Income StatementBalance SheetCash FlowSegments
Extra Space Storage logo

Extra Space Storage Income Statement

Revenue, expenses, and profitability over time

Extra Space Storage generated $3.4B in trailing twelve-month revenue, up 0.0% year-over-year. Net income was $944.1M with a 27.66% net margin. Gross margin stands at 72.67% and operating margin at 40.76%. Diluted EPS is $4.45, which grew 0.0% year-over-year. Based on the Q1 2026 filing.

Total Revenue (TTM)$3.4BGross Profit (TTM)$2.5BOperating Income (TTM)$1.4BNet Income (TTM)$944.1MEps Diluted (TTM)$4.45
Latest FilingQ1 2026
Report Date2026-05-01
Market Cap$29.4B
P/E Ratio31.16
ROE6.94%

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common Stock Dividends Per Share (Paid)—$1.6$1.6$1.6—$1.6
Common stock dividends per share cash paid—$1.6$1.6$1.6—$1.6
Common Stock Dividends Per Share (Cash Paid)—$1.6$1.6$1.6—$1.6
Common Dividends Per Share Paid—$1.6$1.6$1.6—$1.6
Cash Dividend per Common Share—$1.6$1.6$1.6—$1.6
Cash dividend per common share (in dollars per share)—$1.6$1.6$1.6—$1.6
Direct premiums earned$83.7M$84.7M$88.6M$90.3M$89.3M$89.1M
Equity in earnings of unconsolidated real estate ventures - gain on sale of a joint venture interest—$0.0———$207.0K
Gain on real estate assets held for sale and sold, net—$35.8M-$864.0K-$105.1M-$6.1M$0.0
Interest Expense, Excluding Amortization Of Debt Discount (Premium)$138.5M$142.4M$146.1M$149.7M$149.4M$147.3M
Lease Income$707.2M$704.4M$721.0M$735.6M$734.2M$733.2M
Minority Interest In Net Income Loss Operating Partnerships And Other$14.1M$13.3M$12.3M$7.3M$12.7M$10.8M
Noncontrolling Interest in Net Income (Loss) Preferred Unit Holders, Redeemable$1.2M$724.0K$723.0K$724.0K$723.0K$673.0K
Revenue From Contract With Customer Excluding Assessed Tax$31.0M$30.9M$32.0M$32.5M$34.0M$33.7M

Earnings Per Share

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Common stock dividends per share cash paid—$1.6$1.6$1.6—$1.6
Dividends Per Share, Cash Paid—$1.6$1.6$1.6—$1.6
Common Stock Dividends Per Share Cash Paid—$1.6$1.6$1.6—$1.6
Basic earnings per share$1.23$1.28$1.18$0.78$1.35$1.14
Diluted earnings per share$1.23$1.28$1.18$0.78$1.35$1.14
Common Stock Dividends Per Share (Cash Paid)—$1.6$1.6$1.6—$1.6
Dividends per common share—$1.6$1.6$1.6—$1.6
Dividends per share, cash paid—$1.62$1.62$1.62—$1.62
Dividends Per Share (Paid)—$1.6$1.6$1.6—$1.6
Common Stock Dividends Per Share (Cash Paid)—$1.6$1.6$1.6—$1.6
Common stock dividends per share cash paid—$1.6$1.6$1.6—$1.6
Common stock dividends per share cash paid—$1.6$1.6$1.6—$1.6
Weighted-average shares, basic—211.9M211.9M212M—210.9M
Weighted-average shares, diluted—212.1M211.9M221.3M—220.3M

Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Lease Income$707.2M$704.4M$721.0M$735.6M$734.2M$733.2M
Total revenue$821.9M$820.0M$841.6M$858.5M$857.5M$856.0M

Operating Expenses

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Depreciation and amortization$196.2M$180.4M$177.3M$177.5M$180.1M$185.8M
General and administrative$44.0M$46.0M$45.0M$43.5M$51.9M$46.5M
Tenant reinsurance$18.2M$17.1M$16.9M$17.8M$17.0M$17.9M
Total operating expenses$479.6M$467.0M$466.8M$474.2M$480.5M$488.5M

Other Income & Expense

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income from equity method investments$18.8M$19.9M$16.3M$15.7M$16.9M$15.8M
Interest income$34.7M$39.0M$42.0M$43.6M$38.6M$39.5M
Amortization of Debt Discount (Premium)$11.2M$11.3M$11.8M$12.1M$12.4M$12.6M

Operating Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Gross profit$600.8M$596.4M$614.0M$623.0M$626.0M$617.7M
Operating income$380.0M$388.7M$374.0M$279.1M$370.9M$367.6M

Income Before Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income before income taxes$265.1M$274.0M$258.1M$161.0M$247.7M$247.2M

Tax

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Income tax expense$6.0M$9.0M$11.6M$12.0M$9.0M$10.8M

Net Income

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Net income$262.5M$270.9M$249.7M$166.0M$287.4M$241.0M

Cost of Revenue

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Total cost of revenue$221.1M$223.6M$227.6M$235.5M$231.5M$238.3M