | — |
| Net Income | $26.3M | $32.0M | $35.8M | — | — |
| Net Margin | 2.9% | 3.6% | 4.2% | — | — |
| EPS (Basic) | $0.30 | $0.37 | $0.46 | — | — |
| EPS (Diluted) | $0.30 | $0.37 | $0.46 | — | — |
| Shares Outstanding (Basic) | 87.3M | 86.3M | 77.0M | — | — |
| Shares Outstanding (Diluted) | 92.1M | 91.1M | 82.4M | — | — |
| Dividends Per Share | $0.40 | $0.38 | $1.00 | — | — |