Extra Space Storage Inc. (EXR)
NYSE: EXR · IEX Real-Time Price · USD
164.61
+3.92 (2.44%)
Jul 26, 2024, 4:00 PM EDT - Market closed
Extra Space Storage Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Year Ending | TTM | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | 2018 - 2013 |
|---|---|---|---|---|---|---|---|
| Rental Revenue | 2,477 | 2,223 | 1,655 | 1,341 | 1,158 | 1,130 | Upgrade
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| Property Management Fees | 110.75 | 101.99 | 83.9 | 66.26 | 52.13 | 49.89 | Upgrade
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| Other Revenue | 328.86 | 290.52 | 226.96 | 202.47 | 168.92 | 139.66 | Upgrade
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| Total Revenue | 2,916 | 2,615 | 1,966 | 1,610 | 1,379 | 1,320 | Upgrade
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| Revenue Growth (YoY | 43.92% | 33.04% | 22.11% | 16.77% | 4.46% | 8.97% | Upgrade
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| Property Expenses | 734.88 | 638.12 | 449.7 | 379.3 | 358.77 | 340.32 | Upgrade
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| Selling, General & Administrative | 188.16 | 179.2 | 148.54 | 120.99 | 124.93 | 114.52 | Upgrade
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| Depreciation & Amortization | 624.53 | 506.05 | 288.32 | 241.88 | 224.44 | 219.86 | Upgrade
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| Total Operating Expenses | 1,548 | 1,323 | 886.55 | 742.17 | 708.15 | 674.7 | Upgrade
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| Operating Income | 1,369 | 1,292 | 1,079 | 867.55 | 670.43 | 645.03 | Upgrade
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| Interest Expense | -501.31 | -437.82 | -219.17 | -166.18 | -172.3 | -191.27 | Upgrade
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| Net Interest Expense | -412.32 | -352.96 | -149.75 | -116.48 | -157.11 | -183.8 | Upgrade
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| EBT Excluding Unusual Items | 956.37 | 938.74 | 929.3 | 751.07 | 513.32 | 461.23 | Upgrade
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| Merger & Restructuring Charges | -66.73 | -66.73 | -1.47 | - | - | - | Upgrade
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| Gain (Loss) on Sale of Investments | - | - | - | 6.25 | - | - | Upgrade
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| Gain (Loss) on Sale of Assets | - | - | 14.25 | 140.76 | 18.08 | 1.21 | Upgrade
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| Pretax Income | 889.64 | 872.01 | 942.08 | 898.08 | 531.39 | 462.43 | Upgrade
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| Income Tax Expense | 23.99 | 21.56 | 20.93 | 20.32 | 13.81 | 11.31 | Upgrade
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| Earnings From Continuing Operations | 865.65 | 850.45 | 921.16 | 877.76 | 517.58 | 451.12 | Upgrade
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| Minority Interest | -45.64 | -47.26 | -60.47 | -50.11 | -35.8 | -31.16 | Upgrade
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| Preferred Dividends & Other Adjustments | 1.28 | 1.23 | 1.2 | 1.18 | 0.71 | 0.68 | Upgrade
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| Net Income to Common Shareholders | 818.73 | 801.97 | 859.49 | 826.47 | 481.07 | 419.29 | Upgrade
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| Net Income Growth | -3.91% | -6.68% | 3.99% | 71.79% | 14.72% | 1.13% | Upgrade
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| Basic Shares Outstanding | 188 | 169 | 134 | 133 | 130 | 128 | Upgrade
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| Diluted Shares Outstanding | 188 | 169 | 142 | 140 | 130 | 136 | Upgrade
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| Shares Change (YoY) | 32.72% | 19.44% | 1.19% | 8.05% | -5.02% | 2.46% | Upgrade
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| EPS (Basic) | 4.35 | 4.74 | 6.41 | 6.20 | 3.71 | 3.27 | Upgrade
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| EPS (Diluted) | 4.33 | 4.74 | 6.41 | 6.19 | 3.71 | 3.24 | Upgrade
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| EPS Growth | -31.85% | -26.04% | 3.45% | 66.96% | 14.67% | -1.15% | Upgrade
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| Dividend Per Share | 6.480 | 6.480 | 6.000 | 4.500 | 3.600 | 3.560 | Upgrade
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| Dividend Growth | 5.88% | 8.00% | 33.33% | 25.00% | 1.12% | 5.95% | Upgrade
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| Payout Ratio | 146.28% | 130.27% | 93.57% | 72.61% | 97.09% | 109.08% | Upgrade
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| EBITDA | 1,988 | 1,792 | 1,362 | 1,109 | 894.87 | 864.88 | Upgrade
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| EBITDA Margin | 68.16% | 68.54% | 69.30% | 68.92% | 64.91% | 65.53% | Upgrade
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| D&A For Ebitda | 619.15 | 500.68 | 283.17 | 241.88 | 224.44 | 219.86 | Upgrade
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| EBIT | 1,369 | 1,292 | 1,079 | 867.55 | 670.43 | 645.03 | Upgrade
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| EBIT Margin | 46.93% | 49.39% | 54.90% | 53.89% | 48.63% | 48.88% | Upgrade
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| Funds From Operations (FFO) | 1,479 | 1,352 | 1,199 | 973.97 | - | 667.89 | Upgrade
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| FFO Per Share | 7.45 | 7.56 | 8.38 | - | - | - | Upgrade
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| Adjusted Funds From Operations (AFFO) | - | 1,352 | 1,199 | 973.97 | - | 667.89 | Upgrade
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| AFFO Per Share | - | 7.56 | 8.38 | - | - | - | Upgrade
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| Effective Tax Rate | 2.70% | 2.47% | 2.22% | 2.26% | 2.60% | 2.45% | Upgrade
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| Revenue as Reported | 2,857 | 2,560 | 1,924 | 1,577 | 1,356 | 1,308 | Upgrade
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Source: S&P Capital IQ. Real Estate template.