Extra Space Storage Inc.
Extra Space Storage Inc. (EXR) Financial Performance & Income Statement Overview
Review Extra Space Storage Inc. (EXR) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Extra Space Storage Inc. (EXR) Income Statement & Financial Overview
Review Extra Space Storage Inc. EXR income statement with detailed quarterly and annual figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $820.00M | $821.90M | $824.80M | $810.66M |
| Cost of Revenue | $240.70M | $239.35M | $226.54M | $411.34M |
| Gross Profit | $579.30M | $582.54M | $598.26M | $399.32M |
| Gross Profit Ratio | $0.71 | $0.71 | $0.73 | $0.49 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $45.97M | $44.02M | $39.75M | $39.90M |
| Operating Expenses | $190.57M | $202.51M | $295.52M | $234.71M |
| Total Costs & Expenses | $431.27M | $441.86M | $470.30M | $451.24M |
| Interest Income | $38.97M | $34.68M | $34.95M | $31.23M |
| Interest Expense | $153.71M | $149.64M | $153.86M | $147.99M |
| Depreciation & Amortization | $180.36M | $196.20M | $195.05M | $194.81M |
| EBITDA | $627.98M | $629.67M | $549.55M | $571.48M |
| EBITDA Ratio | $0.77 | $0.77 | $0.67 | $0.70 |
| Operating Income | $388.73M | $380.03M | $302.74M | $359.42M |
| Operating Income Ratio | $0.47 | $0.46 | $0.37 | $0.44 |
| Other Income/Expenses (Net) | -$94.81M | -$96.20M | -$88.94M | -$99.50M |
| Income Before Tax | $293.92M | $283.84M | $213.80M | -$480.99M |
| Income Before Tax Ratio | $0.36 | $0.35 | $0.26 | -$0.59 |
| Income Tax Expense | $8.99M | $6.04M | $10.86M | $9.84M |
| Net Income | $270.88M | $262.49M | $192.82M | $185.87M |
| Net Income Ratio | $0.33 | $0.32 | $0.23 | $0.23 |
| EPS | $1.28 | $1.24 | $0.95 | $0.88 |
| Diluted EPS | $1.28 | $1.24 | $0.91 | $0.88 |
| Weighted Avg Shares Outstanding | $211.85M | $211.74M | $211.70M | $211.58M |
| Weighted Avg Shares Outstanding (Diluted) | $212.05M | $211.74M | $220.30M | $211.59M |
The company's financials show resilient growth, with revenue advancing from $810.66M in Q2 2024 to $820.00M in Q1 2025. Gross profit remained healthy with margins at 71% in Q1 2025 compared to 49% in Q2 2024. Operating income hit $388.73M last quarter, sustaining a consistent 47% margin. Changes in R&D and SG&A spending did not hinder EBITDA, which stood at $627.98M. Net income rose to $270.88M, while earnings per share reached $1.28. Strong cost management and operational efficiency kept profitability intact, underlining the company's stable and competitive market performance.
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