Extra Space Storage Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	3,248	3,136	2,458	1,840	1,511
Service and Other Revenue	129.48	120.86	101.99	83.9	66.26
Revenue	3,378	3,257	2,560	1,924	1,577
Revenue Growth (YoY)	3.70%	27.21%	33.06%	21.99%	16.31%
Property Expenses	918.15	831.57	612.04	435.34	368.61
Service and Other Expenses	68.87	73.89	58.87	33.56	29.49
Total Property Expenses	987.02	905.45	670.91	468.9	398.1
Gross Profit	2,391	2,351	1,889	1,455	1,179
Selling, General & Admin	186.34	167.4	213.14	130.8	102.19
Depreciation & Amortization Expenses	715.18	783.02	506.05	288.32	241.88
Other Operating Expenses	76.31	25.91	-	-14.25	-140.76
Operating Income	1,413	1,323	1,170	1,050	975.95
Interest Income	163.2	124.42	84.86	69.42	49.7
Interest Expense	-635.13	-595.07	-437.82	-219.17	-166.18
Other Non-Operating Income (Expense)	123.34	29.24	54.84	41.43	38.61
Total Non-Operating Income (Expense)	-348.59	-441.41	-298.13	-108.32	-77.87
Pretax Income	1,064	881.95	872.01	942.08	898.08
Provision for Income Taxes	-41.56	-33.48	-21.56	-20.93	-20.32
Net Income	974	854.68	803.2	921.16	877.76
Minority Interest in Earnings	45.65	38.29	38.24	-	-
Net Income Attributable to Preferred Dividends	2.89	7.26	9.01	-	-
Net Income to Common	974	854.68	803.2	921.16	877.76
Net Income Growth	13.96%	6.41%	-12.80%	4.94%	69.59%
Shares Outstanding (Basic)	212	212	169	134	133
Shares Outstanding (Diluted)	212	212	169	142	140
Shares Change (YoY)	0.13%	25.03%	19.44%	1.19%	8.05%
EPS (Basic)	4.59	4.03	4.74	6.41	6.20
EPS (Diluted)	4.59	4.03	4.74	6.41	6.19
EPS Growth	13.90%	-14.98%	-26.05%	3.55%	66.85%
Free Cash Flow	759.76	1,088	965.59	-138.2	-340.75
Free Cash Flow Growth	-30.15%	12.65%	-	-	-
Free Cash Flow Per Share	3.59	5.14	5.71	-0.98	-2.43
Dividends Per Share	6.480	6.480	6.480	6.000	4.500
Dividend Growth	-	-	8.00%	33.33%	25.00%
Gross Margin	70.78%	72.20%	73.80%	75.63%	74.76%
Operating Margin	41.83%	40.63%	45.70%	54.59%	61.87%
Profit Margin	30.27%	27.64%	33.22%	47.87%	55.65%
FCF Margin	22.49%	33.40%	37.71%	-7.18%	-21.60%
EBITDA	2,128	2,106	1,676	1,339	1,218
EBITDA Margin	63.00%	64.67%	65.47%	69.57%	77.21%
EBIT	1,413	1,323	1,170	1,050	975.95
EBIT Margin	41.83%	40.63%	45.70%	54.59%	61.87%
Effective Tax Rate	-3.91%	-3.80%	-2.47%	-2.22%	-2.26%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.