Income StatementBalance SheetCash FlowSegments
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Extra Space Storage Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Extra Space Storage holds $29.1B in total assets. Shareholders' equity is $13.3B against $769.7M in total debt. Cash and equivalents total $143.4M. Based on the Q1 2026 filing.

Total Assets$29.1BTotal Stockholders Equity$13.3BCash And Equivalents$143.4M
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$29.4B
P/E Ratio31.16
ROE6.94%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$346.5M$359.5M$438.1M$472.8M$357.6M$374.8M
Operating lease liabilities, current$705.8M$704.7M$742.8M$757.8M$761.1M$769.7M
Short-Term Debt - Weighted-Average Interest Rate—4.4%4.4%4.4%—4.3%

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$129.7M$116.1M$134.8M$133.1M$142.1M$115.4M
Assets held for sale$103.8M$28.2M$18.8M$194.1M$27.1M$20.7M
Cash and cash equivalents$143.3M$123.0M$128.7M$116.2M$143.2M$143.4M
Derivative assets$15.7M$10.1M$7.4M$5.3M$3.4M$2.7M
Restricted cash$5.1M$3.5M$3.6M$4.3M$4.3M$4.4M

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$14.8B$14.9B$14.9B$14.9B$14.9B$14.9B
Accumulated other comprehensive income (loss)$12.8M$6.2M$3.2M$1.3M-$420.0K$314.0K
Common stock2.1M500M500M500M2.1M500M
Common Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Common Stock Shares Issued212M212.2M212.3M212.2M211.2M211.2M
Convertible Preferred Stock Authorized Shares50M50M50M50M50M50M
Convertible Preferred Stock Issued Shares000000
Convertible Preferred Stock Outstanding Shares000000
Additional paid-in capital$14.8B$14.9B$14.9B$14.9B$14.9B$14.9B
Common stock; $0.001 par value; 6,000 shares authorized; 3,755 and 3,751 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively$2.1M$2.1M$2.1M$2.1M$2.1M$2.1M
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Preferred stock$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock Par Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Retained earnings-$899.3M-$972.7M-$1.1B-$1.3B-$1.4B-$1.6B
Share Repurchase Authorization Limit—$500.0M$491.4M$491.4M—$349.0M
Share Repurchase Program - Amount Remaining—$500.0M$491.4M$491.4M—$349.0M
Total liabilities and stockholders' equity$28.8B$29.0B$29.4B$29.2B$29.3B$29.1B
Total stockholders' equity$13.9B$13.9B$13.8B$13.6B$13.4B$13.3B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Aggregate Notional Principal Outstanding—$1.1B$952.0M$952.0M—$952.0M
Deferred Costs, Current and Non-Current$7.5M$7.0M$6.4M$16.1M$15.3M$14.5M
Derivative Notional Amount—$1.1B$952.0M$952.0M—$952.0M
Number of Countries of Operation—4300.0%4300.0%4300.0%—4200.0%
Interest Rate Hedge Reclassification (Next 12 Months)—$7.5M$6.2M$3.4M—-$1.1M
Accounts Receivable, after Allowance for Credit Loss$129.7M$116.1M$134.8M$133.1M$142.1M$115.4M
Accumulated Gain (Loss) On Real Estate, Held-For-Sale$0.0$35.8M$34.9M-$70.2M$0.0$0.0
Cash distributions in unconsolidated real estate ventures$75.3M$76.1M$76.8M$77.7M$73.7M$74.3M
Ten day average closing stock price (in dollars per share)—$145.97$147.13$139.99—$131.31
Common stock, par value (in dollars per share)$0.0$0.0$0.0$0.0$0.0$0.0
Common stock, shares authorized (in shares)$500.0M$500.0M$500.0M$500.0M$500.0M$500.0M
Common stock, shares issued (in shares)$212.0M$212.2M$212.3M$212.2M$211.2M$211.2M
Common Stock, Shares, Outstanding$212.0M$212.2M$212.3M$212.2M$211.2M$211.2M
Weighted Average Interest Rate (as a percent)—$0.0$0.0$0.0—$0.0
Notional—$1.1B$952.0M$952.0M—$952.0M
Number of derivative instruments held—12.0010.0010.00—7.00
Number of Stores—439.00414.00411.00—408.00
Finance Lease, Right-of-Use Asset, after Accumulated Amortization$140.3M$140.3M$141.2M$141.2M$141.2M$136.6M
Bridge loans, extension option—2.002.002.00—2.00
Bridge loans, percent of notes held as mortgage receivables—77.0%79.0%79.0%—79.0%
Gains expected to be reclassified—$7.5M$6.2M$3.4M—-$1.1M
Investment In Unconsolidated Real Estate Entities, Net Of Distributions$1.3B$1.2B$1.0B$986.3M$993.1M$995.3M
Amount outstanding under the credit facility$1.4B$978.0M$1.2B$942.0M$1.2B$1.2B
Long Term Debt Percentage Bearing Variable Interest Rate—$0.1$0.1$0.1—$0.0
Minority Interest In Operating Partnerships$835.7M$837.9M$832.4M$825.0M$837.0M$832.2M
Minority Interest In Preferred Unit Holders$76.1M$53.8M$53.8M$53.8M$53.8M$47.8M
Net Operating Real Estate Assets$24.5B$24.6B$25.0B$24.8B$24.9B$24.8B
OP Units issued in conjunction with acquisitions (in units)—37.9K———0
Value of OP Units issued in conjunction with acquisitions—$5.9M———$0.0
OP Units redeemed for common stock (in shares)—11.5K42K42K—0
OP Units redeemed for cash (in shares)—02K10K—11.8K
Cash paid for OP Units redeemed—$0.0$279.0K$1.5M—$1.7M
Number of joint ventures operating store—10.0011.0011.00—12.00
Number of joint ventures with property under development—5.004.005.00—4.00
Number of operating stores held-for-sale—5.004.0029.00—4.00
Number Of Real Estate Properties—2424.002430.002427.00—2428.00
Number of stores owned by franchisees and third parties—1675.001749.001811.00—1916.00
Number of operating stores owned and/or managed—4099.004179.004238.00—4344.00
Number Of States In Which Entity Operates—$43.0$43.0$43.0—$42.0
Consideration to be paid on redemption of common OP units—$1.4B$1.4B$1.3B—$1.2B
Other Notes Payable$1.0B$999.1M$1.1B$1.0B$1.1B$1.1B
Preferred Stock, Par or Stated Value Per Share$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Authorized$50.0M$50.0M$50.0M$50.0M$50.0M$50.0M
Preferred Stock, Shares Issued$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Stock, Shares Outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Preferred Units Outstanding—9.4M9.3M9.3M—9.4M
Prepaid expenses and deposits$137.5M$124.8M$90.3M$149.4M$102.7M$91.5M
Number of consolidated joint ventures—10.0010.0012.00—12.00
Real Estate, Held-For-Sale, Number of Properties13.005.004.0029.005.004.00
Intangible lease rights$27.7M$27.7M$27.7M$28.9M$37.8M$37.8M
Intangible assets - tenant relationships$326.4M$328.4M$335.2M$334.7M$334.7M$334.6M
Share Repurchase Program, Remaining Authorized, Amount—$500.0M$491.4M$491.4M—$349.0M
Total number of stores in consolidated joint venture—15.0015.0016.00—16.00

