Extra Space Storage Inc.
Income Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $3.38B | $3.26B | $4.77B | $4.42B | $3.25B | $2.68B | $2.50B |
| Rental Revenue | — | — | — | $4.26B | $3.96B | $2.92B | $2.40B | $2.24B |
| Tenant Reimbursement | — | — | — | $370.0M | $334.0M | $241.6M | $200.7M | $185.3M |
| Management Fees | — | — | — | $29.0M | $26.0M | $18.6M | $13.6M | $11.8M |
| Other | — | — | — | $117.0M | $106.0M | $73.3M | $65.7M | $63.9M |
| Cost of Revenue | — | $918.1M | $831.6M | $612.0M | $435.3M | $368.6M | $360.6M | $336.1M |
| Gross Profit | — | $2.46B | $2.43B | $4.16B | $3.99B | $2.88B | $2.32B | $2.16B |
| Gross Margin | — | 72.8% | 74.5% | 87.2% | 90.2% | 88.7% | 86.6% | 86.5% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | $186.3M | $167.4M | $146.4M | $129.3M | $102.2M | $96.6M | $89.4M |
| Operating Income | — | $1.41B | $1.32B | $1.17B | $1.05B | $976.0M | $666.1M | $635.0M |
| Operating Margin | — | 41.8% | 40.6% | 24.5% | 23.8% | 30.0% | 24.8% | 25.4% |
| Interest Expense | — | — | — | $419.0M | $219.2M | $166.2M | $17.2M | $22.7M |
| Pretax Income | — | $940.8M | $852.7M | $817.2M | $900.7M | $859.5M | $509.0M | $451.2M |
| Income Tax Expense | — | $41.6M | $33.5M | $21.6M | $20.9M | $20.3M | $13.8M | $11.3M |
| Net Income | — | $974.0M | $854.7M | $803.2M | $860.7M | $827.6M | $481.8M | $420.0M |
| Net Margin | — | 28.8% | 26.2% | 16.8% | 19.5% | 25.4% | 18.0% | 16.8% |
| EPS (Basic) | — | $4.59 | $4.03 | $4.74 | $6.41 | $6.20 | $3.71 | $3.27 |
| EPS (Diluted) | — | $4.59 | $4.03 | $4.74 | $6.41 | $6.19 | $3.71 | $3.24 |
| Shares Outstanding (Basic) | 211.1M | 211.9M | 211.6M | 169.2M | 134.1M | 133.4M | 129.5M | 128.2M |
| Shares Outstanding (Diluted) | 211.1M | 211.9M | 211.6M | 169.2M | 141.7M | 140.0M | 129.6M | 136.4M |
| Dividends Per Share | — | $6.48 | $6.48 | $6.48 | $6.00 | $4.50 | $3.60 | $3.56 |