Extra Space Storage Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.38B | $3.26B | $2.56B | $1.92B | $1.58B | $1.36B | $1.31B | $1.20B |
| Cost of Revenue | $918.1M | $831.6M | $612.0M | $435.3M | $368.6M | $360.6M | $336.1M | $291.7M |
| Gross Profit | $2.46B | $2.43B | $1.95B | $1.49B | $1.21B | $995.6M | $972.4M | $904.9M |
| Gross Margin | 72.8% | 74.5% | 76.1% | 77.4% | 76.6% | 73.4% | 74.3% | 75.6% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $186.3M | $167.4M | $146.4M | $129.3M | $102.2M | $96.6M | $89.4M | $81.3M |
| Operating Income | $1.41B | $1.32B | $1.17B | $1.05B | $976.0M | $666.1M | $635.0M | $619.7M |
| Operating Margin | 41.8% | 40.6% | 45.7% | 54.6% | 61.9% | 49.1% | 48.5% | 51.8% |
| Interest Expense | — | — | $419.0M | $219.2M | $166.2M | $17.2M | $22.7M | $178.4M |
| Pretax Income | $940.8M | $852.7M | $817.2M | $900.7M | $859.5M | $509.0M | $451.2M | $441.9M |
| Income Tax Expense | $41.6M | $33.5M | $21.6M | $20.9M | $20.3M | $13.8M | $11.3M | $9.2M |
| Net Income | $974.0M | $854.7M | $803.2M | $860.7M | $827.6M | $481.8M | $420.0M | $415.3M |
| Net Margin | 28.8% | 26.2% | 31.4% | 44.7% | 52.5% | 35.5% | 32.1% | 34.7% |
| EPS (Basic) | $4.59 | $4.03 | $4.74 | $6.41 | $6.20 | $3.71 | $3.27 | $3.29 |
| EPS (Diluted) | $4.59 | $4.03 | $4.74 | $6.41 | $6.19 | $3.71 | $3.24 | $3.27 |
| Shares Outstanding (Basic) | 211.9M | 211.6M | 169.2M | 134.1M | 133.4M | 129.5M | 128.2M | 126.1M |
| Shares Outstanding (Diluted) | 211.9M | 211.6M | 169.2M | 141.7M | 140.0M | 129.6M | 136.4M | 133.2M |
| Dividends Per Share | $6.48 | $6.48 | $6.48 | $6.00 | $4.50 | $3.60 | $3.56 | $3.36 |