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Debt Instrument Face Amount$1.4B$978.0M$1.2B$942.0M$1.2B$1.2B
Debt Instrument - Effective Interest Rate—5.3%5.3%5.2%—4.6%
Long-Term Debt Fixed Interest Rate Percentage—$0.0$0.0$0.0—$0.0
Accounts payable, accrued expenses, and other liabilities (includes VIE balances of $159 and $183)$346.5M$359.5M$438.1M$472.8M$357.6M$374.8M
Unsecured debt$2.2B$1.9B$1.9B$1.5B$1.5B$1.5B
Operating Lease Liabilities (Total)$705.8M$704.7M$742.8M$757.8M$761.1M$769.7M
Other non-current liabilities$538.9M$533.4M$528.2M$525.5M$517.0M$497.6M
Senior unsecured notes, net$7.8B$8.6B$8.6B$9.4B$9.4B$9.4B
Total liabilities$14.0B$14.2B$14.7B$14.7B$14.9B$14.9B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Goodwill$170.8M$170.8M$170.8M$170.8M$170.8M$170.8M
Intangible assets, net$32.2M$26.5M$21.5M$16.6M$11.6M$6.6M
Net Investment in Lease$689.8M$685.4M$720.4M$732.1M$732.2M$737.6M
Investments in debt securities and notes receivable$1.6B$1.7B$1.8B$1.9B$1.8B$1.8B
Dividends Receivable$6.4M$6.4M$6.4M$6.4M$6.4M$6.4M
Intangible assets — net$32.2M$26.5M$21.5M$16.6M$11.6M$6.6M
Operating lease right-of-use assets$689.8M$685.4M$720.4M$732.1M$732.2M$737.6M
Other Assets$549.0M$508.7M$484.7M$547.2M$515.3M$467.9M
Real Estate Investment Property, Net$24.6B$24.7B$25.1B$24.9B$25.0B$24.9B
Operating lease right-of-use assets$689.8M$685.4M$720.4M$732.1M$732.2M$737.6M
Operating Lease Right-of-Use Assets in Other Assets$689.8M$685.4M$720.4M$732.1M$732.2M$737.6M
Other non-current assets$549.0M$508.7M$484.7M$547.2M$515.3M$467.9M
Accumulated depreciation$3.3B$3.5B$3.7B$3.8B$4.0B$4.2B
Buildings and improvements$22.3B$22.6B$23.0B$23.0B$23.2B$23.3B
Construction in progress$101.3M$111.8M$123.0M$106.7M$103.1M$106.1M
Land$5.0B$5.0B$5.1B$5.1B$5.1B$5.1B
Property and equipment, net$50.4M$50.0M$49.8M$51.6M$65.2M$62.0M
Investment properties, at cost$27.8B$28.1B$28.6B$28.6B$28.9B$29.0B
Investment in unconsolidated entities$1.3B$1.3B$1.1B$1.1B$1.1B$1.1B
Total assets$28.8B$29.0B$29.4B$29.2B$29.3B$29.1B