ES
MARKETS / NYSE / EXR
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Extra Space Storage Inc. EXR

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$129.5M
▲ 7.1% vs FY2024
EPS · FY25
$4.59
Dividend / sh · FY25
$6.48
Payout · FY25
141%
ROE · FY25
7.1%
Net margin · FY25
752.3%
Dividend coverage
0.7×
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Result
USD 129.5M
Revenue, FY2025 · full 18-year series below
Revenue Net income
0.040.080.120.160.11.02008201120142017202020232025
0.040.080.120.160.11.02016201920222025

752 cents of every revenue dollar became profit this year.

Per share
USD 4.59
Diluted EPS, FY2025
EPS Dividend
2.557.56.484.592008201120142017202020232025
2.557.56.484.592016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
7.1%
Return on equity, FY2025
ROE
81624327.1%2008201120142017202020232025
81624327.1%2016201920222025
Operating margin1091.1%
Net margin752.3%
Return on assets3.4%

Each USD of equity produced 7 cents of profit this year.

Returned to shareholders
USD 1.5B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 1.4B
Net buybacksUSD 149.5M
Share of profit156.5%
Consecutive raises—

USD 1.4B in dividends and USD 149.5M in buybacks — 156% of the year's profit, so the payout drew on cash built up earlier.

Growth
+20.0% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+15.6%
+20.0%
Net income
+4.2%
+15.1%
+17.8%
+25.2%
Returned to shareholders
+20.6%
+26.6%
+18.9%
+28.6%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.21B
Shares outstanding, FY2025
0.090.212008201120142017202020232025
0.130.212016201920222025
Change, 5 years+6.3%
Change, 10 years+20.9%

The share count grew 6% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 29.3B
total assets, end of FY2025
Total assetsUSD 29.3B
EquityUSD 13.4B
CashUSD 138.9M

Equity funds 46% of total assets.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
0.0
0.0
·
·
·
·
·
·
·
·
Operating income $B
1.4
1.3
1.2
1.1
1.0
0.7
0.6
0.6
0.7
0.5
0.3
0.3
0.2
0.2
0.1
0.1
0.1
0.1
EBITDA $B
2.1
2.1
1.7
1.3
1.2
·
0.9
0.8
0.8
0.6
0.4
0.4
0.3
0.2
0.2
0.1
0.1
0.1
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Net income $B
1.0
0.9
0.8
0.9
0.8
0.5
0.4
0.4
0.5
0.4
0.2
0.2
0.2
0.1
0.1
0.0
0.0
0.0
EPS, diluted $
4.59
4.03
4.74
6.41
6.19
3.71
3.24
3.27
3.76
2.91
1.56
1.53
1.53
1.14
0.54
0.30
0.37
0.46
Dividend / sh $
6.48
6.48
6.48
6.00
4.50
3.60
3.56
3.36
3.12
2.93
2.24
1.81
1.45
0.85
0.56
0.40
0.38
1.00
Payout %
141
161
130
94
73
97
109
102
82
100
142
118
95
75
103
105
84
221
ROE %
7.1
6.0
9.1
27.0
29.2
18.9
17.0
17.4
20.8
16.9
9.9
10.2
10.6
9.3
5.3
3.8
4.4
·
Shares out B
0.21
0.21
0.21
0.13
0.13
0.13
0.13
0.13
0.13
0.13
0.12
0.12
0.12
0.11
0.09
0.09
0.09
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
35 of 35
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed