Skip to content
OpenCapital
Get started

Extra Space Storage EXR Q1 2025 earnings

Reported April 29, 2025 · After market close

Revenue$820.0MBeat by $112.4MDiluted EPS$2.00Beat by $0.04
Revenue estimate$707.6M
EPS estimate$1.96

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$864.9M
EPS estimate$1.16

Financials

Q1 2025

Income statement

See full
Revenue$820.0M+2.6%
Gross profit$596.4M+0.2%
Operating income$388.7M+15.8%
Net income$270.9M+27.1%
EPS (diluted)$1.28+26.7%

Balance sheet

See full
Cash & equivalents$123.0M+122%
Total debt$704.7M+203%
Total equity$13.9B-2.9%
Total assets$29.0B+5.5%

Cash flow

See full
Operating cash flow$481.4M+3.4%
CapEx$8.0M+233%
Free cash flow$473.4M+2.2%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$31.48B+1.2%
Enterprise value$32.06B+2.5%
P/E34.5×-3.4×
P/S9.6×-1.3×

Profitability

See full
Gross margin74%-1.5pp
Operating margin42%-1.5pp
Net margin27.8%-0.9pp
FCF margin57.6%+2.4pp

Returns & leverage

See full
Return on equity6.5%-2.9pp
Debt / equity0.1×0.0×

Segments

By segment

See full
Self-Storage Operations$704.4M+2.4%
Tenant Reinsurance$84.7M+4.1%

Versus estimates

Revenue

Q1 2026$856.0MBeat by $4.7MQ4 2025$857.5MBeat by $2.9MQ3 2025$777.6MBeat by $44.5MQ2 2025$841.6MBeat by $109.4M
Q1 2025$820.0MBeat by $112.4M
Q4 2024$821.9MBeat by $114.6M

Diluted EPS

Q1 2026$2.04Beat by $0.88Q4 2025$1.36Beat by $0.19Q3 2025$2.08Beat by $0.02Q2 2025$2.05Miss by $0.01
Q1 2025$2.00Beat by $0.04
Q4 2024$2.03Beat by $0.93

Ask the moment Extra Space Storage reports.

Connect your AI and ask the moment the filing drops. It reads the release, surfaces what management said, and gives you its own read.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

When did Extra Space Storage report Q1 2025 earnings?
Extra Space Storage (EXR) reported Q1 2025 earnings on April 29, 2025 after market close.
What were Extra Space Storage's Q1 2025 revenue and EPS?
Extra Space Storage reported revenue of $820.0M and diluted EPS of $2.00 for Q1 2025.
Did Extra Space Storage beat estimates in Q1 2025?
Revenue beat the consensus estimate of $707.6M by $112.4M. EPS beat the consensus estimate of $1.96 by $0.04.
How did Extra Space Storage's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.6% from $799.5M a year earlier and diluted EPS grew 2.0% from $1.96.
Where can I find Extra Space Storage's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0001628280-25-021878) directly on SEC EDGAR. The filing index links above go to sec.gov.