What does lease income mean?

Represents the total gross revenue generated from the rental of self-storage units to customers. This metric captures the core operational performance of the real estate portfolio by measuring the income stream from occupancy and rental rate realization.

Extra Space Storage EXR Lease Income

Other financials

Income statement

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Revenue$856.0M+4.4%

Gross profit$617.7M+3.6%

Operating income$367.6M-5.4%

Net income$241.0M-11.0%

EPS (diluted)$1.14-10.9%

Balance sheet

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Cash & equivalents$143.4M+16.5%

Total debt$769.7M+9.2%

Total equity$13.3B-4.0%

Total assets$29.1B+0.4%

Cash flow

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Operating cash flow$489.9M+1.8%

CapEx$7.2M-9.2%

Free cash flow$482.6M+1.9%

Valuation

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Market cap$30.7B-12.0%

Enterprise value$31.33B-11.7%

P/E32.5×-5.7×

P/S9×-1.7×

Profitability

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Gross margin72.7%-1.4pp

Operating margin40.8%-1.2pp

Net margin27.7%-0.2pp

FCF margin54.4%-3.2pp

Returns & leverage

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Return on equity6.9%+0.5pp

Debt / equity0.1×0.0×

Questions, answered.

What does lease income mean?: Represents the total gross revenue generated from the rental of self-storage units to customers. This metric captures the core operational performance of the real estate portfolio by measuring the income stream from occupancy and rental rate realization.