What does FL — building and improvements initial cost mean?

The original construction or acquisition cost of buildings and structural improvements for storage facilities in the Florida segment. This excludes the cost of the underlying land.

Extra Space Storage EXR FL — Building and Improvements Initial Cost

Other geography segments

$2.75B-1.4%

$2.36B+3.4%

$1.28B+6.5%

$1.21B+1.0%

$1.12B+3.2%

$1.1B+1.4%

$852.46M+1.1%

$601.22M+5.9%

$574.88M+3.1%

$559.04M+2.2%

$551.04M+15.4%

$516.92M+1.6%

$470.79M+4.4%

$390.42M+1.3%

$386.99M+8.6%

$382.04M-1.6%

$373.63M0.0%

$364.79M-5.0%

$357.85M0.0%

$280.26M+8.1%

$195.72M0.0%

$192.5M0.0%

$188.95M0.0%

$188.81M+17.3%

$126.6M0.0%

$125.42M+219%

$89.88M0.0%

$86.34M0.0%

$81.11M-8.2%

$74.96M0.0%

$72.56M0.0%

$68.04M0.0%

$59.03M-28.1%

$55.03M0.0%

$31.27M0.0%

$28.53M0.0%

$25.24M0.0%

$18.17M0.0%

$1.9M0.0%

Similar metrics at other companies

LINEFlorida — Initial cost to company, buildings and improvements

$95M0.0%

REGFL — Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements

$97.27M0.0%

OHIFL — Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements

$406.54M-6.0%

UDROther Florida — Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements

$56.4M0.0%

LINEFlorida — Initial cost to company, land

$16M0.0%

UDROther Florida — Real Estate And Accumulated Depreciation Initial Cost Of Land And Buildings And Improvements

$72.37M0.0%

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

See full

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$31.76B-0.4%

Enterprise value$32.39B-0.3%

P/E33.6×+1.0×

P/S9.3×-0.3×

Profitability

See full

Gross margin72.7%-1.4pp

Operating margin40.8%-1.2pp

Net margin27.7%-0.2pp

FCF margin54.4%-3.2pp

Returns & leverage

See full

Return on equity6.9%+0.5pp

Debt / equity0.1×0.0×

Where this comes from

Reported directly by Extra Space Storage in its filing.

Tagged under the XBRL concept us-gaap:RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements.

The official record: Extra Space Storage’s 10-K, filed February 20, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Extra Space Storage's FL — building and improvements initial cost?: Extra Space Storage (EXR) reported FL — building and improvements initial cost of $2.99B in Q4 2025.
How has Extra Space Storage's FL — building and improvements initial cost changed year-over-year?: Extra Space Storage's FL — building and improvements initial cost decreased by 0.7% year-over-year, from $3.01B to $2.99B.
What does FL — building and improvements initial cost mean?: The original construction or acquisition cost of buildings and structural improvements for storage facilities in the Florida segment. This excludes the cost of the underlying land.