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Extra Space Storage EXR Q2 2025 earnings

Reported July 30, 2025 · After market close

Revenue$841.6MBeat by $109.4MDiluted EPS$2.05Miss by $0.01
Revenue estimate$732.2M
EPS estimate$2.06

Next report

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

Financials

Q2 2025

Income statement

See full
Revenue$841.6M+3.8%
Gross profit$614.0M0.0%
Operating income$374.0M+22.7%
Net income$249.7M+34.4%
EPS (diluted)$1.18+34.1%

Balance sheet

See full
Cash & equivalents$128.7M+57.8%
Total debt$742.8M+224%
Total equity$13.8B-2.7%
Total assets$29.4B+5.8%

Cash flow

See full
Operating cash flow$543.9M-0.3%
CapEx$6.0M+156%
Free cash flow$537.8M-0.9%

Valuation & ratios

Valuation

as of 06/30/25
See full
Market cap$31.52B-4.2%
Enterprise value$32.13B-2.8%
P/E32.3×-8.7×
P/S9.5×-0.9×

Profitability

See full
Gross margin73.4%-1.9pp
Operating margin43.7%+3.3pp
Net margin29.5%+4.1pp
FCF margin56.9%+0.7pp

Returns & leverage

See full
Return on equity7%-2.2pp
Debt / equity0.1×0.0×

Segments

By segment

See full
Self-Storage Operations$721.0M+3.4%
Tenant Reinsurance$88.6M+5.8%

Versus estimates

Revenue

Q1 2026$856.0MBeat by $4.7MQ4 2025$857.5MBeat by $2.9MQ3 2025$777.6MBeat by $44.5M
Q2 2025$841.6MBeat by $109.4M
Q1 2025$820.0MBeat by $112.4MQ4 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 $0.02
Q2 2025$2.05Miss by $0.01
Q1 2025$2.00Beat by $0.04Q4 2024$2.03Beat by $0.93

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Questions, answered.

When did Extra Space Storage report Q2 2025 earnings?
Extra Space Storage (EXR) reported Q2 2025 earnings on July 30, 2025 after market close.
What were Extra Space Storage's Q2 2025 revenue and EPS?
Extra Space Storage reported revenue of $841.6M and diluted EPS of $2.05 for Q2 2025.
Did Extra Space Storage beat estimates in Q2 2025?
Revenue beat the consensus estimate of $732.2M by $109.4M. EPS missed the consensus estimate of $2.06 by $0.01.
How did Extra Space Storage's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.8% from $810.7M a year earlier and diluted EPS declined 0.5% from $2.06.
Where can I find Extra Space Storage's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0001289490-25-000011) directly on SEC EDGAR. The filing index links above go to sec.gov.