EXR— Extra Space Storage Inc.

Real EstateReal Estate Investment Trusts$31.0B mkt cap

Metric	FY2025	FY2024	FY2023	FY2022
Property rental	$2.90B+3.3%	$2.80B+26.1%	$2.22B+34.3%	$1.65B
Tenant reinsurance	$352.9M+6.0%	$332.8M+41.2%	$235.7M+27.0%	$185.5M
Management fees and other income	$129.5M+7.1%	$120.9M+18.5%	$102.0M+21.6%	$83.9M
Total revenues	$3.38B+3.7%	$3.26B+27.2%	$2.56B+33.1%	$1.92B
Property operations	$918.1M+10.4%	$831.6M+35.9%	$612.0M+40.6%	$435.3M
Tenant reinsurance	$68.9M-6.8%	$73.9M+25.5%	$58.9M+75.4%	$33.6M
Life Storage Merger transition costs	$0	$0-100.0%	$66.7M	$0
General and administrative	$186.3M+11.3%	$167.4M+14.3%	$146.4M+13.3%	$129.3M
Depreciation and amortization	$715.2M-8.7%	$783.0M+54.7%	$506.1M+75.5%	$288.3M
Total expenses	$1.89B+1.8%	$1.86B+33.5%	$1.39B+56.5%	$888.0M
Loss on real estate assets held for sale and sold, net	-$76.3M-194.6%	-$25.9M	$0-100.0%	$14.2M
Impairment of Life Storage trade name	$0+100.0%	-$51.8M	$0	$0
Income from operations	$1.41B+6.8%	$1.32B+13.1%	$1.17B+11.4%	$1.05B
Interest expense	-$587.6M-6.6%	-$551.4M-31.6%	-$419.0M-91.2%	-$219.2M
Non-cash interest expense related to amortization of discount on unsecured senior notes, net	-$47.5M-8.7%	-$43.7M-132.7%	-$18.8M	$0
Interest income	$163.2M+31.2%	$124.4M+46.6%	$84.9M+22.2%	$69.4M
Income before equity in earnings and dividend income from unconsolidated real estate entities and income tax expense	$940.8M+10.3%	$852.7M+4.3%	$817.2M-9.3%	$900.7M
Equity in earnings and dividend income from unconsolidated real estate entities	$68.8M+2.3%	$67.3M+22.7%	$54.8M+32.4%	$41.4M
Equity in earnings of unconsolidated real estate ventures - gain on sale of real estate assets and sale of a joint venture interest	$54.5M+297.1%	$13.7M	$0	$0
Income tax expense	-$41.6M-24.1%	-$33.5M-55.3%	-$21.6M-3.0%	-$20.9M
Net income	$1.02B+13.6%	$900.2M+5.9%	$850.5M-7.7%	$921.2M
Net income allocated to Preferred Operating Partnership noncontrolling interests	-$2.9M+60.1%	-$7.3M+19.4%	-$9.0M+48.9%	-$17.6M
Net income allocated to Operating Partnership and other noncontrolling interests	-$45.6M-19.2%	-$38.3M-0.1%	-$38.2M+10.7%	-$42.8M
Net income attributable to common stockholders	$974.0M+14.0%	$854.7M+6.4%	$803.2M-6.7%	$860.7M
Basic (in dollars per share)	$4590.00+13.9%	$4030.00-15.0%	$4740.00-26.1%	$6410.00
Diluted (in dollars per share)	$4590.00+13.9%	$4030.00-15.0%	$4740.00-26.1%	$6410.00
Basic (in shares)	211.85B+0.1%	211.58B+25.0%	169.22B+26.2%	134.05B
Diluted (in shares)	211.85B+0.1%	211.58B+25.0%	169.22B+19.4%	141.68B

Source: SEC EDGAR XBRL. % change vs prior period shown where available.

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Source: SEC EDGAR 10-K and 10-Q filings. Last 4 years annual and quarterly free, full history (up to 20 years) on Pro.