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Extra Space Storage EXR Q4 2025 Annual earnings

Reported February 19, 2026 · After market close

Revenue$857.5MBeat by $2.9MDiluted EPS$1.36Beat by $0.19
Revenue estimate$854.6M
EPS estimate$1.17

Next report

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

Financials

Q4 2025

Income statement

See full
Revenue$857.5M+4.3%
Gross profit$626.0M+4.2%
Operating income$370.9M-2.4%
Net income$287.4M+9.5%
EPS (diluted)$1.36+9.7%

Balance sheet

See full
Cash & equivalents$143.2M-0.1%
Total debt$901.6M+6.4%
Total equity$13.4B-3.7%
Total assets$29.3B+1.4%

Cash flow

See full
Operating cash flow$367.8M-9.9%
Free cash flow$369.2M-9.2%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$27.64B-12.8%
Enterprise value$28.4B-12.4%
P/E28.4×-8.7×
P/S8.2×-1.6×

Profitability

See full
Gross margin72.8%-1.7pp
Operating margin41.8%+1.2pp
Net margin28.8%+2.6pp
FCF margin54.7%-2.9pp

Returns & leverage

See full
Return on equity7.1%+1.1pp
Debt / equity0.1×0.0×

Segments

By segment

See full
Self-Storage Operations$734.2M+3.8%
Tenant Reinsurance$89.3M+6.6%

Versus estimates

Revenue

Q1 2026$856.0MBeat by $4.7M
Q4 2025$857.5MBeat by $2.9M
Q3 2025$777.6MBeat by $44.5MQ2 2025$841.6MBeat by $109.4MQ1 2025$820.0MBeat by $112.4MQ4 2024$821.9MBeat by $114.6M

Diluted EPS

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

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Questions, answered.

When did Extra Space Storage report Q4 2025 earnings?
Extra Space Storage (EXR) reported Q4 2025 earnings on February 19, 2026 after market close.
What were Extra Space Storage's Q4 2025 revenue and EPS?
Extra Space Storage reported revenue of $857.5M and diluted EPS of $1.36 for Q4 2025.
Did Extra Space Storage beat estimates in Q4 2025?
Revenue beat the consensus estimate of $854.6M by $2.9M. EPS beat the consensus estimate of $1.17 by $0.19.
How did Extra Space Storage's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 4.3% from $821.9M a year earlier and diluted EPS declined 33.0% from $2.03.
Where can I find Extra Space Storage's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001289490-26-000007) and the 10-K periodic report (0001289490-26-000011) directly on SEC EDGAR. The filing index links above go to sec.gov.