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Extra Space Storage

EXR

Extra Space Storage, Inc. is a fully integrated, self-administered real estate investment trust (REIT) that serves as the largest self-storage operator in the United States.

Market cap
$30.44B+1.3%
Revenue$3.4B+4.2%
Net income$957.8M-1.9%
EPS (diluted)$4.53-1.7%
Trailing twelve months · change vs. prior year

Earnings

Next report

Nov 4, 2026 (in 2 months)
Revenue estimate$889.7M
EPS estimate$1.17

Financials

Q2 2026

Income statement

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Revenue$874.2M+3.9%
Operating income$392.2M+4.9%
Net income$263.5M+5.5%
EPS (diluted)$1.25+5.9%

Balance sheet

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Cash & equivalents$695.2M+440%
Total debt$767.6M+3.3%
Total equity$13.3B-3.9%
Total assets$29.7B+1.0%

Valuation & ratios

Valuation

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Market cap$30.44B+1.3%
Enterprise value$30.51B-0.5%
P/E31.8×+1.0×
P/S8.8×-0.2×

Profitability

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Operating margin40.9%-2.8pp
Net margin27.8%-1.7pp

Returns & leverage

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Return on equity7.1%+0.1pp
Debt / equity0.1×0.0×

Segments

By segment

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Tenant Reinsurance$93.1M+5.1%

Competitors

Profile

Extra Space Storage, Inc. is a fully integrated, self-administered real estate investment trust (REIT) that serves as the largest self-storage operator in the United States. The company focuses on maximizing long-term stockholder value through the ownership, operation, and management of a vast portfolio of storage properties across high-density population centers. Its core value proposition centers on leveraging advanced technology systems for dynamic pricing and digital marketing to optimize occupancy and rental rates.

Competitive position

The company is the largest self-storage operator in the United States, utilizing significant scale and data sophistication to maintain high occupancy levels in a fragmented industry.

GeographiesUnited States
Customer segmentsB2C, B2B
Business modelRental and Leasing, Asset Management, Bridge Lending, Reinsurance
SuppliersReal Estate Developers, Construction Contractors, Capital Markets, Non-affiliated Insurance Companies
CustomersIndividual Residential Tenants, Small Business Owners, Third-party Property Owners (Management Services), Self-storage Owners (Bridge Loan Borrowers)
Listed2004
Employees7.6K
CEOJoseph D. Margolis
FilingsSEC EDGAR

FAQ

What is Extra Space Storage's market cap?
Extra Space Storage (EXR) has a market capitalization of $30.4B and trades on NYSE.
What is Extra Space Storage's revenue and profitability?
Extra Space Storage generated $3.4B in trailing twelve-month revenue with net income of $957.8M, representing a net margin of 27.8%. Gross margin stands at 72.7%. These figures are based on the Q2 2026 filing.
Who are Extra Space Storage's competitors?
Extra Space Storage's key competitors include Public Storage, CubeSmart, Global Self Storage, Inc. Common Stock, and others. These companies compete in similar markets and product categories.
What subsidiaries does Extra Space Storage have?
Extra Space Storage's subsidiaries include Extra Space Storage LP.
Where is Extra Space Storage headquartered?
Extra Space Storage is headquartered in United States of America and employs approximately 7,618 people. It has been publicly traded since 2004.